Avista Capital Partners II GP, LLC - May 12, 2023 Form 4 Insider Report for OptiNose, Inc. (OPTN)

Role: 10%+ Owner
Signature: Avista Capital Partners II GP, LLC, By: /s/ Ben Silbert
Stock symbol: OPTN
Transactions as of: May 12, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/16/2023, 09:00 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPTN	Common Stock	Other		-10.1M	-99.67%		33.7K	May 12, 2023	See footnote	F1, F2
transaction	OPTN	Common Stock	Other		-3.33M	-100%		0	May 12, 2023	See footnote	F1, F3
transaction	OPTN	Common Stock	Other		-808K	-100%		0	May 12, 2023	See footnote	F1, F4
transaction	OPTN	Common Stock	Other		+48.4K			48.4K	May 12, 2023	See footnote	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Avista Capital Partners II GP, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Represents a pro rata in-kind distribution of shares of Common Stock of the Issuer to partners for no consideration and includes subsequent distributions by the general partner to its members.
F2	Represents shares of the Issuer held by Avista Capital Partners II, L.P. ("ACP II"). Avista Capital Partners II GP, LLC ("ACP II GP") is the general partner of ACP II. By virtue of this relationship, ACP II GP may be deemed to share beneficial ownership of the shares of common stock held by ACP II. Each of ACP II GP and ACP II expressly disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein.
F3	Represents shares of the Issuer held by Avista Capital Partners (Offshore) II, L.P. ("ACP Offshore II"). ACP II GP is the general partner of ACP Offshore II. By virtue of this relationship, ACP II GP may be deemed to share beneficial ownership of the shares of common stock held by ACP Offshore II. Each of ACP II GP and ACP Offshore II expressly disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein.
F4	Represents shares of the Issuer held by Avista Capital Partners (Offshore) II-A, L.P. ("ACP Offshore II-A"). ACP II GP is the general partner of ACP Offshore II-A. By virtue of this relationship, ACP II GP may be deemed to share beneficial ownership of the shares of common stock held by ACP Offshore II-A. Each of ACP II GP and ACP Offshore II-A expressly disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein.
F5	Represents shares off the Issuer received by ACP II GP in the pro rata in-kind distribution referred to in footnote 1 above. ACP II GP expressly disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.