Exhibit
4.1 


 


NiNTH AMENDED AND
RESTATED 


 


CERTIFICATE OF INCORPORATION
OF


 


BRIGHT HEALTH GROUP,
Inc.


 


* * * * *


 


The present name of the corporation
is Bright Health Group, Inc. (the “Corporation”). The Corporation was incorporated under the name “KTNewPlanCo,
Inc.” by the filing of the Corporation’s original Certificate of Incorporation with the Secretary of State of the State of
Delaware on August 7, 2015. This Ninth Amended and Restated Certificate of Incorporation of the Corporation (its “Certificate
of Incorporation”), which restates and integrates and also further amends the provisions of the Corporation’s Certificate
of Incorporation, as amended and restated, was duly adopted in accordance with the provisions of Sections 242 and 245 of the General Corporation
Law of the State of Delaware and by the written consent of its stockholders in accordance with Section 228 of the General Corporation
Law of the State of Delaware. The Certificate of Incorporation of the Corporation, as amended and restated, is hereby amended, integrated
and restated to read in its entirety as follows:


 


ARTICLE
I

NAME


 


The name of the corporation
(hereinafter sometimes referred to as the “Corporation”) is: Bright Health Group, Inc.


 


ARTICLE
II

REGISTERED OFFICE AND AGENT


 


The address of the registered
office of the Corporation in the State of Delaware is 1209 Orange Street, County of New Castle, Wilmington, Delaware 19801. The name of
the registered agent of the Corporation in the State of Delaware at such address is The Corporation Trust Company.


 


ARTICLE
III

PURPOSE


 


The purpose of the Corporation
is to engage in any lawful act or activity for which corporations may now or hereafter be organized under the General Corporation Law
of the State of Delaware (the “DGCL”).


 


ARTICLE
IV

CAPITAL STOCK


 


The total number of shares of
all classes of capital stock that the Corporation shall have authority to issue is three billion, one hundred million (3,100,000,000),
which shall be divided into two classes as follows:


 






    


     


    

 


three billion (3,000,000,000)
shares of common stock, par value $0.0001 per share (“Common Stock”); and


 


one hundred million (100,000,000)
shares of preferred stock, par value $0.0001 per share (“Preferred Stock”).


 


I.                  
Capital Stock.


 


A.               
The board of directors of the Corporation (the “Board of Directors”) is hereby expressly authorized, by resolution
or resolutions, at any time and from time to time, to provide, out of the unissued shares of Preferred Stock, for one or more series of
Preferred Stock and, with respect to each such series, to fix, without further stockholder approval, the number of shares constituting
such series and the designation of such series, the powers (including voting powers), preferences and relative, participating, optional
and other special rights, and the qualifications, limitations or restrictions thereof, of such series of Preferred Stock. The powers (including
voting powers), preferences and relative, participating, optional and other special rights of, and the qualifications, limitations or
restrictions thereof, of each series of Preferred Stock, if any, may differ from those of any and all other series at any time outstanding.


 


B.                
Each holder of record of Common Stock, as such, shall be entitled to one vote for each share of Common Stock held of record by
such holder on all matters on which stockholders are entitled to vote generally, including the election or removal of directors. Except
as otherwise required by law, holders of Common Stock shall not be entitled to vote on any amendment to this Certificate of Incorporation
(including any certificate of designation relating to any series of Preferred Stock) that relates solely to the terms of one or more outstanding
series of Preferred Stock if the holders of such affected series are entitled, either separately or together with the holders of one or
more other such series, to vote thereon pursuant to this Certificate of Incorporation (including any certificate of designation relating
to any series of Preferred Stock) or pursuant to the DGCL.


 


C.                
Except as otherwise required by law, holders of any series of Preferred Stock shall be entitled to only such voting rights, if
any, as shall expressly be granted thereto by this Certificate of Incorporation (including any certificate of designation relating to
such series of Preferred Stock).


 


D.                
Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock or any class or series
of capital stock having a preference over or the right to participate with the Common Stock with respect to the payment of dividends and
other distributions in cash, property or shares of capital stock of the Corporation, dividends and other distributions may be declared
and paid ratably on the Common Stock out of the assets of the Corporation that are legally available for this purpose at such times and
in such amounts as the Board of Directors in its discretion shall determine.


