Sands Lawrence M. 4
4 · VSEE HEALTH, INC. · Filed Jun 26, 2024
Insider Transaction Report
Form 4
Sands Lawrence M.
10% Owner
Transactions
- Other
Series A Preferred Stock
2024-06-24+765→ 765 total(indirect: See footnote 1.)Exercise: $10.00→ Common Stock (382,500 underlying) - Other
Series A Preferred Stock
2024-06-24+153→ 153 total(indirect: See footnote 6.)Exercise: $10.00→ Common Stock (76,500 underlying)
Holdings
- 500,000(indirect: See footnote 1.)
Common Stock
Footnotes (6)
- [F1]Shares held by SCS Capital Partners, LLC ("SCS Capital") of which Reporting Person is the sole manager and sole member. As such, he has sole voting and investment power with respect to Issuer's securities held by SCS Capital. Mr. Sands disclaims beneficial ownership of such securities other than to the extent of his pecuniary interest, if any, therein, directly or indirectly.
- [F2]Shares of Series A preferred stock ("Series A Stock") acquired in connection with closing of the Business Combination pursuant to the terms of the Business Combination Agreement by and among Digital Health Acquisition Corp. ("DHAC"), Digital Health Merger Sub I, Inc., Digital Health Merger Sub II, Inc., VSee Lab, Inc. and iDoc Virtual Telehealth Solutions, Inc. (iDoc") (the "Business Combination"). In the Business Combination certain indebtedness owed by DHAC to affiliates of DHAC, among others, was converted to Series A Stock.
- [F3]The Series A Stock is convertible into Issuer's common stock at any time following the earlier of 12 months after the initial issuance of Series A Stock or the date on which no shares of Series A Stock remain outstanding.
- [F4]Not applicable.
- [F5]Maximum number of shares issuable.
- [F6]Shares held by SCS, LLC of which Reporting Person is the sole manager and sole member. As such, he has sole voting and investment power with respect to Issuer's securities held by SCS, LLC. Mr. Sands disclaims beneficial ownership of such securities other than to the extent of his pecuniary interest, if any, therein, directly or indirectly.