GoHealth (GOCO) CLO Brad Burd Disposes 206,736 Shares Under Restructuring

What Happened

• Brad Burd, Chief Legal Officer of GoHealth, disposed of a total of 206,736 shares on July 21, 2026. The filings show three dispositions to the issuer: 157,070 shares (canceled), 48,726 derivative shares (canceled), and 940 derivative shares recorded at $0.00. These were not open‑market sales but transactions resulting from the company's Chapter 11 restructuring and the Plan that became effective on July 21, 2026.
• Under the Plan, all Class A common stock and related equity rights outstanding immediately prior to the Effective Date were cancelled. Holders (including the reporting person) are entitled to a pro rata share of an approximately $10.3 million cash equity recovery pool; the filing does not state Burd’s individual recovery amount. Stock options were cancelled without recovery.

Key Details

• Transaction date: July 21, 2026 (Effective Date of the Chapter 11 Plan).
• Reported on Form 4: filed July 23, 2026 (timely within the usual two‑business‑day window).
• Dispositions: 157,070 shares (disposed; N/A price), 48,726 derivative shares (disposed; N/A), 940 derivative shares disposed at $0.00.
• Shares owned after transaction: Class A common stock and related pre‑Effective Date equity were cancelled (effectively zero remaining for those pre‑Effective Date holdings).
• Notable footnotes: (F1) Plan became effective 7/21/2026 and cancelled prior equity; (F2) holders receive pro rata share of ~$10.3M recovery pool; (F3) stock options cancelled with no recovery; (F4) certain LLC feeder interests were convertible and then redeemable into Class A shares under prior structures.

Context

• These are restructuring‑related dispositions (not open‑market sales). For retail investors, this is a legal/administrative outcome of GoHealth’s Chapter 11 reorganization rather than a trading signal about insider sentiment.