 


E.                  Upon
the dissolution, liquidation or winding up of the Corporation, after payment or provision for payment of the debts and other
liabilities of the Corporation and subject to the rights, if any, of the holders of any outstanding series of Preferred Stock or any
class or series of capital stock having a preference over or the right to participate with the Common Stock with respect to the
distribution of assets of the Corporation upon such dissolution, liquidation or winding up of the Corporation, the holders of Common
Stock shall be entitled to receive the remaining assets of the Corporation available for distribution to its stockholders ratably in
proportion to the number of shares held by them.


 






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F.                 
The number of authorized shares of Common Stock or Preferred Stock may be increased or decreased (but not below the number of shares
thereof then outstanding) by the affirmative vote of the holders of a majority in voting power of the capital stock of the Corporation
entitled to vote thereon irrespective of the provisions of Section 242(b)(2) of the DGCL (or any successor provision thereto), and no
vote of the holders of any of the Common Stock or the Preferred Stock voting separately as a class shall be required therefor, unless
a vote of any such holder is required pursuant to this Certificate of Incorporation (including any certificate of designation relating
to any series of Preferred Stock).


 


ARTICLE
V

AMENDMENT OF THE CERTIFICATE OF INCORPORATION AND BYLAWS


 


A.                
Notwithstanding anything contained in this Certificate of Incorporation or any provision of law that might otherwise permit a lesser
vote of the stockholders, in addition to any vote required by applicable law or this Certificate of Incorporation (including any certificate
of designation relating to any series of Preferred Stock), any amendment, alteration, repeal or rescission, in whole or in part, of the
following provisions in this Certificate of Incorporation (or the adoption of any provision inconsistent therewith or herewith) shall
require the affirmative vote of the holders of at least 66 2/3% in voting power of all the then outstanding shares of capital stock
of the Corporation entitled to vote thereon, voting together as a single class: this Article V, Article VI, Article VII, Article VIII
and Article IX.


 


B.                
The Board of Directors is expressly authorized to make, alter, amend, change, add to, rescind or repeal, in whole or in part, the
bylaws of the Corporation (as in effect from time to time, the “Bylaws”) without the assent or vote of the stockholders
in any manner not inconsistent with the laws of the State of Delaware or this Certificate of Incorporation. Notwithstanding anything contained
in this Certificate of Incorporation or any provision of law that might otherwise permit a lesser vote of the stockholders, in addition
to any vote of the holders of any class or series of capital stock of the Corporation required herein (including any certificate of designation
relating to any series of Preferred Stock), by the Bylaws or by applicable law, the affirmative vote of the holders of at least 66 2/3%
in voting power of all the then outstanding shares of capital stock of the Corporation entitled to vote thereon, voting together as a
single class, shall be required in order for the stockholders of the Corporation to amend, alter, rescind, change, add or repeal, in whole
or in part, any provision of the Bylaws or to adopt any provision inconsistent therewith.


 


ARTICLE
VI

BOARD OF DIRECTORS


 


