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The Court having\n\nconsidered all matters submitted to it at the Settlement Hearing and otherwise; it appearing that:\n\n(i) the Notice of the Settlement Hearing was mailed to all Settlement Class Members who or which\n\ncould be identified with reasonable effort substantially in the form approved by the Court pursuant\n\nto the Order Preliminarily Approving Settlement and Providing for Notice entered on February 2,\n\n2026 (ECF No. 96), and (ii) a summary notice of the hearing substantially in the form approved\n\nby the Court was published in The Wall Street Journal and over PR Newswire pursuant to the\n\nspecifications of the Court; and the Court having considered and determined the fairness and\n\nreasonableness of the award of attorneys\u2019 fees and Litigation Expenses requested,\n\n NOW, THEREFORE, IT IS HEREBY ORDERED THAT:\n\n 1. This Order incorporates by reference the definitions in the Stipulation and Agreement of\n\n Settlement dated December 18, 2025 (ECF No. 94-2) (the \u201cStipulation\u201d), and all terms not\n\n otherwise defined herein shall have the same meanings as set forth in the Stipulation.\n\n 2. The Court has jurisdiction to enter this Order and over the subject matter of the Action and\n\n all parties to the Action, including all Settlement Class Members.\n\n 3. Notice of Lead Counsel\u2019s motion for attorneys\u2019 fees and Litigation Expenses was given to\n\n all Settlement Class Members who could be identified with reasonable effort. The form and\n\f Case 2:23-cv-04104-MRP Document 104 Filed 06/10/26 Page 2 of 4\n\n\n\n\n method of notifying the Settlement Class of the request for attorneys\u2019 fees and expenses\n\n satisfied the requirements of Rule 23, the Private Securities Litigation Reform Act of 1995,\n\n 15 U.S.C. \u00a7 78u-4(a)(7), due process, and all other applicable law and rules, constituted the\n\n best notice practicable under the circumstances, and constituted due and sufficient notice to\n\n all persons and entities entitled thereto.\n\n4. Lead Plaintiffs\u2019 Counsel are hereby awarded attorneys\u2019 fees in the amount of 25% of the\n\n Settlement Fund, or $8,750,000, plus interest earned at the same rate as the Settlement\n\n Fund. Lead Plaintiffs\u2019 Counsel are also hereby awarded $191,222.40 for payment of their\n\n litigation expenses. These attorneys\u2019 fees and expenses shall be paid from the Settlement\n\n Fund, and the Court finds these sums to be fair and reasonable. Lead Counsel shall allocate\n\n the attorneys\u2019 fees awarded among Lead Plaintiffs\u2019 Counsel in a manner which it, in good\n\n faith, believes reflects the contributions of such counsel to the institution, prosecution, and\n\n settlement of the Action.\n\n5. In making this award of attorneys\u2019 fees and payment of litigation expenses from the\n\n Settlement Fund, the Court has considered and found that:\n\n a. The Settlement has created a fund of $35,000,000 in cash that has been funded into\n\n escrow pursuant to the terms of the Stipulation, and numerous Settlement Class\n\n Members who submit acceptable Claim Forms will benefit from the Settlement\n\n achieved through the efforts of Lead Plaintiffs\u2019 Counsel;\n\n b. The requested fee has been reviewed and approved as reasonable by Lead Plaintiffs,\n\n who are sophisticated institutional investors that actively supervised the Action;\n\n c. Copies of the Notice were mailed to over 63,000 potential Settlement Class Members\n\n and nominees stating that Lead Counsel would apply for attorneys\u2019 fees in an amount\n\f Case 2:23-cv-04104-MRP Document 104 Filed 06/10/26 Page 3 of 4\n\n\n\n\n not to exceed 25% of the Settlement Fund and payment of Litigation Expenses in an\n\n amount not to exceed $350,000, and no objections to the requested award of\n\n attorneys\u2019 fees or Litigation Expenses were submitted;\n\n d. Lead Counsel conducted the litigation and achieved the Settlement with skill,\n\n perseverance, and diligent advocacy;\n\n e. The Action raised a number of complex issues;\n\n f. Had Lead Counsel not achieved the Settlement there would remain a significant risk\n\n that Lead Plaintiffs and the other members of the Settlement Class may have\n\n recovered less or nothing from Defendants;\n\n g. Lead Plaintiffs\u2019 Counsel devoted over 3,600 hours, with a lodestar value of\n\n approximately $3.3 million, to achieve the Settlement; and\n\n h. The amount of attorneys\u2019 fees awarded and expenses to be paid from the Settlement\n\n Fund are fair and reasonable and consistent with awards in similar cases.\n\n6. Lead Plaintiff Allegheny County Employees\u2019 Retirement System is hereby awarded\n\n $5,730.80 from the Settlement Fund for its reasonable costs and expenses directly related to\n\n its representation of the Settlement Class.\n\n7. Lead Plaintiff International Union of Operating Engineers, Local No. 793, Members\n\n Pension Benefit Trust of Ontario is hereby awarded $28,140.00 from the Settlement Fund\n\n for its reasonable costs and expenses directly related to its representation of the Settlement\n\n Class.\n\n8. Lead Plaintiff City of Tallahassee Pension Plan is hereby awarded $7,337.50 from the\n\n Settlement Fund for its reasonable costs and expenses directly related to its representation\n\n of the Settlement Class.\n\f Case 2:23-cv-04104-MRP Document 104 Filed 06/10/26 Page 4 of 4\n\n\n\n\n9. Any appeal or any challenge affecting this Court\u2019s approval regarding any attorneys\u2019 fees\n\n and expense application shall in no way disturb or affect the finality of the Judgment.\n\n10. Exclusive jurisdiction is hereby retained over the Parties and the Settlement Class Members\n\n for all matters relating to this Action, including the administration, interpretation,\n\n effectuation, or enforcement of the Stipulation and this Order.\n\n11. In the event that the Settlement is terminated or the Effective Date of the Settlement\n\n otherwise fails to occur, this Order shall be rendered null and void to the extent provided by\n\n the Stipulation.\n\n12. There is no just reason for delay in the entry of this Order, and immediate entry by the\n\n Clerk of Court is expressly directed.\n\n\n\n SO ORDERED this 10th day of June, 2026.\n\n\n BY THE COURT:\n\n\n\n\n ______________________________\n Hon. Mia R. 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THE COURT HAVING CONSIDERED ALL MATTERS SUBMITTED TO IT AT THE SETTLEMENT HEARING AND OTHERWISE; IT APPEARING THAT: (I)THE NOTICE OF THE SETTLEMENT HEARING WAS MAILED TO ALL SETTLEMENT CLASS MEMBERS WHO OR WHICH COULD BE IDENTIFIED WITH REASONABLE EFFORT SUBSTANTIALLY IN THE FORM APPROVED BY THE COURT PURSUANT TO THE ORDER PRELIMINARILY APPROVING SETTLEMENT AND PROVIDING FOR NOTICE ENTERED ON FEBRUARY 2, 2026 (ECF NO. 96), AND (II) A SUMMARY NOTICE OF THE HEARING SUBSTANTIALLY IN THE FORM APPROVED BY THE COURT WAS PUBLISHED IN THE WALL STREET JOURNAL AND OVER PR NEWSWIRE PURSUANT TO THE SPECIFICATIONS OF THE COURT; AND THE COURT HAVING CONSIDERED AND DETERMINED THE FAIRNESS AND REASONABLENESS OF THE AWARD OF ATTORNEYS FEES AND LITIGATION EXPENSES REQUESTED; AS OUTLINED HEREIN.. 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THE COURT HAVING CONSIDERED ALL MATTERS SUBMITTED TO IT AT THE SETTLEMENT HEARING AND OTHERWISE; IT APPEARING THAT: (I) THE NOTICE OF THE SETTLEMENT HEARING (WHICH INCLUDED A SUMMARY OF THE SETTLEMENT AS WELL AS THE FULL TEXT OF THE PROPOSED PLAN OF ALLOCATION) (THE NOTICE) WAS MAILED TO ALL SETTLEMENT CLASS MEMBERS WHO OR WHICH COULD BE IDENTIFIED WITH REASONABLE EFFORT SUBSTANTIALLY IN THE FORM APPROVED BY THE COURT PURSUANT TO THE ORDER PRELIMINARILY APPROVING SETTLEMENT AND PROVIDING FOR NOTICE ENTERED ON FEBRUARY 2, 2026 (ECF NO. 96), AND (II) A SUMMARY NOTICE OF THE HEARING SUBSTANTIALLY IN THE FORM APPROVED BY THE COURT WAS PUBLISHED IN THE WALL STREET JOURNAL AND OVER PR NEWSWIRE PURSUANT TO THE SPECIFICATIONS OF THE COURT; AND THE COURT HAVING CONSIDERED AND DETERMINED THE FAIRNESS AND REASONABLENESS OF THE PROPOSED PLAN OF ALLOCATION; AS OUTLINED HEREIN.. 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(Attachments: # 1 Exhibit 1 - Supplemental Marquez Declaration, # 2 Exhibit 2 - [Proposed] Final Judgment, # 3 Exhibit 3 - [Proposed] Order Approving Plan of Allocation, # 4 Exhibit 4 - [Proposed] Order Awarding Fees & Expenses)(SINDERSON, KATHERINE) (Entered: 05/06/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/462715700/","id":462715700,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/477836631/","id":477836631,"tags":[],"absolute_url":"/docket/67911036/101/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-05-01T13:13:31.965214-07:00","date_modified":"2026-05-01T13:13:31.971728-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"101","attachment_number":null,"pacer_doc_id":"153023794306","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Notice (Other)","acms_document_guid":""}],"date_created":"2026-05-01T13:13:31.923446-07:00","date_modified":"2026-10-20T06:53:46.228716-07:00","date_filed":"2026-05-01","time_filed":"15:33:48","entry_number":101,"recap_sequence_number":"2026-05-01.001","pacer_sequence_number":457,"description":"NOTICE by ADAPTHEALTH CORP., RICHARD BARASCH, RODNEY CARSON, JASON A. CLEMENS, TERENCE CONNORS, BRADLEY COPPENS, STEPHEN P. GRIGGS, LUKE MCGEE, FRANK J. MULLEN, JOSHUA PARNES, ALAN QUASHA, SHAW RIETKERK, WENDY RUSSALESI, SUSAN WEAVER, DAVID S. WILLIAMS, III, DALE WOLF (Attachments: # 1 Declaration of Zeh S. Ekono, # 2 Exhibit A - CAFA Notice)(Ekono, Zeh) (Entered: 05/01/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/462557691/","id":462557691,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/477675375/","id":477675375,"tags":[],"absolute_url":"","date_created":"2026-04-30T12:53:38.356643-07:00","date_modified":"2026-04-30T12:53:38.364098-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Set/Reset Hearings","acms_document_guid":""}],"date_created":"2026-04-30T12:53:38.339613-07:00","date_modified":"2026-04-30T12:53:38.339628-07:00","date_filed":"2026-04-30","time_filed":"15:39:34","entry_number":null,"recap_sequence_number":"2026-04-30.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/460140628/","id":460140628,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/475189761/","id":475189761,"tags":[],"absolute_url":"/docket/67911036/100/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-04-08T14:31:59.535277-07:00","date_modified":"2026-06-23T05:41:09.980116-07:00","sha1":"647f57694d7b357e8f259f5806bbfde06d5baa02","page_count":43,"file_size":201629,"filepath_local":"recap/gov.uscourts.paed.614970/gov.uscourts.paed.614970.100.0.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.paed.614970/gov.uscourts.paed.614970.100.0.pdf","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":" Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 1 of 43\n\n\n\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\nIn re AdaptHealth Corp. Securities Litigation Case No. 2:23-cv-04104-MRP\n\n\n\n\n DECLARATION OF KATHERINE M. SINDERSON IN SUPPORT OF\n (I) LEAD PLAINTIFFS\u2019 MOTION FOR FINAL APPROVAL OF SETTLEMENT\n AND PLAN OF ALLOCATION, AND (II) LEAD COUNSEL\u2019S\n MOTION FOR ATTORNEYS\u2019 FEES AND LITIGATION EXPENSES\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 2 of 43\n\n\n\n\n TABLE OF CONTENTS\n\n Page\n\nI. INTRODUCTION .............................................................................................................. 1\n\nII. HISTORY OF THE ACTION ............................................................................................ 6\n\n Background and the Claims Asserted ..................................................................... 6\n\n The Commencement of the Action and the Appointment of Lead Plaintiffs\n and Lead Counsel .................................................................................................... 7\n\n The Investigation and Filing of the Complaint ....................................................... 7\n\n Defendants\u2019 Motion to Dismiss .............................................................................. 9\n\n Work with Experts ................................................................................................ 10\n\n The Settling Parties\u2019 Mediation Efforts and Settlement of the Action ................. 11\n\n The Court Grants Preliminary Approval of the Settlement .................................. 12\n\nIII. RISKS OF CONTINUED LITIGATION ......................................................................... 13\n\n A. General Risks in Prosecuting Securities Class Actions ........................................ 14\n\n B. Specific Risks Concerning this Action ................................................................. 16\n\n 1. Risks Concerning Liability ....................................................................... 17\n\n 2. Risks Concerning Loss Causation and Damages ...................................... 19\n\n 3. Risks Related to Class Certification ......................................................... 21\n\n 4. Ability-to-Pay Risks.................................................................................. 22\n\n C. The Settlement Amount Compared to the Likely Maximum Damages that\n Could Be Proved at Trial ...................................................................................... 22\n\nIV. LEAD PLAINTIFFS\u2019 COMPLIANCE WITH THE COURT\u2019S PRELIMINARY\n APPROVAL ORDER REQUIRING ISSUANCE OF NOTICE...................................... 24\n\nV. THE PROPOSED PLAN OF ALLOCATION OF THE PROCEEDS OF THE\n SETTLEMENT ................................................................................................................. 26\n\nVI. THE FEE AND EXPENSE APPLICATION ................................................................... 29\n\n The Fee Application .............................................................................................. 30\n\n\n i\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 3 of 43\n\n\n\n\n 1. Lead Plaintiffs Have Authorized and Support the Fee Application ......... 31\n\n 2. The Time and Labor of Lead Plaintiffs\u2019 Counsel ..................................... 31\n\n 3. The Skill and Experience of Lead Plaintiffs\u2019 Counsel.............................. 33\n\n 4. Standing and Caliber of Defendants\u2019 Counsel .......................................... 33\n\n 5. The Risks of Litigation and the Need to Ensure the Availability of\n Competent Counsel in High-Risk Contingent Cases ................................ 33\n\n 6. The Reaction of the Settlement Class to the Fee Application .................. 35\n\n The Litigation Expense Application ..................................................................... 35\n\nVII. CONCLUSION ................................................................................................................. 38\n\n\n\n\n ii\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 4 of 43\n\n\n\n\n TABLE OF EXHIBITS\n\nExhibit 1 Declaration of David M. Murphy in Support of Lead Plaintiffs\u2019 Motion for Final\n Approval of Settlement\n\nExhibit 2 Declaration of Walter Szymanski, Administrative Officer of the Allegheny County\n Employees\u2019 Retirement System, in Support of (I) Lead Plaintiffs\u2019 Motion for Final\n Approval of Settlement and Plan of Allocation; and (II) Lead Counsel\u2019s Motion for\n Attorneys\u2019 Fees and Litigation Expenses\n\nExhibit 3 Declaration of Virgil Nos\u00e8, on Behalf of International Union of Operating\n Engineers, Local No. 793, Members Pension Benefit Trust of Ontario, in Support\n of (I) Lead Plaintiffs\u2019 Motion for Final Approval of Settlement and Plan of\n Allocation; and (II) Lead Counsel\u2019s Motion for Attorneys\u2019 Fees and Litigation\n Expenses\n\nExhibit 4 Declaration of Amy M. Toman, on Behalf of the City of Tallahassee Pension Plan,\n in Support of (I) Lead Plaintiffs\u2019 Motion for Final Approval of Settlement and Plan\n of Allocation; and (II) Lead Counsel\u2019s Motion for Attorneys\u2019 Fees and Litigation\n Expenses\n\nExhibit 5 CORNERSTONE RESEARCH, SECURITIES CLASS ACTION FILINGS: 2025 YEAR IN\n REVIEW (2026)\n\nExhibit 6 CORNERSTONE RESEARCH, SECURITIES CLASS ACTION SETTLEMENTS: 2025 REVIEW\n AND ANALYSIS (2026)\n\nExhibit 7 Declaration of Lindsey Marquez of Kroll Settlement Administration LLC\n Regarding: (A) Mailing of the Notice and Claim Form; (B) Publication of the\n Summary Notice; and (C) Report on Requests for Exclusion Received to Date\n\nExhibit 8 Summary of Lead Plaintiffs\u2019 Counsel\u2019s Hours, Lodestar, and Expenses\n\n Exhibit 8A Declaration of Katherine M. Sinderson in Support of Lead\n Counsel\u2019s Motion for Attorneys\u2019 Fees and Litigation Expenses on\n Behalf of Bernstein Litowitz Berger & Grossmann LLP\n\n Exhibit 8B Declaration of D. Seamus Kaskela in Support of Lead Counsel\u2019s\n Motion for Attorneys\u2019 Fees and Litigation Expenses on Behalf of\n Kaskela Law LLC\n\n Exhibit 8C Declaration of Mark Zigler in Support of Lead Counsel\u2019s Motion for\n Attorneys\u2019 Fees and Litigation Expenses on Behalf of Koskie\n Minsky LLP\n\nExhibit 9 Breakdown of Lead Plaintiffs\u2019 Counsel\u2019s Expenses by Category\n\nExhibit 10 Compendium of Unpublished Opinions and Authority Cited in Fee Memorandum\n\n\n iii\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 5 of 43\n\n\n\n\n I, KATHERINE M. SINDERSON, declare as follows:\n\n 1. I am an attorney admitted pro hac vice to this Court. I am a partner in the law firm\n\nof Bernstein Litowitz Berger & Grossmann LLP (\u201cBLB&G\u201d or \u201cLead Counsel\u201d). BLB&G serves\n\nas Lead Counsel for Lead Plaintiffs Allegheny County Employees\u2019 Retirement System\n\n(\u201cACERS\u201d), International Union of Operating Engineers, Local No. 793, Members Pension\n\nBenefit Trust of Ontario (\u201cLocal 793\u201d), and City of Tallahassee Pension Plan (\u201cTallahassee,\u201d and,\n\ncollectively, \u201cLead Plaintiffs\u201d), and as Lead Counsel for the Settlement Class in the above-\n\ncaptioned action (the \u201cAction\u201d). I submit this declaration in support of Lead Plaintiffs\u2019 Motion for\n\nFinal Approval of Settlement and Plan of Allocation (the \u201cSettlement Motion\u201d), and Lead\n\nCounsel\u2019s Motion for Attorneys\u2019 Fees and Litigation Expenses (the \u201cFee Motion\u201d). I have personal\n\nknowledge of the matters set forth herein based on my active participation in the prosecution and\n\nsettlement of this action and could and would testify competently thereto.1\n\nI. INTRODUCTION\n\n 2. The proposed Settlement before the Court provides for the resolution of all claims\n\nin the Action in exchange for a cash payment of $35,000,000, plus interest, for the benefit of the\n\nSettlement Class. The Settlement Amount has been paid into an escrow account and is earning\n\n\n\n1\n All capitalized terms that are not otherwise defined herein shall have the meanings provided in\nthe Stipulation and Agreement of Settlement dated December 18, 2025 (ECF No. 94-2) (the\n\u201cStipulation\u201d), which was entered into by and among (i) Lead Plaintiffs, on behalf of themselves\nand the Settlement Class, and (ii) Defendants AdaptHealth Corp. (\u201cAdaptHealth\u201d or the\n\u201cCompany\u201d), Luke McGee, Stephen P. Griggs, Joshua Parnes, Jason A. Clemens, Shaw Rietkerk,\nWendy Russalesi, Rodney Carson, Alan Quasha, Frank J. Mullen, Richard Barasch, Terence\nConnors, Dr. Susan Weaver, Dale Wolf, Bradley Coppens, and David S. Williams III (collectively,\nthe \u201cIndividual Defendants,\u201d and, together with AdaptHealth, the \u201cAdaptHealth Defendants\u201d), and\nDeutsche Bank Securities Inc., Jefferies LLC, BofA Securities, Inc., Truist Securities, Inc., Robert\nW. Baird & Co. Incorporated, RBC Capital Markets, LLC, Stifel, Nicolaus & Company,\nIncorporated, UBS Securities LLC, Canaccord Genuity LLC, and Leerink Partners LLC\n(collectively, the \u201cUnderwriter Defendants,\u201d and, together with the AdaptHealth Defendants,\n\u201cDefendants\u201d).\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 6 of 43\n\n\n\n\ninterest. As detailed below, the Settlement provides a significant and immediate benefit to the\n\nSettlement Class by conferring a substantial, certain, and near-term recovery while avoiding the\n\nconsiderable risks and uncertainties of continued litigation\u2014including the real possibility that the\n\nSettlement Class could recover nothing, or far less than the Settlement Amount, after years of\n\nadditional litigation, appeals, and delay.\n\n 3. The proposed Settlement is the result of extensive efforts by Lead Plaintiffs and\n\nLead Counsel over the past two years, which included, among other things:\n\n \uf0b7 conducting an extensive investigation into the alleged fraud, including interviews with\n over 90 potential witnesses, and a thorough review of publicly available information\n about the claims, including AdaptHealth\u2019s filings with the U.S. Securities and\n Exchange Commission (\u201cSEC\u201d), analyst reports, conference call transcripts, and news\n articles;\n\n \uf0b7 drafting the detailed 176-page Amended Class Action Complaint for Violations of the\n Federal Securities Laws (ECF No. 59) (the \u201cComplaint\u201d) based on Lead Counsel\u2019s\n extensive factual investigation;\n\n \uf0b7 opposing Defendants\u2019 motion to dismiss the Complaint;\n\n \uf0b7 preparing for a mediation session before David Murphy of Phillips ADR, including\n preparing a submission on potential damages;\n\n \uf0b7 engaging in vigorous arm\u2019s-length negotiations through Mr. Murphy; and\n\n \uf0b7 drafting and negotiating the Stipulation setting out the terms of the Settlement and\n related documentation.\n\n 4. As a result of these extensive efforts, Lead Plaintiffs and Lead Counsel were\n\nthoroughly informed of the strengths and weaknesses of the claims and defenses in the Action at\n\nthe time they achieved the proposed Settlement, including the risk that there might be no recovery\n\nat all. At the time of settlement, the Court had not yet decided Defendants\u2019 pending motion to\n\ndismiss, which could have resulted in a dismissal of the Complaint in its entirety without any\n\ndiscovery whatsoever. As discussed further below, even assuming that Lead Plaintiffs largely\n\nprevailed on that pending motion, Lead Plaintiffs would still have faced formidable risks in\n\n\n 2\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 7 of 43\n\n\n\n\nestablishing all elements of their claims through continued litigation, including falsity, scienter,\n\nloss causation, and damages. Defendants have vigorously denied that they made any false or\n\nmisleading statements and omissions or that they acted with scienter. Defendants argued, among\n\nother things, that the challenged financial figures were accurate, that the allegations in the\n\nComplaint were based on reports from a few low-level employees without access to the Individual\n\nDefendants, and that many of the challenged statements constituted inactionable puffery or\n\nopinion. In addition, Defendants contested Lead Plaintiffs\u2019 loss causation arguments and damages\n\ncalculations, claiming that the alleged corrective disclosures are not actionable because they did\n\nnot reveal any new information or were unrelated to the alleged fraud. If successful, those\n\narguments could have eliminated or substantially reduced the total potential recovery for the\n\nSettlement Class. In light of these significant risks of continued litigation, Lead Plaintiffs and Lead\n\nCounsel firmly believe that the proposed $35,000,000 Settlement represents a highly favorable\n\nresult for the Settlement Class.\n\n 5. The Settlement was achieved only after arm\u2019s-length negotiations which included\n\nan in-person mediation session with David Murphy of Phillips ADR Enterprises LLC on October\n\n8, 2025. In advance of the scheduled mediation, Lead Plaintiffs prepared and submitted a statement\n\nconcerning damages in the action. The Settling Parties then engaged in a day-long mediation and\n\nsubsequent discussions facilitated by Mr. Murphy before reaching an agreement. Mr. Murphy has\n\nsubmitted a declaration in support of the Settlement, which states that the Settlement \u201cwas the\n\nproduct of arm\u2019s-length, adversarial negotiation by seasoned, well-informed counsel.\u201d Declaration\n\nof David Murphy in Support of Lead Plaintiffs\u2019 Motion for Final Approval of Settlement (\u201cMurphy\n\nDecl.\u201d), attached hereto as Exhibit 1, at \u00b6 10.\n\n\n\n\n 3\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 8 of 43\n\n\n\n\n 6. Lead Plaintiffs endorse the Settlement. Lead Plaintiffs are institutional investors\n\nthat actively participated in the Action and closely monitored the work of Lead Counsel, and they\n\nfully endorse approval of the Settlement. See Declaration of Walter Szymanski on behalf of\n\nACERS, attached hereto as Exhibit 2 (\u201cSzymanski Decl.\u201d), at \u00b6\u00b6 3-6; Declaration of Virgil Nos\u00e8,\n\non behalf of Local 793, attached hereto as Exhibit 3 (\u201cNos\u00e8 Decl.\u201d), at \u00b6\u00b6 3-6; Declaration of Amy\n\nM. Toman, on behalf of Tallahassee (\u201cToman Decl.\u201d), \u00b6\u00b6 3-6. In enacting the Private Securities\n\nLitigation Reform Act of 1995 (the \u201cPSLRA\u201d), Congress expressly intended to give control over\n\nsecurities class actions to sophisticated institutional investors like Lead Plaintiffs and noted that\n\nincreasing the role of institutional investors in class actions would benefit shareholders and assist\n\ncourts by improving the quality of representation in this type of case. H.R. Conf. Rep. No. 104-\n\n369, at *34 (1995), reprinted in 1995 U.S.C.C.A.N. 730, 733. Accordingly, Lead Plaintiffs\u2019\n\napproval of the Settlement supports the reasonableness of the Settlement.\n\n 7. In sum, Lead Plaintiffs and Lead Counsel are well-informed of the strengths and\n\nweaknesses of the Action, and they believe that the Settlement is fair and reasonable and represents\n\na favorable outcome for the Settlement Class.\n\n 8. Lead Plaintiffs also request that the Court approve the proposed Plan of Allocation\n\nfor the settlement funds. As discussed in further detail below, the proposed Plan of Allocation,\n\nwhich was developed with the assistance of Lead Plaintiffs\u2019 damages expert, provides for the\n\nequitable distribution of the Net Settlement Fund to Settlement Class Members who submit Claim\n\nForms that are approved for payment by the Court. The proposed Plan of Allocation provides for\n\ndistribution to eligible claimants on a pro rata basis, based on losses attributable to the allegations\n\nin the Complaint.\n\n\n\n\n 4\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 9 of 43\n\n\n\n\n 9. Lead Counsel worked diligently and efficiently to achieve the proposed Settlement\n\nin the face of substantial risks. Lead Counsel and the other Lead Plaintiffs\u2019 Counsel, which\n\nincludes Kaskela Law LLC, liaison counsel for Lead Plaintiffs and the Settlement Class, and\n\nKoskie Minsky LLP, additional counsel for Lead Plaintiff Local 793 (collectively with Lead\n\nCounsel, \u201cLead Plaintiffs\u2019 Counsel\u201d) prosecuted this case on a fully contingent basis and advanced\n\nall litigation-related expenses, and thus bore the risk of an unfavorable result. Lead Counsel is\n\napplying for an award of attorneys\u2019 fees in the amount of 25% of the Settlement Fund for all Lead\n\nPlaintiffs\u2019 Counsel. The requested fee has been approved by Lead Plaintiffs and is well within the\n\nrange of fees that courts in this Circuit and elsewhere have awarded in securities class actions and\n\nother complex class actions with comparable recoveries.\n\n 10. Lead Counsel\u2019s Fee and Expense Application also seeks payment of $191,222.40\n\nin Litigation Expenses incurred by Lead Plaintiffs\u2019 Counsel in connection with the institution,\n\nprosecution, and settlement of the Action.\n\n 11. For all the reasons discussed in this Declaration and in the accompanying motions,\n\nincluding the quality of the result obtained and the meaningful litigation risks discussed below,\n\nLead Plaintiffs and Lead Counsel respectfully submit that the Settlement and the Plan of Allocation\n\nare \u201cfair, reasonable, and adequate,\u201d and that the Court should approve them under Federal Rule\n\nof Civil Procedure 23(e). For similar reasons, and for the additional reasons discussed below, we\n\nrespectfully submit that Lead Counsel\u2019s Fee and Expense Application is also fair and reasonable\n\nand should be approved.\n\n\n\n\n 5\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 10 of 43\n\n\n\n\nII. HISTORY OF THE ACTION\n\n Background and the Claims Asserted\n\n 12. AdaptHealth is a home medical equipment supplier providing devices for diabetes,\n\nsleep apnea, and wound care. AdaptHealth\u2019s common stock trades on NASDAQ under the symbol\n\n\u201cAHCO.\u201d\n\n 13. In this litigation, Lead Plaintiffs assert that Defendants made false and misleading\n\nstatements in violation of the Securities Act of 1933 and the Securities Exchange Act of 1934.\n\nSpecifically, Lead Plaintiffs allege that from August 4, 2020 through November 7, 2023, inclusive\n\n(the \u201cSettlement Class Period\u201d), Defendants made three broad categories of misstatements.\n\n 14. First, the Complaint alleges that, while Defendants claimed that AdaptHealth had\n\na vigorous compliance system and technology that prevented misconduct and mitigated business\n\nrisks, in reality the Company failed to maintain a compliance system, discontinued or dismantled\n\ncompliance systems at companies it acquired, and engaged in various illicit billing practices\n\nincluding using outdated, more lucrative billing codes and billing patients for medical supplies\n\nthey did not order.\n\n 15. Second, the Complaint alleges that the Company consistently reported increasing\n\nrevenue across the Settlement Class Period and attributed that success to its compliance and billing\n\nsystems, when in fact those revenue figures were inflated by the Company\u2019s allegedly illicit billing\n\npractices.\n\n 16. Finally, the Complaint alleges that Defendants claimed that AdaptHealth\n\nsuccessfully integrated over 80 acquisitions during the Settlement Class Period, implementing its\n\ncompliance and revenue management systems, when in reality AdaptHealth failed to implement a\n\ncompliance system or common revenue cycle platform.\n\n\n\n\n 6\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 11 of 43\n\n\n\n\n 17. Lead Plaintiffs further allege that these misstatements caused the price of\n\nAdaptHealth\u2019s common stock to be artificially inflated and that the Company\u2019s stock price\n\ndeclined when the truth was revealed on five dates between March 1, 2022 and November 7, 2023.\n\n The Commencement of the Action and the Appointment of Lead Plaintiffs and\n Lead Counsel\n\n 18. The initial complaint in the Action was filed on October 24, 2023 by Lead Plaintiff\n\nACERS. ECF No. 1. On the same day, a notice was published in a national newswire service, in\n\naccordance with the PSLRA, advising potential class members of the pendency of the action, the\n\nclaims asserted, and the deadline by which putative class members could move the Court for\n\nappointment as lead plaintiff. ECF No. 17-6.\n\n 19. On December 26, 2023, ACERS, Local 793, and Tallahassee moved for\n\nappointment as Lead Plaintiffs pursuant to the Private Securities Litigation Reform Act of 1995.\n\nECF No. 17. Four other investors filed separate motions for appointment as lead plaintiff (ECF\n\nNos. 14-16, 18), but subsequently filed notices of non-opposition to the motion of ACERS, Local\n\n793, and Tallahassee, recognizing that those entities had the largest financial interest in the Action\n\namong the movants (ECF Nos. 19-22).\n\n 20. On January 23, 2024, the Court appointed ACERS, Local 793, and Tallahassee as\n\nLead Plaintiffs for the Action, and approved their selection of Bernstein Litowitz Berger &\n\nGrossmann LLP (\u201cBLB&G\u201d) as Lead Counsel. ECF No. 33.\n\n The Investigation and Filing of the Complaint\n\n 21. In connection with this matter, Lead Counsel undertook an extensive investigation\n\ninto the alleged fraud and potential claims that could be asserted in the Action. The investigation\n\nincluded a thorough review of public information such as AdaptHealth\u2019s SEC filings; Defendants\u2019\n\nadditional public statements, including those made in press releases, at investor conferences, and\n\n\n\n 7\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 12 of 43\n\n\n\n\non earnings calls; analyst and press reports concerning AdaptHealth; and other publicly available\n\ninformation regarding the Company.