GoHealth (GOCO) 10% Owner CB Blizzard C Cancels ~9.57M Shares

What Happened

• CB Blizzard Holdings C, L.P. (a reporting 10% owner) disposed of a total of 9,566,028 GoHealth (GOCO) Class A shares effective July 21, 2026: 4,179,850 shares (record) plus 5,386,178 shares reported as a derivative disposition. These dispositions were made to the issuer under GoHealth’s prepackaged Chapter 11 plan and the affected Class A shares and related equity rights were cancelled and “are of no force and effect.” No per-share sale price is reported (N/A). Under the plan, holders of the cancelled Class A stock are entitled to receive a pro rata portion of an approximately $10.3 million cash equity recovery pool.

Key Details

• Transaction date: July 21, 2026 (Effective Date of the Chapter 11 Plan).
• Dispositions: 4,179,850 shares (direct) and 5,386,178 shares (derivative) — total 9,566,028 shares cancelled.
• Price/value: N/A per share; entitlement is a pro rata share of an approx. $10.3M cash pool (per footnote).
• Shares owned after transaction: The cancelled Class A shares and related equity rights outstanding immediately prior to the Effective Date were cancelled — effectively zero Class A stock remaining from these holdings.
• Notable footnotes: (F1) cancellations occurred under the confirmed Chapter 11 plan; (F2) holders receive pro rata cash from a $10.3M recovery pool; (F3–F6/F4–F5) the filing explains related entity/GP relationships and how ownership is reported.
• Filing timeliness: The Form 4 was filed Aug 17, 2026 for a Jul 21, 2026 transaction — filed late relative to the transaction date.

Context

• This was not a market sale by an executive but a disposition/cancellation under the company’s Chapter 11 reorganization (institutional/10% owner action). One line is marked as a derivative disposition — likely reflecting cancellation of rights/LLC interests or other convertible/derivative equity that were treated as Class A stock under the Plan (see footnote F6 re: LLC interests redeemable for Class A shares).
• Institutional 10% owners disposing via a bankruptcy plan differ from open-market insider selling; the transaction reflects plan treatment (cancellation + cash recovery), not an indication of active market timing by an executive.