Stephen P. Griggs - 08 May 2023 Form 4 Insider Report for AdaptHealth Corp. (AHCO)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: AHCO
Reported as of: 08 May 2023
Net transaction value: -$1,645,566
SEC form: 4
Accepted by SEC: 10 May 2023, 19:13:39 UTC
Prior SEC filing: 13 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Christopher Joyce, as attorney-in-fact for Stephen Griggs***

Key filing fact

Stephen P. Griggs filed Form 4 for AdaptHealth Corp. (AHCO) on 10 May 2023.

Key facts

This page summarizes Stephen P. Griggs's Form 4 filing for AdaptHealth Corp. (AHCO).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 10 May 2023, 19:13.

Change

Previous filing in this sequence was filed on 13 Mar 2023.
Current net transaction value: -$1,645,566.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AHCO transaction

Common Stock, par value $0.0001 per share ("Common Stock")

Options Exercise

Transaction value: $2,448,731
Shares: +559,071
Change %: +303%
Price: $4.38
Shares after: 743,534
Date: 08 May 2023
Ownership: Direct

AHCO transaction

Common Stock

Tax liability

Transaction value: $4,094,297
Shares: -345,219
Change %: -46%
Price: $11.86
Shares after: 398,315
Date: 08 May 2023
Ownership: Direct
Footnotes: F1

AHCO holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,576,927
Date: 08 May 2023
Ownership: See Footnote
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AHCO transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -559,071
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 559,071
Exercise price: $4.38
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents a "net exercise" of outstanding stock options. The reporting person received 213,852 shares of Common Stock on net exercise of options to purchase 559,071 shares of Common Stock. The Company withheld 345,219 shares of Common Stock underlying the options for payment of the exercise price and tax withholdings.

Footnote F2

Securities held directly by the Stephen P. Griggs Revocable Trust.

Footnote F3

On December 1, 2020, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with AH Apollo Merger Sub Inc., AH Apollo Merger Sub II Inc., Peloton Equity, LLC and AeroCare Holdings, Inc. ("AeroCare"). The effective time of the merger (the "AeroCare Merger") occurred on February 1, 2021, at which time the outstanding shares of the Common Stock and options to acquire Common Stock of AeroCare were converted into the right to receive, among other things, shares of the Issuer's Common Stock and Series C Preferred Stock and options to acquire Common Stock, respectively, pursuant to the Merger Agreement.

Footnote F4

Options were fully vested as of the effective time if the AeroCare Merger.

SEC remarks

*** The Power of Attorney given by the reporting person was previously filed with the U.S. Securities and Exchange Commission on February 2, 2021 as an exhibit to the Form 3 filed by the reporting person with respect to the Issuer and is hereby incorporated by reference.