Castlight Health (CSLT) director Park returned to the company 405,184 shares

Insider transactions reported

Ed Park (director at Castlight Health Inc., CSLT) reported that they returned to the company 405,184 shares on Feb 17, 2022. After these transactions the filing shows 0 shares held directly.

Reporting person

Park Ed

Options and other derivatives

Holdings before and after

• Class B Common Stock: 405,184 to 0 direct
• Director Stock Option (right to buy): 50,000 to 0 direct
• Class A Common Stock: 28,571 to 0 direct

Footnotes from the filing

1. 1. Pursuant to the Agreement and Plan of Merger (the Merger Agreement ), dated January 4, 2022, by and among the Issuer, Vera Whole Health, Inc. ( Vera Health ), and Carbon Merger Sub, Inc. (the Merger Sub ), the Merger Sub merged with and into the Issuer (the Merger ), with the Issuer surviving the Merger as a wholly owned subsidiary of Vera Health, effective as of February 17, 2022 (the Effective Time ). Pursuant to the Merger Agreement, each share of the Issuer's Class A common stock and Class B common stock was exchanged for $2.05 in cash (the Merger Consideration ) at the Effective Time.
2. 2. The option is fully vested and exercisable.
3. 3. The option exercise price is equal to or exceeds the Merger Consideration and therefore the option was automatically cancelled without consideration immediately prior to the Effective Time.
4. 4. Each share of Class A Common Stock is convertible at any time at the option of the holder into one (1) share of Class B Common Stock. In addition, each share of Class A Common Stock will convert automatically into one (1) share of Class B Common Stock upon the transfer, whether or not for value, to any transferee who is not a Permitted Transferee , as defined in the Issuer's Restated Certificate of Incorporation immediately prior to the Effective Time. The shares of Class A Common Stock have no expiration date.
5. 5. Each share of Class A Common Stock converted into one (1) share of Class B Common Stock at the Effective Time.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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