Chief Human Resources Officer Bavaro Michael exercised 14,739 shares at a strike of $25.43 and sold $1,030,843 worth of shares (30,996 units at $33.26), decreasing direct ownership by 27% to 44,974 units (SEC Form 4)
$OPCH
Medical/Nursing Services
Health Care
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Option Care Health, Inc. [ OPCH ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/28/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/28/2025 | M | 1,226 | A | $18.97 | 62,457 | D | |||
| Common Stock | 02/28/2025 | M | 8,974 | A | $25.75 | 71,431 | D | |||
| Common Stock | 02/28/2025 | M | 2,153 | A | $23.96 | 73,584 | D | |||
| Common Stock | 02/28/2025 | M | 2,386 | A | $28.86 | 75,970 | D | |||
| Common Stock | 02/28/2025 | S | 30,996 | D | $33.2573(1) | 44,974 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $18.97 | 02/28/2025 | M | 1,226 | (2) | 02/23/2031 | Common Stock | 1,226 | $0 | 0 | D | ||||
| Employee Stock Option (right to buy) | $25.75 | 02/28/2025 | M | 8,974 | (2) | 10/21/2031 | Common Stock | 8,974 | $0 | 0 | D | ||||
| Employee Stock Option (right to buy) | $23.96 | 02/28/2025 | M | 2,153 | (3) | 02/17/2032 | Common Stock | 2,153 | $0 | 2,153 | D | ||||
| Employee Stock Option (right to buy) | $28.86 | 02/28/2025 | M | 2,386 | (4) | 02/22/2033 | Common Stock | 2,386 | $0 | 4,772 | D | ||||
| Explanation of Responses: |
| 1. Reflects the weighted average price of 30,996 shares of common stock of Option Care Health, Inc. sold by the reporting person in multiple transactions on February 28, 2025 with sale prices ranging from $33.25 to $33.285 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
| 2. Fully vested. |
| 3. Stock options that vest as to 25% of the underlying shares of Common Stock on each of February 17, 2023, February 17, 2024, February 17, 2025 and February 17, 2026. |
| 4. Stock options that vest as to 25% of the underlying shares of Common Stock on each of the first, second, third and fourth anniversaries of the grant date. |
| /s/ Sarah Kim, attorney-in-fact for Mr. Bavaro | 03/03/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||