A.                 Except
as otherwise provided in this Certificate of Incorporation or the DGCL, the business and affairs of the Corporation shall be managed
by or under the direction of the Board of Directors. Except as otherwise provided for or fixed pursuant to the provisions of Article
IV (including any certificate of designation with respect to any series of Preferred Stock) and this Article VI relating to the
rights of the holders of any series of Preferred Stock, voting separately as a series or together with one or more such other
series, as the case may be, to elect additional directors (any such directors, the “Preferred Directors”), the
total number of directors shall be determined from time to time exclusively by resolution adopted by the Board of Directors. The
directors (other than any Preferred Directors) shall be initially divided into three classes designated Class I, Class II and Class
III. Each class shall consist, as nearly as possible, of one-third of the total number of such directors. Class I directors shall
initially serve for a term expiring at the first annual meeting of stockholders of the Corporation following the date the Common
Stock is first publicly traded (the “IPO Date”), Class II directors shall initially serve for a term expiring at
the second annual meeting of stockholders following the IPO Date and Class III directors shall initially serve for a term expiring
at the third annual meeting of stockholders following the IPO Date. Directors of each class shall hold office until the annual
meeting at which his or her term expires and until his or her successor shall be elected and qualified, or his or her earlier death,
resignation, retirement, disqualification or removal from office. At the 2022 annual meeting of stockholders, the directors whose
terms expire at that meeting shall be elected to hold office for a two-year term expiring at the 2024 annual meeting of stockholders
and until their respective successors shall have been duly elected and qualified or until their earlier death, resignation,
retirement, disqualification or removal; at the 2023 annual meeting of stockholders, the directors whose terms expire at such
meeting shall be elected to hold office for a one-year term expiring at the 2024 annual meeting of stockholders and until their
respective successors shall have been duly elected and qualified or until their earlier death, resignation, retirement,
disqualification or removal; and at the 2024 annual meeting of stockholders and each annual meeting of stockholders thereafter, all
directors (other than any Preferred Directors) shall be elected to hold office for a one-year term expiring at the next annual
meeting of stockholders and until their respective successors shall have been duly elected and qualified or until their earlier
death, resignation, retirement, disqualification or removal. Pursuant to such procedures, effective as of the final adjournment of
the 2024 annual meeting of stockholders (the “Declassification Time”), the Board of Directors will no longer be
divided into classes under Section 141(d) of the DGCL, and all directors (other than any Preferred Directors) shall be elected at
each annual meeting of stockholders for a term of one year. Prior to the Declassification Time, if the total number of directors
divided into classes is changed, any increase or decrease shall be apportioned among the classes so as to maintain the number of
directors in each class as nearly equal as possible. Any such director shall hold office until the annual meeting at which his or
her term expires and until his or her successor shall be elected and qualified, or his or her earlier death, resignation,
retirement, disqualification or removal from office. The Board of Directors is authorized to assign members of the Board of
Directors already in office to their respective classes at the time the Board of Directors is classified pursuant hereto.


 






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B.                Subject
to the rights granted to the holders of any one or more series of Preferred Stock then outstanding, any newly-created directorship on
the Board of Directors that results from an increase in the total number of directors and any vacancy occurring in the Board of Directors
(whether by death, resignation, retirement, disqualification, removal or other cause) shall be filled only by a majority of the directors
then in office, although less than a quorum, or by a sole remaining director (and not by stockholders). In no case shall a decrease in
the total number of directors remove or shorten the term of any incumbent director. Any director elected to fill a vacancy or newly created
directorship shall hold office until the next election of the class for which such director shall have been chosen (or, if the Board
of Directors is not then divided into classes, the next annual meeting of stockholders) and until his or her successor shall be elected
and qualified, or until his or her earlier death, resignation, retirement, disqualification or removal.


 


C.                 Until the Declassification Time, any director (other than any Preferred Director) may be removed only for cause and only by the
affirmative vote of the holders of at least 66 2/3% in voting power of all the then outstanding shares of capital stock of the Corporation
entitled to vote thereon, voting together as a single class. From and after the Declassification Time, any director (other than any Preferred
Director) may be removed with or without cause and only by the affirmative vote of the holders of at least 66 2/3% in voting power
of all the then outstanding shares of capital stock of the Corporation entitled to vote thereon, voting together as a single class.


 


D.                
Elections of directors need not be by written ballot unless the Bylaws shall so provide.


 


E.                 
During any period when the holders of any series of Preferred Stock, voting separately as a series or together with one or more
other such series, have the right to elect additional directors pursuant to the provisions of this Certificate of Incorporation (including
any certificate of designation with respect to any series of Preferred Stock) in respect of such series, then upon commencement and for
the duration of the period during which such right continues: (i) the then otherwise total authorized number of directors of the Corporation
shall automatically be increased by such specified number of directors, and the holders of such series of Preferred Stock shall be entitled
to elect the additional directors so provided for or fixed pursuant to said provisions, and (ii) each such additional director shall serve
until such director’s successor shall have been duly elected and qualified, or until such director’s right to hold such office
terminates pursuant to said provisions, whichever occurs earlier, subject to his or her earlier death, resignation, retirement, disqualification
or removal. Except as otherwise provided by the Board of Directors in the resolution or resolutions establishing such series, whenever
the holders of any series of Preferred Stock having such right to elect additional directors are divested of such right pursuant to the
provisions of such capital stock, the terms of office of all such additional directors elected by the holders of such capital stock, or
elected to fill any vacancies resulting from the death, resignation, disqualification or removal of such additional directors, shall forthwith
terminate (in which case each such director thereupon shall cease to be qualified as, and shall cease to be, a director) and the total
authorized number of directors of the Corporation shall automatically be reduced accordingly. Any Preferred Director may be removed from
office in the manner provided herein and applicable law.


