Form 4: Rick Yang Reports Acquisition of NeueHealth Warrants
SEC Form 4 Filing
Rick Yang, a director of NeueHealth, Inc., reports the acquisition of warrants to purchase common stock.
Summary
- Rick Yang, a director of NeueHealth, Inc. (NEUE), filed a Form 4 on October 03, 2024, reporting transactions related to warrants.
- On October 01, 2024, Yang acquired warrants to buy 61,865 shares of common stock at an exercise price of $0.01.
- Yang also acquired warrants to buy 185,595 shares of common stock at an exercise price of $0.01 on the same date.
- These warrants are held indirectly through NEA 17 and NEA 18 VGE, with Yang disclaiming beneficial ownership except to the extent of his pecuniary interest.
- The warrants were issued pursuant to a Warrantholders Agreement and Credit Agreement.
- The warrants expire on April 30, 2029.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of warrant acquisitions. The director's acquisition could be interpreted as a positive sign, but it's not definitive.
Positives
- The acquisition of warrants by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's securities. This filing provides transparency into the transactions of NeueHealth's director, Rick Yang.
Stakeholder Impact
- The acquisition of warrants by a director could influence investor sentiment.
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 that certain Incremental Amendment No. 2 to the Credit Agreement. |
| 10/01/2024 | Date of transaction: Acquisition of warrants. |
| 10/02/2024 | Deemed Execution Date for warrant transactions. |
| 10/03/2024 | Date of Form 4 filing. |
| 04/30/2029 | Expiration date of the warrants. |
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