\n\n 22. In connection with its investigation, Lead Counsel and its in-house investigators\n\nalso conducted an extensive search to locate former employees of AdaptHealth and other industry\n\nparticipants who might have relevant information pertaining to the claims asserted in the Action.\n\nThis included speaking to over 90 former AdaptHealth employees that they believed possessed\n\nrelevant information about their claims, and included information from 15 of those individuals in\n\nthe Complaint.\n\n 23. On May 23, 2024, Lead Plaintiffs filed and served the Complaint based on this\n\nthorough investigation.2 ECF No. 59. The detailed, 461-paragraph Complaint alleges that\n\n(a) AdaptHealth and individual defendants Luke McGee, Stephen P. Griggs, Joshua Parnes, Jason\n\nA. Clemens, Shaw Rietkerk, Wendy Russalesi, and Rodney Carson (collectively, the \u201cIndividual\n\nExchange Act Defendants\u201d) violated Section 10(b) of the Exchange Act and U.S. Securities and\n\nExchange Commission (\u201cSEC\u201d) Rule 10b-5(a)\u2013(c) thereunder; (b) the Individual Exchange Act\n\nDefendants and Alan Quasha violated Section 20(a) of the Exchange Act; (c) AdaptHealth,\n\nindividual defendants Luke McGee, Joshua Parnes, Jason A. Clemens, Frank Mullen, Richard\n\nBarasch, Alan Quasha, Terence Connors, Dr. Susan Weaver, Dale Wolf, Bradley Coppens, and\n\nDavid S. Williams III (collectively, the \u201cIndividual Securities Act Defendants\u201d), and the\n\nUnderwriter Defendants violated Section 11 of the Securities Act in connection with\n\nAdaptHealth\u2019s secondary offering of common stock that closed on January 5, 2021 (the\n\n\n\n\n2\n Lead Plaintiffs initially filed their Complaint on May 14, 2024, but refiled on May 23, 2024 at\nthe Court\u2019s instruction to list all Defendants in the caption.\n\n\n 8\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 13 of 43\n\n\n\n\n\u201cSecondary Offering\u201d); (d) the Underwriter Defendants violated Section 12(a)(2) of the Securities\n\nAct; and (e) the Individual Securities Act Defendants violated Section 15 of the Securities Act.\n\n 24. The Complaint alleges that Defendants made false and misleading statements\n\nconcerning AdaptHealth\u2019s (i) billing practices, (ii) compliance systems and technology, (iii) ability\n\nto integrate its acquisitions into AdaptHealth\u2019s existing compliance program and systems, and\n\n(iv) revenues and EBITDA. Lead Plaintiffs ACERS and Tallahassee allege that similar false and\n\nmisleading statements were made in connection with the Secondary Offering.\n\n Defendants\u2019 Motion to Dismiss\n\n 25. On July 23, 2024, Defendants filed a motion to dismiss the Complaint (the \u201cMotion\n\nto Dismiss\u201d) and an accompanying declaration attaching 66 exhibits totaling over 3,000 pages,\n\nincluding six summary documents created in connection with the litigation. ECF Nos. 65-66.\n\nDefendants\u2019 motion challenged virtually every aspect of the Complaint. These core arguments\n\nincluded, inter alia, that:\n\n a) the Complaint failed to sufficiently allege false and misleading statements because\n the allegations concerning the alleged illicit billing practices were based on the\n reports of a few low-level employees that could not report on practices Company-\n wide;\n\n b) the alleged false and misleading statements constituted inactionable puffery and\n opinion, and did not contain any statement of verifiable fact concerning\n AdaptHealth\u2019s billing or acquisition practices;\n\n c) the statements were protected by the PSLRA\u2019s \u201csafe harbor provision\u201d;\n\n d) the Complaint failed to allege scienter because it failed to establish that the\n Individual Defendants learned about illicit billing practices, as none of the\n confidential witnesses substantially interacted with those Defendants; and\n\n e) Lead Plaintiffs failed to sufficiently plead loss causation because the Complaint\n did not sufficiently link the five disclosure events to any price decline, arguing\n instead that the declines were related to other more plausible causes such as the\n CEO\u2019s departure, disappointing financial results, guidance revisions, and inflation.\n\n\n\n\n 9\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 14 of 43\n\n\n\n\n 26. On July 24, 2024, Defendants also requested that the Court take judicial notice of\n\ncertain exhibits submitted with their Motion to Dismiss. ECF No. 67.\n\n 27. On October 1, 2024, Lead Plaintiffs filed their opposition to Defendants\u2019 Motion\n\nto Dismiss. ECF No. 72. Lead Plaintiffs\u2019 opposition challenged every argument raised by\n\nDefendants\u2019 motion, including among other things arguing that Lead Plaintiffs sufficiently alleged\n\nthe falsity of Defendants\u2019 three categories of statements and that the allegations of the Complaint,\n\ntaken together, sufficiently alleged scienter. Lead Plaintiffs also argued that the corrective\n\ndisclosures were sufficiently related to alleged false and misleading statements. Lead Plaintiffs\n\nalso opposed Defendants\u2019 request for judicial notice. ECF No. 73.\n\n 28. Defendants filed their reply papers in further support of the Motion to Dismiss and\n\nthe request for judicial notice on November 15, 2024. ECF Nos. 79-81.\n\n 29. On May 28, 2025, Lead Plaintiffs submitted a letter to the Court, on behalf of all\n\nSettling Parties, requesting that the Court hold any ruling on the Motion to Dismiss in abeyance\n\npending the conclusion of their upcoming mediation. ECF No. 85. The Court agreed (ECF No. 86)\n\nand, accordingly, the Motion to Dismiss was still pending at the time the Settlement was reached.\n\n Work with Experts\n\n 30. During their investigation of the claims and the preparation of the Complaint, Lead\n\nPlaintiffs retained and consulted with experts who provided critical insights and assistance to Lead\n\nPlaintiffs and Lead Counsel in the successful prosecution of this case. First, Lead Plaintiffs\n\nconsulted an accounting expert, Harris Devor of Marcum LLP. Prior to filing their Complaint,\n\nLead Plaintiffs consulted Marcum LLP concerning their claims that Defendants misstated\n\nAdaptHealth\u2019s revenue and EBITDA when reporting the Company\u2019s financial results for each\n\nquarter during the Class Period. Marcum LLP assisted Lead Plaintiffs and Lead Counsel with\n\nreviewing AdaptHealth\u2019s financial statements, including through analyzing trends in the\n\n\n 10\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 15 of 43\n\n\n\n\nCompany\u2019s accounts receivable reserves throughout the Class Period and understanding the\n\nCompany\u2019s disclosures concerning the same.\n\n 31. In addition, Lead Plaintiffs consulted financial economics experts, Chad Coffman\n\nand Mark Hedstrom of Peregrine Economics, concerning loss causation and damages issues,\n\nincluding concerning market reactions to each of the alleged misstatements and corrective\n\ndisclosures and potential issues disaggregating the full impact of confounding information\n\nunrelated to the alleged fraud. Throughout the course of this Action, Lead Plaintiffs further\n\nconsulted with Peregrine Economics in connection with settlement negotiations and preparing their\n\nsubmission on damages to the mediator. After the Settlement was reached, Lead Counsel worked\n\nwith these same damages experts at Peregrine in developing the proposed Plan of Allocation.\n\nThese experts provided critical insights and assistance to Lead Plaintiffs and Lead Counsel in the\n\nsuccessful prosecution and resolution of this case.\n\n The Settling Parties\u2019 Mediation Efforts and Settlement of the Action\n\n 32. The Settling Parties first discussed the possibility of mediation in the spring of\n\n2025. On May 27, 2025, the Settling Parties agreed to mediate. As noted above, the following day\n\nLead Plaintiffs filed a letter with the Court in which the Settling Parties jointly requested that any\n\ndecision on the Motion to Dismiss be held in abeyance as the Settling Parties attempted to resolve\n\nthe Action. ECF No. 85.\n\n 33. On October 8, 2025, the Settling Parties participated in a full-day mediation session\n\nbefore Mr. Murphy. In advance of the mediation, the Settling Parties provided Mr. Murphy with\n\nall of the materials submitted to the Court in connection with the pending Motion to Dismiss. In\n\naddition, both Lead Plaintiffs and Defendants provided Mr. Murphy with a statement concerning\n\ntheir view of potential damages in the Action. While no agreement was reached at that mediation\n\n\n\n\n 11\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 16 of 43\n\n\n\n\nsession, following the mediation, the Settling Parties participated in additional settlement\n\nnegotiations with Mr. Murphy\u2019s assistance.\n\n 34. Following an additional two weeks of negotiations, on October 23, 2025, the\n\nSettling Parties reached an agreement-in-principle to settle the Action for releases and a cash\n\npayment of $35,000,000, subject to negotiation of the terms of a stipulation of settlement and\n\napproval by the Court.\n\n 35. On December 18, 2025, the Settling Parties entered into the Stipulation, which sets\n\nforth the terms of the Settlement. ECF No. 94-2. The same day, Lead Plaintiffs and AdaptHealth\n\nalso entered into a Supplemental Agreement, which provides that AdaptHealth has the right to\n\nterminate the Settlement if the persons who request exclusion from the Settlement Class reach a\n\ncertain threshold. See id. at \u00b6 12.2.\n\n The Court Grants Preliminary Approval of the Settlement\n\n 36. On December 19, 2025, Lead Plaintiffs filed a motion for preliminary approval of\n\nthe Settlement. ECF No. 94.\n\n 37. On February 2, 2026, the Court entered the Order Preliminarily Approving\n\nSettlement and Providing for Notice (ECF No. 96) (\u201cPreliminary Approval Order\u201d), which, among\n\nother things: (a) preliminarily approved the Settlement; (b) approved the form of Notice, Summary\n\nNotice, and Claim Form, and authorized notice of the Settlement to be given to potential Settlement\n\nClass Members through mailing of the Notice and Claim Form, posting the Notice and Claim Form\n\non a Settlement website, and publication of the Summary Notice in The Wall Street Journal and\n\nover a national newswire service; (c) established procedures and deadlines by which Settlement\n\nClass Members could participate in the Settlement, request exclusion from the Settlement Class,\n\nor object to the Settlement, the proposed Plan of Allocation, and/or the Fee and Expense\n\n\n\n\n 12\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 17 of 43\n\n\n\n\nApplication; and (d) set a schedule for the filing of opening papers and reply papers in support of\n\nthe proposed Settlement, Plan of Allocation, and the Fee and Expense Application. The\n\nPreliminary Approval Order also scheduled the Final Approval Hearing for May 13, 2026 at\n\n10:00 a.m. to determine, among other things, whether the Settlement should be finally approved.\n\nIII. RISKS OF CONTINUED LITIGATION\n\n 38. The Settlement provides a certain and substantial benefit to the Settlement Class in\n\nthe form of a $35,000,000 cash payment. Lead Plaintiffs and Lead Counsel believe that the\n\nproposed Settlement is a highly favorable result for the Settlement Class, considering the\n\nsubstantial risks of continuing to litigate. As explained below, at the time of settlement, Lead\n\nPlaintiffs faced the very real risk of losing at the pleadings stage, and, even if they overcame\n\nDefendants\u2019 motion to dismiss in whole or in part, Lead Plaintiffs faced serious risks related to\n\nproving liability and establishing loss causation and damages throughout the various later stages\n\nof litigation, including at class certification, summary judgment, and trial. Lead Plaintiffs\n\nnegotiated the Settlement on the assumption that Lead Plaintiffs would defeat Defendants\u2019 pending\n\nmotion to dismiss in meaningful part, but took into account the significant risks relating to falsity,\n\nscienter, loss causation, and damages that Lead Plaintiffs would face in continued litigation, as\n\nwell as potential ability-to-pay risks that could arise if the Company\u2019s available insurance was\n\nreduced or depleted. Moreover, Lead Plaintiffs were aware that, even if Lead Plaintiffs defeated\n\nDefendants\u2019 motion for summary judgment and prevailed at trial, they would have faced post-trial\n\nmotions, including a potential motion for judgment as a matter of law, as well as further appeals\n\nthat could have prevented Lead Plaintiffs from obtaining any recovery for the Settlement Class\u2014\n\nor, at the very least, delayed recovery for years.\n\n\n\n\n 13\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 18 of 43\n\n\n\n\n A. General Risks in Prosecuting Securities Class Actions\n\n 39. Absent settlement, Lead Plaintiffs faced a substantial risk of the claims being\n\ndismissed entirely, leaving the Settlement Class with no recovery whatsoever. According to a\n\nreview by Cornerstone Research, for federal securities class actions filed each year from 2015\n\nthrough 2023, roughly half (ranging from 46% to 61%) were dismissed. See CORNERSTONE\n\nRESEARCH, SECURITIES CLASS ACTION FILINGS: 2025 YEAR IN REVIEW (2026), attached hereto as\n\nExhibit 5, at 16. Here, Defendants challenged falsity, scienter, and loss causation\u2014each of which\n\nis an element that Lead Plaintiffs must prove, and each of which can and has been dispositive. See,\n\ne.g., Holland v. Standley, 2025 WL 2434230, at *20 (E.D. Pa. Aug. 21, 2025) (dismissing for\n\nfailure to plead falsity or loss causation); Handal v. Innovative Indus. Props., Inc., 157 F.4th 279,\n\n304 (3d Cir. 2025) (affirming dismissal of statement that was false or misleading on loss causation\n\ngrounds). Even if a complaint survives the pleadings stage in part, one or more of the corrective\n\nevents could be eliminated on loss causation grounds, potentially reducing damages significantly.\n\nSee, e.g., In re Five Below, Inc. Sec. Litig., 2025 WL 2447794, at *31, *34 (E.D. Pa. Aug. 25,\n\n2025) (denying motion to dismiss in part but dismissing one of three corrective disclosures).\n\n 40. Even if the case survived the pleading stage, it could be dismissed in whole or in\n\npart later in the litigation. In recent years, securities class actions have faced greater risks than in\n\nprior years, and it is not uncommon for district courts to dismiss securities class actions at the\n\nsummary judgment stage after years of litigation. See, e.g., In re Mylan N.V. Sec. Litig., 2023 WL\n\n2711552 (S.D.N.Y. Mar. 30, 2023) (defendants prevailed at summary judgment in a securities\n\nclass action against Mylan arising out of misstatements concerning the company\u2019s EpiPen product\n\nand other generic drugs), cert. denied, 145 S. Ct. 436 (2024); Murphy v. Precision Castparts Corp.,\n\n2021 WL 2080016, at *1 (D. Or. May 24, 2021) (granting defendants\u2019 renewed motion for\n\nsummary judgment based on recent Ninth Circuit decision on forward-looking statements), aff\u2019d\n\n\n 14\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 19 of 43\n\n\n\n\nsub nom. AMF Pensionsforsakring AB v. Precision Castparts Corp., 2022 WL 2800825 (9th Cir.\n\nJuly 18, 2022); see also Fosbre v. Las Vegas Sands Corp., 2017 WL 55878, at *28 (D. Nev. Jan.\n\n3, 2017), aff\u2019d sub nom. Pompano Beach Police & Firefighters\u2019 Ret. Sys. v. Las Vegas Sands\n\nCorp., 732 F. App\u2019x 543 (9th Cir. 2018); In re Omnicom Grp., Inc. Sec. Litig., 541 F. Supp. 2d\n\n546, 554-55 (S.D.N.Y. 2008), aff\u2019d, 597 F.3d 501 (2d Cir. 2010); In re Xerox Corp. Sec. Litig.,\n\n935 F. Supp. 2d 448, 496 (D. Conn. 2013), aff\u2019d sub nom. Dalberth v. Xerox, 766 F.3d 172 (2d\n\nCir. 2014). Even in cases that survive summary judgment in part, certain categories of statements\n\nand disclosure events may be eliminated, potentially curtailing damages. See, e.g., Allegheny Cnty.\n\nEmps.\u2019 Ret. Sys. v. Energy Transfer LP, 744 F. Supp. 3d 350, 393 (E.D. Pa. 2024) (only two\n\ncategories of statements survived).\n\n 41. Cases that have survived summary judgment can also be dismissed prior to trial in\n\nconnection with Daubert motions, such as those that were likely to be filed by Defendants here.\n\nSee, e.g., Bricklayers & Trowel Trades Int\u2019l Pension Fund v. Credit Suisse First Boston, 853 F.\n\nSupp. 2d 181, 197-98 (D. Mass. 2012), aff\u2019d 752 F.3d 82 (1st Cir. 2014) (granting summary\n\njudgment sua sponte in favor of the defendants after finding that the event study offered by\n\nplaintiffs\u2019 expert was unreliable and that there was accordingly no evidence that the market reacted\n\nnegatively to disclosures).\n\n 42. Finally, even when securities class action plaintiffs successfully overcome multiple\n\nsubstantive and procedural hurdles before trial, there remain significant risks that a jury will not\n\nfind the defendants liable or award expected damages. See, e.g., In re Tesla Inc., Sec. Litig., 2023\n\nWL 4032010 (N.D. Cal. June 14, 2023) (defense verdict in securities class action even though the\n\ncourt had already found the statements were false and defendant had acted recklessly in issuing\n\n\n\n\n 15\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 20 of 43\n\n\n\n\nthem, and the same conduct had resulted in SEC charges and a settlement), aff\u2019d, 2024 WL\n\n4688894 (9th Cir. Nov. 6, 2024).\n\n 43. Further, post-trial motions, based on a complete record, also present risks. For\n\nexample, in In re BankAtlantic Bancorp, Inc., following a jury verdict in the plaintiffs\u2019 favor, the\n\ndistrict court granted the defendants\u2019 motion for judgment as a matter of law and entered judgment\n\nin favor of the defendants on all claims. 2011 WL 1585605, at *14-22 (S.D. Fla. Apr. 25, 2011),\n\naff\u2019d, 688 F.3d 713 (11th Cir. 2012) (finding that there was insufficient trial evidence to support a\n\nfinding of loss causation). Intervening changes in the law may also impact a successful trial verdict.\n\nFor example, a district court in Oregon reconsidered its order denying defendants\u2019 motion for\n\nsummary judgment and granted the motion more than a year later based on a new decision by the\n\nNinth Circuit. See Precision Castparts, 2021 WL 2080016, at *6.\n\n 44. Accordingly, securities class actions face serious risks of dismissal and non-\n\nrecovery at all stages of litigation.\n\n B. Specific Risks Concerning this Action\n\n 45. Lead Plaintiffs and Lead Counsel believe the claims asserted against Defendants in\n\nthis action are meritorious. They recognize, however, that this Action presented substantial risks\n\nto establishing liability. As discussed further below, Defendants have vigorously and consistently\n\ndenied that their challenged statements were false or misleading, were actionable misstatements\n\nas opposed to immaterial puffery, or were made with scienter. They also challenged whether the\n\nstock price declines were sufficiently related to the alleged fraud for Lead Plaintiffs to establish\n\nloss causation. Therefore, the risks of continued litigation were substantial, and the class\u2019s ultimate\n\npotential for recovery was far from certain.\n\n\n\n\n 16\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 21 of 43\n\n\n\n\n 1. Risks Concerning Liability\n\n a. Falsity and Materiality\n\n 46. Defendants raised several arguments as to the falsity and materiality of the alleged\n\nfalse and misleading statements. Each of those could have been convincing to a Court either at the\n\npleadings stage or later in the litigation.\n\n 47. For example, Lead Plaintiffs\u2019 theory of falsity is premised on underlying allegations\n\nof widespread billing misconduct at AdaptHealth. In their Motion to Dismiss, Defendants contend\n\nthat these allegations are insufficiently pled because they are based on the \u201cpersonal experiences\u201d\n\nof low-level employees who could not attest to how frequently the conduct was occurring over the\n\nSettlement Class Period and whether it was truly Company-wide misconduct. While some courts\n\nhave found that the consistent accounts of multiple low-level employees, taken collectively, can\n\nsupport allegations of company-wide misconduct, others have looked to the employees\u2019 positions\n\nto support findings that they lacked sufficient information to support their allegations.\n\n 48. Moving beyond the pleading stage, proving the extent of billing misconduct and\n\nthe exact nature of AdaptHealth\u2019s compliance program through discovery would be challenging\n\nand the result would be uncertain. There was a risk that, on a fully developed factual record, the\n\nadmissible evidence of billing misconduct at AdaptHealth would not be sufficient to establish that\n\nsuch misconduct was so widespread or systemic as to render Defendants\u2019 challenged statements\n\nfalse or misleading. Moreover, there has been no federal, state, or local government action taken\n\nagainst AdaptHealth based on conduct during the Settlement Class Period, which Defendants\n\nwould argue undermines any claim that there was widespread misconduct.\n\n 49. In addition, specifically, with regard to the revenue statements, Defendants have\n\nargued that AdaptHealth\u2019s methods for recording revenue would have assured that the alleged\n\nbilling misconduct was not reflected in the Company\u2019s overall results. While Lead Plaintiffs\n\n\n 17\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 22 of 43\n\n\n\n\nargued that it was inappropriate to draw that inference in Defendants\u2019 favor at the motion to dismiss\n\nstage, subsequent discovery might have resulted in evidence supporting Defendants\u2019 contentions.\n\n 50. Defendants also assert that many of the alleged false or misleading statements are\n\nimmaterial puffery. They argue that the challenged statements are simply general statements of\n\noptimism or aspirational goals regarding the Company\u2019s compliance systems and technology that\n\nare not actionable under securities law. Compliance-related statements have a mixed record in\n\ncourts, with some finding that repeated assertions touting the strength of a business practice that\n\nis actually deficient are actionable, while others finding that more general compliance claims do\n\nnot amount to actionable misstatements.\n\n 51. Defendants also argue that the alleged misstatements were not false or misleading\n\nbecause\u2014even if the course of conduct alleged was ongoing\u2014Defendants\u2019 statements were not\n\nsufficiently related to the billing conduct of individual low-level employees, and Defendants did\n\nnot expressly state that no billing misconduct was occurring. Thus, there was risk that Lead\n\nPlaintiffs would not be able to make a sufficiently direct connection between the alleged\n\nmisconduct and the alleged misstatements.\n\n 52. Finally, Defendants argue that certain of the challenged statements regarding risks\n\nwere forward-looking statements protected by the PSLRA safe harbor. The Court may have\n\ndismissed claims relating to some or all of these statements as being focused on future events,\n\naccompanied by appropriate cautionary language.\n\n b. Scienter\n\n 53. Even if Lead Plaintiffs can establish that Defendants made actionable\n\nmisstatements, they would also face the challenge of proving that Defendants made those\n\nmisstatements with scienter, the requisite state of mind for the Exchange Act claims.\n\n\n\n\n 18\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 23 of 43\n\n\n\n\n 54. Throughout the litigation, Defendants have vigorously argued that the Individual\n\nDefendants lacked any intent to mislead investors. Defendants had contended (and would contend)\n\nthat Lead Plaintiffs could only identify \u201cisolated incidents\u201d of improper billing practices and issues\n\nintegrating acquisitions that did not come to the attention of the Individual Defendants, and thus\n\nLead Plaintiffs would not be able to establish scienter. Specifically, in the Motion to Dismiss,\n\nDefendants had argued that Lead Plaintiffs\u2019 allegations of scienter were largely based on the\n\naccounts of relatively low-level former employees; that these former employees lacked any direct\n\ncontact with the Individual Defendants; and that Lead Plaintiffs were not able to allege a specific\n\ninstance in which the Individual Defendants learned about the billing misconduct. Lead Plaintiffs\n\nhad strong responses at the pleading stage, as they could point to substantial bases for inferring\n\nscienter based on the Individual Defendants\u2019 access to relevant information and other factors.\n\nHowever, assuming that Lead Plaintiffs prevailed on the pending Motion to Dismiss, this issue\n\nwould continue to pose significant risks in continued litigation, when Lead Plaintiffs would have\n\nto prove the Individual Defendants\u2019 relevant knowledge through documentary evidence and\n\ntestimony. This might prove difficult here, especially because most of the individuals with direct\n\nknowledge of the facts would be AdaptHealth employees who would likely be hostile witnesses.\n\n 55. Another challenge in proving scienter is the fact that Lead Plaintiffs had not\n\nidentified certain traditional indications of motive, such as suspiciously timed stock sales. In short,\n\nif litigation had continued, Lead Plaintiffs would have faced substantial risks in proving\n\nDefendants\u2019 scienter.\n\n 2. Risks Concerning Loss Causation and Damages\n\n 56. In addition to the risks related to liability (such as falsity and scienter), Lead\n\nPlaintiffs also faced significant additional risks related to loss causation and damages. Defendants\n\nhad argued, and would continue to argue, that (a) Lead Plaintiffs cannot establish loss causation\n\n\n 19\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 24 of 43\n\n\n\n\nbecause the alleged corrective disclosures\u2014the disclosures that caused the price of AdaptHealth\n\ncommon stock to decline\u2014were not directly related to Defendants\u2019 alleged misrepresentations,\n\nand (b) Lead Plaintiffs could not establish damages because they would not be able to appropriately\n\ndisaggregate the impact of information that was unrelated to the alleged false and misleading\n\nstatements on the price declines at issue (as compared to the impact, if any, of the disclosures that\n\nrelated to the challenged misstatements).\n\n 57. The Complaint alleges there are five corrective events (on March 1, 2022, February\n\n27, 2023, March 3, 2023, May 9, 2023, and November 7, 2023) that each partially revealed the\n\ntruth concerning Defendants\u2019 alleged misstatements to the market. Defendants argue that the news\n\nreleased on these days that caused the stock price declines was in most instances not sufficiently\n\nconnected to the alleged fraud. In response, Lead Plaintiffs have argued the corrective events do\n\nnot need to be mirror images of the alleged misrepresentations. Therefore, Lead Plaintiffs argue\n\nthat, even if the disclosures did not contain explicit admissions that AdaptHealth\u2019s compliance\n\nsystems were deficient or that AdaptHealth did not effectively integrate its acquisitions, the\n\ndisclosures concerning deficient internal controls, disappointing results due to customers\n\nswitching from AdaptHealth, and goodwill write-downs were on the same subject as the alleged\n\nmisstatements. However, even if Lead Plaintiffs prevailed on this argument at the pleading stage,\n\nDefendants could raise the issue again at summary judgment.\n\n 58. Defendants also argue that the stock price declines at issue were attributable to\n\nconfounding factors not connected to the alleged fraud, such as the announcement of the departure\n\nof the Company\u2019s CEO, disappointing financial results, and inflation. In their opposition to the\n\nMotion to Dismiss, Lead Plaintiffs argued, citing case law, that at the pleadings stage they are not\n\nrequired to disaggregate damages and show exactly what percentage of their loss is attributable to\n\n\n\n\n 20\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 25 of 43\n\n\n\n\nthe fraud. While Lead Plaintiffs expected this argument to be successful against Defendants\u2019\n\nMotion to Dismiss, Defendants might have had greater success with this argument at summary\n\njudgment and at trial, where expert testimony would be required to quantify the losses specifically\n\nrelated to the fraud. Lead Plaintiffs anticipated that there would be competing expert analyses, and\n\nLead Plaintiffs might have faced challenges in proving what portion of the price decline on each\n\nof the five disclosure events resulted from the revelation of the alleged misstatements\u2014rather than\n\nconfounding non-fraud or \u201cmismatching\u201d information. In addition, given the likely presence of\n\nsuch confounding information, the damages that would be recoverable at trial would likely be only\n\na fraction of the full stock price declines on the days in question.\n\n 59. Finally, Defendants argue that even if some of the alleged events were corrective,\n\nthe relevant truth had already been \u201crevealed\u201d in the earlier disclosures, such that the later events\n\ncould not have caused Defendants\u2019 losses. If the Court or a jury concluded that one or more of the\n\ncorrective events did not reveal any new information to the market, Lead Plaintiffs would not be\n\nable to recover with respect to that decline, which had the potential to dramatically reduce the\n\npotential damages for the class.\n\n 60. Accordingly, these loss causation and damages challenges would have provided\n\nDefendants with strong arguments for reducing the ultimate maximum damages that Lead\n\nPlaintiffs could obtain, even if they succeeded on all liability issues.\n\n 3. Risks Related to Class Certification\n\n 61. Lead Plaintiffs believe that the Court would have certified the proposed class.\n\nHowever, they also expect that Defendants would have mounted several challenges to class\n\ncertification. In particular, given recent trends in securities class action litigation, Lead Plaintiffs\n\nexpected challenges to their expert\u2019s damages methodology and, mirroring Defendants\u2019 loss\n\ncausation challenges, the argument that there was a \u201cmismatch\u201d between the alleged misstatements\n\n\n 21\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 26 of 43\n\n\n\n\nand the corrective disclosures that successfully rebutted the presumption of reliance in securities\n\nclass actions. Thus, there was a risk that the Court would have accepted Defendants\u2019 view and\n\neither declined to certify a class or certified a shorter class period.\n\n 4. Ability-to-Pay Risks\n\n 62. Finally, Lead Plaintiffs also believed there were potential risks regarding\n\nAdaptHealth\u2019s ability to pay a judgment substantially larger than the $35 million settlement. These\n\nconcerns arose from limits on the amount of available insurance as well as potential concerns about\n\nthe Company\u2019s future financial condition. AdaptHealth\u2019s insurance coverage was expected to be\n\nsubstantially depleted\u2014if not entirely exhausted\u2014if the litigation proceeded to trial. In contrast,\n\nthe $35 million Settlement obtains all of the Company\u2019s available insurance, before the most\n\nsignificant litigation costs began. With respect to the Company\u2019s own ability to pay, at the time\n\nthe agreement to settlement was reached in October 2025, AdaptHealth\u2019s common stock was\n\ntrading at under $10 per share\u2014as compared to a Settlement Class Period high of $40.15. This\n\nsubstantial decline supported Lead Plaintiffs\u2019 concerns about the Company\u2019s potential financial\n\ncondition at the time\u2014likely years in the future\u2014when any litigated judgment might be obtained.\n\nAccordingly, these practical considerations further supported Lead Plaintiffs\u2019 determination that\n\nthe immediate $35 million Settlement was a favorable result.\n\n C. The Settlement Amount Compared to the Likely Maximum Damages that\n Could Be Proved at Trial\n\n 63. The Settlement Amount\u2014$35,000,000 in cash, plus interest\u2014represents a\n\nsubstantial and meaningful recovery for the Settlement Class. Notably, the Settlement is nearly\n\nfour times the size of the median securities class-action settlement in the Third Circuit from 2016-\n\n2025 ($9.2 million). See CORNERSTONE RESEARCH, SECURITIES CLASS ACTION SETTLEMENTS:\n\n2025 REVIEW AND ANALYSIS (2026), attached hereto as Exhibit 6, at 19.