GoHealth CEO equity canceled in Chapter 11 plan
GoHealth, Inc. director and Chief Executive Officer Vijay Kotte reported issuer dispositions on July 21, 2026 in connection with a prepackaged Chapter 11 plan of reorganization.
Rhea-AI Filing Summary
GoHealth, Inc. director and Chief Executive Officer Vijay Kotte reported issuer dispositions on July 21, 2026 in connection with a prepackaged Chapter 11 plan of reorganization. All 1,347,396 Class A common shares he held were cancelled, leaving zero direct holdings, and three stock option grants covering 188,888, 83,333 and 83,333 underlying shares were also cancelled and discharged without recovery. Under the plan, holders of Class A common stock and other Allowed GoHealth Holding Interests, including Kotte, are entitled to their pro rata share of an approximately $10.3 million cash equity recovery pool.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 1,702,950 shares
Disposition
4 txns
Insider
KOTTE VIJAY
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) F1, F4, F3 | 188,888 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) F1, F4, F3 | 83,333 | $0.00 | $0.00 |
| Disposition | Stock Option (Right to Buy) F1, F4, F3 | 83,333 | $0.00 | $0.00 |
| Disposition | Class A Common Stock F1, F2 | 1,347,396 | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. On June 7, 2026, GoHealth, Inc. (the "Issuer"), GoHealth Holdings, LLC and certain of their direct and indirect subsidiaries filed voluntary petitions commencing cases under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware to implement a prepackaged Chapter 11 plan of reorganization (the "Plan"). The Plan became effective on July 21, 2026 (the "Effective Date"). Pursuant to the Plan, on the Effective Date, all of the Issuer's Class A common stock together with any shares of restricted stock, restricted stock units, or any other right to receive equity in the Issuer, in each case, outstanding immediately prior to the Effective Date, were cancelled, discharged and are of no force and effect.
- F2. Pursuant to the Plan, the holders of Class A common stock and other Allowed GoHealth Holding Interests (as defined in the Plan), including the reporting person, are entitled to receive their pro rata share of an approximately $10.3 million cash equity recovery pool.
- F3. The stock options vested and became exercisable in installments on anniversary dates of the applicable grant date.
- F4. The stock options were cancelled and discharged without recovery.
Key Figures
Class A shares cancelled: 1,347,396 shares
Option underlying shares (grant 1): 188,888 shares
Option exercise price (grant 1): $11.85 per share
+3 more
6 metrics
Class A shares cancelled
1,347,396 shares
Director and CEO Vijay Kotte's direct Class A common stock position cancelled on July 21, 2026
Option underlying shares (grant 1)
188,888 shares
Stock option to buy Class A common stock cancelled and discharged without recovery
Option exercise price (grant 1)
$11.85 per share
Conversion or exercise price for cancelled stock option expiring June 6, 2032
Option underlying shares (grant 2)
83,333 shares
Stock option with $14.10 exercise price cancelled and discharged without recovery
Option underlying shares (grant 3)
83,333 shares
Stock option with $10.65 exercise price cancelled and discharged without recovery
Cash equity recovery pool
$10.3 million
Aggregate cash pool available to holders of Allowed GoHealth Holding Interests under the plan
Key Terms
prepackaged Chapter 11 plan of reorganization, Allowed GoHealth Holding Interests, cash equity recovery pool, restricted stock units
4 terms
prepackaged Chapter 11 plan of reorganization regulatory
"filed voluntary petitions ... to implement a prepackaged Chapter 11 plan of reorganization"
Allowed GoHealth Holding Interests financial
"holders of Class A common stock and other Allowed GoHealth Holding Interests"
cash equity recovery pool financial
"entitled to receive their pro rata share of an approximately $10.3 million cash equity recovery pool"
restricted stock units financial
"any shares of restricted stock, restricted stock units, or any other right to receive equity"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did GoHealth (GOCOQ) CEO Vijay Kotte report on July 21, 2026?
Vijay Kotte reported issuer dispositions tied to GoHealth’s Chapter 11 plan. 1,347,396 Class A shares he held were cancelled, reducing his direct holdings to zero, and three stock option grants covering 188,888, 83,333 and 83,333 shares were cancelled without recovery.
What happened to Vijay Kotte’s GoHealth (GOCOQ) stock options in this Form 4?
Three stock option awards were reported as issuer dispositions. Options covering 188,888, 83,333 and 83,333 underlying Class A shares, with exercise prices of $11.85, $14.10 and $10.65 per share, were cancelled and discharged without recovery under the plan.
What recovery will GoHealth (GOCOQ) equity holders receive under the plan?
Holders of Class A common stock and other Allowed GoHealth Holding Interests, including Vijay Kotte, are entitled to their pro rata share of an approximately $10.3 million cash equity recovery pool, as specified in the reorganization plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
