4/A: Chicago Pacific Founders Corrects Ownership Reporting for P3 Health Partners Inc.

Chicago Pacific Founders UGP III, LLC files an amended Form 4 to correct an omission of 21,850 shares in previous filings related to P3 Health Partners Inc. (PIII).

Summary

• Chicago Pacific Founders UGP III, LLC filed an amendment to its Form 4 to correct an error in previously reported beneficial ownership of P3 Health Partners Inc. (PIII) shares.
• The original Form 4, filed on August 28, 2023, inadvertently omitted 21,850 shares.
• This omission resulted in an incorrect number of shares reported in Column 5 of Table I in subsequent filings.
• The corrected filing shows Chicago Pacific Founders UGP III, LLC beneficially owns 49,124,708 shares of Class A Common Stock indirectly.
• Chicago Pacific Founders UGP III, LLC is the general partner of Chicago Founders GP III, LP, which is the general partner of CPF III PT SPV, LLC and CPF III-A PT SPV, LLC.
• As such, Chicago Pacific Founders UGP III, LLC has the power to vote and dispose of the Issuer's securities held by CPF III PT SPV, LLC and CPF III-A PT SPV, LLC.
• Chicago Pacific Founders UGP III, LLC and Chicago Founders GP III, LP disclaim beneficial ownership for the amount in excess of their pecuniary interest in the Underlying Securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document corrects a previous error, which is a good sign of transparency, but the initial error is a minor negative.

Positives

• The filing of an amended Form 4 demonstrates transparency and a commitment to accurate reporting.

Negatives

• The initial error in reporting beneficial ownership could have temporarily misled investors.

Risks

• Continued errors in reporting could erode investor confidence.

Management Comments

• Chicago Pacific Founders UGP III, LLC and Chicago Founders GP III, LP disclaim beneficial ownership for the amount in excess of their pecuniary interest in the Underlying Securities.

Industry Context

This filing is a routine part of insider ownership reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Accurate and timely reporting of beneficial ownership is crucial for maintaining market transparency and investor confidence.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for individuals and entities with insider access to publicly traded companies, ensuring transparency in ownership changes.
• The error and subsequent correction highlight the importance of meticulous record-keeping and compliance with SEC regulations, which are benchmarks for corporate governance.

Stakeholder Impact

• The correction of the filing ensures that shareholders and potential investors have accurate information regarding the ownership structure of P3 Health Partners Inc.

Key Dates