Form 4: NeueHealth Director Acquires Warrants Convertible to Common Stock
SEC Form 4
Director Anthony A. Florence Jr. reports acquisition of warrants exercisable for NeueHealth, Inc. common stock, but disclaims beneficial ownership due to indirect holdings through multiple NEA partnerships.
Summary
- On October 1, 2024, Anthony A. Florence Jr., a director of NeueHealth, Inc., reported the acquisition of warrants to purchase common stock.
- The warrants have an exercise price of $0.01 and expire on April 30, 2029.
- The warrants were issued pursuant to a Warrantholders Agreement dated April 8, 2024, and a Credit Agreement dated August 4, 2023, as amended.
- The reporting person disclaims beneficial ownership of the securities held by New Enterprise Associates (NEA) partnerships due to his role as a manager of the general partners of these entities.
- The warrants are indirectly held through NEA 15, NEA 16, NEA 17, and NEA 18 VGE.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to warrant acquisition, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The acquisition of warrants by a director could be perceived as a positive signal by shareholders, but the disclaimed beneficial ownership mitigates this impact.
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 transaction (acquisition of warrants). |
| 2024-10-02 | Deemed execution date for the transaction. |
| 2029-04-30 | Expiration date of the warrants. |
| 2024-10-03 | Date of signature. |
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