 


ARTICLE
VII

LIMITATION OF DIRECTOR LIABILITY


 


A.               
To the fullest extent permitted by the DGCL as it now exists or may hereafter be amended, a director of the Corporation shall not
be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty owed to the Corporation
or its stockholders.


 


B.                  Neither
the amendment nor repeal of this Article VII, nor the adoption of any provision of this Certificate of Incorporation, nor, to the
fullest extent permitted by the DGCL, any modification of law shall eliminate, reduce or otherwise adversely affect any right or
protection of a current or former director of the Corporation with respect to acts or omissions occurring prior to the time of such
amendment, repeal, adoption or modification.


 






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ARTICLE
VIII

CONSENT OF STOCKHOLDERS IN LIEU OF MEETING, ANNUAL AND SPECIAL MEETINGs OF STOCKHOLDERS


 


A.               
Any action required or permitted to be taken by the stockholders of the Corporation must be effected at a duly called annual or
special meeting of such holders and may not be effected by any consent of stockholders in lieu of a meeting; provided, however,
that any action required or permitted to be taken by the holders of Preferred Stock, voting separately as a series or separately as a
class with one or more other such series, may be taken without a meeting, without prior notice and without a vote, to the extent expressly
so provided by the applicable certificate of designation relating to such series of Preferred Stock.


 


B.                
Except as otherwise required by law and subject to the rights of the holders of any series of Preferred Stock, special meetings
of the stockholders of the Corporation for any purpose or purposes may be called at any time only by or at the direction of the Board
of Directors or the Chairman of the Board of Directors.


 


C.                
An annual meeting of stockholders for the election of directors to succeed those whose terms expire and for the transaction of
such other business as may properly come before the meeting, shall be held at such place, if any, on such date, and at such time as shall
be fixed exclusively by resolution of the Board of Directors or a duly authorized committee thereof.


 


ARTICLE
IX

COMPETITION AND CORPORATE OPPORTUNITIES 


 


A.               
In recognition and anticipation that members of the Board of Directors who are not employees of the Corporation (“Non-Employee
Directors”) and their respective Affiliates (as defined below) may now engage and may continue to engage in the same or similar
activities or related lines of business as those in which the Corporation, directly or indirectly, may engage and/or other business activities
that overlap with or compete with those in which the Corporation, directly or indirectly, may engage, the provisions of this Article IX
are set forth to regulate and define the conduct of certain affairs of the Corporation with respect to certain classes or categories of
business opportunities as they may involve the Non-Employee Directors or their respective Affiliates and the powers, rights, duties and
liabilities of the Corporation and its directors, officers and stockholders in connection therewith.


 


B.                 None
of any Non-Employee Director (including any Non-Employee Director who serves as an officer of the Corporation in both their director
and officer capacities) or their Affiliates (the Persons (as defined below) being referred to, collectively, as “Identified
Persons” and, individually, as an “Identified Person”) shall, to the fullest extent permitted by law,
have any duty to refrain from directly or indirectly (1) engaging in the same or similar business activities or lines of business in
which the Corporation or any of its Affiliates now engages or proposes to engage or (2) otherwise competing with the Corporation or
any of its Affiliates, and, to the fullest extent permitted by law, no Identified Person shall be liable to the Corporation or its
stockholders or to any Affiliate of the Corporation for breach of any fiduciary duty solely by reason of the fact that such
Identified Person engages in any such activities. To the fullest extent permitted from time to time by the laws of the State of
Delaware, the Corporation hereby renounces any interest or expectancy in, or right to be offered an opportunity to participate in,
any business opportunity that may be a corporate opportunity for an Identified Person and the Corporation or any of its Affiliates,
except as provided in Section (C) of this Article IX. Subject to said Section (C) of this Article IX, in the event that any
Identified Person acquires knowledge of a potential transaction or other business opportunity that may be a corporate opportunity
for itself, herself or himself, or any of its or his or her Affiliates, and the Corporation or any of its Affiliates, such
Identified Person shall, to the fullest extent permitted by law, have no duty to communicate or offer such transaction or other
business opportunity to the Corporation or any of its Affiliates and, to the fullest extent permitted by law, shall not be liable to
the Corporation or its stockholders or to any Affiliate of the Corporation for breach of any fiduciary duty as a stockholder,
director or officer of the Corporation solely by reason of the fact that such Identified Person pursues or acquires such corporate
opportunity for itself, herself or himself, or offers or directs such corporate opportunity to another Person.