\n\n\n\n 22\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 27 of 43\n\n\n\n\n 64. The $35,000,000 Settlement is also a favorable result when compared to the likely\n\nmaximum damages that could be recovered for the Settlement Class. Lead Plaintiffs\u2019 damages\n\nexpert has estimated the maximum reasonably recoverable damages in this case to be\n\napproximately $451.6 million. This estimate assumes complete success on liability on all alleged\n\nmisstatements and inclusion of damages for all corrective disclosures, but includes adjustments on\n\ncertain of the disclosures to disaggregate the impact of information that was not related to the\n\nalleged false and misleading statements.3\n\n 65. The $35,000,000 recovery under the Settlement therefore represents approximately\n\n7.8% of the reasonably recoverable maximum damages\u2014a highly favorable result for the\n\nSettlement Class in light of the significant risks of continued litigation. See, e.g., In re Wilmington\n\nTr. Sec. Litig., 2018 WL 6046452, at *8 (D. Del. Nov. 19, 2018) (noting \u201cThird Circuit median\n\nrecovery of 5% of damages in class action securities litigation.\u201d); Schuler v. Medicines Co., 2016\n\nWL 3457218, at *8 (D.N.J. June 24, 2016) (4% recovery \u201cfalls squarely within the range of\n\nprevious settlement approvals.\u201d); In re Hemispherx Biopharma, Inc., Sec. Litig., 2011 WL\n\n13380384, at *6 (E.D. Pa. Feb. 14, 2011) (approving settlement representing 5.2% of the maximum\n\ndamages and finding that it \u201cfalls squarely within the range of reasonableness approved in other\n\nsecurities class action settlements.\u201d); In re AT & T Corp. Sec. Litig., 455 F.3d 160, 169 (3d Cir.\n\n2006) (affirming settlement for 4% of total damages). The 7.8% recovery achieved here compares\n\nfavorably to these benchmarks and demonstrates the significant value obtained for the Settlement\n\nClass.\n\n\n\n3\n The total potential damages without accounting for disaggregation (i.e., without determining\nwhat portion of AdaptHealth\u2019s stock price decline was attributable to the revelation of the alleged\nmisstatements, as opposed to other \u201cmismatching\u201d factors) was approximately $833 million. This\nmaximum theoretical damages amount assumes that the entire stock price decline on all five\ndisclosure dates was attributable to the alleged fraud and was foreseeable.\n\n\n 23\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 28 of 43\n\n\n\n\n 66. Given the meaningful litigation risks, the immediacy of the $35,000,000 recovery,\n\nand the substantial value it provides to the Settlement Class, Lead Plaintiffs and Lead Counsel\n\nfirmly believe that the Settlement is fair, reasonable, and adequate, and is in the best interest of the\n\nSettlement Class.\n\nIV. LEAD PLAINTIFFS\u2019 COMPLIANCE WITH THE COURT\u2019S PRELIMINARY\n APPROVAL ORDER REQUIRING ISSUANCE OF NOTICE\n\n 67. The Court\u2019s Preliminary Approval Order directed that the Notice of Pendency and\n\nProposed Settlement of Class Action (the \u201cNotice\u201d) and Proof of Claim and Release Form (\u201cClaim\n\nForm\u201d) be disseminated to the Settlement Class. The Preliminary Approval Order also set an April\n\n22, 2026 deadline for Settlement Class Members to submit objections to the Settlement, the Plan\n\nof Allocation, and/or the Fee and Expense Application or to request exclusion from the Settlement\n\nClass, and set a final approval hearing date of May 13, 2026.\n\n 68. Pursuant to the Preliminary Approval Order, Lead Counsel instructed Kroll\n\nSettlement Administration LLC (\u201cKroll\u201d), the Court-approved Claims Administrator, to begin\n\ndisseminating copies of the Notice and the Claim Form by mail and to publish the Summary\n\nNotice. The Notice contains, among other things, a description of the Action, the Settlement, the\n\nproposed Plan of Allocation, and Settlement Class Members\u2019 rights to participate in the Settlement,\n\nobject to the Settlement, the Plan of Allocation and/or the Fee and Expense Application, or exclude\n\nthemselves from the Settlement Class. The Notice also informs Settlement Class Members of Lead\n\nCounsel\u2019s intent to apply for an award of attorneys\u2019 fees in an amount not to exceed 25% of the\n\nSettlement Fund, and for Litigation Expenses in an amount not to exceed $350,000. To disseminate\n\nthe Notice, Kroll obtained information from AdaptHealth and from banks, brokers, and other\n\nnominees regarding the names and addresses of potential Settlement Class Members. See\n\nDeclaration of Lindsey Marquez of Kroll Settlement Administration LLC Regarding: (A) Mailing\n\n\n\n 24\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 29 of 43\n\n\n\n\nof the Notice and Claim Form; (B) Publication of the Summary Notice; and (C) Report on Requests\n\nfor Exclusion Received to Date (\u201cMarquez Decl.\u201d), attached hereto as Exhibit 7, at \u00b6\u00b6 3-9.\n\n 69. Kroll began mailing copies of the Notice and Claim Form (together, the \u201cNotice\n\nPacket\u201d) to potential Settlement Class Members and nominee owners on February 25, 2026. See\n\nMarquez Decl. \u00b6\u00b6 3-8. As of April 7, 2026, Kroll had disseminated a total of 61,216 Notice Packets\n\nto potential Settlement Class Members and nominees. Id. \u00b6 10.\n\n 70. On March 9, 2026, in accordance with the Preliminary Approval Order, Kroll\n\ncaused the Summary Notice to be published in The Wall Street Journal and to be transmitted over\n\nthe PR Newswire. Id. \u00b6 11.\n\n 71. Lead Counsel also caused Kroll to establish a dedicated settlement website,\n\nwww.AdaptHealth2025SecuritiesLitigation.com, to provide potential Settlement Class Members\n\nwith information concerning the Settlement and access to copies of the Notice and Claim Form,\n\nas well as the Stipulation, Preliminary Approval Order, and Complaint. See Marquez Decl. \u00b6 12.\n\nThat website became operational on February 25, 2026. Id. Lead Counsel also made copies of the\n\nNotice and Claim Form and other documents available on its own website, www.blbglaw.com.\n\n 72. As set forth above, the deadline for Settlement Class Members to file objections to\n\nthe Settlement, Plan of Allocation, and/or Fee and Expense Application, or to request exclusion\n\nfrom the Settlement Class is April 22, 2026. To date, no requests for exclusion have been received.\n\nSee Marquez Decl. \u00b6 14. In addition, no objections to the Settlement, Plan of Allocation, or Lead\n\nCounsel\u2019s Fee and Expense Application have been received. Lead Counsel will file reply papers\n\non or before May 6, 2026 that will address any requests for exclusion or objections that may be\n\nreceived.\n\n\n\n\n 25\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 30 of 43\n\n\n\n\nV. THE PROPOSED PLAN OF ALLOCATION OF THE PROCEEDS OF THE\n SETTLEMENT\n\n 73. Pursuant to the Preliminary Approval Order, and as set forth in the Notice, all\n\nSettlement Class Members who want to be eligible to participate in the distribution of the Net\n\nSettlement Fund must submit a valid Claim Form with all required information postmarked (if\n\nmailed) or submitted online no later than July 2, 2026. As set forth in the Notice, the Net Settlement\n\nFund will be distributed among Settlement Class Members who submit eligible claims according\n\nto the plan of allocation approved by the Court.\n\n 74. Lead Counsel consulted with Lead Plaintiffs\u2019 damages expert, Chad Coffman, in\n\ndeveloping the proposed plan of allocation for the Net Settlement Fund (the \u201cPlan of Allocation\u201d).\n\nLead Counsel believes that the Plan of Allocation provides a fair and reasonable method to\n\nequitably allocate the Net Settlement Fund among Settlement Class Members who suffered losses\n\nas result of the conduct alleged in the Action.\n\n 75. The Plan of Allocation is set forth at pages 16 to 21 of the Notice. See Marquez\n\nDecl., Ex. A at pp. 16-21. As described in the Notice, the objective of the Plan of Allocation is to\n\ndistribute the Settlement proceeds equitably among those Settlement Class Members who suffered\n\neconomic losses as a proximate result of the alleged securities law violations. See Notice \u00b6 66. The\n\ncalculations under the Plan of Allocation are intended as a method to weigh the claims of\n\nSettlement Class Members against one another for the purposes of making an equitable allocation\n\nof the Net Settlement Fund. Id.\n\n 76. In developing the Plan of Allocation, Lead Plaintiffs\u2019 damages expert calculated\n\nthe estimated amount of artificial inflation in the per-share price of AdaptHealth common stock\n\nthat was allegedly proximately caused by Defendants\u2019 alleged materially false and misleading\n\nstatements or omissions. See Notice \u00b6 67. In calculating the estimated artificial inflation allegedly\n\n\n\n 26\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 31 of 43\n\n\n\n\ncaused by those misrepresentations and omissions, Lead Plaintiffs\u2019 damages expert considered the\n\nprice changes in AdaptHealth common stock in reaction to the public disclosures that allegedly\n\ncorrected the alleged misrepresentations and omissions, adjusting for price changes on those days\n\nthat were attributable to market or industry forces. Id.\n\n 77. In order to have recoverable damages in connection with purchases or acquisitions\n\nof AdaptHealth common stock during the Settlement Class Period, the disclosure of the alleged\n\nmisrepresentations or omissions must be the cause of the decline in the price of the AdaptHealth\n\ncommon stock. In this case, Lead Plaintiffs alleged that Defendants made false statements and\n\nomitted material facts from August 4, 2020 through November 6, 2023, which had the effect of\n\nartificially inflating the price of AdaptHealth common stock. Lead Plaintiffs further allege that\n\ncorrective information was released to the market on March 1, 2022, February 27, 2023, May 9,\n\n2023, and November 7, 2023, which removed the artificial inflation from the price of AdaptHealth\n\ncommon stock on March 2, 2022, February 28, 2023, March 1, 2023, May 9, 2023, November 7,\n\n2023, and November 8, 2023. See Notice \u00b6 68. In order to be eligible under the Plan of Allocation,\n\nshares of AdaptHealth common stock must have been purchased or otherwise acquired during the\n\nSettlement Class Period and held through the issuance of at least one alleged corrective disclosure.\n\nId. \u00b6 69.\n\n 78. Recognized Loss Amounts are calculated under the Plan of Allocation for each\n\npurchase or acquisition of AdaptHealth common stock during the Settlement Class Period that is\n\nlisted on a Claimant\u2019s Claim Form and for which adequate documentation is provided. For shares\n\npurchased during the Class Period and sold prior to the close of trading on March 1, 2022, the\n\nRecognized Loss Amount is zero because, as discussed above, those shares were not damaged by\n\nthe alleged misstatements. See Notice \u00b6 71A. For shares purchased during the Settlement Class\n\n\n\n\n 27\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 32 of 43\n\n\n\n\nPeriod and sold from March 2, 2022 through November 6, 2023, the Recognized Loss Amount is\n\ncalculated as the lesser of: (i) the amount of artificial inflation on the date of purchase/acquisition\n\nminus the amount of artificial inflation per share on the date of sale; or (ii) the purchase price\n\nminus the sale price. Id. \u00b6 71B. For shares sold on November 7, 2023, the Recognized Loss is the\n\nlesser of (i) artificial inflation on the date of purchase/acquisition, or (ii) the purchase price minus\n\nthe sale price. Id. \u00b6 71C. For shares sold during the 90-day period after the Settlement Class Period,\n\nthe Recognized Loss Amount is the least of: (i) the artificial inflation on the date of\n\npurchase/acquisition; (ii) the purchase price minus the sale price; or (iii) the purchase price minus\n\nthe average closing price between November 7, 2023 and the date of sale. Id. \u00b6 71D. For shares\n\npurchased during the Settlement Class Period and held until the end of the 90-day period after the\n\nSettlement Class Period (February 2, 2024) or longer, the Recognized Loss Amount is the lesser\n\nof: (i) the artificial inflation on the date of purchase/acquisition; or (ii) the purchase price minus\n\n$7.63, the average closing price for AdaptHealth stock from November 7, 2023 through February\n\n2, 2024. Id. \u00b6 71E.\n\n 79. The sum of a Claimant\u2019s Recognized Loss Amounts for all of his, her, or its\n\npurchases of AdaptHealth common stock during the Settlement Class Period is the Claimant\u2019s\n\n\u201cRecognized Claim.\u201d Notice \u00b6 73. The Plan of Allocation also limits Claimants\u2019 Recognized Claim\n\nbased on whether they had an overall market loss in their transactions in AdaptHealth common\n\nstock during the Settlement Class Period. A Claimant\u2019s Recognized Claim will be limited to the\n\namount of his, her, or its market loss in AdaptHealth common stock transactions during the\n\nSettlement Class Period, and Claimants who have an overall market gain are not eligible for a\n\nrecovery. Id. \u00b6\u00b6 80-81.\n\n\n\n\n 28\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 33 of 43\n\n\n\n\n 80. The Net Settlement Fund will be allocated to Authorized Claimants on a pro rata\n\nbasis based on the relative size of their Recognized Claims. Notice \u00b6 82. If an Authorized\n\nClaimant\u2019s pro rata distribution amount calculates to less than ten dollars, no payment will be\n\nmade to that Authorized Claimant. Id. \u00b6 83. Those funds will be included in the distribution to the\n\nAuthorized Claimants whose payments exceed the ten-dollar minimum. Id.\n\n 81. One hundred percent of the Net Settlement Fund will be distributed to Authorized\n\nClaimants. If any funds remain after the initial pro rata distribution, as a result of uncashed or\n\nreturned checks or other reasons, subsequent cost-effective distributions to Authorized Claimants\n\nwill be conducted. Notice \u00b6 84. Only when the residual amount left for re-distribution to Settlement\n\nClass Members is so small that a further re-distribution would not be cost effective (for example,\n\nwhere the administrative costs of conducting the additional distribution would largely subsume the\n\nfunds available) will those funds be donated to one or more non-sectarian, not-for-profit, 501(c)(3)\n\norganizations to be selected by Lead Counsel and approved by the Court. See id.\n\n 82. In sum, the Plan of Allocation was designed to fairly and rationally allocate the\n\nproceeds of the Net Settlement Fund among Settlement Class Members based on damages they\n\nsuffered on purchases of AdaptHealth common stock that were attributable to the misconduct\n\nalleged in the Action. Accordingly, Lead Counsel respectfully submits that the Plan of Allocation\n\nis fair and reasonable and should be approved by the Court. To date, no objections to the proposed\n\nPlan of Allocation have been received.\n\nVI. THE FEE AND EXPENSE APPLICATION\n\n 83. In addition to seeking final approval of the Settlement and Plan of Allocation, Lead\n\nCounsel is applying to the Court, on behalf of all Lead Plaintiffs\u2019 Counsel, for an award of\n\n\n\n\n 29\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 34 of 43\n\n\n\n\nattorneys\u2019 fees of 25% of the Settlement Fund (the \u201cFee Application\u201d).4 Lead Counsel also requests\n\npayment for litigation expenses incurred by Lead Plaintiffs\u2019 Counsel in connection with the\n\nprosecution and settlement of the Action in the amount of $191,222.40. Lead Counsel further\n\nrequests reimbursement to Lead Plaintiffs of a total of $41,208.30 in costs and expenses that Lead\n\nPlaintiffs incurred directly related to their representation of the Settlement Class, as permitted by\n\nthe PSLRA, 15 U.S.C. \u00a7 78u-4(a)(4). The requested attorneys\u2019 fees, litigation expenses, and\n\nPSLRA awards are to be paid from the Settlement Fund. The legal authorities supporting the\n\nrequested fee and expenses are discussed in Lead Counsel\u2019s Fee Memorandum. The primary\n\nfactual bases for the requested fee and expenses are summarized below.\n\n The Fee Application\n\n 84. Lead Counsel is applying for a fee award to be paid from the Settlement Fund on a\n\npercentage basis. As set forth in the accompanying Fee Memorandum, the percentage method is\n\nthe appropriate method of fee recovery because it aligns the lawyers\u2019 interest in being paid a fair\n\nfee with the interest of the Lead Plaintiffs and the Settlement Class in achieving the maximum\n\nrecovery in the shortest amount of time required under the circumstances and taking into account\n\nthe litigation risks faced in a class action. Use of the percentage method has been recognized as\n\nappropriate by the Third Circuit in comparable cases.\n\n 85. Based on the quality of the result achieved, the extent and quality of the work\n\nperformed by Lead Plaintiffs\u2019 Counsel, the significant risks of the litigation, and the fully\n\ncontingent nature of the representation, Lead Counsel respectfully submits that the requested fee\n\naward is reasonable and should be approved. As discussed in the Fee Memorandum, a 25% fee\n\n\n4\n As noted above, \u201cLead Plaintiffs\u2019 Counsel\u201d are (a) Lead Counsel BLB&G; (b) Kaskela Law\nLLC, liaison counsel for Lead Plaintiffs and the Settlement Class, and (c) Koskie Minsky LLP,\nadditional counsel for Lead Plaintiff Local 793.\n\n\n 30\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 35 of 43\n\n\n\n\naward is fair and reasonable for attorneys\u2019 fees in common fund cases such as this and is well\n\nwithin the range of percentages awarded in securities class actions in this Circuit with comparable\n\nsettlements.\n\n 1. Lead Plaintiffs Have Authorized and Support the Fee Application\n\n 86. Lead Plaintiffs are sophisticated institutional investors that closely supervised and\n\nmonitored the prosecution and settlement of the Action. See Szymanski Decl. (Ex. 2), at \u00b6\u00b6 3-5;\n\nNos\u00e8 Decl. (Ex. 3), at \u00b6\u00b6 3-5; Toman Decl. (Ex. 4), at \u00b6\u00b6 3-5. Lead Plaintiffs fully support Lead\n\nCounsel\u2019s requested fee of 25% of the Settlement Fund. Lead Plaintiffs have evaluated the Fee\n\nApplication and believe that it is fair and reasonable in light of the result obtained for the\n\nSettlement Class, the substantial risks in the litigation, and the work performed by Lead Plaintiffs\u2019\n\nCounsel. See Szymanski Decl. (Ex. 2), at \u00b6 7; Nos\u00e8 Decl. (Ex. 3), at \u00b6 7; Toman Decl. (Ex. 4), at\n\n\u00b6 7. Lead Plaintiffs\u2019 endorsement of Lead Counsel\u2019s Fee Application further demonstrates its\n\nreasonableness and should be given weight in the Court\u2019s consideration of the fee award.\n\n 2. The Time and Labor of Lead Plaintiffs\u2019 Counsel\n\n 87. The time and labor expended by Lead Plaintiffs\u2019 Counsel in pursuing this Action\n\nand achieving the Settlement also support the reasonableness of the requested fee. Attached in\n\nsupport of the motion for attorneys\u2019 fees and litigation expenses as Exhibits 8A, 8B, and 8C are\n\nmy declaration on behalf of BLB&G, the declaration of D. Seamus Kaskela on behalf of Liaison\n\nCounsel Kaskela Law LLC, and the declaration of Mark Zigler on behalf of Koskie Minsky LLP,\n\nadditional counsel for Lead Plaintiff Local 793 (collectively, the \u201cFee and Expense Declarations\u201d).\n\nThe Fee and Expense Declarations indicate the amount of time spent by each attorney and the\n\nprofessional support staff employed by each firm on the Action from its inception through March\n\n15, 2026, and the lodestar calculations based on their current hourly rates. The Fee and Expense\n\nDeclarations also include schedules of expenses incurred by each firm, delineated by category.\n\n\n 31\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 36 of 43\n\n\n\n\nThese Declarations were prepared from contemporaneous daily time records and expense records\n\nregularly maintained and prepared by the respective firms, which are available at the request of\n\nthe Court.\n\n 88. As set forth in the Fee and Expense Declarations, Lead Plaintiffs\u2019 Counsel have\n\ncollectively expended 3,644.45 hours in the prosecution of this Action, with a total lodestar of\n\n$3,300,117.02. If the Court awards the Litigation Expenses as requested, the requested fee of 25%\n\nof the Settlement Fund will be $8,750,000, plus interest. Accordingly, the requested fee represents\n\na 2.65 multiplier on Lead Plaintiffs\u2019 Counsel\u2019s lodestar. As discussed in the Fee Memorandum,\n\nthis multiplier is well within the range of multipliers awarded in comparable cases and thus\n\nsupports the reasonableness of the requested fee.\n\n 89. As described above in greater detail, the work that Lead Plaintiffs\u2019 Counsel\n\nperformed in this Action included: (i) conducting a thorough investigation into the class\u2019s claims,\n\nwhich involved a detailed review of publicly available information, interviews with former\n\nAdaptHealth employees, and extensive legal research to confirm the theories of liability that Lead\n\nPlaintiffs could pursue on behalf of the class and satisfy the applicable pleading standards;\n\n(ii) drafting and filing the detailed Complaint based on this investigation; (iii) briefing in\n\nopposition to Defendants\u2019 motion to dismiss; (iv) working with experts; and (v) engaging in\n\nvigorous arm\u2019s-length negotiations (including a full-day in-person mediation session) to achieve\n\nthe Settlement. At all times throughout the Action, Lead Plaintiffs\u2019 Counsel\u2019s efforts were driven\n\nand focused on advancing the litigation to achieve the most successful outcome for the class,\n\nwhether through settlement or trial, by the most efficient means possible.\n\n\n\n\n 32\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 37 of 43\n\n\n\n\n 90. Throughout the litigation, Lead Plaintiffs\u2019 Counsel maintained an appropriate level\n\nof staffing that avoided unnecessary duplication of effort and ensured the efficient prosecution of\n\nthis litigation.\n\n 3. The Skill and Experience of Lead Plaintiffs\u2019 Counsel\n\n 91. The skill and expertise of Lead Plaintiffs\u2019 Counsel also support the requested fee.\n\nAs demonstrated by the firm resume attached as Exhibit 8A-3, Lead Counsel is among the most\n\nexperienced and skilled law firms in the securities litigation field, with a long and successful track\n\nrecord representing investors in such cases. Liaison Counsel Kaskela is also highly skilled and\n\nextremely knowledgeable counsel, and Koskie Minsky LLP has worked extensively with Lead\n\nPlaintiff Local 793, including assisting in its representation in prior securities class actions. We\n\nbelieve Lead Plaintiffs\u2019 Counsel\u2019s skill and their willingness and ability to prosecute the claims\n\nvigorously through trial, if necessary, added valuable leverage in the settlement negotiations.\n\n 4. Standing and Caliber of Defendants\u2019 Counsel\n\n 92. The quality of the work performed by Lead Plaintiffs\u2019 Counsel in attaining the\n\nSettlement should also be evaluated in light of the caliber of opposing counsel. Defendants were\n\nrepresented by attorneys from Willkie Farr & Gallagher LLP and A&O Shearman\u2014two highly\n\nexperienced and well-resourced law firms that zealously represented their clients. In the face of\n\nthis formidable opposition, Lead Counsel was nonetheless able to develop a case that was\n\nsufficiently strong to persuade Defendants to settle the case on terms that will significantly benefit\n\nthe Settlement Class.\n\n 5. The Risks of Litigation and the Need to Ensure the Availability of\n Competent Counsel in High-Risk Contingent Cases\n\n 93. The prosecution of these claims was undertaken entirely on a contingent-fee basis,\n\nand the considerable risks assumed by Lead Counsel in bringing this Action to a successful\n\n\n\n 33\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 38 of 43\n\n\n\n\nconclusion are described above. Those risks are relevant to the Court\u2019s evaluation of an award of\n\nattorneys\u2019 fees. Here, the risks assumed by Lead Counsel, and the time and expenses incurred\n\nwithout any payment, were extensive.\n\n 94. From the outset, Lead Counsel understood that it was embarking on a complex,\n\nexpensive, lengthy, and hard-fought litigation with no guarantee of ever being compensated for\n\nthe substantial investment of time and the significant outlay of money that vigorous prosecution\n\nof the case would require. In undertaking that responsibility, Lead Counsel was obligated to ensure\n\nthat sufficient resources (in terms of attorney and support staff time) were dedicated to the\n\nlitigation, and that Lead Counsel would further advance all of the costs necessary to pursue the\n\ncase vigorously on a fully contingent basis, including funds to compensate vendors and consultants\n\nand to cover the considerable out-of-pocket costs that a case such as this typically demands.\n\nBecause complex securities litigation often proceeds for several years before reaching any\n\nresolution, the financial burden on contingent-fee counsel is significantly greater than on a firm\n\nthat is paid on an ongoing basis. Indeed, Lead Plaintiffs\u2019 Counsel have received no compensation\n\nduring the more than two-year duration of this Action and no reimbursement of out-of-pocket\n\nexpenses, yet they have devoted more than 3,600 hours and incurred more than $190,000 in\n\nexpenses in prosecuting this Action for the benefit of AdaptHealth investors.\n\n 95. Lead Plaintiffs\u2019 Counsel also bore the risk that no recovery would be achieved. As\n\ndiscussed above, from the outset this case presented a number of significant risks and uncertainties.\n\n 96. As noted above, the Settlement was reached only after the Lead Counsel had\n\nconducted a thorough investigation and drafted a detailed Complaint and the Settling Parties had\n\nfully briefed Defendants\u2019 motion to dismiss. However, had the Settlement not been reached when\n\nit was and this litigation continued, Lead Counsel would have been required to conduct substantial\n\n\n\n\n 34\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 39 of 43\n\n\n\n\nfact and expert discovery; brief a motion for class certification; oppose Defendants\u2019 expected\n\nmotions for summary judgment; and prepare and take the case to trial. Moreover, even if the jury\n\nreturned a favorable verdict after trial, it is likely that any verdict would be the subject of post-trial\n\nmotions and appeals.\n\n 97. Lead Counsel\u2019s persistent efforts in the face of significant risks and uncertainties\n\nhave resulted in a significant and certain recovery for the Settlement Class. In light of this recovery\n\nand Lead Plaintiffs\u2019 Counsel\u2019s investment of time and resources over the course of the litigation,\n\nLead Counsel believes the requested attorneys\u2019 fee is fair and reasonable and should be approved.\n\n 6. The Reaction of the Settlement Class to the Fee Application\n\n 98. As noted above, as of April 7, 2026, over 61,000 Notice Packets had been sent to\n\npotential Settlement Class Members advising them that Lead Counsel would apply for attorneys\u2019\n\nfees in an amount not to exceed 25% of the Settlement Fund. See Marquez Decl. \u00b6 10 and Ex. A\n\n(Notice \u00b6\u00b6 5, 46). In addition, the Court-approved Summary Notice has been published in The Wall\n\nStreet Journal and transmitted over the PR Newswire. See Marquez Decl. \u00b6 11. To date, no\n\nobjections to the request for attorneys\u2019 fees have been received.\n\n 99. In sum, Lead Counsel accepted this case on a contingency basis, committed\n\nsignificant resources to it, and prosecuted it diligently without any compensation or guarantee of\n\nsuccess. Based on the highly favorable result obtained, the quality of the work performed, the\n\nsubstantial risks of the Action, and the contingent nature of the representation, Lead Counsel\n\nrespectfully submits that the requested fee is fair and reasonable.\n\n The Litigation Expense Application\n\n 100. Lead Counsel also seek payment from the Settlement Fund of $191,222.40 for\n\nlitigation expenses reasonably incurred by Lead Plaintiffs\u2019 Counsel in connection with the\n\nprosecution and resolution of the Action (the \u201cExpense Application\u201d).\n\n\n 35\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 40 of 43\n\n\n\n\n 101. From the outset of the Action, Lead Plaintiffs\u2019 Counsel have been aware that they\n\nmight not recover any of their expenses (if the litigation was unsuccessful), and, further, if there\n\nwere to be reimbursement of expenses, it would not occur until the Action was successfully\n\nresolved, often a period lasting several years. Lead Plaintiffs\u2019 Counsel also understood that, even\n\nassuming that the case was ultimately successful, reimbursement of expenses would not\n\nnecessarily compensate them for the lost use of funds advanced by them to prosecute the Action.\n\nConsequently, Lead Plaintiffs\u2019 Counsel were motivated to, and did, take significant steps to\n\nminimize expenses whenever practicable without jeopardizing the vigorous and efficient\n\nprosecution of the case.\n\n 102. As set forth in the Fee and Expense Declarations included in Exhibit 8, Lead\n\nPlaintiffs\u2019 Counsel have incurred a total of $191,222.40 in unreimbursed litigation expenses in\n\nconnection with the prosecution of the Action. The expenses are summarized in Exhibit 9, which\n\nidentifies each category of expense, e.g., expert costs, mediation fees, on-line legal and factual\n\nresearch, telephone, and travel costs, and the amount incurred for each category. These expenses\n\nare reflected on the books and records maintained by Lead Plaintiffs\u2019 Counsel, which are prepared\n\nfrom expense vouchers, check records, and other source materials and are an accurate record of\n\nthe expenses incurred. These expenses are recorded separately by Lead Plaintiffs\u2019 Counsel and are\n\nnot duplicated by the firms\u2019 hourly rates.\n\n 103. Of the total amount of expenses, $96,521.25, or approximately 50%, was expended\n\nfor the retention of experts. As discussed above, Lead Counsel consulted with an accounting expert\n\nand a financial economics expert (concerning loss causation and damages issues) during its\n\ninvestigation and the preparation of the Complaint, and in preparation for settlement negotiations.\n\n\n\n\n 36\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 41 of 43\n\n\n\n\nThese experts\u2019 advice was instrumental in Lead Counsel\u2019s appraisal of the claims and in helping\n\nachieve the favorable result in the Action.\n\n 104. Lead Counsel also incurred a total of $47,109.73 for the costs of online factual and\n\nlegal research, which together accounted for approximately 25% of the total expenses.\n\n 105. Lead Plaintiffs\u2019 share of the mediation costs paid to Phillips ADR for the services\n\nof Mr. Murphy was $41,125.00 or 21.5% of the total expenses.\n\n 106. The other expenses for which Lead Plaintiffs\u2019 Counsel seek payment are the types\n\nof expenses that are necessarily incurred in litigation and routinely charged to clients billed by the\n\nhour. These expenses include, among others, court fees, service of process, travel costs, and\n\ntelephone charges.\n\n 107. In addition, Lead Plaintiffs seek reimbursement of a total of $41,208.30 for the\n\nreasonable costs and expenses that they incurred directly in connection with their representation\n\nof the Settlement Class, based on the time dedicated to the Action by their employees. Specifically,\n\nLead Plaintiff ACERS seeks $5,730.80 based on the 45.25 hours that its employees and counsel\n\ndedicated to the Action. See Szymanski Decl. \u00b6\u00b6 9-10. Lead Plaintiff Local 793 requests $28,140\n\nin compensation for 69.8 hours dedicated by its employees and trustees. See Nos\u00e8 Decl. \u00b6\u00b6 9-10.\n\nLead Plaintiff Tallahassee requests $7,337.50 in compensation for the 26.75 hours devoted by\n\nattorneys in the Tallahassee City Attorney\u2019s office. See Toman Decl. \u00b6\u00b6 9-10. Such payments are\n\nexpressly authorized and anticipated by the PSLRA, as more fully discussed in the Fee\n\nMemorandum at 17-19.\n\n 108. The Notice informed potential Settlement Class Members that Lead Counsel would\n\nbe seeking reimbursement of Litigation Expenses in an amount not to exceed $350,000, which\n\nmight include PSLRA awards for Lead Plaintiffs. Notice \u00b6\u00b6 5, 46. The total amount requested,\n\n\n\n\n 37\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 42 of 43\n\n\n\n\n$232,430.70, which includes $191,222.40 for Lead Plaintiffs\u2019 Counsel\u2019s litigation expenses and a\n\ntotal of $41,208.30 for Lead Plaintiffs\u2019 requested PSLRA awards, is well below the $350,000 that\n\nSettlement Class Members were advised could be sought. To date, no objection has been raised as\n\nto the maximum amount of expenses set forth in the Notice.