Tomas Valdivia - 09 Feb 2021 Form 4 Insider Report for Bright Health Group Inc. (BHG)

Role
CHIEF HEALTH & EQUITY OFFICER
Signature
/s/ Eric Halverson for Tomas Valdivia, Attorney-in-Fact
Issuer symbol
BHG
Transactions as of
09 Feb 2021
Transactions value $
$202,005
Form type
4
Filing time
30 Jun 2021, 21:40:15 UTC
Next filing
24 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHG Common Stock Options Exercise $32,501 +31,251 +0.72% $1.04* 4,342,515 09 Feb 2021 Direct
transaction BHG Common Stock Options Exercise $135,839 +125,001 +2.88% $1.09* 4,467,516 09 Feb 2021 Direct
transaction BHG Common Stock Options Exercise $6,499 +6,249 +0.14% $1.04* 4,473,765 01 Mar 2021 Direct
transaction BHG Common Stock Options Exercise $27,166 +24,999 +0.56% $1.09* 4,498,764 01 Mar 2021 Direct
transaction BHG Common Stock Conversion of derivative security +11,286 +0.25% 4,510,050 28 Jun 2021 Direct F1
holding BHG Common Stock 769,560 09 Feb 2021 By spouse
holding BHG Common Stock 769,560 09 Feb 2021 By Valdivia 2020 Family Investment, LLC

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 BHG Restricted Stock Units Award $0 +1,050,000 $0.000000 1,050,000 28 Jun 2021 Common Stock 1,050,000 Direct F2, F3, F4
transaction BHG Series A Preferred Stock Conversion of derivative security $0 -16,629 -100% $0.000000* 0 28 Jun 2021 Common Stock 11,286 Direct F1
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -31,251 -19.2% $0.000000 131,250 09 Feb 2021 Common Stock 31,251 $1.04 Direct F5
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -125,001 -13.5% $0.000000 800,001 09 Feb 2021 Common Stock 125,001 $1.09 Direct F6
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -6,249 -4.76% $0.000000 125,001 01 Mar 2021 Common Stock 6,249 $1.04 Direct F5
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -24,999 -3.12% $0.000000 775,002 01 Mar 2021 Common Stock 24,999 $1.09 Direct F6
holding BHG Stock Options (Right to Buy) 150,000 09 Feb 2021 Common Stock 150,000 $2.30 Direct F7
* 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 A Preferred Stock converted into shares of the Issuer's common stock on a 1:0.67874873 basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock ("Common Stock").
F3 These performance-based restricted stock units ("PSUs") shall vest if the performance conditions are met.
F4 These performance-based restricted stock units ("PSUs") shall vest if the performance conditions are met.
F5 These stock options vest over four years as follows: (a) 25% vested on October 18, 2019 (one year after the grant date), and (b) 1/48 of the original grant amount (300,000) vests in monthly installments for the following three years.
F6 These stock options vest over four years as follows: 1/48 of the original grant amount (300,000) vests in monthly installments over the four year period that began on October 1, 2019.
F7 These stock options vest over four years as follows: (a) 25% vests on December 18, 2021, and (b) 1/48 of the original grant amount vests in monthly installments for the following three years.