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Filing Details

Accession Number:: 0001213900-22-077701
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-12-05 17:49:02
Reporting Period:: 2022-12-01

Accepted Time:: 2022-12-05 17:49:02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1818331	Sema4 Holdings Corp.	SMFR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1307631	A. Keith Meister	C/O Corvex Management Lp 667 Madison Avenue New York NY 10065		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2022-12-01	6,789,360	$0.40	20,141,890	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Total Return Swaps	Acquisiton	2022-12-01	6,789,360	$0.40	6,789,360	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,789,360			Yes	4	J	Indirect

Footnotes

Investment funds advised by Corvex Management LP are the record holders of 9,148,140 shares of the Class A common stock, par value $0.0001 per share ("Class A Common Stock") reported herein. Mr. Meister may be deemed to indirectly beneficially own these shares by virtue of Mr. Meister's control of the general partner of Corvex Management LP.
CMLS Holdings LLC ("CMLS Holdings") is the record holder of 10,993,750 shares of the Class A common stock, par value $0.0001 per share ("Class A Common Stock") reported herein. Mr. Meister is one of two members of the Board of Managers of CMLS Holdings, and Mr. Meister shares voting and investment discretion with respect to the securities held of record by CMLS Holdings Stock reported herein. Mr. Meister is one of two members of the Board of Managers of CMLS Holdings, and Mr. Meister shares voting and investment discretion with respect to the securities held of record by CMLS Holdings.
For the purposes of this filing, Mr. Meister disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that Mr. Meister is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
On December 1, 2022, contemporaneously with the disposition reported in Table I, investment funds advised by Corvex Management LP (the "Corvex Funds"), the general partner of which is controlled by Mr. Meister, entered into cash-settled swaps (the "Total Return Swaps") with a counterparty under which the Corvex Funds acquired the economic long-side exposure to a basket of securities which includes a notional interest in 6,789,360 shares of Class A Common Stock (the "Notional Securities") for a price of $0.399 a share (the "Reference Price").
Under the terms of the Total Return Swaps (i) the counterparty will be obligated to pay in cash to the Corvex Funds any positive price performance in the Notional Securities from the Reference Price with respect to the Notional Securities as of the termination of the Total Return Swaps and (ii) the Corvex Funds will be obligated to pay in cash to the counterparty any negative price performance in the Notional Securities from the Reference Price as of the termination of the Total Return Swaps, in each case as part of the overall cash payment to be made under the Total Return Swaps taking into account the other securities reflected in the basket. All balances will be exclusively cash settled at the termination of the Total Return Swap. The Total Return Swaps have a maximum term of three years.
The Total Return Swaps do not give the Corvex Funds, direct or indirect voting, investment, or dispositive control over any securities of the Company, do not provide for the Corvex Funds to have any power to acquire any shares of Class A Common Stock from the counterparty, and do not require the counterparty to acquire, hold, vote or dispose of any securities of the Company. The Total Return Swaps, but not the Notional Securities, are owned by the Corvex Funds. Mr. Meister disclaims beneficial ownership of all Notional Securities underlying the Total Return Swaps reported as indirectly owned except to the extent of his pecuniary interest therein.