\n\n 109. The expenses incurred by Lead Plaintiffs\u2019 Counsel and Lead Plaintiffs were\n\nreasonable and necessary to represent the Settlement Class and achieve the Settlement.\n\nAccordingly, Lead Counsel respectfully submits that the application for payment of Litigation\n\nExpenses from the Settlement Fund should be approved.\n\n 110. Attached hereto as Exhibit 10 is a compendium of true and correct copies of the\n\nfollowing unpublished opinions and authority cited in the Fee Memorandum.\n\nVII. CONCLUSION\n\n 111. For all the foregoing reasons, Lead Plaintiffs respectfully submit that the Settlement\n\nand Plan of Allocation should be approved as fair, reasonable, and adequate. Lead Counsel further\n\nsubmit that the requested fee in the amount of 25% of the Settlement Fund should be approved as\n\nfair and reasonable, and the request for payment of Lead Plaintiffs\u2019 Counsel\u2019s expenses in the\n\namount of $191,222.40 should also be approved, as well as Lead Plaintiffs\u2019 request for\n\nreimbursement of total of $41,208.30 in reasonable costs that were directly related to their\n\nrepresentation of the Settlement Class, as authorized by the PSLRA.\n\n I declare, under penalty of perjury, that the foregoing is true and correct.\n\nExecuted this 8th day of April, 2026.\n\n /s/ Katherine M. Sinderson\n Katherine M. Sinderson\n\n\n\n\n 38\n\f Case 2:23-cv-04104-MRP Document 100 Filed 04/08/26 Page 43 of 43\n\n\n\n\n CERTIFICATION OF SERVICE\n\n I HEREBY CERTIFY that on April 8, 2026, I caused the Declaration of Katherine M.\n\nSinderson in Support of (I) Lead Plaintiffs\u2019 Motion for Final Approval of Settlement and Plan of\n\nAllocation and its exhibits to be electronically filed with the Clerk of the Court using the ECF\n\nsystem. Notice of this filing will be sent to all counsel of record by operation of the Court\u2019s\n\nelectronic filing system and the filing will be available for viewing and downloading from the\n\nCM/ECF system.\n\n /s/ Katherine M. Sinderson\n Katherine M. Sinderson\n\n\n\n\n 39\n\f","ocr_status":2,"date_upload":"2026-06-22T23:13:02.578741-07:00","document_number":"100","attachment_number":null,"pacer_doc_id":"153023728871","is_available":true,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Declaration","acms_document_guid":""}],"date_created":"2026-04-08T14:31:59.503984-07:00","date_modified":"2026-10-20T06:53:46.191311-07:00","date_filed":"2026-04-08","time_filed":"16:53:43","entry_number":100,"recap_sequence_number":"2026-04-08.003","pacer_sequence_number":451,"description":"Declaration re 98 MOTION for Approval [Lead Plaintiffs' Motion for Final Approval of Settlement and Plan of Allocation], 99 MOTION for Attorney Fees [Lead Counsel's Motion for Attorneys' Fees and Litigation Expenses] by ALLEGHENY COUNTY EMPLOYEES RETIREMENT SYSTEM,, City of Tallahassee Pension Plan, International Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of Ontario. (Attachments: # 1 Exhibit 1 - Murphy Declaration, # 2 Exhibit 2 - Szymanski Declaration, # 3 Exhibit 3 - Nose Declaration, # 4 Exhibit 4 - Toman Declaration, # 5 Exhibit 5 - Cornerstone - 2025 SCAS Filings, # 6 Exhibit 6 - Cornerstone - 2025 SCAS Settlements, # 7 Exhibit 7 - Marquez Declaration for Kroll, # 8 Exhibit 8 - Summary of Lead Plaintiffs' Counsel's Hours, Lodestar & Expenses, # 9 Exhibit 8A - Sinderson Declaration for BLB&G, # 10 Exhibit 8B - Kaskela Declaration, # 11 Exhibit 8C - Zigler Declaration for Koskie Minsky, # 12 Exhibit 9 - Lead Plaintiffs' Counsel's Expenses by Category, # 13 Exhibit 10 - Compendium of Unpublished Authority)(SINDERSON, KATHERINE) (Entered: 04/08/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/460128893/","id":460128893,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/475177818/","id":475177818,"tags":[],"absolute_url":"/docket/67911036/98/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-04-08T13:33:19.885683-07:00","date_modified":"2026-04-08T13:33:19.892731-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"98","attachment_number":null,"pacer_doc_id":"153023728724","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Approval","acms_document_guid":""}],"date_created":"2026-04-08T13:33:19.863070-07:00","date_modified":"2026-10-20T06:53:46.150409-07:00","date_filed":"2026-04-08","time_filed":"16:15:16","entry_number":98,"recap_sequence_number":"2026-04-08.001","pacer_sequence_number":447,"description":"MOTION for Approval [Lead Plaintiffs' Motion for Final Approval of Settlement and Plan of Allocation] filed by ALLEGHENY COUNTY EMPLOYEES RETIREMENT SYSTEM,, City of Tallahassee Pension Plan, International Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of Ontario.Memorandum, Certificate of Service. (Attachments: # 1 Memorandum)(SINDERSON, KATHERINE) (Entered: 04/08/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/460128881/","id":460128881,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/475177806/","id":475177806,"tags":[],"absolute_url":"/docket/67911036/99/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-04-08T13:33:18.896856-07:00","date_modified":"2026-04-08T13:33:18.903117-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"99","attachment_number":null,"pacer_doc_id":"153023728745","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Attorney Fees","acms_document_guid":""}],"date_created":"2026-04-08T13:33:18.873131-07:00","date_modified":"2026-10-20T06:53:46.179482-07:00","date_filed":"2026-04-08","time_filed":"16:23:57","entry_number":99,"recap_sequence_number":"2026-04-08.002","pacer_sequence_number":449,"description":"MOTION for Attorney Fees [Lead Counsel's Motion for Attorneys' Fees and Litigation Expenses] filed by ALLEGHENY COUNTY EMPLOYEES RETIREMENT SYSTEM,, City of Tallahassee Pension Plan, International Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of Ontario.Memorandum, Certificate of Service. (Attachments: # 1 Memorandum)(SINDERSON, KATHERINE) (Entered: 04/08/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/452389182/","id":452389182,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/467255996/","id":467255996,"tags":[],"absolute_url":"/docket/67911036/96/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-02-02T10:18:47.935008-08:00","date_modified":"2026-02-02T10:18:47.940676-08:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"96","attachment_number":null,"pacer_doc_id":"153023544797","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order","acms_document_guid":""}],"date_created":"2026-02-02T10:18:47.914282-08:00","date_modified":"2026-10-20T06:53:46.091783-07:00","date_filed":"2026-02-02","time_filed":"12:59:18","entry_number":96,"recap_sequence_number":"2026-02-02.001","pacer_sequence_number":443,"description":"ORDER PRELIMINARILY APPROVINGSETTLEMENT AND PROVIDING FOR NOTICE; AS IT IS OUTLINE HEREIN.. SIGNED BY DISTRICT JUDGE MIA ROBERTS PEREZ ON 2/2/26. 2/2/26 ENTERED AND COPIES E-MAILED.(bw) (Main Document 96 replaced on 2/5/2026 *Per Chambers Request) (bw). Modified on 2/5/2026 (bw).\\ (Entered: 02/02/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/452389176/","id":452389176,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/467255991/","id":467255991,"tags":[],"absolute_url":"/docket/67911036/97/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-02-02T10:18:47.699308-08:00","date_modified":"2026-02-02T10:18:47.710914-08:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"97","attachment_number":null,"pacer_doc_id":"153023544803","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order on Motion for Approval","acms_document_guid":""}],"date_created":"2026-02-02T10:18:47.672443-08:00","date_modified":"2026-10-20T06:53:46.116870-07:00","date_filed":"2026-02-02","time_filed":"13:01:54","entry_number":97,"recap_sequence_number":"2026-02-02.002","pacer_sequence_number":445,"description":"ORDER THAT UPON REVIEW OF THE UNOPPOSED MOTION FORPRELIMINARY APPROVAL OF PROPOSED SETTLEMENT AND APPROVAL OF NOTICE TO THE SETTLEMENT CLASS(ECF NO. 94) IT IS HEREBY ORDERED THAT THE MOTION IS GRANTED. SIGNED BY DISTRICT JUDGE MIA ROBERTS PEREZ ON 2/2/26.2/2/26 ENTERED AND COPIES E-MAILED.(bw) (Main Document 97 replaced on 2/5/2026 *Per Chambers Request) (bw). Modified on 2/5/2026 (bw). (Entered: 02/02/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/450196698/","id":450196698,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/465008693/","id":465008693,"tags":[],"absolute_url":"/docket/67911036/95/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-01-13T13:12:05.957610-08:00","date_modified":"2026-01-23T11:00:21.886762-08:00","sha1":"32c1ede3f31abadbb8fa933bdf3d7a9b863325b5","page_count":1,"file_size":122525,"filepath_local":"recap/gov.uscourts.paed.614970/gov.uscourts.paed.614970.95.0.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.paed.614970/gov.uscourts.paed.614970.95.0.pdf","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":" Case 2:23-cv-04104-MRP Document 95 Filed 01/13/26 Page 1 of 1\n\n\n\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\nIn re AdaptHealth Corp. Securities Litigation Case No. 2:23-cv-04104-MRP\n\n\n\n\n ORDER\n\n\n AND NOW, this 13th day of January, 2026, upon consideration of Defendants' Motion to\n\nDismiss (ECF No. 65), and having been advised that the Parties have conferred and agree that, in\n\nlight of the Parties\u2019 proposed settlement, the motion may be denied as moot, it is hereby\n\nORDERED that the Motion is DENIED AS MOOT because the Parties have entered a\n\nsettlement agreement that is pending Court approval. This denial is WITHOUT PREJUDICE.\n\n\n\n\n BY THE COURT:\n\n\n\n\n HON. MIA R. PEREZ\n\f","ocr_status":2,"date_upload":"2026-01-22T21:37:03.265980-08:00","document_number":"95","attachment_number":null,"pacer_doc_id":"153023490736","is_available":true,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order on Motion to Dismiss","acms_document_guid":""}],"date_created":"2026-01-13T13:12:05.880629-08:00","date_modified":"2026-01-22T21:33:23.567828-08:00","date_filed":"2026-01-13","time_filed":"16:01:01","entry_number":95,"recap_sequence_number":"2026-01-13.001","pacer_sequence_number":441,"description":"ORDER THAT THE DEFENDANT'S MOTION TO DISMISS 65 IS DENIED AS MOOT. THIS DENIAL IS WITHOUT PREJUDICE.. SIGNED BY DISTRICT JUDGE MIA ROBERTS PEREZ ON 1/13/26.1/13/26 ENTERED AND COPIES E-MAILED.(bw) (Entered: 01/13/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/447832304/","id":447832304,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/462593671/","id":462593671,"tags":[],"absolute_url":"/docket/67911036/94/in-re-adapthealth-corp-securities-litigation/","date_created":"2025-12-19T13:23:58.437927-08:00","date_modified":"2026-01-22T21:33:23.541368-08:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"94","attachment_number":null,"pacer_doc_id":"153023439497","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Approval","acms_document_guid":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/485203269/","id":485203269,"tags":[],"absolute_url":"/docket/67911036/94/1/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-07-06T12:48:41.373343-07:00","date_modified":"2026-07-06T12:48:41.373355-07:00","sha1":"","page_count":30,"file_size":101568,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"94","attachment_number":1,"pacer_doc_id":"153023439498","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":2,"description":"Memorandum","acms_document_guid":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/485203270/","id":485203270,"tags":[],"absolute_url":"/docket/67911036/94/2/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-07-06T12:48:41.412444-07:00","date_modified":"2026-07-17T15:28:16.958325-07:00","sha1":"15e065843a4c35dfbea2beb676c69243fa54d35c","page_count":119,"file_size":911441,"filepath_local":"recap/gov.uscourts.paed.614970/gov.uscourts.paed.614970.94.2.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.paed.614970/gov.uscourts.paed.614970.94.2.pdf","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 1 of 119\n\n\n\n\n Exhibit 1\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 2 of 119\n\n EXECUTION COPY\n\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\nIn re AdaptHealth Corp. Securities Litigation Case No. 2:23-cv-04104-MRP\n\n\n\n\n STIPULATION AND AGREEMENT OF SETTLEMENT\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 3 of 119\n\n\n\n\n This Stipulation and Agreement of Settlement, dated as of December 18, 2025 (the\n\n\u201cStipulation\u201d) is entered into by and among the following: (a) Lead Plaintiffs Allegheny County\n\nEmployees\u2019 Retirement System (\u201cACERS\u201d), International Union of Operating Engineers, Local\n\nNo. 793, Members Pension Benefit Trust of Ontario (\u201cLocal 793\u201d), and City of Tallahassee\n\nPension Plan (\u201cTallahassee\u201d) ( \u201cLead Plaintiffs\u201d), on behalf of themselves and the Settlement Class\n\n(defined below); and (b) defendants AdaptHealth Corp. (\u201cAdaptHealth\u201d or the \u201cCompany\u201d), Luke\n\nMcGee, Stephen P. Griggs, Joshua Parnes, Jason A. Clemens, Shaw Rietkerk, Wendy Russalesi,\n\nRodney Carson, Alan Quasha, Frank J. Mullen, Richard Barasch, Terence Connors, Dr. Susan\n\nWeaver, Dale Wolf, Bradley Coppens, and David S. Williams III (collectively, the \u201cIndividual\n\nDefendants,\u201d and, together with AdaptHealth, the \u201cAdaptHealth Defendants\u201d), and Deutsche Bank\n\nSecurities Inc., Jefferies LLC, BofA Securities, Inc., Truist Securities, Inc., Robert W. Baird &\n\nCo. Incorporated, RBC Capital Markets, LLC, Stifel, Nicolaus & Company, Incorporated, UBS\n\nSecurities LLC, Canaccord Genuity LLC, and Leerink Partners LLC (collectively, the\n\n\u201cUnderwriter Defendants,\u201d and, together with the AdaptHealth Defendants, \u201cDefendants\u201d), by and\n\nthrough their respective undersigned counsel. Subject to the approval of the United States District\n\nCourt for the Eastern District of Pennsylvania pursuant to Rule 23(e) of the Federal Rules of Civil\n\nProcedure and the terms and conditions expressly provided herein, Lead Plaintiffs and Defendants\n\n(together, the \u201cSettling Parties\u201d) state this Stipulation is intended to fully, finally, and forever\n\ncompromise, settle, release, resolve, and dismiss with prejudice the above-captioned action (the\n\n\u201cAction\u201d) and all Released Plaintiffs\u2019 Claims as against Defendants and Released Defendant\n\nParties.1\n\n\n\n\n1\n All terms with initial capitalization not otherwise defined herein shall have the meanings ascribed\nto them in \u00b6 1 herein.\n\n -1-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 4 of 119\n\n\n\n\nI. THE ACTION\n\n The Action is currently pending before the Honorable Mia R. Perez in the United States\n\nDistrict Court for the Eastern District of Pennsylvania (the \u201cCourt\u201d). The initial complaint in the\n\nAction was filed on October 24, 2023 by ACERS (ECF No. 1), alleging claims under\n\nSections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d) and\n\nSections 11, 12(a)(2), and 15 of the Securities Act of 1933 (the \u201cSecurities Act\u201d). On\n\nJanuary 23, 2024, pursuant to the Private Securities Litigation Reform Act of 1995, the Court\n\nappointed ACERS, Local 793, and Tallahassee as Lead Plaintiffs for the Action and approved their\n\nselection of Bernstein Litowitz Berger & Grossmann LLP as Lead Counsel (ECF No. 33).\n\n On May 23, 2024, Lead Plaintiffs filed the Amended Class Complaint for Violations of the\n\nFederal Securities Laws (ECF No. 59) (the \u201cAmended Complaint\u201d), alleging that (a) AdaptHealth\n\nand individual defendants Luke McGee, Stephen P. Griggs, Joshua Parnes, Jason A. Clemens,\n\nShaw Rietkerk, Wendy Russalesi, and Rodney Carson (collectively, the \u201cIndividual Exchange Act\n\nDefendants\u201d) violated Section 10(b) of the Exchange Act and U.S. Securities and Exchange\n\nCommission (\u201cSEC\u201d) Rule 10b-5(a)\u2013(c) thereunder; (b) the Individual Exchange Act Defendants\n\nand Alan Quasha violated Section 20(a) of the Exchange Act; (c) AdaptHealth, individual\n\ndefendants Luke McGee, Joshua Parnes, Jason A. Clemens, Frank Mullen, Richard Barasch, Alan\n\nQuasha, Terence Connors, Dr. Susan Weaver, Dale Wolf, Bradley Coppens, and David S.\n\nWilliams III (collectively, the \u201cIndividual Securities Act Defendants\u201d), and the Underwriter\n\nDefendants violated Section 11 of the Securities Act; (d) the Underwriter Defendants violated\n\nSection 12(a)(2) of the Securities Act; and (e) and the Individual Securities Act Defendants\n\nviolated Section 15 of the Securities Act.\n\n More specifically, Lead Plaintiffs alleged that from August 4, 2020 through\n\nNovember 7, 2023, inclusive (the \u201cSettlement Class Period\u201d), Defendants made numerous\n\n\n -2-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 5 of 119\n\n\n\n\nmaterially false and misleading statements and omissions generally regarding AdaptHealth\u2019s\n\n(i) billing practices, (ii) compliance systems and technology, (iii) ability to integrate its\n\nacquisitions into AdaptHealth\u2019s existing compliance program and systems, and (iv) revenues and\n\nEBITDA, which caused the price of the Company\u2019s common stock to trade at artificially inflated\n\nprices until the market learned of the allegedly false and misleading nature of Defendants\u2019\n\nstatements and omissions, and the Company\u2019s stock price declined on five dates between\n\nMarch 1, 2022 and November 7, 2023. Lead Plaintiffs ACERS and Tallahassee alleged that\n\nsimilar false and misleading statements were made in connection with AdaptHealth\u2019s secondary\n\noffering of common stock that closed on January 5, 2021 (the \u201cSecondary Offering\u201d).\n\n On July 23, 2024, Defendants moved to dismiss the Amended Complaint and for judicial\n\nnotice of certain exhibits attached to their motion to dismiss. On October 1, 2024, Lead Plaintiffs\n\nfiled their opposition to both motions. On November 14, 2024, Defendants filed their reply brief.\n\nDefendants\u2019 motion to dismiss was pending at the time that the Settling Parties reached their\n\nagreement to settle.\n\n On May 27, 2025, the Settling Parties agreed to mediate and the following day jointly filed\n\na letter with the Court requesting any decision on the pending motion to dismiss be held in\n\nabeyance as the Settling Parties attempted to resolve the Action.\n\n On October 8, 2025, the Settling Parties participated in a mediation session before a\n\nnationally recognized neutral mediator and engaged in further settlement discussions following the\n\nmediation. Following the mediation, the Settling Parties participated in additional settlement\n\nnegotiations with the mediator\u2019s assistance.\n\n On October 23, 2025, the Settling Parties reached an agreement-in-principle to settle the\n\nAction for releases and a cash payment of $35,000,000, subject to negotiation of the terms of a\n\n\n\n\n -3-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 6 of 119\n\n\n\n\nstipulation of settlement and approval by the Court. This Stipulation (together with the Exhibits\n\nattached hereto) reflects the final and binding agreement between the Settling Parties.\n\nII. LEAD PLAINTIFFS\u2019 CLAIMS AND THE BENEFITS OF SETTLEMENT\n\n Based upon their investigation, prosecution, and mediation of the case, Lead Plaintiffs and\n\nLead Counsel have concluded that the terms and conditions of this Stipulation are fair, reasonable,\n\nand adequate to Lead Plaintiffs and the other members of the Settlement Class, and in their best\n\ninterests. Based on Lead Plaintiffs\u2019 direct oversight of the prosecution of this matter and with the\n\nadvice of their counsel, Lead Plaintiffs have agreed to settle and release the Released Plaintiffs\u2019\n\nClaims pursuant to the terms and provisions of this Stipulation, after considering, among other\n\nthings: (a) the substantial financial benefit that Lead Plaintiffs and other Settlement Class Members\n\nwill receive under the proposed Settlement; and (b) the significant risks and costs of continued\n\nlitigation and trial.\n\nIII. DEFENDANTS\u2019 DENIALS OF WRONGDOING AND LIABILITY\n\n Defendants have expressly denied, and continue to deny, any and all of the allegations of\n\nfault, liability, wrongdoing, or damages whatsoever arising out of any of the conduct, statements,\n\nacts, or omissions alleged, or that could have been alleged, in the Action. Defendants have also\n\nexpressly denied, and continue to deny, among other allegations, the allegations that Lead\n\nPlaintiffs or other Settlement Class Members have suffered any damages; that Lead Plaintiffs or\n\nother Settlement Class Members were harmed by the conduct alleged in the Action or that could\n\nhave been alleged in the Action; that the price of AdaptHealth common stock was artificially\n\ninflated by reason of any alleged misrepresentations, omissions, or otherwise; that Defendants\n\nacted fraudulently in any way; that Defendants made any alleged material misrepresentations or\n\nomissions; that Defendants had or failed to comply with any disclosure obligations with respect to\n\nany alleged misrepresentations or omissions; or that the alleged harm suffered by Lead Plaintiffs\n\nand other Settlement Class Members, if any, was causally linked to any alleged misrepresentations\n -4-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 7 of 119\n\n\n\n\nor omissions. Defendants maintain that they have meritorious defenses to all claims alleged in the\n\nAction.\n\n Nonetheless, Defendants have concluded that further litigation of the Action, especially\n\ngiven the complexity of cases such as this one, would be protracted, burdensome, and expensive,\n\nand that it is desirable and beneficial to them that they secure releases to the fullest extent permitted\n\nby law and that the Action be fully and finally settled and terminated in the manner and upon the\n\nterms and conditions set forth in this Stipulation. As set forth below in \u00b6 14.1 through \u00b6 14.2,\n\nneither the Settlement nor any of the terms of this Stipulation shall be construed or deemed to be\n\nevidence of or constitute an admission, concession, or finding of any fault, liability, wrongdoing,\n\nor damage whatsoever or any infirmity in the defenses that Defendants have, or could have,\n\nasserted.\n\nIV. TERMS OF THE STIPULATION AND AGREEMENT OF SETTLEMENT\n\n NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED by and among\n\nLead Plaintiffs (on behalf of themselves and each and every Settlement Class Member) and\n\nDefendants, by and through their respective undersigned counsel, that, subject to the approval of\n\nthe Court pursuant to Rule 23(e) of the Federal Rules of Civil Procedure, in consideration of the\n\nbenefits flowing to the Settling Parties from the Settlement, the Action and the Released Claims\n\nshall be finally and fully compromised, resolved, discharged, settled, and released, and the Action\n\nshall be dismissed with prejudice, upon and subject to the terms and conditions of this Stipulation,\n\nas follows:\n\n\n\n\n -5-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 8 of 119\n\n\n\n\n 1. Definitions\n\n As used in this Stipulation and any exhibits attached hereto and made part hereof, the\n\nfollowing capitalized terms shall have the meanings specified below.\n\n 1.1 \u201cAction\u201d means the securities class action pending in this Court under the caption\n\nIn re AdaptHealth Corp. Securities Litigation, Case No. 2:23-cv-04104-MRP.\n\n 1.2 \u201cAdaptHealth\u201d or the \u201cCompany\u201d means AdaptHealth Corp.\n\n 1.3 \u201cAdaptHealth Defendants\u201d means, collectively, AdaptHealth, Luke McGee,\n\nStephen P. Griggs, Joshua Parnes, Jason A. Clemens, Shaw Rietkerk, Wendy Russalesi, Rodney\n\nCarson, Alan Quasha, Frank J. Mullen, Richard Barasch, Terence Connors, Dr. Susan Weaver,\n\nDale Wolf, Bradley Coppens, and David S. Williams III.\n\n 1.4 \u201cAdaptHealth\u2019s Counsel\u201d or \u201cAdaptHealth Defendants\u2019 Counsel\u201d means the law\n\nfirm of Willkie Farr & Gallagher LLP.\n\n 1.5 \u201cAdaptHealth\u2019s Insurers\u201d means, collectively, AdaptHealth insurance carriers that\n\nare paying that portion of the Settlement Amount that is in excess of AdaptHealth\u2019s self-insured\n\nretention.\n\n 1.6 \u201cAlternate Judgment\u201d means a form of final judgment that may be entered by the\n\nCourt herein but in a form other than the form of Judgment provided for in this Stipulation and\n\nwhere none of the Settling Parties hereto elects to terminate the Settlement by reason of such\n\nvariance.\n\n 1.7 \u201cAmended Complaint\u201d means the Amended Class Action Complaint for Violations\n\nof the Federal Securities Laws filed by Lead Plaintiffs in the Action on May 23, 2024\n\n(ECF No. 59).\n\n 1.8 \u201cAuthorized Claimant\u201d means any Settlement Class Member who submits a valid\n\nProof of Claim Form to the Claims Administrator that satisfies all the requirements set forth on\n\n\n -6-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 9 of 119\n\n\n\n\nthe Proof of Claim Form in accordance with the requirements established by the Court and that is\n\naccepted for payment from the Net Settlement Fund.\n\n 1.9 \u201cClaim\u201d means a Proof of Claim Form submitted by a Settlement Class Member,\n\nor on his, her, or its behalf, to the Claims Administrator.\n\n 1.10 \u201cClaimant\u201d means a Settlement Class Member that submits a Claim to the Claims\n\nAdministrator.\n\n 1.11 \u201cClaims Administrator\u201d means the firm retained by Lead Counsel, subject to\n\napproval of the Court, to provide all notices approved by the Court to potential Settlement Class\n\nMembers and to administer the Settlement.\n\n 1.12 \u201cClass Distribution Order\u201d means an order entered by the Court authorizing and\n\ndirecting that the Net Settlement Fund be distributed, in whole or in part, to Authorized Claimants.\n\n 1.13 \u201cCourt\u201d means the United States District Court for the Eastern District of\n\nPennsylvania.\n\n 1.14 \u201cDefendant\u201d or \u201cDefendants\u201d means individually and collectively the AdaptHealth\n\nDefendants and the Underwriter Defendants.\n\n 1.15 \u201cDefendants\u2019 Counsel\u201d means, collectively, the AdaptHealth Defendants\u2019 Counsel\n\nand the Underwriter Defendants\u2019 Counsel.\n\n 1.16 \u201cEffective Date,\u201d with respect to the Settlement, means the first date by which all\n\nof the events and conditions specified in \u00b6 13.1 of this Stipulation have been met and have occurred\n\nor have been waived.\n\n 1.17 \u201cERISA\u201d means the Employee Retirement Income Security Act of 1974.\n\n 1.18 \u201cEscrow Account\u201d means an account wherein the Settlement Amount shall be\n\ndeposited and held in escrow under the control of Lead Counsel acting as agent for Lead Plaintiffs\n\nand the Settlement Class, and shall be deemed to be in the custody of the Court and remain subject\n\n\n -7-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 10 of 119\n\n\n\n\nto the jurisdiction of the Court until such time as the Settlement Fund is distributed or returned\n\npursuant to the terms of this Stipulation and/or further order of the Court.\n\n 1.19 \u201cEscrow Agent\u201d means Citibank, N.A.\n\n 1.20 \u201cEscrow Agreement\u201d means the agreement between Lead Counsel and the Escrow\n\nAgent setting forth the terms under which the Escrow Agent shall maintain the Escrow Account.\n\n 1.21 \u201cFinal,\u201d with respect to any order or judgment of the Court, including the proposed\n\nJudgment or the Alternate Judgment, means that such order or judgment represents a final and\n\nbinding determination of all issues within its scope and has not been reversed, vacated, or modified\n\nin any way and is no longer subject to appellate review, either because of disposition on appeal\n\nand conclusion of the appellate process or because of passage, without action, of time for seeking\n\nappellate review. Without limitation, an order or judgment becomes Final when: (a) if no appeal\n\nis filed, the expiration date of the time provided for filing or noticing any appeal under the Federal\n\nRules of Appellate Procedure, i.e., thirty (30) days after entry of the order or judgment; or (b) if\n\nthere is an appeal from the order or judgment, (i) the date of final dismissal of all such appeals, or\n\nthe final dismissal of any proceeding on certiorari or otherwise, or (ii) the date the judgment or\n\norder is finally affirmed on an appeal, the expiration of the time to file a petition for a writ of\n\ncertiorari or other form of review, or the denial of a writ of certiorari or other form of review, and,\n\nif certiorari or other form of review is granted, the date of final affirmance following review\n\npursuant to that grant. However, any appeal or proceeding seeking subsequent judicial review\n\npertaining solely to an order issued with respect to (a) any Fee and Expense Award (as defined in\n\n\u00b6 7.2), (b) the Plan of Allocation (as submitted or subsequently modified), or (c) the procedures\n\nfor determining Authorized Claimants\u2019 Recognized Claims (as will be defined in the Plan of\n\nAllocation) shall not in any way delay, affect, or preclude the time set forth above for the Judgment\n\n\n\n\n -8-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 11 of 119\n\n\n\n\nor the Alternate Judgment to become Final, or otherwise preclude the Judgment or the Alternate\n\nJudgment from becoming Final.\n\n 1.22 \u201cFinal Approval Hearing\u201d means the hearing set by the Court in the Preliminary\n\nApproval Order to consider, among other things, approval of the Settlement embodied herein.\n\n 1.23 \u201cImmediate Family Members\u201d means children, stepchildren, parents, stepparents,\n\nspouses, siblings, mothers-in-law, fathers-in-law, sons-in-law, daughters-in-law, brothers-in-law,\n\nand sisters-in-law. As used in this paragraph, \u201cspouse\u201d shall mean a husband, wife, or partner in\n\na state-recognized domestic relationship or civil union.\n\n 1.24 \u201cInvestment Vehicle\u201d means any investment company, separately managed\n\naccount, collective investment trust, or pooled investment fund, including but not limited to mutual\n\nfund families, exchange traded funds, fund of funds, hedge funds, and retirement accounts and\n\nemployee benefit plans in which the Underwriter Defendants, or any of them, have, has or may\n\nhave a direct or indirect interest, or as to which their respective affiliates may act as an investment\n\nadvisor or manager, but in which any Underwriter Defendant alone or together with its, his or her\n\nrespective affiliates is not a majority owner or does not hold a majority beneficial interest.\n\n 1.25 \u201cJudgment\u201d means the proposed order and final judgment to be entered by the Court\n\napproving the Settlement embodied herein, which shall be substantially in the form attached hereto\n\nas Exhibit B.\n\n 1.26 \u201cLead Counsel\u201d means the law firm Bernstein Litowitz Berger & Grossmann LLP.\n\n 1.27 \u201cLead Plaintiffs\u201d means Allegheny County Employees\u2019 Retirement System,\n\nInternational Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of\n\nOntario, and City of Tallahassee Pension Plan.\n\n\n\n\n -9-\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 12 of 119\n\n\n\n\n 1.28 \u201cLead Plaintiffs\u2019 Counsel\u201d means Lead Counsel and all other legal counsel who, at\n\nthe direction and under the supervision of Lead Counsel, performed services on behalf of the\n\nSettlement Class in the Action.\n\n 1.29 \u201cLitigation Expenses\u201d means the reasonable costs and expenses incurred by Lead\n\nCounsel in connection with commencing, prosecuting, and settling the Action (which may include\n\nthe costs and expenses of Lead Plaintiffs directly related to their representation of the Settlement\n\nClass), for which Lead Counsel intends to apply to the Court for payment from the Settlement\n\nFund.\n\n 1.30 \u201cNet Settlement Fund\u201d means the Settlement Fund less: (a) any attorneys\u2019 fees\n\nawarded by the Court; (b) any Litigation Expenses awarded by the Court; (c) any Notice and\n\nAdministration Costs; (d) any Taxes and Tax Expenses; and (e) any other costs or fees approved\n\nby the Court.\n\n 1.31 \u201cNotice\u201d means the Notice of Pendency and Proposed Settlement of Class Action,\n\nwhich, subject to approval of the Court, shall be substantially in the form attached hereto as\n\nExhibit A-1, which is to be sent to Settlement Class Members.