SCHEDULE: GoHealth Common Stock Cancelled in Chapter 11 Reorganization

GoHealth, Inc. common stock has been cancelled as part of a prepackaged Chapter 11 plan of reorganization, resulting in no equity recovery for former shareholders.

Summary

• This filing is an amendment to a Schedule 13D concerning GoHealth, Inc. Class A Common Stock.
• GoHealth, Inc., GoHealth Holdings, LLC, and subsidiaries filed for Chapter 11 bankruptcy on June 7, 2026.
• A prepackaged Chapter 11 plan of reorganization became effective on July 21, 2026.
• As of the Effective Date, all outstanding Class A Common Stock, restricted stock, and RSUs were cancelled.
• Holders of Class A Common Stock and other GoHealth Holding Interests received a pro rata share of an approximately $10.3 million cash equity recovery pool.
• The reporting persons, including Centerbridge entities and Jeffrey H. Aronson, no longer beneficially own any securities or rights to equity in the Issuer.

Sentiment

Score: 1

Explanation: StockSavvy.ai views this filing as extremely negative due to the complete cancellation of common stock in a Chapter 11 bankruptcy.

Positives

• A prepackaged Chapter 11 plan was successfully implemented, indicating a structured approach to reorganization.
• An equity recovery pool of approximately $10.3 million was established for former equity holders.

Negatives

• All outstanding Class A Common Stock, restricted stock, and restricted stock units were cancelled.
• Former common stockholders received minimal cash recovery, with their equity interest becoming of no force and effect.
• The reporting persons, who previously held interests, now hold zero shares and zero rights to equity.

Risks

• The primary risk realized is the complete loss of equity value for common stockholders due to bankruptcy.
• The prepackaged plan indicates significant financial distress leading to the bankruptcy filing.

Future Outlook

The filing indicates the completion of a Chapter 11 reorganization, resulting in the cancellation of existing common stock. Future outlook for former common stockholders is nil regarding equity in the reorganized entity.

Management Comments

• All outstanding shares of 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.
• Holders of Class A common stock and other Allowed GoHealth Holding Interests received their pro rata share of an approximately $10.3 million cash equity recovery pool.

Industry Context

StockSavvy.ai notes that this filing reflects a common outcome for common equity holders in Chapter 11 bankruptcies, where their claims are typically subordinated to debt holders, often resulting in a complete loss of investment.

Comparison to Industry Standards

• In typical Chapter 11 reorganizations, common stockholders often receive little to no recovery, especially when a company is significantly distressed.
• The $10.3 million cash recovery pool for all equity interests suggests a limited asset base or significant debt obligations that take precedence.
• Companies like Hertz Global Holdings, Inc. (HTZ) also underwent Chapter 11, where common equity was ultimately cancelled, and new equity was issued to creditors.

Legal Proceedings

• GoHealth, Inc., 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.

Stakeholder Impact

• Shareholders: Complete loss of their investment in Class A Common Stock, with only a minimal cash recovery.
• Creditors: Likely received equity in the reorganized entity or other forms of compensation as part of the plan, taking precedence over common stockholders.
• Management: The filing does not detail specific impacts on current management's roles but implies a significant restructuring.

Next Steps

• The Chapter 11 plan of reorganization has become effective.
• Existing common stock has been cancelled.
• Cash equity recovery pool has been distributed.

Key Dates

Recommendation

The filing confirms the complete cancellation of GoHealth, Inc. common stock as part of a Chapter 11 bankruptcy. This represents a total loss for existing shareholders, making it a clear sell or hold for zero value.

Keywords

GoHealth, Chapter 11, Bankruptcy, Reorganization, Equity, Stock Cancellation, Schedule 13D