 






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C.                
The Corporation does not renounce its interest in any corporate opportunity offered to any Non-Employee Director (including any
Non-Employee Director who serves as an officer of the Corporation) if such opportunity is expressly offered to such person solely in his
or her capacity as a director or officer of the Corporation, and the provisions of Section (B) of this Article IX shall not apply to any
such corporate opportunity.


 


D.                
In addition to and notwithstanding the foregoing provisions of this Article IX, a corporate opportunity shall not be deemed to
be a potential corporate opportunity for the Corporation if it is a business opportunity that (i) the Corporation is neither financially
or legally able, nor contractually permitted to undertake, (ii) from its nature, is not in the line of the Corporation’s business
or is of no practical advantage to the Corporation or (iii) is one in which the Corporation has no interest or reasonable expectancy.


 


E.                  
For purposes of this Article IX, (i) “Affiliate” shall mean (a) in respect of a Non-Employee Director, any Person
that, directly or indirectly, is controlled by such Non-Employee Director (other than the Corporation and any entity that is controlled
by the Corporation) and (b) in respect of the Corporation, any Person that, directly or indirectly, is controlled by the Corporation;
and (ii) “Person” shall mean any individual, corporation, general or limited partnership, limited liability company,
joint venture, trust, association or any other entity.


 


F.                 
To the fullest extent permitted by law, any Person purchasing or otherwise acquiring any interest in any shares of capital stock
of the Corporation shall be deemed to have notice of and to have consented to the provisions of this Article IX.


 


ARTICLE
X 


MISCELLANEOUS


 


(A)       If
any provision or provisions of this Certificate of Incorporation shall be held to be invalid, illegal or unenforceable as applied to
any circumstance for any reason whatsoever: (i) the validity, legality and enforceability of such provisions in any other
circumstance and of the remaining provisions of this Certificate of Incorporation (including, without limitation, each portion of
any paragraph of this Certificate of Incorporation containing any such provision held to be invalid, illegal or unenforceable that
is not itself held to be invalid, illegal or unenforceable) shall not, to the fullest extent permitted by law, in any way be
affected or impaired thereby and (ii) to the fullest extent permitted by law, the provisions of this Certificate of Incorporation
(including, without limitation, each such portion of any paragraph of this Certificate of Incorporation containing any such
provision held to be invalid, illegal or unenforceable) shall be construed so as to permit the Corporation to protect its directors,
officers, employees and agents from personal liability in respect of their good faith service to or for the benefit of the
Corporation to the fullest extent permitted by law.


 


(B)       Unless
the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall, to
the fullest extent permitted by law, be the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of
the Corporation, (ii) any action asserting a claim of breach of a fiduciary duty owed by any current or former director, officer, employee
or stockholder of the Corporation to the Corporation or the Corporation’s stockholders, (iii) any action asserting a claim against
the Corporation or any current or former director, officer, employee or stockholder of the Corporation arising pursuant to any provision
of the DGCL or this Certificate of Incorporation or the Bylaws (as either may be amended and/or restated from time to time), or (iv) any
action asserting a claim governed by the internal affairs doctrine of the law of the State of Delaware. Unless the Corporation consents
in writing to the selection of an alternative forum, to the fullest extent permitted by law, the federal district courts of the United
States of America will be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the federal
securities laws of the United States of America. To the fullest extent permitted by law, any person purchasing or otherwise acquiring
or holding any interest in shares of capital stock of the Corporation shall be deemed to have notice of and provided consent to the provisions
of this Article X(B).


 


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IN WITNESS WHEREOF, Bright
Health Group, Inc. has caused this Ninth Amended and Restated Certificate of Incorporation to be executed by its duly authorized officer
on this 28th day of June, 2021.


 


	 	Bright
    Health Group, INC.
	 	 
	 	By:	 /s/ Keith Nelsen
	 	Name:	Keith Nelsen
	 	Title:	Secretary