\n\n 1.32 \u201cNotice and Administration Costs\u201d means the costs, fees, and expenses that are\n\nreasonably incurred by the Claims Administrator, as described herein and in the Preliminary\n\nApproval Order, in connection with (a) providing notice of the Settlement by mail, email,\n\npublication, and other means to the Settlement Class, (b) locating potential Settlement Class\n\nMembers, (c) assisting with the submission of Claims, (d) processing Proof of Claim Forms,\n\n(e) administering the Settlement, and (f) paying fees, costs, and expenses in connection with the\n\nEscrow Account.\n\n 1.33 \u201cPerson(s)\u201d means a natural person, individual, corporation (including all divisions\n\nand subsidiaries), limited liability corporation, professional corporation, general or limited\n\n\n - 10 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 13 of 119\n\n\n\n\npartnership, limited liability partnership, limited liability company, joint venture, association, joint\n\nstock company, estate, personal or legal representative, trust, unincorporated association,\n\ngovernment or any political subdivision or agency thereof, and any other business or legal entity.\n\n 1.34 \u201cPlan of Allocation\u201d means the proposed plan or formula of allocation of the Net\n\nSettlement Fund to the Authorized Claimants prepared by Lead Counsel and set forth in the Notice\n\n(or any other plan for the allocation of the Net Settlement Fund that Lead Counsel may propose).\n\n 1.35 \u201cPreliminary Approval Order\u201d means the order to be entered by the Court\n\npreliminarily approving the Settlement embodied herein, which shall be substantially in the form\n\nattached hereto as Exhibit A.\n\n 1.36 \u201cPSLRA\u201d means the Private Securities Litigation Reform Act of 1995, 15 U.S.C.\n\n\u00a7\u00a7 77z-1, 78u-4, as amended.\n\n 1.37 \u201cProof of Claim Form\u201d or \u201cClaim Form\u201d means the Proof of Claim and Release\n\nForm for submitting a Claim to be approved by the Court, which shall be substantially in the form\n\nattached hereto as Exhibit A-2, that a Settlement Class Member must complete and submit should\n\nthat Settlement Class Member seek to share in a distribution of the Net Settlement Fund.\n\n 1.38 \u201cReleased Claims\u201d means all Released Defendants\u2019 Claims and all Released\n\nPlaintiffs\u2019 Claims.\n\n 1.39 \u201cReleased Defendant Party\u201d or \u201cReleased Defendant Parties\u201d means each and all\n\nof the following: (a) each and every Defendant; (b) any and all of Defendants\u2019 respective past,\n\npresent, or future parents, affiliates, associates, subsidiaries, divisions, related entities and\n\naffiliates, professional corporations, general or limited partnerships, limited liability corporations,\n\nlimited liability companies, joint ventures, associations, joint stock companies, personal or legal\n\nrepresentatives, unincorporated associations, any other business or legal entities, controlling\n\npersons, directors, officers, shareholders, partners, principals, Immediate Family Members, heirs,\n\n\n - 11 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 14 of 119\n\n\n\n\nestates, estate managers, trustees, trusts, executors, administrators, predecessors, successors,\n\nsuccessors in interest, assigns, assignees, members, agents, employees, managers, representatives,\n\nindemnifiers, insurers (including AdaptHealth\u2019s Insurers), co-insurers, reinsurers, advisors\n\n(including financial or investment advisors), bankers, consultants, attorneys, accountants, auditors,\n\nunderwriters, and entities providing fairness opinions; (c) any entity in which a Defendant has or\n\nhad a controlling interest; and (d) Defendants\u2019 Counsel.\n\n 1.40 \u201cReleased Defendants\u2019 Claims\u201d means any and all claims, rights, causes of action,\n\nor liabilities of every nature and description whatsoever, whether known claims or Unknown\n\nClaims, whether asserted or unasserted, whether arising under federal, state, common, or foreign\n\nlaw, against a Released Plaintiff Party that are based upon, arise out of, concern, or relate in any\n\nway to the institution, prosecution, or settlement of the Action against Defendants. Released\n\nDefendants\u2019 Claims do not include, settle, or release any claims relating to the enforcement of this\n\nStipulation or the Settlement.\n\n 1.41 \u201cReleased Plaintiff Party\u201d or \u201cReleased Plaintiff Parties\u201d means each and all of the\n\nfollowing: (a) Lead Plaintiffs; (b) Lead Plaintiffs\u2019 Counsel; (c) each and every Settlement Class\n\nMember; and (d) any and all of Lead Plaintiffs\u2019 and each Settlement Class Member\u2019s respective\n\npast, present, or future respective parents, affiliates, associates, subsidiaries, divisions, related\n\nentities and affiliates, professional corporations, general or limited partnerships, limited liability\n\ncorporations, limited liability companies, joint ventures, associations, joint stock companies,\n\npersonal or legal representatives, unincorporated associations, any other business or legal entities,\n\ncontrolling persons, directors, officers, shareholders, partners, principals, Immediate Family\n\nMembers, heirs, estates, estate managers, trustees, trusts, executors, administrators, predecessors,\n\nsuccessors, successors in interest, assigns, assignees, members, agents, employees, managers,\n\nrepresentatives, indemnifiers, insurers, co-insurers, reinsurers, advisors (including financial or\n\n\n - 12 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 15 of 119\n\n\n\n\ninvestment advisors), bankers, consultants, attorneys, accountants, auditors, underwriters, and\n\nentities providing fairness opinions. A Released Plaintiff Party does not include any Person who\n\nwould otherwise be a Settlement Class Member but who requests, and is granted by the Court,\n\nexclusion from the Settlement Class.\n\n 1.42 \u201cReleased Plaintiffs\u2019 Claims\u201d means any and all claims, causes of action, demands,\n\nlosses, rights, or liabilities of every nature and description whatsoever against a Released\n\nDefendant Party, whether known claims or Unknown Claims, whether asserted or unasserted,\n\nwhether arising under federal, state, common, or foreign law, whether class or individual in nature,\n\nthat (a) were asserted, alleged, or set forth in the Amended Complaint or any prior complaint filed\n\nin the Action, (b) were asserted or alleged in the Action, or (c) could have been asserted, alleged,\n\nor set forth in the Amended Complaint or the Action or could in the future be asserted or alleged\n\nin any other action or in any other forum (including, without limitation, any federal or state court,\n\nor in any other court, arbitration proceeding, administrative agency, or other forum, in the U.S. or\n\nelsewhere) arising out of, based upon, concerning, or relating in any way to both (i) the purchase\n\nand/or acquisition of AdaptHealth common stock during the Settlement Class Period, and (ii) the\n\nfacts, allegations, assertions, matters, events, transactions, acts, occurrences, statements,\n\nrepresentations, misrepresentations, omissions, claims, and/or legal theories that were alleged, set\n\nforth, referred to, or involved in this Action, the Amended Complaint, or any prior complaint filed\n\nin this Action (or that could have been alleged based on the same nucleus of facts, allegations,\n\nassertions, matters, events, transactions, acts, occurrences, statements, representations,\n\nmisrepresentations, omissions, claims, and/or legal theories alleged in the Action). Released\n\nPlaintiffs\u2019 Claims do not include any ERISA or shareholder derivative claims asserted on behalf\n\nof AdaptHealth or any claims relating to the enforcement of this Stipulation or the Settlement.\n\n 1.43 \u201cReleases\u201d means the releases set forth in \u00b6\u00b6 3.1\u20133.4 of this Stipulation.\n\n\n - 13 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 16 of 119\n\n\n\n\n 1.44 \u201cSettlement\u201d means the resolution of the Action between the Settling Parties in\n\naccordance with the terms and conditions of this Stipulation.\n\n 1.45 \u201cSettlement Amount\u201d means $35,000,000.\n\n 1.46 \u201cSettlement Class\u201d means all Persons who purchased or otherwise acquired\n\nAdaptHealth common stock during the Settlement Class Period. Excluded from the Settlement\n\nClass are: (a) Defendants; (b) any person who served as an officer or director of AdaptHealth\n\nduring the Settlement Class Period; (c) the Immediate Family Members of the Individual\n\nDefendants and the excluded officers and directors; (d) any firm, trust, corporation, or other entity\n\nin which any excluded Person has, or had during the Settlement Class Period, a controlling interest;\n\n(e) the legal representatives, parents, subsidiaries, agents, affiliates, heirs, successors-in-interest,\n\npredecessors, or assigns of any such excluded Person, in their capacities as such; and (f) any\n\nPerson who would otherwise be a Settlement Class Member but who requests, and is granted by\n\nthe Court, exclusion from the Settlement Class, provided, however, that any Investment Vehicle\n\nshall not be excluded from the Settlement Class. Notwithstanding the foregoing, any AdaptHealth\n\nemployee retirement, savings, or benefit plan shall not be deemed an affiliate of any Defendant,\n\nexcept that any Claim submitted on behalf of any AdaptHealth employee retirement, savings, or\n\nbenefit plan shall be pro-rated to exclude the proportion owned by Defendants and other excluded\n\npersons or entities.\n\n 1.47 \u201cSettlement Class Member\u201d means a member of the Settlement Class.\n\n 1.48 \u201cSettlement Class Period\u201d means the period between August 4, 2020 and\n\nNovember 7, 2023, inclusive.\n\n 1.49 \u201cSettlement Fund\u201d means the Settlement Amount plus any and all interest or\n\nincome earned thereon after it is deposited into the Escrow Account.\n\n 1.50 \u201cSettlement Notices\u201d means, collectively, the Notice and Summary Notice.\n\n\n - 14 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 17 of 119\n\n\n\n\n 1.51 \u201cSettling Parties\u201d means, collectively, Lead Plaintiffs, on behalf of themselves and\n\nthe Settlement Class, and Defendants.\n\n 1.52 \u201cStipulation\u201d means this Stipulation and Agreement of Settlement.\n\n 1.53 \u201cSummary Notice\u201d means the Summary Notice of Pendency and Proposed\n\nSettlement of Class Action, which, subject to approval of the Court, shall be substantially in the\n\nform attached hereto as Exhibit A-3, to be published as set forth in the Preliminary Approval Order.\n\n 1.54 \u201cTaxes\u201d means any and all federal, state, or local taxes, fees, levies, duties, tariffs,\n\nimposts, and other similar charges (including any estimated taxes, withholdings, interest, penalties,\n\nadditions to tax and additional amounts imposed with respect thereto) on any income earned by\n\nthe Settlement Fund.\n\n 1.55 \u201cTax Expenses\u201d means any expenses and costs incurred in connection with the\n\ntaxation of the Settlement Fund (including, without limitation, expenses of tax attorneys and/or\n\naccountants and/or other advisors and expenses relating to the filing of or failure to file all\n\nnecessary or advisable tax returns).\n\n 1.56 \u201cUnderwriter Defendants\u201d means Deutsche Bank Securities Inc., Jefferies LLC,\n\nBofA Securities, Inc., Truist Securities, Inc., Robert W. Baird & Co., Incorporated, RBC Capital\n\nMarkets, LLC, Stifel, Nicolaus & Company, Incorporated, UBS Securities LLC, Canaccord\n\nGenuity LLC, and Leerink Partners LLC.\n\n 1.57 \u201cUnderwriter Defendants\u2019 Counsel\u201d means the law firm of Allen Overy Shearman\n\nSterling US LLP.\n\n 1.58 \u201cUnknown Claims\u201d means (a) any and all Released Plaintiffs\u2019 Claims that any Lead\n\nPlaintiff or Settlement Class Member does not know or suspect to exist in his, her, their, or its\n\nfavor at the time of the release of the Released Defendant Parties, which, if known by him, her,\n\nthem, or it, might have affected his, her, their, or its release of the Released Defendant Parties or\n\n\n - 15 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 18 of 119\n\n\n\n\ndecision(s) with respect to the Settlement, and (b) any and all Released Defendants\u2019 Claims that\n\nany Defendant does not know or suspect to exist in his, her, their, or its favor at the time of the\n\nrelease of the Released Plaintiff Parties, which, if known by him, her, them, or it, might have\n\naffected his, her, their, or its release of the Released Plaintiff Parties. With respect to any and all\n\nReleased Claims, the Settling Parties stipulate and agree that, upon the Effective Date of the\n\nSettlement, the Settling Parties shall expressly waive, and each Settlement Class Member shall, by\n\noperation of the Judgment or the Alternate Judgment, be deemed to have expressly waived, any\n\nand all provisions, rights, and benefits conferred by California Civil Code \u00a7 1542 and any law of\n\nany state or territory of the United States, or principle of common law, which is similar,\n\ncomparable, or equivalent to California Civil Code \u00a7 1542, which provides:\n\n A general release does not extend to claims that the creditor or releasing party does\n not know or suspect to exist in his or her favor at the time of executing the release\n and that, if known by him or her, would have materially affected his or her\n settlement with the debtor or released party.\n\nThe Settling Parties acknowledge that they may hereafter discover facts, legal theories or\n\nauthorities in addition to or different from those which they or their respective counsel now know\n\nor believe to be true with respect to the subject matter of the Released Plaintiffs\u2019 Claims or\n\nReleased Defendants\u2019 Claims that, had they known, may have affected their decision to enter into\n\nthis Stipulation, but they are notwithstanding this potential entering into this Stipulation and intend\n\nit to be a full, final, and permanent resolution of the matters at issue in the Action. The Settling\n\nParties acknowledge, and each Settlement Class Member shall, by operation of law, be deemed to\n\nhave acknowledged, that the foregoing waiver and the inclusion of the \u201cUnknown Claims\u201d in the\n\ndefinition of the Released Plaintiffs\u2019 Claims and Released Defendants\u2019 Claims was separately\n\nbargained for and was a material element of the Settlement.\n\n\n\n\n - 16 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 19 of 119\n\n\n\n\n 2. CAFA Notice\n\n 2.1 Defendants shall serve any notice of Settlement required pursuant to the Class\n\nAction Fairness Act of 2005 (the \u201cCAFA Notice\u201d), 28 U.S.C. \u00a7 1715(b), within the time period\n\nset forth in said statute. Defendants are solely responsible for the reasonable costs and expenses\n\nrelated to the creation and service of any CAFA Notice.\n\n 2.2 Lead Plaintiffs will request that the Final Approval Hearing be scheduled for no\n\nearlier than ninety (90) days following the deadline for Defendants to serve the CAFA Notice as\n\nstated in this paragraph. Should Defendants serve any CAFA Notice, at least seven (7) calendar\n\ndays before the Final Approval Hearing, Defendants shall cause the CAFA Notice to be served on\n\nLead Counsel and filed with the Court.\n\n 2.3 The Settling Parties further agree that any delay by Defendants in timely serving\n\nthe CAFA Notice will not provide grounds for delay of the Final Approval Hearing or entry of the\n\nJudgment or the Alternate Judgment.\n\n 3. Releases\n\n 3.1 The obligations incurred pursuant to this Stipulation are in consideration of: (a) the\n\nfull and final disposition of this Action as against Defendants; and (b) the releases provided for\n\nherein.\n\n 3.2 Pursuant to the Judgment or the Alternate Judgment, without further action by\n\nanyone, upon the Effective Date, Lead Plaintiffs and each of the other Settlement Class Members,\n\non behalf of themselves and their respective legal representatives, parents, subsidiaries, agents,\n\naffiliates, heirs, successors-in-interest, predecessors, or assigns, in their capacities as such, (a) shall\n\nbe deemed to have, and by operation of law and of judgment shall have, fully, finally, and forever\n\ncompromised, settled, resolved, waived, released, relinquished, discharged, and dismissed each\n\nand every one of the Released Plaintiffs\u2019 Claims against each and every Defendant and any and all\n\nof the other Released Defendant Parties; and (b) shall forever be barred and enjoined from\n - 17 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 20 of 119\n\n\n\n\ncommencing, instituting, prosecuting, or continuing to prosecute, or asserting, either directly or\n\nindirectly, the Released Plaintiffs\u2019 Claims against each and every Defendant and any and all of the\n\nother Released Defendant Parties. Claims to enforce the terms of this Stipulation and the\n\nSettlement are not released.\n\n 3.3 Pursuant to the Judgment or the Alternate Judgment, without further action by\n\nanyone, upon the Effective Date, Defendants, on behalf of themselves and their legal\n\nrepresentatives, parents, subsidiaries, agents, affiliates, heirs, successors-in-interest, predecessors,\n\nor assigns, in their capacities as such, (a) shall be deemed to have, and by operation of law and of\n\njudgment shall have, fully, finally, and forever compromised, settled, resolved, waived, released,\n\nrelinquished, discharged, and dismissed each and every one of the Released Defendants\u2019 Claims\n\nagainst Lead Plaintiffs, Lead Plaintiffs\u2019 Counsel, each and every Settlement Class Member, and\n\nany and all of the other Released Plaintiff Parties; and (b) shall forever be barred and enjoined\n\nfrom commencing, instituting, prosecuting, or continuing to prosecute, or asserting, either directly\n\nor indirectly, the Released Defendants\u2019 Claims against Lead Plaintiffs, each and every Settlement\n\nClass Member, and any and all of the other Released Plaintiff Parties. Claims to enforce the terms\n\nof this Stipulation and the Settlement are not released.\n\n 3.4 Notwithstanding \u00b6 3.1 through \u00b6 3.3, nothing in the Judgment or the Alternate\n\nJudgment shall bar any action by any of the Settling Parties to enforce or effectuate the terms of\n\nthis Stipulation, the Settlement, or the Judgment or the Alternate Judgment.\n\n 4. Settlement Consideration\n\n 4.1 In consideration of the settlement of the Released Plaintiffs\u2019 Claims against\n\nDefendants and the other Released Defendant Parties, AdaptHealth has agreed to pay the\n\nSettlement Amount to the Settlement Fund using primarily its D&O insurance. No other\n\nDefendant shall pay, or be liable to pay, any part of the Settlement Amount.\n\n\n - 18 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 21 of 119\n\n\n\n\n 4.2 AdaptHealth shall pay or cause to be paid $1 million of the Settlement Amount into\n\nthe Escrow Account no later than fourteen (14) business days after the later to occur of: (a) the\n\ndate of entry of the Preliminary Approval Order; or (b) the date on which Lead Counsel provides\n\nto Defendants\u2019 Counsel (collectively) all information necessary to effectuate a transfer of funds to\n\nthe Escrow Account, including, without limitation, (i) wire transfer instructions (including bank\n\nname and ABA routing number, address, account name and number), (ii) payment address, and\n\n(iii) a complete and executed Form W-9 that reflects a valid taxpayer identification number for the\n\nSettlement Fund in which the Settlement Amount is to be deposited.\n\n 4.3 In addition, AdaptHealth shall cause one or more of AdaptHealth\u2019s Insurers to\n\ndeposit the remainder of the Settlement Amount ($34 million) into the Escrow Account by check\n\nor wire within thirty (30) calendar days after the later to occur of: (a) the date of entry of the\n\nPreliminary Approval Order; or (b) the date on which Lead Counsel provides to Defendants\u2019\n\nCounsel (collectively) and AdaptHealth\u2019s Insurers all information necessary to effectuate a transfer\n\nof funds to the Escrow Account, including, without limitation, (i) payment instructions (including\n\nbank name and ABA routing number, address, account name and number, and the contact\n\ninformation for an individual to provide verbal confirmation of same), (ii) payment address, and\n\n(iii) a complete and executed Form W-9 that reflects a valid taxpayer identification number for the\n\nSettlement Fund in which the Settlement Amount is to be deposited. AdaptHealth\u2019s sole obligation\n\nwith respect to the Settlement Amount shall be to cause AdaptHealth\u2019s Insurers to make this\n\npayment. To the extent that any AdaptHealth Insurer opts to make a deposit into the Escrow\n\nAccount by check, such check shall be sent via overnight mail so that it is received within thirty\n\n(30) calendar days of the aforementioned deadline.\n\n 4.4 The Settlement Amount is the total, full, and final amount of all payments to be\n\npaid by, or on behalf of, Defendants to Lead Plaintiffs, Settlement Class Members, Lead Counsel,\n\n\n - 19 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 22 of 119\n\n\n\n\nLead Plaintiffs\u2019 Counsel, or any other person or entity acting or purporting to act for the benefit of\n\nthe Settlement Class in this Action, in connection with this Stipulation and the Settlement\n\nembodied herein. The Settlement Amount is inclusive of any Fee and Expense Award, the\n\nattorneys\u2019 fees and expenses of Lead Plaintiffs\u2019 Counsel, all Notice and Administration Costs, and\n\nall Taxes and Tax Expenses. Nothing in this Stipulation constitutes or may be deemed to constitute\n\na release of any action, suit, cause of action, claim or demand that Defendants have or may have\n\nagainst AdaptHealth\u2019s Insurers.\n\n 4.5 The deposit of AdaptHealth\u2019s portion of the Settlement Amount into the Escrow\n\nAccount as set forth under \u00b6 4.2 shall fully discharge AdaptHealth of all financial obligations in\n\nconnection with the Settlement, meaning that no Released Defendant Party shall have any\n\nobligation to pay, deliver, deposit, or otherwise provide any additional settlement consideration to\n\nthe Escrow Account or to any Settlement Class Member under this Stipulation or in connection\n\nwith the Settlement. For the avoidance of doubt, under no circumstances shall AdaptHealth or\n\nAdaptHealth\u2019s Insurers be required to contribute more to the Settlement Fund than their respective\n\nportions of the Settlement Amount (as set forth in \u00b6 4.1) or shall any other Defendant (excluding\n\nAdaptHealth) be required to make any payment pursuant to this Stipulation or the Settlement.\n\nFurthermore, in the event the Settlement is approved and becomes Final, under no circumstances\n\nshall any Defendant or other Released Defendant Party be required to make any payment pursuant\n\nto this Stipulation or the Settlement or to otherwise provide any settlement consideration to the\n\nEscrow Account or the Settlement Fund.\n\n 4.6 Immediately upon deposit of the entire Settlement Amount into the Escrow\n\nAccount, Defendants and the other Released Defendant Parties shall have no responsibility for,\n\ninterest in, or liability whatsoever with respect to the Settlement Fund, including: (a) any act,\n\nomission, or determination by Lead Plaintiffs\u2019 Counsel, the Escrow Agent, or the Claims\n\n\n - 20 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 23 of 119\n\n\n\n\nAdministrator, or any of their respective designees, in connection with the administration of the\n\nSettlement or otherwise; (b) the management, investment, or distribution of the Settlement Fund;\n\n(c) the Plan of Allocation; (d) the determination, administration, calculation, or payment of any\n\nClaims asserted against the Settlement Fund; (e) any loss suffered by, or fluctuation in value of,\n\nthe Settlement Fund; or (f) the payment or withholding of any Taxes, Tax Expenses, legal fees, or\n\nany other costs or expenses incurred in connection with the Settlement Fund.\n\n 4.7 Upon the Effective Date, any interest earned on the Settlement Fund shall be for\n\nthe benefit of the Settlement Class. If the Effective Date does not occur and the Settlement is\n\nterminated, the Settlement Fund shall be returned to AdaptHealth, pursuant to \u00b6 13.5 through \u00b6 13.6\n\nhereof.\n\n 5. Use of Settlement Fund\n\n a. The Escrow Agent Responsibilities\n\n 5.1 The Settlement Fund shall be held in the Escrow Account as provided in \u00b6 4.2\n\nthrough \u00b6 4.5 hereof. Any portion of the Settlement Fund held in the Escrow Account shall be\n\ndeemed and considered to be in custodia legis of the Court, and shall remain subject to the\n\njurisdiction of the Court, until such time as such funds shall be distributed or returned pursuant to\n\nthe terms of this Stipulation or a further order of the Court.\n\n 5.2 The Escrow Agent shall invest the Settlement Amount deposited in United States\n\nTreasury Securities or other instruments backed by the Full Faith & Credit of the United States\n\nGovernment, or fully insured by the United States Government, and shall reinvest the proceeds of\n\nthese instruments as they mature in similar instruments at their then-current market rates. All risks\n\nrelated to the investment of the Settlement Fund in accordance with the investment guidelines set\n\nforth in this paragraph shall be borne by the Settlement Fund, and Defendants and the other\n\nReleased Defendant Parties shall have no responsibility for, interest in, or liability whatsoever with\n\nrespect to investment decisions or the actions of the Escrow Agent, or any transactions executed\n - 21 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 24 of 119\n\n\n\n\nby the Escrow Agent. The Escrow Agent, through the Settlement Fund, shall indemnify and hold\n\neach Defendant and each of the other Released Defendant Parties harmless for the actions of the\n\nEscrow Agent.\n\n 5.3 The Escrow Agent shall not disburse the Settlement Fund from the Escrow Account\n\nexcept as provided in this Stipulation or by an order of the Court. Defendants and the other\n\nReleased Defendant Parties shall have no responsibility for, interest in, or liability whatsoever with\n\nrespect to the actions of the Escrow Agent or any transaction executed by the Escrow Agent. The\n\nEscrow Agent shall indemnify and hold each Defendant and each of the other Released Defendant\n\nParties harmless for any transaction executed by the Escrow Agent.\n\n 5.4 Subject to the terms and conditions of this Stipulation, the Escrow Agent is\n\nauthorized to use the Settlement Fund to pay: (a) Taxes and Tax Expenses; (b) Notice and\n\nAdministration Costs; and (c) any Fee and Expense Award. The balance remaining in the\n\nSettlement Fund after payment of the aforementioned items is the Net Settlement Fund and shall\n\nbe distributed to the Authorized Claimants as provided herein.\n\n 5.5 Prior to the Effective Date, Lead Counsel may pay Notice and Administration Costs\n\nactually and reasonably incurred from the Settlement Fund, without further approval from\n\nDefendants and/or order of the Court. Such costs and expenses shall include, without limitation,\n\nthe actual costs of printing and mailing the Notice, publishing the Summary Notice,\n\nreimbursements to nominee owners for forwarding the Notice to their beneficial owners, the\n\nadministrative expenses incurred and fees charged by the Claims Administrator in connection with\n\nproviding notice and administering the Settlement (including processing the submitted Claims),\n\nand the fees incurred, if any, by the Escrow Account. In the event that the Settlement is terminated\n\npursuant to the terms of this Stipulation, all Notice and Administration Costs paid or incurred,\n\nincluding any related fees, shall not be returned or repaid to AdaptHealth or AdaptHealth\u2019s Insurers\n\n\n - 22 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 25 of 119\n\n\n\n\nin accordance with \u00b6 13.5 through \u00b6 13.6 hereof. Defendants and other Released Defendant Parties\n\nshall not have any responsibility for, nor any liability with respect to, any Notice and\n\nAdministration Costs incurred or paid, and shall have no responsibility for, and no liability with\n\nrespect to, any acts or omissions of the Claim Administrator, Lead Plaintiffs\u2019 Counsel, or the\n\nEscrow Agent, or their respective agents with regard to any Notice and Administration Costs.\n\n 5.6 After the Effective Date, Notice and Administration Costs may be paid as incurred,\n\nwithout approval of Defendants or further order of the Court. Defendants and the other Released\n\nDefendant Parties shall have no responsibility for, interest in, or liability whatsoever with respect\n\nto the Notice and Administration Costs, nor shall they have any responsibility, interest in, or\n\nliability whatsoever for any claims with respect thereto. The Settlement Fund shall indemnify and\n\nhold each Defendant and each of the other Released Defendant Parties harmless for any Notice\n\nand Administration Costs.\n\n b. Tax Treatment of Settlement Fund\n\n 5.7 The Settling Parties agree that the Settlement Fund is intended to be at all times a\n\n\u201cqualified settlement fund\u201d within the meaning of Treasury Regulation \u00a7 1.468B-1, and the\n\nregulations promulgated thereunder. The Settling Parties further agree that the Settlement Fund\n\nshall be established pursuant to the Court\u2019s subject matter jurisdiction within the meaning of\n\nTreasury Regulation \u00a7 1.468B-1(c)(1).\n\n 5.8 For the purpose of \u00a7 1.468B of the Internal Revenue Code of 1986, as amended,\n\nand the regulations promulgated thereunder, the \u201cadministrator\u201d of the Settlement Fund (as defined\n\nin Treasury Regulation \u00a7 1.468B-2(k)(3)) shall be Lead Counsel. Lead Counsel shall be solely\n\nresponsible for timely and properly filing or causing to be filed all informational and other federal,\n\nstate, or local tax returns necessary or appropriate for the Settlement Fund (including, without\n\nlimitation, the returns described in Treasury Regulation \u00a7 1.468B-2(k)). Such returns (as well as\n\n\n - 23 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 26 of 119\n\n\n\n\nthe elections described herein) shall be consistent with this \u00b6 5.8 and in all events shall reflect that\n\nall Taxes (including any estimated Taxes, interest, or penalties) on the income earned by the\n\nSettlement Fund shall be paid out of the Settlement Fund as provided in \u00b6 5.11 hereof. In addition,\n\nLead Counsel shall timely make such elections as necessary or appropriate to carry out the\n\nprovisions of this \u00b6 5.8, including, as necessary, making the \u201crelation-back election\u201d (as described\n\nin Treasury Regulation \u00a7 1.468B-1) to cause the \u201cqualified settlement fund\u201d to come into existence\n\nat the earliest permitted date, and shall take or cause to be taken all action as may be necessary or\n\nappropriate in connection therewith. Such elections shall be made in compliance with the\n\nprocedures and requirements contained in such regulations. Upon written request, Defendants will\n\nprovide to Lead Counsel the statement described in Treasury Regulation \u00a7 1.468B-3(e). It shall\n\nbe the responsibility of the Lead Counsel to timely and properly prepare and deliver the necessary\n\ndocumentation for signature by all necessary parties, and thereafter to cause the appropriate filing\n\nto occur.\n\n 5.9 Any tax returns prepared for the Settlement Fund (as well as the election set forth\n\ntherein) shall be consistent with this Stipulation and in all events shall reflect that all Taxes on the\n\nincome and gains earned by the Settlement Fund shall be paid out of the Settlement Fund as\n\nprovided herein.\n\n 5.10 The taxable year of the Settlement Fund shall be the calendar year in accordance\n\nwith Treasury Regulation \u00a7 1.468B-2(j). The Settlement Fund shall use an accrual method of\n\naccounting within the meaning of \u00a7 446(c) of the IRS Code.