GoHealth legal chief reports 157K share cancellation
GoHealth, Inc.’s Chief Legal Officer, Brad Burd, reported dispositions occurring on July 21, 2026 in connection with a prepackaged Chapter 11 plan of reorganization.
Rhea-AI Filing Summary
GoHealth, Inc.’s Chief Legal Officer, Brad Burd, reported dispositions occurring on July 21, 2026 in connection with a prepackaged Chapter 11 plan of reorganization. He had 157,070 shares of Class A common stock, 48,726 Blizzard Management Feeder LLC interests and 940 stock options canceled or returned to the issuer under the plan. Holders of Class A stock and other Allowed GoHealth Holding Interests, including Burd, 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: 206,736 shares
Disposition
3 txns
Insider
Burd Brad
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) F3 | 940 | $0.00 | $0.00 |
| Disposition | Blizzard Management Feeder LLC Interests F4, F2 | 48,726 | -- | -- |
| Disposition | Class A Common Stock F1, F2 | 157,070 | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Blizzard Management Feeder LLC Interests — 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 were cancelled and discharged without recovery.
- F4. Blizzard Management Feeder LLC Interests were convertible, at the option of the holder, into LLC Interests of GoHealth Holdings, LLC on a 1-for-1 basis. The resulting LLC Interests of GoHealth Holdings, LLC were then redeemable for an equal number of shares of Class A common stock.
Key Figures
Class A shares disposed: 157,070 shares
LLC interests disposed: 48,726 interests
Stock options canceled: 940 options
+3 more
6 metrics
Class A shares disposed
157,070 shares
Class A Common Stock reported as disposition to issuer on July 21, 2026
LLC interests disposed
48,726 interests
Blizzard Management Feeder LLC Interests canceled or disposed on July 21, 2026
Stock options canceled
940 options
Stock options canceled and discharged without recovery under the Plan
Cash equity recovery pool
approximately $10.3 million
Equity holders receive a pro rata share under the Chapter 11 plan
Chapter 11 petition date
June 7, 2026
Voluntary Chapter 11 cases filed in the Bankruptcy Court for the District of Delaware
Plan effective date
July 21, 2026
Prepackaged Chapter 11 plan of reorganization became effective on this date
Key Terms
prepackaged Chapter 11 plan of reorganization, Allowed GoHealth Holding Interests, cash equity recovery pool, Disposition to issuer
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
"pro rata share of an approximately $10.3 million cash equity recovery pool"
Disposition to issuer financial
"transaction description labeled as Disposition to issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GoHealth (GOCOQ) Chief Legal Officer Brad Burd report in this Form 4?
Brad Burd reported dispositions tied to GoHealth’s reorganization. On July 21, 2026 he had 157,070 Class A shares, 48,726 Blizzard Management Feeder LLC interests and 940 stock options canceled or returned to the issuer under a prepackaged Chapter 11 plan.
How is GoHealth (GOCOQ)’s Chapter 11 plan connected to Brad Burd’s reported transactions?
The transactions reflect GoHealth’s prepackaged Chapter 11 plan of reorganization becoming effective on July 21, 2026. On that date, all Class A common stock and other equity rights were canceled, which is recorded on Burd’s Form 4 as dispositions to the issuer.
What is the $10.3 million cash equity recovery pool mentioned for GoHealth (GOCOQ)?
Under the plan, holders of Class A common stock and other Allowed GoHealth Holding Interests, including Brad Burd, are entitled to a pro rata share of an approximately $10.3 million cash equity recovery pool, representing the cash recovery allocated to those pre‑petition equity interests.
What happened to Brad Burd’s GoHealth stock options in this filing?
Burd held 940 stock options (rights to buy Class A common stock) that were reported as a disposition to the issuer. A related footnote states these stock options were canceled and discharged without any recovery when the Chapter 11 plan became effective.
What are the Blizzard Management Feeder LLC interests reported by GoHealth (GOCOQ)’s CLO?
Burd reported the disposition of 48,726 Blizzard Management Feeder LLC interests. These interests were convertible into LLC Interests of GoHealth Holdings, LLC on a 1‑for‑1 basis, and those LLC Interests were redeemable for an equal number of GoHealth Class A common shares.
Were Brad Burd’s GoHealth (GOCOQ) transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5‑1 checkbox was not marked, so the transactions were not reported as being under a 10b5‑1 trading plan. Instead, they arise from the implementation of GoHealth’s prepackaged Chapter 11 plan of reorganization.
AI-generated analysis. How Rhea-AI works. Not financial advice.
