Form 4: Forest Baskett Reports Acquisition of NeueHealth Warrants
SEC Form 4 Filing
Director Forest Baskett reports the acquisition of warrants for NeueHealth, Inc., exercisable for common stock, through entities managed by NEA.
Summary
- Forest Baskett, a director of NeueHealth, Inc. (NEUE), filed a Form 4 on October 3, 2024, reporting transactions that occurred on October 1, 2024.
- The report details the acquisition of warrants to purchase 61,865 shares of common stock each, across three separate entities: NEA 15, NEA 16, and NEA 17.
- These warrants have an exercise price of $0.01 and expire on April 30, 2029.
- Following the reported transactions, Baskett indirectly holds 185,594 warrants through these entities.
- Baskett disclaims beneficial ownership of the securities held by NEA 15, NEA 16, and NEA 17, except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. This filing indicates changes in the beneficial ownership of securities.
Stakeholder Impact
- The acquisition of warrants by a director could be perceived positively by shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 2023-08-04 | Date of the Credit Agreement between the Issuer and the lenders thereto. |
| 2023-10-02 | Date of Incremental Amendment No. 1 to the Credit Agreement. |
| 2024-04-08 | Date of the Warrantholders Agreement and Incremental Amendment No. 2 to the Credit Agreement. |
| 2024-10-01 | Date of the warrant acquisition. |
| 2024-10-02 | Date the warrants were issued. |
| 2024-10-03 | Date of Form 4 filing. |
| 2029-04-30 | Expiration date of the warrants. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.