\n\n 5.11 All (a) Taxes (including any estimated Taxes, interest, or penalties) arising with\n\nrespect to the income earned by the Settlement Fund, including any Taxes or tax detriments that\n\nmay be imposed upon Defendants or the other Released Defendant Parties with respect to any\n\nincome earned by the Settlement Fund for any period, after the deposit of the Settlement Amount,\n\n\n - 24 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 27 of 119\n\n\n\n\nduring which the Settlement Fund does not qualify as a \u201cqualified settlement fund\u201d for federal,\n\nstate, or local income tax purposes, and (b) Tax Expenses (including, without limitation, expenses\n\nof tax attorneys and/or accountants and mailing and distribution costs and expenses relating to\n\nfiling (or failing to file) the returns described in \u00b6 5.8 herein) shall be treated as, and considered to\n\nbe, a cost of administration of the Settlement and shall be timely paid, or caused to be paid, by the\n\nEscrow Agent out of the Settlement Fund without prior order from the Court. Lead Counsel shall\n\nbe authorized (notwithstanding anything herein to the contrary) to withhold from distribution to\n\nAuthorized Claimants any funds necessary to pay such amounts, including the establishment of\n\nadequate reserves for any Taxes and Tax Expenses (as well as any amounts that may be required\n\nto be withheld under Treas. Reg. \u00a7 1.468B-2(l)(2)).\n\n 5.12 The Settling Parties agree to cooperate with the Escrow Agent, each other, and their\n\ntax attorneys and accountants to the extent reasonably necessary to carry out the provisions of \u00b6 5.7\n\nthrough \u00b6 5.11.\n\n 5.13 In all events, Defendants and the other Released Defendant Parties shall have no\n\nliability or responsibility whatsoever for the Taxes or the Tax Expenses or for the acts or omissions\n\nof the Escrow Agent or its agent with respect to Taxes or Tax Expenses. The Escrow Agent shall\n\nindemnify and hold each Defendant and each of the other Released Defendant Parties harmless for\n\nTaxes and Tax Expenses (including, without limitation, Taxes payable by reason of any such\n\nindemnification).\n\n 5.14 The Settlement is not a claims-made settlement. As of the Effective Date,\n\nAdaptHealth and AdaptHealth\u2019s Insurers shall not have any right to the return of the Settlement\n\nFund or any portion thereof for any reason whatsoever, including, without limitation, the number\n\nof Claims submitted, the collective amount of Recognized Claims (as will be defined in the Plan\n\nof Allocation) of Authorized Claimants, the percentage of recovery of losses, or the amounts to be\n\n\n - 25 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 28 of 119\n\n\n\n\npaid to Authorized Claimants from the Net Settlement Fund. Nor shall AdaptHealth or the other\n\nReleased Defendant Parties have any liability should Claims made exceed the amount available in\n\nthe Settlement Fund for payment of such Claims.\n\n 6. Plan of Allocation\n\n 6.1 Following the Effective Date, the Net Settlement Fund shall be distributed to\n\nAuthorized Claimants in accordance with the Plan of Allocation, provided that such Plan of\n\nAllocation, after appropriate notice thereof to the Settlement Class, has been approved by the Court\n\nin an order that has become Final.\n\n 6.2 The Plan of Allocation is a matter separate and apart from the Settlement between\n\nthe Settling Parties as embodied in this Stipulation. The Plan of Allocation is not a necessary or\n\nmaterial term of this Stipulation, and it is not a condition of the Settlement that any Plan of\n\nAllocation be approved by the Court or that any order approving a Plan of Allocation becomes\n\nFinal. Any Plan of Allocation, including, but not limited to, any adjustments to an Authorized\n\nClaimant\u2019s Claim set forth therein, is to be considered by the Court separately from the Court\u2019s\n\nconsideration of the fairness, reasonableness, and adequacy of the Settlement set forth in this\n\nStipulation.\n\n 6.3 Defendants and Defendants\u2019 Counsel shall have no role in the preparation of the\n\nPlan of Allocation and shall take no position with respect thereto. No Defendant or any of the\n\nother Released Defendant Parties shall have any involvement with or liability, obligation, or\n\nresponsibility whatsoever for the Plan of Allocation.\n\n 6.4 Any order or proceeding, whether in this Court or any appellate court, with respect\n\nto the Plan of Allocation shall not: (a) operate to modify, terminate, or cancel this Stipulation or\n\nthe Settlement; (b) modify, terminate, or impact in any way the Releases set forth herein; (c) affect\n\nor delay the validity or finality of the Judgment or Alternate Judgment, if applicable, or any other\n\n\n - 26 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 29 of 119\n\n\n\n\norders entered by the Court giving effect to this Stipulation; (d) affect or delay the Effective Date;\n\n(e) provide any ground or otherwise permit any Person (including Lead Plaintiffs and the other\n\nSettlement Class Members), or any of their counsel, to cancel, terminate, or withdraw from this\n\nStipulation or the Settlement; and/or (f) affect or delay the validity of the Settlement. For the\n\navoidance of doubt, this paragraph is not applicable to any Settlement Class Members who timely\n\nand validly request exclusion from the Settlement Class.\n\n 7. Attorneys\u2019 Fees and Litigation Expenses\n\n 7.1 Lead Counsel may submit an application on behalf of all Lead Plaintiffs\u2019 Counsel\n\nfor an award of attorneys\u2019 fees or payment of Litigation Expenses and any interest earned on such\n\namounts (\u201cFee and Expense Application\u201d). Lead Counsel\u2019s Fee and Expense Application may\n\nalso include a request for reimbursement to Lead Plaintiffs in connection with their representation\n\nof the Settlement Class pursuant to 15 U.S.C. \u00a7 78u-4(a)(4). Lead Counsel reserves the right to\n\nmake additional applications for attorneys\u2019 fees and/or Litigation Expenses incurred in connection\n\nwith this Action. Lead Counsel\u2019s Fee and Expense Application is not the subject of any agreement\n\nbetween Defendants and Lead Plaintiffs other than what is set forth in this Stipulation.\n\n 7.2 The amount of attorneys\u2019 fees and/or Litigation Expenses awarded to Lead Counsel\n\nby the Court (\u201cFee and Expense Award\u201d) is within the sole discretion of the Court. Any Fee and\n\nExpense Award shall be paid to Lead Counsel solely from (and out of) the Settlement Fund, as\n\nordered, immediately following the Court\u2019s execution of an order approving the Settlement and\n\nthe Fee and Expense Award, notwithstanding the existence of any timely filed objections thereto\n\nor to the Settlement, or potential for appeal therefrom, or collateral attack on the Settlement or any\n\npart thereof, subject to repayment obligations set forth in \u00b6 13.5 through \u00b6 13.6 hereof. Lead\n\nCounsel may thereafter allocate the awarded attorneys\u2019 fees among Lead Plaintiffs\u2019 Counsel in a\n\n\n\n\n - 27 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 30 of 119\n\n\n\n\nmanner in which it believes reflects the contributions of such counsel to the initiation, prosecution,\n\nand resolution of the Action.\n\n 7.3 The procedure for and the allowance or disallowance by the Court of any Fee and\n\nExpense Application and/or Fee and Expense Award is a matter separate and apart from the\n\nSettlement between the Settling Parties as embodied in this Stipulation and is not a necessary or\n\nmaterial term of this Stipulation or a condition of the Settlement.\n\n 7.4 With the sole exception of AdaptHealth\u2019s obligations to deposit or cause to be\n\ndeposited the Settlement Amount as provided for in \u00b6 4.1, neither Defendants nor any of the other\n\nReleased Defendant Parties shall have any involvement with or liability, obligation, or\n\nresponsibility whatsoever with respect to, any Fee and Expense Award or any other attorneys\u2019 fees\n\nand/or Litigation Expenses incurred by or on behalf of Lead Plaintiffs, Lead Counsel, Lead\n\nPlaintiffs\u2019 Counsel, or the Settlement Class Members. Furthermore, Defendants and the other\n\nReleased Defendant Parties shall have no involvement with or liability, obligation, or\n\nresponsibility whatsoever with respect to the allocation among Lead Plaintiffs\u2019 Counsel and/or any\n\nother Person who may assert some claim thereto of any Fee and Expense Award that the Court\n\nmay make in the Action.\n\n 7.5 Any order or proceeding, whether in this Court or any appellate court, with respect\n\nto the award, payment, or allocation of attorneys\u2019 fees and/or Litigation Expenses in connection\n\nwith this Action shall not: (a) operate to modify, terminate, or cancel this Stipulation or the\n\nSettlement; (b) modify, terminate, or impact in any way the Releases set forth herein; (c) affect or\n\ndelay the validity or finality of the Judgment or Alternate Judgment, if applicable, or any other\n\norders entered by the Court giving effect to this Stipulation; (d) affect or delay the Effective Date;\n\n(e) provide any ground or otherwise permit any Person (including Lead Plaintiffs, Lead Counsel,\n\nLead Plaintiffs\u2019 Counsel, and the Settlement Class Members), or any of their counsel, to cancel,\n\n\n - 28 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 31 of 119\n\n\n\n\nterminate, or withdraw from this Stipulation or the Settlement; and/or (f) affect or delay the validity\n\nof the Settlement.\n\n 8. Notice and Settlement Administration\n\n 8.1 As part of the Preliminary Approval Order, Lead Counsel shall seek appointment\n\nof a Claims Administrator. The Claims Administrator, subject to such supervision and direction\n\nof Lead Counsel and the Court as may be necessary or as circumstances may require, shall\n\nadminister and calculate the Claims submitted by Settlement Class Members, oversee distribution\n\nof the Net Settlement Fund to Authorized Claimants pursuant to the Plan of Allocation approved\n\nby the Court in an order that has become Final, and perform all claims administration procedures\n\nnecessary or appropriate in connection therewith.\n\n 8.2 Lead Counsel shall be solely responsible, subject to Court approval, for notice to\n\nthe Settlement Class, administration of the Settlement, and the allocation of the Settlement Amount\n\namong Settlement Class Members. Such allocation, or changes to the Plan of Allocation, shall not\n\naffect the finality of the Settlement. Other than AdaptHealth\u2019s obligation to use its best efforts to\n\nprovide or make available transfer records as provided in \u00b6 10.2, Defendants and the other Released\n\nDefendant Parties shall have no involvement with or liability, obligation, or responsibility\n\nwhatsoever with respect to the administration of the Settlement or the actions or decisions of the\n\nClaims Administrator, and shall have no involvement with or liability, obligation, or responsibility\n\nwhatsoever to the Released Plaintiff Parties, including Lead Plaintiffs, any other Settlement Class\n\nMembers, Lead Counsel, or Lead Plaintiffs\u2019 Counsel, with respect to such administration,\n\nincluding, but not limited to: (a) any act, omission, or determination by Lead Counsel, the Escrow\n\nAgent, and/or the Claims Administrator, or any of their respective designees or agents, in\n\nconnection with the administration of the Settlement or otherwise; (b) the management or\n\ninvestment of the Settlement Fund or the Net Settlement Fund; (c) the distribution of the Net\n\n\n - 29 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 32 of 119\n\n\n\n\nSettlement Fund; (d) the Plan of Allocation; (e) the determination, administration, calculation, or\n\npayment of any Claims asserted against the Settlement Fund; (f) any losses suffered by, or\n\nfluctuations in value of, the Settlement Fund; or (g) the payment or withholding of any Taxes or\n\nTax Expenses.\n\n 8.3 The Settlement Fund shall be applied as follows:\n\n a) to pay all Notice and Administration Costs;\n\n b) to pay the Taxes and Tax Expenses;\n\n c) to pay any Fee and Expense Award; and\n\n d) after the Effective Date, to distribute the Net Settlement Fund to\n\nAuthorized Claimants as provided by this Stipulation, the Court-approved Plan of Allocation,\n\nand/or the orders of the Court.\n\n 8.4 In accordance with the terms of the Preliminary Approval Order to be entered by\n\nthe Court, the Claims Administrator shall mail the Notice and Proof of Claim Form to those\n\nSettlement Class Members who may be identified through the transfer records provided by\n\nAdaptHealth pursuant to \u00b6 10.2, and to all other Settlement Class Members who can be reasonably\n\nidentified, and shall publish the Summary Notice, pursuant to the terms of the Preliminary\n\nApproval Order.\n\n 8.5 By the date set by the Court in the Preliminary Approval Order, each Settlement\n\nClass Member shall be required to submit to the Claims Administrator a completed Proof of Claim\n\nForm, substantially in the form of Exhibit A-2 attached hereto, signed under penalty of perjury and\n\nsupported by such documents as are specified in the Proof of Claim Form. The Claims\n\nAdministrator, under the supervision of Lead Counsel, shall determine, in accordance with this\n\nStipulation and the approved Plan of Allocation, the extent, if any, to which each Claim shall be\n\nallowed, subject to review by the Court pursuant to \u00b6 8.9 below.\n\n\n - 30 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 33 of 119\n\n\n\n\n 8.6 The Claims Administrator shall receive Claims and determine, first, whether the\n\nClaim is a valid Claim in whole or part and, second, each Authorized Claimant\u2019s share of the Net\n\nSettlement Fund based upon the Plan of Allocation approved by the Court. Neither Defendants\n\nnor any of the Released Defendant Parties shall be permitted to review, contest, or object to any\n\nProof of Claim Form or any decision of the Claims Administrator or Lead Counsel with respect to\n\naccepting or rejecting any Proof of Claim Form or Claim for payment by a Settlement Class\n\nMember.\n\n 8.7 All Settlement Class Members who fail to timely submit a valid Proof of Claim\n\nForm within the period specified in \u00b6 8.5, or such other period as may be ordered by the Court, or\n\notherwise allowed, shall be forever barred from receiving any payments pursuant to this\n\nStipulation and the Settlement set forth herein. Notwithstanding the foregoing, Lead Counsel shall\n\nhave the discretion (but not an obligation) to accept late-submitted Claims for processing by the\n\nClaims Administrator so long as the distribution of the Net Settlement Fund to Authorized\n\nClaimants is not materially delayed thereby. No Person shall have any claim against Lead\n\nPlaintiffs, Lead Plaintiffs\u2019 Counsel, the Claims Administrator, or any Settlement Class Member\n\nby reason of the exercise or non-exercise of such discretion.\n\n 8.8 Proof of Claim Forms that do not meet the submission requirements may be\n\nrejected. Prior to rejecting a Proof of Claim Form in whole or in part, the Claims Administrator\n\nshall communicate with the Claimant in writing to give the Claimant the chance to remedy any\n\ncurable deficiencies in the Proof of Claim Form submitted. The Claims Administrator, under the\n\nsupervision of Lead Counsel, shall notify, in a timely fashion and in writing, all Claimants whose\n\nClaims the Claims Administrator proposes to reject in whole or in part for curable deficiencies,\n\nsetting forth the reasons therefor, and shall indicate in such notice that the Claimant whose Claim\n\n\n\n\n - 31 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 34 of 119\n\n\n\n\nis to be rejected has the right to a review by the Court if the Claimant so desires and complies with\n\nthe requirements of \u00b6 8.9 below.\n\n 8.9 If any Claimant whose timely Claim has been rejected in whole or in part for\n\ncurable deficiency desires to contest such rejection, the Claimant must, within twenty (20) calendar\n\ndays after the date of mailing of the notice required in \u00b6 8.8 above, or a lesser period of time if the\n\nClaim was untimely, serve upon the Claims Administrator a notice and statement of reasons\n\nindicating the Claimant\u2019s grounds for contesting the rejection along with any supporting\n\ndocumentation, and requesting a review thereof by the Court. If a dispute concerning a Claim\n\ncannot be otherwise resolved, Lead Counsel shall thereafter present the Claimant\u2019s request for\n\nreview to the Court.\n\n 8.10 Except as otherwise ordered by the Court, all Claimants shall be deemed to have\n\nsubmitted to the jurisdiction of the Court with respect to the Claimant\u2019s Claim, including, but not\n\nlimited to, all releases provided for herein and in the Judgment, and the Claim will be subject to\n\ninvestigation and discovery under the Federal Rules of Civil Procedure, provided that such\n\ninvestigation and discovery shall be limited to the Claimant\u2019s status as a Settlement Class Member\n\nand the validity and amount of the Claimant\u2019s Claim. In connection with processing the Proof of\n\nClaim Form, no discovery shall be allowed on the merits of the Action or the Settlement. All\n\nproceedings with respect to the administration, processing and determination of Claims and the\n\ndetermination of all controversies relating thereto, including disputed questions of law and fact\n\nwith respect to the validity of Claims, shall be subject to the jurisdiction of the Court, but shall not,\n\nin any event, delay or affect the finality of the Judgment. All Settlement Class Members, other\n\nClaimants, and Settling Parties expressly waive their right to trial by jury (to the extent any such\n\nright may exist) and any right of appeal or review with respect to such determinations.\n\n\n\n\n - 32 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 35 of 119\n\n\n\n\n 8.11 Except as otherwise ordered by the Court, all Settlement Class Members who do\n\nnot request to be excluded from the Settlement Class (including those who fail to submit a timely\n\nClaim, Claimants whose Claims are rejected, and Authorized Claimants) will, in all other respects,\n\nbe subject to and bound by all of the terms of the Settlement, including the terms of the Judgment\n\nor the Alternate Judgment to be entered in this Action and the releases provided for herein, and\n\nwill be permanently barred and enjoined from bringing any action, claim, or other proceeding of\n\nany kind against the Released Defendant Parties concerning any Released Plaintiffs\u2019 Claims.\n\n 8.12 Lead Counsel will apply to the Court, on notice to Defendants\u2019 Counsel, for a Class\n\nDistribution Order: (a) approving the Claims Administrator\u2019s administrative determinations\n\nconcerning the acceptance and rejection of the Claims submitted; (b) approving payment of any\n\nadministration fees and expenses associated with the administration of the Settlement from the\n\nEscrow Account; and (c) if the Effective Date has occurred, directing payment of the Net\n\nSettlement Fund to Authorized Claimants from the Escrow Account.\n\n 8.13 Following the Effective Date and entry of the Class Distribution Order, the Net\n\nSettlement Fund shall be distributed to the Authorized Claimants substantially in accordance with\n\nthe Plan of Allocation approved by the Court. No distributions will be made to Authorized\n\nClaimants who would otherwise receive a distribution of less than $10.00. If there is any balance\n\nremaining in the Net Settlement Fund after a reasonable period of time after the date of the\n\ndistribution of the Net Settlement Fund, Lead Counsel shall, if feasible, reallocate such balance\n\namong Authorized Claimants who negotiated the checks sent in the initial distribution and who\n\nwould receive a minimum of $10.00. These redistributions shall be repeated until a further\n\nredistribution is not economically feasible. Any de minimis balance that still remains in the Net\n\nSettlement Fund after such reallocation(s) and payments, which is not feasible or economical to\n\n\n\n\n - 33 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 36 of 119\n\n\n\n\nreallocate, shall be donated to one or more non-sectarian, not-for-profit, 501(c)(3) organizations\n\nto be selected by Lead Counsel and approved by the Court.\n\n 8.14 The Released Defendant Parties shall have no responsibility for, interest in, or\n\nliability whatsoever with respect to the distribution of the Net Settlement Fund, the Plan of\n\nAllocation, the determination, administration, or calculation of Claims, the payment or\n\nwithholding of Taxes or Tax Expenses, or any losses incurred in connection therewith. No Person\n\nshall have any claim of any kind against the Released Defendant Parties with respect to the\n\nadministration or distribution of the Settlement Fund and the related matters set forth herein; and\n\nthe Released Defendant Parties shall be released from any and all liability and claims arising from\n\nor with respect to such matters.\n\n 8.15 No Person shall have any claim against the Released Defendant Parties, the\n\nReleased Plaintiff Parties, the Claims Administrator, or any other Person designated by Lead\n\nCounsel based on the administration, processing and determination of Claims made substantially\n\nin accordance with this Stipulation, the approved Plan of Allocation, or further order(s) of the\n\nCourt.\n\n 8.16 All proceedings with respect to the administration, processing and determination of\n\nClaims and the determination of all controversies relating thereto, including disputed questions of\n\nlaw and fact with respect to the validity of Claims, shall be subject to the jurisdiction of the Court.\n\n 9. Objections and Requests for Exclusion\n\n 9.1 Pursuant to the terms and subject to the conditions set forth in the Preliminary\n\nApproval Order, any Settlement Class Member may appear at the Final Approval Hearing and\n\nshow cause why the proposed Settlement embodied herein should not be approved as fair,\n\nreasonable and adequate, or why the Judgment should not be entered thereon. Any Settlement\n\nClass Member may appear at the Final Approval Hearing and show cause why the Plan of\n\n\n - 34 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 37 of 119\n\n\n\n\nAllocation or Lead Counsel\u2019s Fee and Expense Application should not be approved. Any\n\nSettlement Class Member may appear at the Final Approval Hearing to express support for the\n\nSettlement, Plan of Allocation, or Fee and Expense Application.\n\n 9.2 Pursuant to the terms and subject to the conditions set forth in the Preliminary\n\nApproval Order, any putative Settlement Class Member except Lead Plaintiffs may request to be\n\nexcluded from the Settlement Class.\n\n 9.3 The Claims Administrator shall scan and electronically send copies of all requests\n\nfor exclusion in PDF format (or such other format as shall be agreed) to AdaptHealth\u2019s Counsel\n\nand to Lead Counsel as expeditiously as possible, and in any event, and not more than five (5) days\n\nafter receipt by the Claims Administrator. However, if the Claims Administrator receives any\n\nrequests for exclusion within fourteen (14) days of the Final Approval Hearing, it shall scan and\n\nelectronically send copies of those requests to AdaptHealth\u2019s Counsel and to Lead Counsel as\n\nexpeditiously as possible, and, in any event, not more than two (2) business days after receipt by\n\nthe Claims Administrator.\n\n 10. Preliminary Approval of the Settlement\n\n 10.1 As soon as practicable following execution of this Stipulation, Lead Counsel shall\n\nsubmit this Stipulation together with the Exhibits annexed hereto to the Court and shall move for\n\npreliminary approval of the Settlement embodied herein, certification of the Settlement Class for\n\nsettlement purposes only, authorization to provide notice of the Settlement to the Settlement Class,\n\napproval of the contents and method of distribution of the Notices and the Proof of Claim Form,\n\nand scheduling of the Final Approval Hearing after notice is given to the Settlement Class and no\n\nearlier than ninety (90) days following any deadline for Defendants to serve the CAFA Notice as\n\nset forth in \u00b6 2.1 through \u00b6 2.3. Concurrently with the motion for preliminary approval, Lead\n\n\n\n\n - 35 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 38 of 119\n\n\n\n\nPlaintiffs shall apply to the Court for, and Defendants shall agree to, entry of the Preliminary\n\nApproval Order, substantially in the form attached hereto as Exhibit A.\n\n 10.2 Within ten (10) business days after entry of the Preliminary Approval Order,\n\nAdaptHealth shall use its best efforts to provide or cause to be provided to the Claims\n\nAdministrator, at no cost to Lead Plaintiffs or the Settlement Class, reasonably available transfer\n\nrecords in electronic searchable form, such as Excel, containing the names, addresses, and email\n\naddresses (if available) relating to the identity of any purchasers of AdaptHealth common stock\n\nduring the Settlement Class Period. It shall be solely Lead Counsel\u2019s responsibility to disseminate\n\nthe Notice and Summary Notice to the Settlement Class in accordance with this Stipulation and as\n\nordered by the Court. Settlement Class Members shall have no recourse as to Lead Plaintiffs, Lead\n\nPlaintiffs\u2019 Counsel, Defendants or the other Released Defendant Parties with respect to any claims\n\nthey may have that arise from any failure of the notice process made substantially in accordance\n\nwith this Stipulation, or order(s) of the Court.\n\n 10.3 At or after the Final Approval Hearing, Lead Plaintiffs will request that the Court\n\napprove the proposed Plan of Allocation and Lead Counsel will request that the Court approve the\n\nFee and Expense Application.\n\n 11. Judgment Approving the Settlement\n\n 11.1 If the Settlement embodied in this Stipulation is approved by the Court, Lead\n\nCounsel, with Defendants\u2019 consent, shall request that the Court enter the Judgment, substantially\n\nin the form attached hereto as Exhibit B.\n\n 12. Termination Rights\n\n 12.1 Defendants and Lead Plaintiffs shall each have the right to terminate the Settlement\n\nby providing written notice of their election to do so (\u201cTermination Notice\u201d) to the other Settling\n\nParties to this Stipulation within thirty (30) days of the date on which any of the following occur:\n\n(a) the Court\u2019s final refusal to enter the Preliminary Approval Order in any material respect; (b) the\n - 36 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 39 of 119\n\n\n\n\nCourt\u2019s final refusal to approve this Stipulation or any material part thereof; (c) the Court\u2019s final\n\nrefusal to enter the Judgment in any material respect as to the Settlement; (d) the date upon which\n\nthe Judgment is modified or reversed in any material respect by the United States Court of Appeals\n\nfor the Third Circuit or the United States Supreme Court; (e) the date upon which an Alternate\n\nJudgment is modified or reversed in any material respect by the United States Court of Appeals\n\nfor the Third Circuit or the United States Supreme Court; or (f) the failure of the Effective Date to\n\noccur for any reason, and the provisions of \u00b6\u00b6 13.3. 13.5, and 13.6 below shall apply.\n\nNotwithstanding the foregoing, any order or proceeding, whether in this Court or any appellate\n\ncourt, with respect to a Fee and Expense Application, Fee and Expense Award, or the Plan of\n\nAllocation shall not be considered necessary or material to the Settlement, shall not be considered\n\na condition of Settlement, shall not affect the finality of any Judgment or the Alternate Judgment\n\nand shall not be grounds for termination of the Settlement.\n\n 12.2 In addition to the grounds set forth in \u00b6 12.1 above, AdaptHealth shall have, in its\n\nsole and absolute discretion, the right to terminate the Settlement and render it null and void in the\n\nevent that Settlement Class Members requesting exclusion from the Settlement Class meet the\n\nconditions set forth in a separate confidential agreement (the \u201cSupplemental Agreement\u201d) executed\n\nbetween Lead Plaintiffs and AdaptHealth, by and through their counsel concurrently herewith.\n\nLead Plaintiffs and AdaptHealth agree to maintain the confidentiality of the Supplemental\n\nAgreement, which is being executed concurrently herewith. The Supplemental Agreement shall\n\nnot be filed with the Court and its terms shall not be disclosed in any other manner (other than the\n\nstatements herein and in the Notices, to the extent necessary, or as otherwise provided in the\n\nSupplemental Agreement) unless the Court otherwise directs or a dispute arises between Lead\n\nPlaintiffs and AdaptHealth concerning its interpretation or application; provided, however, that if\n\nthe Supplemental Agreement is submitted to the Court, Lead Plaintiffs and AdaptHealth will seek\n\n\n - 37 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 40 of 119\n\n\n\n\nto have the Supplemental Agreement submitted to the Court in camera or filed under seal.\n\nNotwithstanding the foregoing, AdaptHealth may include a redacted copy of the Supplemental\n\nAgreement with any CAFA Notice.\n\n 12.3 In addition to the grounds set forth in \u00b6 12.1 above, Lead Plaintiffs shall also have\n\nthe right to terminate the Settlement in the event that the Settlement Amount is not timely deposited\n\nas provided for in \u00b6 4.1, but only if: (a) Lead Counsel has notified Defendants\u2019 Counsel in writing\n\nof Lead Plaintiffs\u2019 intention to terminate the Settlement, and (b) the entire Settlement Amount is\n\nnot paid within five (5) business days after Lead Counsel has provided such written notice.\n\n 12.4 The termination rights set forth herein are not intended to limit or impair the\n\nSettling Parties\u2019 rights under the law of contracts of the Commonwealth of Pennsylvania with\n\nrespect to any breach of this Stipulation.\n\n 13. Conditions of Settlement and Effect of Disapproval, Cancellation, or\n Termination\n\n 13.1 The Effective Date of the Settlement shall be deemed to have occurred upon the\n\noccurrence or waiver of all of the following events:\n\n a) the Court has entered the Preliminary Approval Order, substantially\n\nin the form set forth in Exhibit A;\n\n b) the Settlement Amount has been deposited into the Escrow Account;\n\n c) Defendants have not exercised their option to terminate the\n\nSettlement pursuant to the provisions of this Stipulation, including pursuant to the Supplemental\n\nAgreement, and the time to exercise such termination rights has expired;\n\n d) Lead Plaintiffs have not exercised their option to terminate the\n\nSettlement pursuant to the provisions of this Stipulation and the time to exercise their termination\n\nrights have expired;\n\n\n\n - 38 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 41 of 119\n\n\n\n\n e) the Court has approved the Stipulation and the Settlement embodied\n\nherein, following the provision of notice to the Settlement Class and a Final Approval Hearing, as\n\nprescribed by Rule 23 of the Federal Rules of Civil Procedure; and\n\n f) the Court has entered the Judgment, substantially in the form set\n\nforth in Exhibit B, and the Judgment has become Final; or the Court has entered an Alternate\n\nJudgment, and neither Lead Plaintiffs nor any Defendant seek to terminate the Settlement and the\n\nAlternate Judgment has become Final.\n\n 13.2 If the conditions specified in \u00b6 13.1 hereof are met and the Effective Date has\n\noccurred, no portion of the Settlement Fund will be returned to AdaptHealth or any other Person\n\nfunding the Settlement Amount, irrespective of the number of Claims filed, the collective amount\n\nof losses of Authorized Claimants, the percentage of recovery of losses, or the amounts to be paid\n\nto Authorized Claimants from the Net Settlement Fund.\n\n 13.3 If the conditions specified in \u00b6 13.1 hereof are not met, then the Settlement shall be\n\ncanceled and terminated pursuant to \u00b6 12.1 through \u00b6 12.4 hereof unless Defendants and Lead\n\nPlaintiffs mutually agree in writing to proceed with the Settlement.\n\n 13.4 Upon the Effective Date, any and all remaining interest or right of AdaptHealth or\n\nAdaptHealth\u2019s Insurers in or to the Settlement Fund, if any, shall be absolutely and forever\n\nextinguished and the Releases herein shall be effective.\n\n 13.5 If (i) Defendants exercise their right to terminate the Settlement as provided in this\n\nStipulation; (ii) Lead Plaintiffs exercise their right to terminate the Settlement as provided in this\n\nStipulation; (iii) the Court disapproves the Settlement; (iv) the Judgment or the Alternate Judgment\n\nis reversed or vacated or altered following any appeal taken therefrom, or is successfully\n\ncollaterally attacked; or (v) the Effective Date as to the Settlement otherwise fails to occur, then:\n\n\n\n\n - 39 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 42 of 119\n\n\n\n\n a) The Settlement and relevant portions of this Stipulation shall be\n\ncanceled and terminated.