Form 4: NeueHealth Director Sandell Acquires Warrants Convertible to Common Stock
SEC Form 4 Filing
Director Scott D. Sandell reports the acquisition of warrants exercisable for NeueHealth, Inc. common stock, but disclaims beneficial ownership due to his role in various NEA investment partnerships.
Summary
- Scott D. Sandell, a director of NeueHealth, Inc., filed a Form 4 disclosing transactions related to warrants.
- On October 1, 2024, Sandell acquired warrants that can be converted into common stock at an exercise price of $0.01.
- The warrants were issued pursuant to a Warrantholders Agreement and Credit Agreement.
- Sandell disclaims beneficial ownership of the securities held by NEA 15, NEA 16, NEA 17, and NEA 18 VGE, as he is a manager of the general partners of these investment partnerships and has no direct pecuniary interest.
- The warrants expire on April 30, 2029.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential changes in ownership and alignment of interests.
Stakeholder Impact
- The acquisition of warrants by a director could be perceived positively by shareholders as it aligns the director's interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 08/04/2023 | Date of Credit Agreement between the Issuer and the lenders thereto. |
| 10/02/2023 | Date of Incremental Amendment No. 1 to the Credit Agreement. |
| 04/08/2024 | Date of Warrantholders Agreement between the Issuer and the holders listed on Schedule 1 thereto, and Incremental Amendment No. 2 to the Credit Agreement. |
| 10/01/2024 | Date of warrant transaction. |
| 10/02/2024 | Deemed execution date of warrant transaction. |
| 04/30/2029 | Expiration date of the warrants. |
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