ITC Rumba, LLC 4
4 · Cano Health, Inc. · Filed Jan 12, 2024
Insider Transaction Report
Form 4
Cooperstone Elliot
Director10% Owner
Transactions
- Sale
Class A Common Stock
2024-01-10$3.73/sh−25,000$93,293→ 49,171 total(indirect: See Footnote) - Conversion
Class B Common Stock
2024-01-12−1,065,206→ 0 total(indirect: By LLC)→ Class A Common Stock (1,065,206 underlying) - Conversion
PCIH Common Units
2024-01-12−1,065,206→ 1,065,206 total(indirect: By LLC)→ Class A Common Stock (1,065,206 underlying) - Sale
Class A Common Stock
2024-01-11$3.59/sh−25,000$89,790→ 24,171 total(indirect: See Footnote) - Sale
Class A Common Stock
2024-01-12$3.30/sh−24,171$79,878→ 0 total(indirect: See Footnote) - Conversion
Class A Common Stock
2024-01-12+1,065,206→ 1,065,206 total(indirect: See Footnote)
Holdings
- 148
Class A Common Stock
Footnotes (6)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.86. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 3 and 4 to this Form 4.
- [F2]These securities are owned directly by ITC Rumba, LLC ("ITC Rumba"), a ten percent owner of the Issuer. Elliot Cooperstone is the Founder and Managing Partner of ITC Rumba and therefore may be deemed the beneficial owner of these securities.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.85.
- [F4]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.20 to $3.59.
- [F5]Reflects the Reporting Person's exchange of Primary Care (ITC) Intermediate Holdings, LLC ("PCIH Common Units"), together with the surrender and cancellation of the same number of shares of the Issuer's Class B common stock, par value $0.01 per share ("Class B Common Stock"), for an equal number of shares of the Issuer's Class A common stock, par value $0.01 per share ("Class A Common Stock"), pursuant to the Second Amended and Restated Limited Liability Company Agreement of Primary Care (ITC) Intermediate Holdings, LLC (the "LLC Agreement").
- [F6]PCIH Common Units, together with an equal number of shares of the Class B Common Stock, are exchangeable for shares of Class A Common Stock on a one-for-one basis pursuant to the LLC Agreement. The PCIH Common Units have no expiration date.