\n\n b) Lead Plaintiffs and Defendants shall revert to their respective\n\npositions in the Action as of October 23, 2025.\n\n c) The terms and provisions of this Stipulation, with the exception of\n\n\u00b6\u00b6 1.1\u20131.57, 5.1-5.3, 5.5, 5.7-5.14, 13.1-13.5, 14.1-14.2, 15.19, and 15.30 hereof, shall have no\n\nfurther force and effect with respect to the Settling Parties and shall not be used in this Action or\n\nin any other proceeding, litigation, or investigation for any purpose, and any judgment or order\n\nentered by the Court in accordance with the terms of this Stipulation shall be treated as vacated,\n\nnunc pro tunc.\n\n d) Within ten (10) business days after written notification of such event\n\nis sent by AdaptHealth\u2019s Counsel or Lead Counsel to the Escrow Agent, the Settlement Fund\n\n(including accrued interest), less Taxes, Tax Expenses, and Notice and Administration Costs\n\nactually incurred, paid, or payable pursuant to \u00b6 5.5 and/or \u00b6 5.11 hereof, or are chargeable to the\n\nSettlement Fund pursuant to \u00b6 5.5 and/or \u00b6 5.11 hereof, shall be refunded by the Escrow Agent to\n\nAdaptHealth and AdaptHealth\u2019s Insurers. Lead Counsel shall apply for any tax refund owed on\n\nthe Settlement Fund and pay the proceeds, after deducting any fees or expenses incurred in\n\nconnection with such application(s), to AdaptHealth and AdaptHealth\u2019s Insurers in the same\n\nmanner as the Settlement Fund described in this \u00b6 13.5.\n\n e) If any portion of the Fee and Expense Award has been paid out of\n\nthe Settlement Fund, then Lead Counsel, including its partners and/or shareholders, and such other\n\nLead Plaintiffs\u2019 Counsel, including their law firms, partners, and/or shareholders, and/or Lead\n\nPlaintiffs, to the extent they have received any portion of the Fee and Expense Award, shall, within\n\nfifteen (15) business days from receiving notice from AdaptHealth\u2019s Counsel or from a court of\n\n\n - 40 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 43 of 119\n\n\n\n\nappropriate jurisdiction, refund or repay to the Settlement Fund all such fees and expenses\n\npreviously paid to them from the Settlement Fund plus the interest earned thereon. Any refunds\n\nor payment required pursuant to this \u00b6 13.5(e) shall be the several obligation of Lead Plaintiffs\u2019\n\nCounsel, including their partners, shareholders, and/or members, and/or Lead Plaintiffs, to the\n\nextent they have received any portion of the Fee and Expense Award, to make appropriate refunds\n\nor repayments to the Settlement Fund. As a condition of receiving such fees and expenses, Lead\n\nPlaintiffs\u2019 Counsel, on behalf of themselves and their partners, shareholders, and/or members, and\n\nLead Plaintiffs, agree that Lead Counsel and each of their partners, shareholders, and/or members,\n\nand Lead Plaintiffs are subject to the jurisdiction of the Court for the purpose of enforcing the\n\nprovisions of this paragraph and are severally liable for the full amount of all fees, expenses, and\n\ncosts paid from the Settlement Fund. Without limitation, Lead Plaintiffs\u2019 Counsel and their\n\npartners, shareholders, and/or members, and Lead Plaintiffs agree that the Court may, upon\n\napplication of AdaptHealth and notice to Lead Plaintiffs\u2019 Counsel, summarily issue orders,\n\nincluding, but not limited to, judgments and attachment orders, and may make appropriate findings\n\nof or sanctions for contempt, should they fail to timely repay fees and expenses pursuant to this\n\nparagraph.\n\n 13.6 In the event that the Effective Date does not occur, or the Judgment or the order\n\nmaking the Fee and Expense Award is reversed or modified, or this Stipulation is cancelled or\n\nterminated for any other reason, and such reversal, modification, cancellation or termination\n\nbecomes Final and not subject to review, and in the event that the Fee and Expense Award has\n\nbeen paid to any extent, then Lead Counsel, including its partners and/or shareholders, and such\n\nother Lead Plaintiffs\u2019 Counsel, including their law firms, partners, and/or shareholders, and Lead\n\nPlaintiffs who have received any portion of the Fee and Expense Award shall, within fifteen (15)\n\nbusiness days from receiving notice from AdaptHealth\u2019s Counsel or from a court of appropriate\n\n\n - 41 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 44 of 119\n\n\n\n\njurisdiction, refund to the Settlement Fund all such fees and expenses previously paid to them from\n\nthe Settlement Fund plus interest thereon at the same rate as earned by the Settlement Fund in an\n\namount consistent with such reversal, modification, cancellation or termination. Any refunds or\n\npayment required pursuant to this \u00b6 13.6 shall be the several obligation of Lead Plaintiffs\u2019 Counsel,\n\nincluding their partners, shareholders, and/or members, and Lead Plaintiffs that received fees or\n\nexpenses to make appropriate refunds or repayments to the Settlement Fund. As a condition of\n\nreceiving such fees and expenses, Lead Plaintiffs\u2019 Counsel, on behalf of themselves and their\n\npartners, shareholders, and/or members, and Lead Plaintiffs, agree that Lead Counsel and each of\n\ntheir partners, shareholders, and/or members, and Lead Plaintiffs are subject to the jurisdiction of\n\nthe Court for the purpose of enforcing the provisions of this paragraph and are severally liable for\n\nthe full amount of all fees, expenses, and costs paid from the Settlement Fund. Without limitation,\n\nLead Plaintiffs\u2019 Counsel and their partners, shareholders, and/or members, and Lead Plaintiffs\n\nagree that the Court may, upon application of AdaptHealth and notice to Lead Plaintiffs\u2019 Counsel,\n\nissue orders, including, but not limited to, judgments and attachment orders, and may make\n\nappropriate findings of or sanctions for contempt, should they fail to timely repay fees and\n\nexpenses pursuant to this paragraph. Similarly, Defendants agree that the Court may, upon\n\napplication of Lead Plaintiffs, issue orders and may make appropriate findings of or sanctions for\n\ncontempt, should Defendants fail to comply with their obligations under this Stipulation.\n\n 14. No Admission of Wrongdoing\n\n 14.1 Defendants expressly deny any liability with respect to the matters alleged in the\n\nAmended Complaint. Defendants have denied and continue to deny, among other allegations, the\n\nallegations that Lead Plaintiffs or the Settlement Class Members have suffered any damages; that\n\nLead Plaintiffs or the Settlement Class Members were harmed by the conduct alleged in the Action\n\nor that could have been alleged in the Action; that the price of AdaptHealth common stock was\n\n\n - 42 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 45 of 119\n\n\n\n\nartificially inflated by reason of any alleged misrepresentations, omissions, or otherwise; that\n\nDefendants acted fraudulently in any way; that Defendants made any alleged material\n\nmisrepresentations or omissions; that Defendants had or failed to comply with any disclosure\n\nobligations with respect to any alleged misrepresentations or omissions; or that the alleged harm\n\nsuffered by Lead Plaintiffs and other Settlement Class Members, if any, was causally linked to any\n\nalleged misrepresentations or omissions. In addition, Defendants maintain that they have\n\nmeritorious defenses to class certification and all claims alleged in the Action. Nonetheless,\n\nDefendants have concluded that further litigation of the Action, especially given the complexity\n\nof cases such as this one, would be protracted, burdensome, and expensive, and that it is desirable\n\nand beneficial to them that they secure releases to the fullest extent permitted by law and that the\n\nAction be fully and finally settled and terminated in the manner and upon the terms and conditions\n\nset forth in this Stipulation.\n\n 14.2 Neither the Settlement, this Stipulation (whether or not consummated), including\n\nthe Exhibits hereto and the Plan of Allocation, the negotiations leading to the execution of this\n\nStipulation and the Settlement, nor any proceedings, communications, drafts, documents or\n\nagreements taken pursuant to or in connection with this Stipulation, and/or approval of the\n\nSettlement (including any arguments proffered in connection therewith):\n\n (a) shall be offered or received against any of the Released Defendant Parties\n\nas evidence of or construed as or deemed to be evidence of any presumption, concession, or\n\nadmission by any of the Released Defendant Parties of the truth of any allegations by Lead\n\nPlaintiffs or any Settlement Class Member or the validity, or lack thereof, of any claim that has\n\nbeen or could have been asserted in the Action, or the deficiency of any defense that has been or\n\ncould have been asserted in the Action or in any other litigation, including, but not limited to,\n\nlitigation of the Released Plaintiffs\u2019 Claims, or the deficiency of any defense that has been or could\n\n\n - 43 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 46 of 119\n\n\n\n\nhave been asserted in the Action or in any litigation, or of any liability, negligence, fault, or\n\nwrongdoing of the Released Defendant Parties;\n\n (b) shall be offered or received against any of the Released Defendant Parties\n\nas evidence of or construed as or deemed to be evidence of any presumption, concession, or\n\nadmission by any of the Released Defendant Parties of any fault, misrepresentation, or omission\n\nwith respect to any statement or written document approved or made by any Released Defendant\n\nParty, or against any Released Plaintiff Party as evidence of any infirmity in the claims of Lead\n\nPlaintiffs or the other Settlement Class Members;\n\n (c) shall be offered or received against any of the Released Plaintiff Parties as\n\nevidence of or construed as or deemed to be evidence of any presumption, concession, or\n\nadmission that any of Lead Plaintiffs\u2019 or the Settlement Class\u2019s claims are without merit, that any\n\nof the Released Defendant Parties had meritorious defenses, or that damages recoverable under\n\nthe Amended Complaint would not have exceeded the Settlement Amount;\n\n (d) shall be offered or received against any of the Released Defendant Parties\n\nor Released Plaintiff Parties as evidence or construed as or deemed to be evidence of any\n\npresumption, concession, or admission with respect to liability, negligence, fault, or wrongdoing\n\nof any kind, or in any way referred to for any other reason as against any of the Released Defendant\n\nParties or Released Plaintiff Parties in any arbitration proceeding or other civil, criminal, or\n\nadministrative action or proceeding; and/or\n\n (e) shall be construed against any of the Released Defendant Parties or\n\nReleased Plaintiff Parties as evidence of a presumption, concession, or admission that the\n\nconsideration to be given hereunder represents the amount which could be or would have been\n\nrecovered after trial in the Action or in any proceeding;\n\n\n\n\n - 44 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 47 of 119\n\n\n\n\n (f) provided, however, that, notwithstanding the foregoing, if this Stipulation\n\nis approved by the Court, the Settling Parties and the other Released Defendant Parties and\n\nReleased Plaintiff Parties may file or refer to this Stipulation to effectuate the protections from\n\nliability granted hereunder or otherwise to enforce the terms of the Settlement.\n\n 15. Miscellaneous Provisions\n\n 15.1 The Settling Parties agree to fully cooperate to the extent reasonably necessary to\n\neffectuate and implement all terms and conditions of this Stipulation, including in seeking Court\n\napproval of the Preliminary Approval Order. The Settling Parties further agree to exercise their\n\nbest efforts to accomplish the foregoing terms and conditions of this Stipulation and to promptly\n\nagree upon and execute all such other documentation as may be reasonably required to obtain final\n\napproval by the Court of the Settlement.\n\n 15.2 Pending approval of the Court of the Settlement, all proceedings in this Action shall\n\nbe stayed and Lead Plaintiffs and all Settlement Class Members shall be barred and enjoined from,\n\nother than for those matters necessary to implement and effectuate the Settlement itself: (a) taking\n\nany steps to prosecute any of the Released Plaintiffs\u2019 Claims against any of the Released Defendant\n\nParties; and (b) initiating or participating in any proceedings asserting any of the Released\n\nPlaintiffs\u2019 Claims against any of the Released Defendant Parties. Also, Lead Plaintiffs shall not\n\ntake any discovery relating to the Settlement, often referred to as confirmatory discovery,\n\nincluding, but not limited to, document discovery and depositions, and will not seek Court\n\npermission or undertake other efforts to do so.\n\n 15.3 All of the Exhibits attached hereto are hereby incorporated by reference as though\n\nfully set forth herein. Notwithstanding the foregoing, in the event that there exists a conflict or\n\ninconsistency between the terms of this Stipulation and the terms of any Exhibit attached hereto,\n\nthe terms of the Stipulation shall prevail.\n\n\n - 45 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 48 of 119\n\n\n\n\n 15.4 AdaptHealth warrants that, as to the payments made or to be made on behalf of it,\n\nat the time of entering into this Stipulation and at the time of such payment it, or to the best of their\n\nknowledge any persons or entities contributing to the payment of the Settlement Amount, were not\n\ninsolvent, nor will the payment required to be made by or on behalf of them render them insolvent,\n\nwithin the meaning of and/or for the purposes of the United States Bankruptcy Code, including\n\n\u00a7\u00a7 101 and 547 thereof. This representation is made by AdaptHealth and not by its counsel.\n\n 15.5 In the event of the entry of a final order of a court of competent jurisdiction\n\ndetermining any portion of AdaptHealth\u2019s payment to the Settlement Fund on behalf of Defendants\n\nto be a preference, voidable transfer, fraudulent transfer or similar transaction and any portion\n\nthereof is required to be returned, then, at the election of Lead Plaintiffs, Lead Plaintiffs may move\n\nthe Court to vacate and set aside the Releases given and the Judgment or Alternate Judgment, if\n\napplicable, entered in favor of Defendants and the other Releasees pursuant to this Stipulation, in\n\nwhich event the Releases and Judgment, or Alternate Judgment, if applicable, shall be null and\n\nvoid, and the Parties shall be restored to their respective positions in the litigation as provided in\n\n\u00b6 13.5 above and any cash amounts in the Settlement Fund (less any Taxes paid, due or owing with\n\nrespect to the Settlement Fund and less any Notice and Administration Costs actually incurred,\n\npaid or payable) shall be returned as provided in \u00b6 13.5 above.\n\n 15.6 The Settling Parties intend the Settlement to be a final and complete resolution of\n\nall disputes asserted or which could be asserted by Lead Plaintiffs and any other Settlement Class\n\nMember against the Released Defendant Parties with respect to the Released Plaintiffs\u2019 Claims.\n\nThe Settlement compromises all claims that were or are contested and shall not be deemed an\n\nadmission by any Settling Party as to the merits of any claim or defense. No Settling Party will\n\ndeny that the Action was commenced, litigated, and resolved in good faith and in a manner that\n\ncomports with Rule 11 of the Federal Rules of Civil Procedure (\u201cRule 11\u201d). No Settling Party will\n\n\n - 46 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 49 of 119\n\n\n\n\nassert any violation of Rule 11 or any similar law, rule or regulation relating to the litigation of the\n\nAction, including, but not limited to, the institution, prosecution, defense, or settlement of the\n\nAction. The Judgment will contain a finding that, during the course of the Action, the Settling\n\nParties and their counsel at all times complied with the requirements of Rule 11. No Settling Party\n\nwill object to any finding by the Court in the Judgment, Alternate Judgment, or otherwise that the\n\nSettling Parties and their respective counsel have complied in all respects with the requirements of\n\nRule 11 in connection with the institution, prosecution, defense, and settlement of the Action. The\n\nSettling Parties agree that the Settlement Amount and the other terms of the Settlement were\n\nnegotiated at arm\u2019s length and in good faith by the Settling Parties, and reflect the Settlement that\n\nwas reached voluntarily after extensive negotiations and consultation with experienced legal\n\ncounsel, who were fully competent to assess the strengths and weaknesses of their respective\n\nclients\u2019 claims or defenses.\n\n 15.7 The Settling Parties agree to take no action with respect to the Settlement that is\n\nintended to, or that would be reasonably expected to, harm the reputation of any other Settling\n\nParty (including the Settling Party\u2019s officers, directors, employees, agents, attorneys, or insurers)\n\nor that would reasonably be expected to lead to unfavorable publicity for any other Settling Party;\n\nprovided however it is understood that Lead Plaintiffs\u2019 recitation of the allegations that were\n\nasserted against Defendants in the Action, including in the Notices and in their motions for\n\npreliminary and final approval of the Settlement, shall not constitute a violation of the provision..\n\n 15.8 The Settling Parties and their counsel agree not to assert in any statement made to\n\nany media representative (whether or not for attribution) that the Action was commenced or\n\nprosecuted by Lead Plaintiffs or defended by Defendants in bad faith or without a reasonable basis,\n\nnor will they deny that the Action was commenced and prosecuted and defended in good faith and\n\nis being settled voluntarily after consultation with competent legal counsel. In all events, the\n\n\n - 47 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 50 of 119\n\n\n\n\nSettling Parties and their counsel shall not make any accusations of wrongful or actionable conduct\n\nby any party concerning the prosecution, defenses and resolution of the Action, and shall not\n\notherwise suggest that the Settlement constitutes an admission of any claim or defense alleged, to\n\nthe media or otherwise. The Settling Parties reserve their right to rebut, in a manner that such\n\nParty determines to be appropriate, any contention made in any public forum regarding the Action,\n\nincluding that the Action was brought or defended in bad faith or without a reasonable basis. For\n\nthe avoidance of doubt, the Defendants retain their right to deny that the claims and allegations\n\nasserted in the Action were meritorious.\n\n 15.9 This Stipulation and the Exhibits attached hereto together with the Supplemental\n\nAgreement constitute the entire agreement among the Parties as to the subject matter hereof. This\n\nStipulation and the Supplemental Agreement supersede any prior or contemporaneous written or\n\noral agreements or understandings between the Parties, and no representations, warranties, or\n\ninducements have been made to any Party concerning this Stipulation, its Exhibits, or the\n\nSupplemental Agreement, other than the representations, warranties, and covenants contained and\n\nmemorialized in such documents.\n\n 15.10 This Stipulation shall be binding upon, and inure to the benefit of, the successors\n\nand assigns of the Settling Parties, including any and all Released Defendant Parties.\n\n 15.11 All time periods set forth in this Stipulation shall be computed in calendar days,\n\nunless expressly provided otherwise, and pursuant to the terms of Rule 6(a) of the Federal Rules\n\nof Civil Procedure.\n\n 15.12 The headings herein are used for the purpose of convenience only and are not meant\n\nto have legal effect.\n\n 15.13 The administration, consummation and enforcement of the Settlement as embodied\n\nin this Stipulation shall be under the authority of the Court, and the Settling Parties intend that the\n\n\n - 48 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 51 of 119\n\n\n\n\nCourt retain jurisdiction with respect to implementation and enforcement of the terms of this\n\nStipulation, inter alia, entering orders providing for any Fee and Expense Award, the approval of\n\nthe Plan of Allocation and enforcing the terms of the Settlement. All Settling Parties submit to the\n\njurisdiction of the Court for purposes of implementing and enforcing the Settlement embodied in\n\nthis Stipulation and matters related to the Settlement.\n\n 15.14 All notices, requests, demands, claims, and other communications hereunder shall\n\nbe in writing and shall be deemed duly given (a) one (1) business day after being sent to the\n\nrecipient by reputable overnight courier service (charges prepaid), or (b) seven (7) business days\n\nafter being mailed to the recipient by certified or registered mail, return receipt requested and\n\npostage prepaid, and addressed to the intended recipient as set forth below:\n\n If to Lead Plaintiffs or to Lead Counsel:\n\n BERNSTEIN LITOWITZ BERGER &\n GROSSMANN LLP\n KATHERINE M. SINDERSON\n JOHN RIZIO-HAMILTON\n 1251 Avenue of the Americas\n New York, NY 10020\n Telephone: (212) 554-1400\n Facsimile: (212) 554-1444\n Email: katiem@blbglaw.com\n johnr@blbglaw.com\n\n If to AdaptHealth, any AdaptHealth Defendant, or the AdaptHealth Defendants\u2019\n Counsel:\n\n WILLKIE FARR & GALLAGHER LLP\n TODD G. COSENZA\n ZEH S. EKONO\n 787 Seventh Avenue\n New York, NY 10019\n Telephone: (212) 728-8000\n Email: tcosenza@willkie.com\n zekono@willkie.com\n\n\n\n\n - 49 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 52 of 119\n\n\n\n\n If to any Underwriter Defendant or Underwriters Defendants\u2019 Counsel:\n\n ALLEN OVERY SHEARMAN\n STERLING US LLP\n ADAM S. HAKKI\n DANIEL LEWIS\n 599 Lexington Avenue\n New York, New York 10022\n Telephone: (212) 848-4000\n Facsimile: (212) 848-7179\n Email: adam.hakki@aoshearman.com\n daniel.lewis@aoshearman.com\n\n 15.15 Unless otherwise provided, the Settling Parties may agree to reasonable extensions\n\nof time to carry out any of the provisions of this Stipulation without further order of the Court.\n\n 15.16 No opinion or advice concerning the tax consequences of the Settlement to\n\nindividual Settlement Class Members is being given or will be given by the Settling Parties or their\n\ncounsel nor is any representation or warranty in this regard made by virtue of this Stipulation.\n\nSettlement Class Members will be directed to consult their own tax advisors regarding the tax\n\nconsequences of this Stipulation, and the Settlement embodied herein, and any tax reporting\n\nobligations they might have with respect to it. Each Settlement Class Member\u2019s tax obligations,\n\nand the determination thereof, are the sole responsibility of the Settlement Class Member, and it\n\nis understood that the tax consequences may vary depending on the particular circumstances of\n\neach Settlement Class Member, and the Released Defendant Parties shall have no liability for such\n\ntaxes, penalties or interest.\n\n 15.17 All agreements made and orders entered during the course of the Action relating to\n\nthe confidentiality of information shall survive this Stipulation.\n\n 15.18 Except as otherwise provided herein, each Settling Party shall bear his, her, or its\n\nown fees and costs.\n\n 15.19 Lead Counsel, on behalf of the Settlement Class, is expressly authorized by Lead\n\nPlaintiffs to take all appropriate action required or permitted to be taken by the Settlement Class\n\n - 50 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 53 of 119\n\n\n\n\npursuant to this Stipulation to effectuate its terms and also is expressly authorized to enter into any\n\nmodifications or amendments to this Stipulation on behalf of the Settlement Class which it deems\n\nappropriate.\n\n 15.20 This Stipulation, along with its Exhibits and the Supplemental Agreement, may not\n\nbe modified or amended, nor may any of its provisions be waived except by a writing signed on\n\nbehalf of both Lead Plaintiffs and Defendants (or their successors-in-interest).\n\n 15.21 The waiver by one Settling Party of any breach of this Stipulation by any other\n\nparty shall not be deemed a waiver by any other Settling Party or a waiver of any other prior or\n\nsubsequent breach of this Stipulation.\n\n 15.22 Any action arising under or to enforce this Stipulation, the Settlement or any portion\n\nof this Stipulation or the Settlement, shall be commenced and maintained only in the Court. All\n\nSettling Parties submit to the jurisdiction of the Court for purposes of implementing and enforcing\n\nthe Settlement.\n\n 15.23 The Settling Parties may file this Stipulation and/or the Judgment or the Alternate\n\nJudgment in any action that may be brought to enforce the terms of this Stipulation, the Settlement\n\nand/or the Judgment or the Alternate Judgment. Defendants and/or the other Released Defendant\n\nParties may file this Stipulation and/or the Judgment or the Alternate Judgment in any other action\n\nthat may be brought against them in order to support a defense or counterclaim based on principles\n\nof res judicata, collateral estoppel, release, statute of limitations, statute of repose, good faith\n\nsettlement, judgment bar or reduction, or any theory of claim preclusion or issue preclusion or\n\nsimilar defense or counterclaim, or to effectuate any liability protection under any applicable\n\ninsurance policy.\n\n 15.24 To the extent there are disputes regarding the interpretation of any term of this\n\nStipulation, the Settling Parties will attempt to resolve any such dispute in good faith. If the\n\n\n - 51 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 54 of 119\n\n\n\n\nSettling Parties fail to resolve the dispute, or in the event of a breach of the terms of the Settlement,\n\nany non-breaching Settling Party shall be entitled to bring an action seeking to enforce those\n\nprovisions, and the exclusive forum for any such action shall be this Court.\n\n 15.25 This Stipulation shall not be construed more strictly against one party than another\n\nmerely by virtue of the fact that it, or any part of it, may have been prepared by counsel for one of\n\nthe Settling Parties, it being recognized that this Stipulation is the result of arm\u2019s-length\n\nnegotiations between the Settling Parties and all Settling Parties have contributed substantially and\n\nmaterially to the preparation of this Stipulation. Nothing in this Stipulation, or the negotiations\n\nrelating thereto, is intended to or shall be deemed to constitute a waiver of any applicable privilege\n\nor immunity, including, without limitation, attorney-client privilege, joint defense privilege, or\n\nwork product protection.\n\n 15.26 This Stipulation, its Exhibits, the Supplemental Agreement, and all documents\n\nnecessary to effectuate it shall be considered to have been negotiated, executed and delivered, and\n\nto be wholly performed, in the Commonwealth of Pennsylvania. The construction, interpretation,\n\noperation, effect and validity of this Stipulation, and all documents necessary to effectuate it, shall\n\nbe construed and enforced in accordance with, and governed by, the internal, substantive laws of\n\nthe Commonwealth of Pennsylvania without giving effect to its choice-of-law principles, except\n\nto the extent that federal law requires that federal law govern.\n\n 15.27 Each counsel or other Person executing this Stipulation, its Exhibits, the\n\nSupplemental Agreement, or any related Settlement document, on behalf of any Settling Party\n\nhereto hereby warrants that such Person has the full authority to do so, and that such Person has\n\nthe authority to take appropriate action required or permitted to be taken pursuant to this\n\nStipulation to effectuate its terms, without requiring additional consent, approval, or authorization\n\nof any other Person, board, entity, tribunal, or other regulatory or governmental authority.\n\n\n - 52 -\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 55 of 119\n\n\n\n\n 15.28 This Stipulation may be executed in one or more counterparts, including by\n\nsignature transmitted via facsimile, or by a .pdf/.tif image of the signature transmitted via email.\n\nAll executed counterparts and each of them shall be deemed to be one and the same instrument.\n\nA complete set of executed counterparts shall be filed with the Court.\n\n 15.29 Whether or not the Settlement is approved by the Court and whether or not the\n\nSettlement is consummated, the Effective Date occurs, the Settling Parties and their counsel agree\n\nto keep all negotiations, discussions, acts performed, agreements, drafts, documents signed, and\n\nproceedings in connection with the Stipulation confidential.\n\n IN WITNESS WHEREOF, the parties hereto have caused this Stipulation to be executed,\n\nby their duly authorized attorneys, dated December 18, 2025.\n\n BERNSTEIN LITOWITZ BERGER &\n GROSSMANN LLP\n\n\n By:\n Katherine M. Sinderson (admitted pro hac vice)\n Hannah Ross\n John Rizio-Hamilton (admitted pro hac vice)\n John J. Esmay (admitted pro hac vice)\n Timothy Fleming (admitted pro hac vice)\n Sarah K. Schmidt (admitted pro hac vice)\n 1251 Avenue of the Americas\n New York, New York 10020\n Telephone: (212) 554\u20131400\n katiem@blbglaw.com\n hannah@blbglaw.com\n johnr@blbglaw.com\n john.esmay@blbglaw.com\n timothy.fleming@blbglaw.com\n sarah.schmidt@blbglaw.com\n\n Lead Counsel for Lead Plaintiffs and the Settlement\n Class\n\n\n\n\n - 53 -\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 56 of 119\n\n\n\n\n KASKELA LAW LLC\n D. Seamus Kaskela (No. 204351)\n Adrienne Bell (No. 202231)\n 18 Campus Boulevard, Suite 100\n Newtown Square, PA 19073\n Telephone: (484) 258-1401\n skaskela@kaskelalaw.com\n abell@kaskelalaw.com\n\n Liaison Counsel for Lead Plaintiffs and the\n Settlement Class\n\n WILLKIE FARR & GALLAGHER LLP\n\n\n By.\n C\n Todd G. Cosenza (admitted pro hac vice)\n Zeh S. Ekono (admitted pro hac vice)\n Allison A. Berkowitch (admitted pro hac vice)\n HI Seventh Avenue\n New York, New York 10019\n Telephone: (212)728-8000\n tcosenza@wi l lkie.com\n zekono@willkie.com\n aberkowitch@willkie.com\n\n\n SAXTON & STUMP\n Steven D. Costello (No. 37288)\n Kathryn Diane Maza Courtney (No. 330883)\n 100 Deerfield Lane, Suite 240\n Malvern, Pennsylvania 19355\n Telephone: (484) 328-8500\n sdc@saxtonstump.com\n kmc@saxtonstump. com\n\n Counsel for the AdaptHealth Defendants\n\n\n\n\n -54-\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 57 of 119\n\n\n\n\n ALLEN OVERY SHEARMAN STERLING US\n LLP\n\n\n By:\n Adam S. Hakki (admitted pro hac vice)\n Daniel Lewis (admitted pro hac vice)\n Elizabeth J. Stewart (admitted pro hac vice)\n 599 Lexington Avenue\n New York, New York 10022\n Telephone: (212) 848-4000\n adam.hakki@aoshearman.com\n daniel.lewis@aoshearman.com\n elizabeth.stewart@aoshearman.com\n\n\n HANGLEY ARONCHICK SEGAL PUDLIN &\n SCHILLER\n Daniel Segal (No. 26218)\n Andrew M. Erdlen (No. 320260)\n One Logan Square, 27th Floor\n Philadelphia, Pennsylvania 19103\n Telephone: (215) 568\u20136200\n dsegal@hangley.com\n aerdlen@hangley.com\n\n Counsel for the Underwriter Defendants\n\n\n\n\n - 55 -\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 58 of 119\n\n\n\n\n Exhibit A\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 59 of 119\n\n\n\n\n Exhibit A\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\nIn re AdaptHealth Corp. Securities Litigation Case No. 2:23-cv-04104-MRP\n\n\n\n\n [PROPOSED] ORDER PRELIMINARILY APPROVING\n SETTLEMENT AND PROVIDING FOR NOTICE\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 60 of 119\n\n\n\n\n WHEREAS, an action is pending before this Court entitled In re AdaptHealth Corp.