GRIGGS STEPHEN P 4
4 · AdaptHealth Corp. · Filed May 10, 2023
Insider Transaction Report
Form 4
GRIGGS STEPHEN P
DirectorCo-Chief Executive Officer
Transactions
- Tax Payment
Common Stock
2023-05-08$11.86/sh−345,219$4,094,297→ 398,315 total - Exercise/Conversion
Common Stock, par value $0.0001 per share ("Common Stock")
2023-05-08$4.38/sh+559,071$2,448,731→ 743,534 total - Exercise/Conversion
Employee Stock Option (right to buy)
2023-05-08−559,071→ 0 totalExercise: $4.38Exp: 2026-08-01→ Common Stock (559,071 underlying)
Holdings
- 3,576,927(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 213,852 shares of Common Stock on net exercise of options to purchase 559,071 shares of Common Stock. The Company withheld 345,219 shares of Common Stock underlying the options for payment of the exercise price and tax withholdings.
- [F2]Securities held directly by the Stephen P. Griggs Revocable Trust.
- [F3]On December 1, 2020, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with AH Apollo Merger Sub Inc., AH Apollo Merger Sub II Inc., Peloton Equity, LLC and AeroCare Holdings, Inc. ("AeroCare"). The effective time of the merger (the "AeroCare Merger") occurred on February 1, 2021, at which time the outstanding shares of the Common Stock and options to acquire Common Stock of AeroCare were converted into the right to receive, among other things, shares of the Issuer's Common Stock and Series C Preferred Stock and options to acquire Common Stock, respectively, pursuant to the Merger Agreement.
- [F4]Options were fully vested as of the effective time if the AeroCare Merger.