Ali Behbahani - 24 Jun 2021 Form 3 Insider Report for Bright Health Group Inc. (BHG)

Role
10%+ Owner
Signature
/s/ Sasha Keough, attorney-in-fact
Issuer symbol
BHG
Transactions as of
24 Jun 2021
Transactions value $
$0
Form type
3
Filing time
24 Jun 2021, 21:23:58 UTC
Previous filing
23 Jun 2021
Next filing
30 Jun 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BHG Series C Preferred 24 Jun 2021 Common Stock 5,864,718 See Note 2 F1, F2
holding BHG Series D Preferred 24 Jun 2021 Common Stock 38,137,197 See Note 2 F1, F2
holding BHG Series D Preferred 24 Jun 2021 Common Stock 14,942,061 See Note 3 F1, F3
holding BHG Series E Preferred 24 Jun 2021 Common Stock 3,673,284 See Note 2 F1, F2
holding BHG Series E Preferred 24 Jun 2021 Common Stock 7,346,568 See Note 3 F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock will automatically convert into shares of Common Stock on a 1:3 basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date.
F2 The Reporting Person is a manager of NEA 16 GP, LLC, which is the sole general partner of NEA Partners 16, L.P. ("NEA Partners 16"). NEA Partners 16 is the sole general partner of New Enterprise Associates 16, L.P. ("NEA 16"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 16 in which the Reporting Person has no pecuniary interest.
F3 The Reporting Person is a manager of NEA 17 GP, LLC ("NEA 17 GP"), which is the sole general partner of NEA Partners 17, L.P. ("NEA Partners 17"). NEA Partners 17 is the sole general partner of New Enterprise Associates 17, L.P. ("NEA 17"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 17 in which the Reporting Person has no pecuniary interest.