4//SEC Filing
Beck Martin S A 4
Accession 0001770141-24-000012
CIK 0001770141other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 4:29 PM ET
Size
9.4 KB
Accession
0001770141-24-000012
Insider Transaction Report
Form 4
Beck Martin S A
Chief Financial Officer
Transactions
- Award
Employee stock option (right to buy)
2024-02-13+1,300,000→ 1,300,000 totalExercise: $0.39From: 2024-02-13Exp: 2034-02-13→ Common Stock (1,300,000 underlying)
Holdings
- 122,208(indirect: By LLC)
Common Stock
- 186,164(indirect: By LLC)
Common Stock
- 37,092
Common Stock
Footnotes (4)
- [F1]Mr. Beck is an equity owner and chairman of the board of directors of TTC Healthcare Partners, LLC ("TTC Partners") and, as a result, may be deemed to have beneficial ownership of the shares of the common stock, par value $0.0001 per share, of the Company ("Common Stock") owned by TTC Partners. Mr. Beck disclaims beneficial ownership of the shares held by TTC, except to the extent of his pecuniary interest therein, and the reporting herein of the shares held by TTC shall not be construed as an admission that Mr. Beck is the beneficial owner of those shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
- [F2]Mr. Beck is the sole member of Rewi Enterprises, LLC ("Rewi Enterprises") and, as a result, may be deemed to have beneficial ownership of the shares of Common Stock beneficially owned by Rewi Enterprises.
- [F3]Includes Restricted Stock Units ("Prior RSUs") of UpHealth, Inc. (the "Company"), that are subject to vesting pursuant to previously disclosed vesting schedules.
- [F4]Grant of options to acquire 1,300,000 shares of Common Stock, of which 50% of such options vested immediately and became exercisable on the date of grant and the remaining 50% shall vest and become exercisable quarterly on each March 7, May 22, August 22 and November 22 thereafter until fully vested. The quarterly vesting and exercisability of such options shall accelerate (i) upon a Change of Control (as defined in the UpHealth, Inc. 2021 Equity Incentive Plan) which occurs following the proposed sale of the Company's wholly-owned subsidiary, Cloudbreak Health, LLC, or (ii) if the Common Stock is listed on a national securities exchange and the volume-weighted average price per share of the Common Stock over a 90-day period is at least $1.00.
Documents
Issuer
UpHealth, Inc.
CIK 0001770141
Entity typeother
Related Parties
1- filerCIK 0001866167
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 4:29 PM ET
- Size
- 9.4 KB