4/A: P3 Health Director Amends Ownership Post-Reverse Split
Amendment to Statement of Changes in Beneficial Ownership (Form 4/A)
P3 Health Partners Inc. Director Lawrence B. Leisure filed an amended Form 4 to correct his beneficial ownership following a 1-for-50 reverse stock split.
Summary
- Lawrence B. Leisure, a Director of P3 Health Partners Inc. (PIII), filed an amended Form 4.
- The amendment corrects the number of Class A common stock beneficially owned by Mr. Leisure following the company's 1-for-50 reverse stock split, which became effective on April 11, 2025.
- The original Form 4 inadvertently reported the number of securities owned prior to the reverse stock split.
- On August 6, 2025, Mr. Leisure was granted 2,000 Restricted Stock Units (RSUs) under the P3 Health Partners Inc. 2021 Incentive Award Plan.
- Each RSU represents a right to receive one share of Class A common stock.
- These RSUs will vest upon the earlier of the Company's 2026 annual stockholder meeting and the one-year anniversary of the grant date (August 6, 2026).
- Following the reported transaction and correction, Mr. Leisure beneficially owns 6,331 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The filing is a neutral administrative correction of a previous filing and a routine RSU grant, neither indicating significant positive nor negative sentiment.
Future Outlook
The 2,000 Restricted Stock Units granted to Director Lawrence B. Leisure are scheduled to vest upon the earlier of the Company's 2026 annual stockholder meeting or August 6, 2026.
Industry Context
This filing is a routine amendment to correct an insider's beneficial ownership post-reverse stock split, a common administrative adjustment following such corporate actions. The grant of RSUs is a standard compensation practice for directors, aligning their interests with long-term shareholder value.
Stakeholder Impact
- Shareholders: The correction provides accurate disclosure of a director's beneficial ownership, ensuring transparency. The RSU grant aligns director incentives with shareholder interests.
Next Steps
- The 2,000 Restricted Stock Units granted to Lawrence B. Leisure will vest upon the earlier of the Company's 2026 annual stockholder meeting or August 6, 2026.
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Effective date of P3 Health Partners Inc.'s 1-for-50 reverse stock split. |
| 08/06/2025 | Date of grant for 2,000 Restricted Stock Units (RSUs) to Lawrence B. Leisure. |
| 08/08/2025 | Date of original Form 4 filing that is being amended. |
| 01/23/2026 | Signature date of the amended Form 4. |
| 08/06/2026 | One-year anniversary of the RSU grant date, marking a potential vesting date. |
| 2026 | Year of the Company's annual stockholder meeting, marking a potential earlier vesting date for RSUs. |
Keywords
P3 Health Partners, PIII, Form 4/A, SEC filing, beneficial ownership, reverse stock split, restricted stock units, RSUs, corporate governance, insider transaction
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