4//SEC Filing
Jaws Sponsor LLC 4
Accession 0000899243-21-022350
CIK 0001800682other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 6:15 PM ET
Size
11.6 KB
Accession
0000899243-21-022350
Insider Transaction Report
Form 4
Jaws Sponsor LLC
10% Owner
Transactions
- Other
Class A common stock
2021-06-04+17,175,000→ 17,175,000 total - Other
Warrants to purchase Class A common stock
2021-06-04$1.50/sh+10,533,333$15,800,000→ 10,533,333 totalExercise: $11.50From: 2021-07-04Exp: 2026-06-04→ Class A Common Stock (10,533,333 underlying) - Other
Class B ordinary shares
2021-06-04−17,175,000→ 0 total→ Class A Ordinary Shares (17,175,000 underlying)
Footnotes (3)
- [F1]In connection with the consummation of the transactions contemplated by the Business Combination Agreement, dated November 11, 2020, by and among Jaws Acquisition Corp. ("Jaws"), Primary Care (ITC) Intermediate Holdings, LLC ("PCIH"), and the other parties thereto (the transactions contemplated thereby, the "Business Combination"), Jaws domesticated as a Delaware corporation (the "Domestication") and changed its name to "Cano Health, Inc." ("Cano Health"). In connection with the Domestication, the reporting person's Class B ordinary shares, par value $0.0001 per share, of Jaws, which were previously convertible into Class A ordinary shares of Jaws, were automatically converted into shares of Class A common stock of Cano Health, par value $0.0001 per share, on a one-for-one basis.
- [F2]Pursuant to the Private Placement Warrant Purchase Agreement, dated as of May 13, 2020, by and between Jaws and the reporting person, the reporting person purchased warrants to purchase Class A ordinary shares, which following the Domestication entitle the reporting person to purchase shares of Class A common stock of Cano Health (the "Private Placement Warrants") for a price of $1.50 per Private Placement Warrant. Upon consummation of the Business Combination, the Private Placement Warrants became exercisable, beginning 30 days after the closing of the Business Combination, for one share of Class A common stock at a price of $11.50 per share. The Private Placement Warrants expire on the fifth anniversary of the consummation of the Business Combination.
- [F3]Barry S. Sternlicht controls the reporting person, and as such has voting and investment discretion with respect to the securities held by the the reporting person and may be deemed to have beneficial ownership of the securities held directly by the reporting person.
Documents
Issuer
Cano Health, Inc.
CIK 0001800682
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001800683
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 6:15 PM ET
- Size
- 11.6 KB