Steven Hochberg - Jun 8, 2021 Form 4 Insider Report for Deerfield Healthcare Technology Acquisitions Corp. (CMAX)

Role
Director, Director by Deputization, 10%+ Owner
Signature
/s/ Steven Hochberg
Stock symbol
CMAX
Transactions as of
Jun 8, 2021
Transactions value $
$4,000,000
Form type
4
Date filed
6/10/2021, 05:46 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMAX Class A common stock Award $4M +400K $10.00 400K Jun 8, 2021 Through DFHTA Sponsor LLC F1, F2
transaction CMAX Class A common stock Options Exercise $0 +50K $0.00 50K Jun 8, 2021 Direct F3, F4
transaction CMAX Class A common stock Options Exercise $0 +3.37M +842.19% $0.00 3.77M Jun 8, 2021 Through DFHTA Sponsor LLC F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMAX Class B common stock Options Exercise -50K -100% 0 Jun 8, 2021 Class A common stock 50K Direct F3, F4
transaction CMAX Class B common stock Options Exercise -3.37M -100% 0 Jun 8, 2021 Class A common stock 3.37M Through DFHTA Sponsor LLC F2, F3
transaction CMAX Private Placement Warrants Award $0 +2.92M $0.00 2.92M Jun 8, 2021 Class A common stock 2.92M $11.50 Through DFHTA Sponsor LLC F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 8, 2021, immediately prior to, and conditioned upon the consummation of, CareMax, Inc.'s (formerly known as Deerfield Healthcare Technology Acquisitions Corp.) (the "Issuer") business combination with CareMax Medical Group, LLC and IMC Medical Group Holdings, LLC (the "Business Combination"), DFHTA Sponsor LLC acquired from the Issuer 400,000 shares of Class A common stock of the Issuer.
F2 DFHTA Sponsor LLC is the record holder of the shares held indirectly by the Reporting Person. Mr. Hochberg is a manager of DFHTA Sponsor LLC and shares voting and investment discretion with respect to the common stock held of record by DFHTA Sponsor LLC. Mr. Hochberg disclaims any beneficial ownership of the securities held by DFHTA Sponsor LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly. Mr. Hochberg previously served as chief executive officer of the Issuer and, until immediately following consummation of the Business Combination, a member of the Issuer's board of directors.
F3 In connection with the closing of the Business Combination, each share of the Issuer's Class B common stock automatically converted into one share of the Issuer's Class A common stock.
F4 The Reporting Person, a partner in Deerfield Management Company, L.P., has no pecuniary interest in the securities reported herein and disclaims beneficial ownership of such securities. The Reporting Person holds the securities for the benefit, and at the direction, of Deerfield Management Company, L.P.
F5 DFHTA Sponsor LLC acquired the Private Placement Warrants from the Issuer in connection with the Issuer's initial public offering on July 21, 2020. As a result of the closing of the Business Combination, the Private Placement Warrants will become exercisable as of the date that is 12 months after the closing of the Issuer's initial public offering (i.e., July 21, 2021). The Private Placement Warrants will expire on June 8, 2026 or earlier upon redemption or liquidation.