X0306 4 2020-11-11 0 0001725255 AdaptHealth Corp. AHCO 0001427430 Assured Investment Management LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 1 0 0 0 Class A Common Stock 2020-11-12 4 C 0 150581 A 3797934 I Footnotes Class B Common Stock 2020-11-11 4 C 0 150581 0.00 D 2019-11-08 Class A Common Stock 0 I Footnotes The filing of this Form 4 shall not be construed as an admission that Assured Investment Management LLC (f/k/a BlueMountain Capital Management, LLC) ("AssuredIM") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), of AdaptHealth Corp. (the "Issuer") or Class B Common Stock, par value $0.0001 per share ("Class B Common Stock" and, together with the Class A Common Stock, the "Common Stock"), of the Issuer. Pursuant to Rule 16a-1(a)(4) of the Exchange Act, AssuredIM disclaims such beneficial ownership, except to the extent of its pecuniary interest. AssuredIM is the investment manager of BlueMountain Summit Opportunities Fund II (US) L.P. (the "Fund"), which was the direct beneficial owner of 150,581 shares of Class B Common Stock and is the beneficial owner of 150,581 shares of Class A Common Stock. AssuredIM, although it directs the disposition and voting of the Common Stock held by the Fund, only receives an asset-based fee relating to the Common Stock. Pursuant to the terms of the Exchange Agreement dated as of November 8, 2019 by and among the Issuer, AdaptHealth Holdings LLC, a subsidiary of the Issuer, and the other parties thereto (the "Exchange Agreement"), each share of Class B Common Stock, when combined with a common unit representing limited liability company interests in AdaptHealth Holdings LLC ("LLC Unit"), is exchangeable at any time for one share of Class A Common Stock or, at the Issuer's election, the cash equivalent to the market value of one share of Class A Common Stock. The Class B Common Stock has no expiration date. On November 11, 2020, the Fund delivered notice to the Issuer for the conversion of 150,581 shares of Class B Common Stock and LLC Units pursuant to the terms of the Exchange Agreement. On November 12, 2020, in connection with such conversion, the Fund received 150,581 shares of Class A Common Stock from the Issuer. Dale Wolf serves as a director of the Issuer as the representative of AssuredIM. In connection therewith, AssuredIM may be deemed to be a director by deputization of the Issuer solely for purposes of Section 16(a) of the Exchange Act. As a result, AssuredIM is listed as a "Reporting Person" in Item 1 and the "Director" box is marked in Item 4 of this Form 4. Assured Investment Management LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 2020-11-13