Lawrence Sands - 24 Jun 2024 Form 4 Insider Report for VSEE HEALTH, INC. (VSEE)

Role
10%+ Owner
Signature
/s/ Lawrence Sands
Issuer symbol
VSEE
Transactions as of
24 Jun 2024
Net transactions value
$0
Form type
4
Filing time
26 Jun 2024, 19:27:50 UTC
Next filing
26 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VSEE Common Stock 500,000 24 Jun 2024 See footnote 1. F1

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
transaction VSEE Series A Preferred Stock Other $0 +765 $0.000000 765 24 Jun 2024 Common Stock 382,500 $10.00 See footnote 1. F1, F2, F3, F4, F5
transaction VSEE Series A Preferred Stock Other $0 +153 $0.000000 153 24 Jun 2024 Common Stock 76,500 $10.00 See footnote 6. F2, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by SCS Capital Partners, LLC ("SCS Capital") of which Reporting Person is the sole manager and sole member. As such, he has sole voting and investment power with respect to Issuer's securities held by SCS Capital. Mr. Sands disclaims beneficial ownership of such securities other than to the extent of his pecuniary interest, if any, therein, directly or indirectly.
F2 Shares of Series A preferred stock ("Series A Stock") acquired in connection with closing of the Business Combination pursuant to the terms of the Business Combination Agreement by and among Digital Health Acquisition Corp. ("DHAC"), Digital Health Merger Sub I, Inc., Digital Health Merger Sub II, Inc., VSee Lab, Inc. and iDoc Virtual Telehealth Solutions, Inc. (iDoc") (the "Business Combination"). In the Business Combination certain indebtedness owed by DHAC to affiliates of DHAC, among others, was converted to Series A Stock.
F3 The Series A Stock is convertible into Issuer's common stock at any time following the earlier of 12 months after the initial issuance of Series A Stock or the date on which no shares of Series A Stock remain outstanding.
F4 Not applicable.
F5 Maximum number of shares issuable.
F6 Shares held by SCS, LLC of which Reporting Person is the sole manager and sole member. As such, he has sole voting and investment power with respect to Issuer's securities held by SCS, LLC. Mr. Sands disclaims beneficial ownership of such securities other than to the extent of his pecuniary interest, if any, therein, directly or indirectly.