\n\nSecurities Litigation, Case No. 2:23-cv-04104-MRP (E.D. Pa.) (the \u201cAction\u201d);\n\n WHEREAS, the Settling Parties having made an application, pursuant to Federal Rule of\n\nCivil Procedure 23(e), for an order preliminarily approving the Settlement of this Action, in\n\naccordance with a Stipulation and Agreement of Settlement dated December 18, 2025 (the\n\n\u201cStipulation\u201d), which, together with the Exhibits annexed thereto and the Supplemental\n\nAgreement, sets forth the terms and conditions for a proposed settlement of this Action and for\n\ndismissal of the Action with prejudice upon the terms and conditions set forth therein; and the\n\nCourt having read and considered the Stipulation and the Exhibits annexed thereto;\n\n WHEREAS, unless otherwise defined, all capitalized terms used herein have the same\n\nmeanings as set forth in the Stipulation; and\n\n WHEREAS, the Court preliminarily finds that:\n\n (a) Lead Plaintiffs and Lead Counsel have adequately represented the\n\nSettlement Class;\n\n (b) the Settlement resulted from informed, extensive arm\u2019s length negotiations\n\nbetween experienced counsel, who, during the course of the Action, also engaged an experienced\n\nand neutral third-party mediator;\n\n (c) the record is sufficiently developed and complete to have enabled the\n\nSettling Parties to have adequately evaluated and considered their positions;\n\n (d) the relief provided for the Settlement Class under the Settlement is adequate\n\ntaking into account the costs, risks, and delay of trial and appeal; the proposed means of\n\ndistributing the Settlement Fund to the Settlement Class; and the proposed attorneys\u2019 fee award;\n\n\n\n\n 2\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 61 of 119\n\n\n\n\n (e) the Settlement treats members of the Settlement Class equitably relative to\n\neach other; and\n\n (f) the Settlement appears to fall within the range of possible approval and is\n\ntherefore sufficiently fair, reasonable and adequate to warrant providing notice of the Settlement\n\nto the Settlement Class.\n\n NOW, THEREFORE, IT IS HEREBY ORDERED THAT:\n\n 1. The Court hereby preliminarily approves the Settlement set forth in the Stipulation,\n\nsubject to further consideration at the Final Approval Hearing described below.\n\n 2. Pursuant to Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure, and for\n\npurposes of this Settlement only, this Action is hereby preliminarily certified as a class action on\n\nbehalf of all Persons who purchased or otherwise acquired AdaptHealth common stock during the\n\nperiod from August 4, 2020 through November 7, 2023, inclusive (the \u201cSettlement Class Period\u201d).\n\nExcluded from the Settlement Class are: (a) Defendants; (b) any person who served as an officer\n\nor director of AdaptHealth during the Settlement Class Period; (c) the Immediate Family Members\n\nof the Individual Defendants and the excluded officers and directors; (d) any firm, trust,\n\ncorporation, or other entity in which any excluded Person has, or had during the Settlement Class\n\nPeriod, a controlling interest; (e) the legal representatives, parents, subsidiaries, agents, affiliates,\n\nheirs, successors-in-interest, predecessors, or assigns of any such excluded Person, in their\n\ncapacities as such; and (f) any Person who would otherwise be a Settlement Class Member but\n\nwho requests, and is granted by the Court, exclusion from the Settlement Class, provided, however,\n\nthat any Investment Vehicle shall not be excluded from the Settlement Class. Notwithstanding the\n\nforegoing, any AdaptHealth employee retirement, savings, or benefit plan shall not be deemed an\n\naffiliate of any Defendant, except that any Claim submitted on behalf of any AdaptHealth\n\n\n\n 3\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 62 of 119\n\n\n\n\nemployee retirement, savings, or benefit plan shall be pro-rated to exclude the proportion owned\n\nby Defendants and other excluded persons or entities.\n\n 3. The Court finds, for the purposes of the Settlement only, that the prerequisites for\n\na class action under Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure have been\n\nsatisfied in that: (a) the number of Settlement Class Members is so numerous that joinder of all\n\nmembers is impracticable; (b) there are questions of law and fact common to the Settlement Class;\n\n(c) the claims of Lead Plaintiffs are typical of the claims of the Settlement Class they seek to\n\nrepresent; (d) Lead Plaintiffs and Lead Counsel have and will fairly and adequately represent the\n\ninterests of the Settlement Class; (e) the questions of law and fact common to the Settlement Class\n\nMembers predominate over any questions affecting only individual Settlement Class Members;\n\nand (f) a class action is superior to other available methods for the fair and efficient adjudication\n\nof the controversy.\n\n 4. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, and for the purposes\n\nof the Settlement only, Lead Plaintiffs Allegheny County Employees\u2019 Retirement System,\n\nInternational Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of\n\nOntario, and City of Tallahassee Pension Plan are preliminarily certified as Class Representatives\n\nand Lead Counsel Bernstein Litowitz Berger & Grossmann LLP is preliminarily certified as Class\n\nCounsel.\n\n 5. The Court hereby preliminarily approves the Settlement, as embodied in the\n\nStipulation, and finds, pursuant to Rule 23(e)(1)(B)(i) of the Federal Rules of Civil Procedure, that\n\nit will likely be able to finally approve the Settlement under Rule 23(e)(2) as being fair, reasonable,\n\nand adequate to the Settlement Class, subject to further consideration at the Final Approval\n\nHearing to be conducted as described below. The Court preliminarily finds that the proposed\n\n\n\n 4\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 63 of 119\n\n\n\n\nSettlement should be approved as: (a) the result of serious, extensive arm\u2019s-length and non-\n\ncollusive negotiations; (b) falling within a range of reasonableness warranting final approval;\n\n(c) having no obvious deficiencies; and (d) warranting notice of the proposed Settlement to\n\nSettlement Class Members.\n\n 6. A hearing (the \u201cFinal Approval Hearing\u201d) shall be held before this Court on\n\n_____________, 2026, at __:__ _m . (a date that is at least 100 calendar days from entry of this\n\nOrder), at the United States District Court for the Eastern District of Pennsylvania, James A. Byrne\n\nU.S. Courthouse, 601 Market Street, Philadelphia, PA 19106, to determine: (a) whether the\n\nproposed Settlement of this Action on the terms and conditions provided for in the Stipulation is\n\nfair, reasonable, and adequate to the Settlement Class and should be approved by the Court;\n\n(b) whether a Judgment, as provided in \u00b6 1.25 of the Stipulation, should be entered; (c) whether\n\nthe proposed Plan of Allocation is fair, reasonable, and adequate and should be approved; (d) the\n\namount of fees and expenses that should be awarded to Lead Counsel and to Lead Plaintiffs\n\npursuant to 15 U.S.C. \u00a7 78u4(a)(4); and (e) any such other matters as the Court may deem\n\nappropriate. The Court may adjourn or change the date and time of the Final Approval Hearing or\n\ndecide to hold the Final Approval Hearing via remote means without further notice to Settlement\n\nClass Members, and may approve the proposed Settlement with such modifications as the Settling\n\nParties may agree to, if appropriate, without further notice to the Settlement Class.\n\n 7. The Court approves, as to form and content, the Notice of Pendency and Proposed\n\nSettlement of Class Action (the \u201cNotice\u201d), the Proof of Claim and Release form (the \u201cProof of\n\nClaim\u201d), and Summary Notice of Pendency and Proposed Settlement of Class Action (the\n\n\u201cSummary Notice\u201d) annexed hereto as Exhibits 1, 2, and 3, respectively, and finds that the mailing\n\nand distribution of the Notice and publishing of the Summary Notice, substantially in the manner\n\n\n\n 5\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 64 of 119\n\n\n\n\nand form set forth in \u00b6 9 of this Order, meet the requirements of Federal Rule of Civil Procedure\n\n23, the Private Securities Litigation Reform Act of 1995, and due process, and is the best notice\n\npracticable under the circumstances and shall constitute due and sufficient notice to all Persons\n\nentitled thereto.\n\n 8. All fees, costs, and expenses incurred in identifying and notifying potential\n\nSettlement Class Members shall be paid from the Settlement Fund as set forth in the Stipulation,\n\nand in no event shall any of the Released Defendant Parties or the Released Plaintiff Parties bear\n\nany responsibility for such fees, costs, or expenses. Notwithstanding the foregoing, within ten (10)\n\nbusiness days after entry of this Order, AdaptHealth shall use its best efforts to provide or cause\n\nto be provided to the Claims Administrator (defined below) reasonably available transfer records\n\nin electronic searchable form, such as Excel, containing the names, addresses, and email addresses\n\n(if available) relating to the identity of any purchasers of AdaptHealth common stock during the\n\nSettlement Class Period for purposes of mailing the Notice to the Settlement Class pursuant to \u00b6\n\n10.2 of the Stipulation.\n\n 9. The firm of Kroll Settlement Administration (\u201cClaims Administrator\u201d) is hereby\n\nappointed to supervise and administer the notice procedure as well as the processing of Claims as\n\nmore fully set forth below: (a) Not later than __________, 2026 (the \u201cNotice Date\u201d) (a date thirty\n\n(30) calendar days after entry by this Court of this Order), the Claims Administrator shall\n\ncommence mailing the Notice and Proof of Claim Form, substantially in the forms annexed hereto,\n\nby First-Class Mail (or email, where email addresses are available) to all potential Settlement Class\n\nMembers who can be identified with reasonable effort and post the Notice and Proof of Claim\n\nForm on its website at www.AdaptHealth2025SecuritiesLitigation.com. For all Notices returned\n\nas undeliverable, the Claims Administrator shall use its best efforts to locate updated addresses;\n\n\n\n 6\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 65 of 119\n\n\n\n\n(b) Not later than _________, 2026 (a date seven (7) calendar days after the Notice Date), the\n\nClaims Administrator shall cause the Summary Notice to be published once in the national edition\n\nof The Wall Street Journal and once over a national newswire service; and (c) At least seven (7)\n\ncalendar days prior to the Final Approval Hearing, Lead Counsel shall serve on Defendants\u2019\n\nCounsel and file with the Court proof, by affidavit or declaration, of such mailing and publishing.\n\n 10. Nominees who purchased or acquired AdaptHealth common stock during the\n\nSettlement Class Period for the beneficial ownership of potential Settlement Class Members shall\n\nsend the Notice and the Proof of Claim Form (the \u201cNotice Packet\u201d) to all such beneficial owners\n\nof AdaptHealth common stock within ten (10) calendar days after receipt thereof, or send a list of\n\nthe names and addresses or email addresses where available of such beneficial owners to the\n\nClaims Administrator within ten (10) calendar days of receipt thereof, in which event the Claims\n\nAdministrator shall promptly mail or email the Notice Packet to such beneficial owners. Lead\n\nCounsel shall, if requested, reimburse banks, brokerage houses or other nominees solely for their\n\nreasonable out-of-pocket expenses incurred in providing notice to beneficial owners who are\n\npotential Settlement Class Members out of the Settlement Fund, which expenses would not have\n\nbeen incurred except for the sending of such notice, subject to further order of this Court with\n\nrespect to any dispute concerning such compensation. Reasonable expenses shall not exceed $0.05\n\nplus postage at the pre-sort rate used by the Claims Administrator per Notice Packet mailed; $0.05\n\nper Notice Packet emailed; or $0.05 per mailing record provided to the Claims Administrator.\n\n 11. Settlement Class Members shall be bound by all determinations and judgments in\n\nthis Action concerning the Settlement, including, but not limited to, the releases provided for in\n\nthe Stipulation, whether favorable or unfavorable to the Settlement Class, whether or not such\n\n\n\n\n 7\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 66 of 119\n\n\n\n\nSettlement Class Members submit Proof of Claim Forms or otherwise seek or obtain by any means\n\nany distribution from the Settlement Fund.\n\n 12. Settlement Class Members who wish to participate in the Settlement shall complete\n\nand submit Proof of Claim Forms in accordance with the instructions contained therein. Unless\n\nthe Court orders otherwise, all Proof of Claim Forms must be postmarked or submitted\n\nelectronically no later than ____________, 2026 (a date one hundred-twenty (120) calendar days\n\nfrom the Notice Date). Any Settlement Class Member who does not timely submit a Proof of\n\nClaim within the time provided for, shall be barred from sharing in the distribution of the proceeds\n\nof the Net Settlement Fund, unless otherwise ordered by the Court, but will in all other respects be\n\nsubject to and bound by the provisions of the Stipulation and the Judgment, if entered.\n\nNotwithstanding the foregoing, Lead Counsel may, in its discretion, accept late-submitted Claims\n\nfor processing by the Claims Administrator so long as distribution of the Net Settlement Fund to\n\nAuthorized Claimants is not materially delayed thereby. No Person shall have any claim against\n\nLead Plaintiffs, Lead Plaintiffs\u2019 Counsel, or the Claims Administrator by reason of the decision to\n\nexercise such discretion whether to accept late-submitted Claims.\n\n 13. Any Settlement Class Member may enter an appearance in this Action, at his, her,\n\nor its own expense, individually or through counsel of his, her, or its own choice. Any Settlement\n\nClass Member who does not enter an appearance will be represented by Lead Counsel.\n\n 14. Any Settlement Class Member except Lead Plaintiffs may, upon request, be\n\nexcluded or \u201copt out\u201d from the Settlement Class. Any such Person must submit to the Claims\n\nAdministrator a signed request for exclusion (\u201cRequest for Exclusion\u201d) such that it is postmarked\n\nno later than ____________, 2026 (a date that is twenty-one (21) calendar days prior to the Final\n\nApproval Hearing). A Request for Exclusion must: (i) state the name, address, and telephone\n\n\n\n 8\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 67 of 119\n\n\n\n\nnumber of the person or entity requesting exclusion, and in the case of entities, the name and\n\ntelephone number of the appropriate contact person; (ii) state that such person or entity \u201crequests\n\nexclusion from the Settlement Class in In re AdaptHealth Corp. Securities Litigation, Case No.\n\n2:23-cv-04104-MRP; (iii) state the number of shares of AdaptHealth common stock that the person\n\nor entity requesting exclusion (A) owned as of the opening of trading on August 4, 2020 and\n\n(B) purchased/acquired and/or sold from August 4, 2020 through November 7, 2023, inclusive, as\n\nwell as the date, number of shares, and prices of each such purchase/acquisition and sale; and\n\n(iv) be signed by the person or entity requesting exclusion or an authorized representative. All\n\nPersons who submit Requests for Exclusion in the manner set forth in this paragraph and the Notice\n\nand are accepted by the Court shall have no rights under the Settlement, shall not share in the\n\ndistribution of the Net Settlement Fund, and shall not be bound by the Settlement or any final\n\nJudgment. Unless otherwise ordered by the Court, any Person who purchased or otherwise\n\nacquired AdaptHealth common stock during the Settlement Class Period who fails to timely\n\nrequest exclusion from the Settlement Class in compliance with this paragraph shall be deemed to\n\nhave waived his, her, or its right to be excluded from the Settlement Class, and shall be barred\n\nfrom requesting exclusion from the Settlement Class in this or any other proceeding.\n\n 15. Lead Counsel or the Claims Administrator shall cause to be provided to\n\nDefendants\u2019 Counsel copies of all Requests for Exclusion, and any written revocation of Requests\n\nfor Exclusion, promptly upon receipt and as expeditiously as possible, and in any event, not more\n\nthan five (5) calendar days after receipt by the Claims Administrator.\n\n 16. Any Settlement Class Member may file a written objection to the proposed\n\nSettlement and show cause why the proposed Settlement of this Action should or should not be\n\napproved as fair, reasonable, and adequate, or why a judgment should or should not be entered\n\n\n\n 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 68 of 119\n\n\n\n\nthereon. Any Settlement Class Member may file a written objection and show cause why the Plan\n\nof Allocation should or should not be approved, or why attorneys\u2019 fees and expenses should or\n\nshould not be awarded to Lead Counsel, provided, however, that no Settlement Class Member or\n\nany other Person shall be heard or entitled to such matters, unless that Person has delivered by\n\nhand or sent by First-Class Mail written objections and copies of any papers and briefs such that\n\nthey are received, not simply postmarked, on or before _____________, 2026 (a date that is\n\ntwenty-one (21) calendar days prior to the Final Approval Hearing), by Bernstein Litowitz Berger\n\n& Grossmann LLP, Katherine M. Sinderson, 1251 Avenue of the Americas, New York, NY 10020\n\nand Willkie Farr & Gallagher LLP, Todd G. Cosenza, 787 Seventh Avenue, New York, NY 10019;\n\nand filed said objections, papers, and briefs with the Clerk of the United States District Court for\n\nthe Eastern District of Pennsylvania, James A. Byrne U.S. Courthouse, 601 Market Street,\n\nPhiladelphia, PA 19106, on or before ______________, 2026 (a date that is twenty-one (21)\n\ncalendar days prior to the Final Approval Hearing). Any Settlement Class Member who does not\n\nmake his, her, or its objection in the manner provided herein and in the Notice shall be deemed to\n\nhave waived such objection and shall forever be foreclosed from making any objection to the\n\nfairness or adequacy of the proposed Settlement as set forth in the Stipulation, to the Plan of\n\nAllocation, or to the award of attorneys\u2019 fees and expenses to Lead Counsel or expenses of Lead\n\nPlaintiffs, unless otherwise ordered by the Court. Attendance at the Final Approval Hearing is not\n\nnecessary. However, Persons wishing to be heard orally in opposition to approval of the\n\nSettlement, the Plan of Allocation, and/or the award of attorneys\u2019 fees and expenses to Lead\n\nCounsel are required to indicate in their written objection their intention to appear at the Final\n\nApproval Hearing. Settlement Class Members do not need to appear at the Final Approval Hearing\n\nor take any action if they do not oppose any aspect of the Settlement.\n\n\n\n 10\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 69 of 119\n\n\n\n\n 17. Any objections, filings, and other submissions by an objecting Settlement Class\n\nMember must: (i) state the name, address, and telephone number of the Person objecting and must\n\nbe signed by the objector, even if the objector is represented by counsel; (ii) contain a statement\n\nof the Settlement Class Member\u2019s objection or objections, and the specific reasons for each\n\nobjection, including any legal and evidentiary support the Settlement Class Member wishes to\n\nbring to the Court\u2019s attention and whether the objection applies only to the objector, a specific\n\nsubset of the Settlement Class, or to the entire Settlement Class; and (iii) include documents\n\nsufficient to prove membership in the Settlement Class, including the objecting Settlement Class\n\nMember\u2019s purchases, acquisitions, and sales of AdaptHealth common stock during the Settlement\n\nClass Period, including the dates, the number of shares purchased, acquired, or sold, and price paid\n\nor received for each such purchase, acquisition, or sale; and (iv) identify all other class action\n\nsettlements in the prior two years in which the objector and his, her, its, or their counsel has\n\npreviously objected. The documentation establishing membership in the Settlement Class must\n\nconsist of copies of brokerage confirmation slips or monthly brokerage account statements, or an\n\nauthorized statement from the objector\u2019s broker containing the transactional and holding\n\ninformation found in a broker confirmation slip or account statement.\n\n 18. Any Settlement Class Member who does not object to the Settlement, the Plan of\n\nAllocation, or Lead Counsel\u2019s application for an award of attorneys\u2019 fees, costs, charges and\n\nexpenses in the manner prescribed herein and in the Notice shall be deemed to have waived such\n\nobjection, and shall forever be foreclosed from making any objection to the fairness, adequacy, or\n\nreasonableness of the proposed Settlement, this Order and the Judgment to be entered approving\n\nthe Settlement, the Plan of Allocation, and/or the application by Lead Counsel for an award of\n\nattorneys\u2019 fees together with costs, charges and expenses.\n\n\n\n 11\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 70 of 119\n\n\n\n\n 19. All funds held by the Escrow Agent shall be deemed and considered to be in\n\ncustodia legis of the Court, and shall remain subject to the jurisdiction of the Court, until such time\n\nas such funds shall be distributed pursuant to the Stipulation and/or further order(s) of the Court.\n\n 20. All opening briefs and supporting documents in support of the Settlement, the Plan\n\nof Allocation, and any application by Lead Counsel for attorneys\u2019 fees and expenses shall be filed\n\nand served by ____________, 2026 (a date that is thirty-five (35) calendar days prior to the Final\n\nApproval Hearing). Replies to any objections shall be filed and served by _____________, 2026\n\n(a date that is seven (7) calendar days prior to the Final Approval Hearing).\n\n 21. Neither Defendants, Defendants\u2019 Counsel, nor the other Released Defendant\n\nParties shall have any responsibility for the Plan of Allocation or any application for attorneys\u2019\n\nfees or expenses submitted by Lead Counsel or expenses of Lead Plaintiffs, and such matters will\n\nbe considered separately from the fairness, reasonableness, and adequacy of the Settlement. Any\n\norder or proceeding relating to the Plan of Allocation or any application for attorneys\u2019 fees or\n\nexpenses, or any appeal from any order relating thereto or reversal or modification thereof, shall\n\nnot operate to terminate or cancel the Stipulation, or affect or delay the finality of the Judgment\n\nand the settlement of this Action.\n\n 22. At or after the Final Approval Hearing, the Court shall determine whether the Plan\n\nof Allocation proposed by Lead Counsel, and any application for attorneys\u2019 fees or payment of\n\nexpenses shall be approved.\n\n 23. All reasonable expenses incurred in identifying and notifying potential Settlement\n\nClass Members, as well as administering the Settlement Fund, shall be paid as set forth in the\n\nStipulation. In the event the Settlement is not approved by the Court, or otherwise fails to become\n\n\n\n\n 12\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 71 of 119\n\n\n\n\neffective, neither Lead Plaintiffs nor any of their counsel shall have any obligation to repay any\n\namounts incurred and properly disbursed pursuant to \u00b6\u00b6 5.5 or 5.11 of the Stipulation.\n\n 24. Neither the Stipulation, nor any of its terms or provisions, nor any of the\n\nnegotiations or proceedings connected with it, shall be construed as an admission or concession\n\nby Defendants as to the validity of any claims or as to the truth of any of the allegations in this\n\nAction, or of any liability, fault, or wrongdoing of any kind.\n\n 25. The Court reserves the right to adjourn the date of the Final Approval Hearing\n\nwithout further notice to Settlement Class Members, and retains jurisdiction to consider all further\n\napplications arising out of or connected with the proposed Settlement. The Court may approve the\n\nSettlement, with such modifications as may be agreed to by the Settling Parties, if appropriate,\n\nwithout further notice to the Settlement Class.\n\n 26. If the Stipulation and the Settlement set forth therein is not approved or\n\nconsummated for any reason whatsoever, this Order shall be rendered null and void, and be of no\n\nfurther force and effect, except as otherwise provided by the Stipulation. This Order, the\n\nStipulation, and the Settlement and all proceedings had in connection therewith shall be without\n\nprejudice to the rights of the Settling Parties status quo ante as of October 23, 2025.\n\n 27. Unless otherwise ordered by the Court, all proceedings in this Action are stayed,\n\nexcept as may be necessary to implement the Settlement or comply with the terms of the\n\nStipulation or other agreement of the Settling Parties. Pending final determination of whether the\n\nproposed Settlement should be approved, neither Lead Plaintiffs nor any Settlement Class\n\nMember, directly or indirectly, representatively, or in any other capacity, shall commence or\n\nprosecute against any of the Released Defendant Parties, any action or proceeding in any court or\n\ntribunal asserting any of the Released Plaintiffs\u2019 Claims.\n\n\n\n 13\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 72 of 119\n\n\n\n\n SO ORDERED this _______ day of ______________, 202__.\n\n\n\n ________________________________________\n THE HONORABLE MARIA R. PEREZ\n UNITED STATES DISTRICT JUDGE\n\n\n\n\n 14\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 73 of 119\n\n\n\n\n Exhibit A-1\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 74 of 119\n\n\n\n Exhibit A-1\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\n In re AdaptHealth Corp. Securities Litigation Case No. 2:23-cv-04104-MRP\n\n\n\n\n NOTICE OF PENDENCY AND\n PROPOSED SETTLEMENT OF CLASS ACTION\n\n A Federal Court authorized this Notice. This is not a solicitation from a lawyer.\n\nNOTICE OF PENDENCY OF CLASS ACTION: Please be advised that your rights may be affected by the\nabove-captioned securities class action (the \u201cAction\u201d) pending in the United States District Court for the\nEastern District of Pennsylvania (the \u201cCourt\u201d), if you purchased or acquired the common stock of\nAdaptHealth Corp. (\u201cAdaptHealth\u201d or the \u201cCompany\u201d) during the period from August 4, 2020 through\nNovember 7, 2023, inclusive (the \u201cSettlement Class Period\u201d).1\nNOTICE OF SETTLEMENT: Please also be advised that the Court-appointed Lead Plaintiffs Allegheny\nCounty Employees\u2019 Retirement System (\u201cACERS\u201d), International Union of Operating Engineers, Local\nNo. 793, Members Pension Benefit Trust of Ontario (\u201cLocal 793\u201d), and City of Tallahassee Pension Plan\n(\u201cTallahassee\u201d) (together, \u201cLead Plaintiffs\u201d), on behalf of themselves and the Settlement Class (as defined\nin \u00b6 21 below), have reached a proposed settlement of the Action for $35,000,000 in cash that, if approved,\nwill resolve all claims in the Action (the \u201cSettlement\u201d).\nPLEASE READ THIS NOTICE CAREFULLY. This Notice explains important rights you may\nhave, including the possible receipt of cash from the Settlement. If you are a member of the\nSettlement Class, your legal rights will be affected whether or not you act.\nThis Notice is not intended to be, and should not be construed as, an expression of any opinion by\nthe Court with respect to the truth of the allegations in the Action as to any of the Defendants or the\nmerits of the claims asserted against or the defenses asserted by the Defendants. This Notice is solely\nto advise you of the pending Action and proposed Settlement of the Action and of your rights in\nconnection therewith.\n\nIf you have any questions about this Notice, the proposed Settlement, or your eligibility to\nparticipate in the Settlement, please DO NOT contact the Court, the Office of the Clerk of the Court,\nAdaptHealth, any other Defendants in the Action, or their counsel. All questions should be directed\nto Lead Counsel or the Claims Administrator (see \u00b6 63 below).\n\n\n1\n All capitalized terms used in this Notice that are not otherwise defined herein shall have the meanings\nascribed to them in the Stipulation and Agreement of Settlement dated December 18, 2025 (the\n\u201cStipulation\u201d), which is available at www.AdaptHealth2025SecuritiesLitigation.com.\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 75 of 119\n\n\n\n 1. Description of the Action and the Settlement Class: This Notice relates to a proposed settlement\nof claims in a pending securities class action brought by investors alleging AdaptHealth, certain of\nAdaptHealth\u2019s senior officers and directors, and the underwriters of AdaptHealth\u2019s January 5, 2021\nSecondary Public Offering of common stock violated federal securities laws by making material\nmisrepresentations and omissions concerning certain aspects of AdaptHealth\u2019s business. A more detailed\ndescription of the Action is set forth in paragraphs 11-20 below. If the Court approves the proposed\nSettlement, the Action will be dismissed and the members of the Settlement Class (defined in paragraph\n21 below) will settle and release all Released Plaintiffs\u2019 Claims (defined in \u00b6 27 below).\n 2. Statement of the Settlement Class\u2019s Recovery: Subject to Court approval, Lead Plaintiffs, on\nbehalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement\npayment of $35,000,000 in cash (the \u201cSettlement Amount\u201d) to be deposited into an escrow account. The\nNet Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the \u201cSettlement\nFund\u201d) less (a) any Taxes and Tax Expenses, (b) any Notice and Administration Costs, (c) any Litigation\nExpenses awarded by the Court, (d) any attorneys\u2019 fees awarded by the Court; and (e) any other costs or\nfees approved by the Court) will be distributed in accordance with a plan of allocation that is approved by\nthe Court, which will determine how the Net Settlement Fund shall be allocated among members of the\nSettlement Class. The proposed plan of allocation (the \u201cPlan of Allocation\u201d) is attached hereto as\nAppendix A.\n 3. Estimate of Average Amount of Recovery Per Share: Based on Lead Plaintiffs\u2019 damages\nexpert\u2019s estimate of the number of shares of AdaptHealth common stock purchased during the Settlement\nClass Period that may have been affected by the misstatements alleged in the Action and assuming that\nall Settlement Class Members elect to participate in the Settlement, the estimated average recovery (before\nthe deduction of any Court-approved fees, expenses and costs as described herein) is $0.27 per eligible\nshare. Settlement Class Members should note, however, that the foregoing average recovery per share is\nonly an estimate. Some Settlement Class Members may recover more or less than this estimated amount\ndepending on, among other factors, when and at what prices they purchased or sold their AdaptHealth\ncommon stock, and the total number and value of valid Claim Forms submitted. Distributions to\nSettlement Class Members will be made based on the Plan of Allocation set forth in Appendix A or such\nother plan of allocation as may be ordered by the Court.\n 4. Average Amount of Damages Per Share: The Settling Parties do not agree on the average\namount of damages per share that would be recoverable if Lead Plaintiffs were to prevail in the Action.\nAmong other things, Defendants do not agree with the assertion that they violated the federal securities\nlaws or that any damages were suffered by any members of the Settlement Class as a result of their\nconduct.\n 5. Attorneys\u2019 Fees and Expenses Sought: Lead Plaintiffs\u2019 Counsel, which have been prosecuting\nthe Action on a wholly contingent basis, have not received any payment of attorneys\u2019 fees for their\nrepresentation of the Settlement Class and have advanced the funds to pay expenses necessarily incurred\nto prosecute this Action. Court-appointed Lead Counsel, Bernstein Litowitz Berger & Grossmann LLP\nwill apply to the Court for an award of attorneys\u2019 fees for all Lead Plaintiffs\u2019 Counsel in an amount not to\nexceed 25% of the Settlement Fund.2 In addition, Lead Counsel will apply for payment of Litigation\n\n2\n \u201cLead Plaintiffs\u2019 Counsel\u201d means \u201cLead Counsel and all other legal counsel who, at the direction and\nunder the supervision of Lead Counsel, performed services on behalf of the Settlement Class in the\nAction.\u201d In this Action, those firms are Lead Counsel Bernstein Litowitz Berger & Grossmann LLP;\nLiaison Counsel Kaskela Law LLC; and additional counsel for Lead Plaintiff Local No. 793, Koskie\nMinsky LLP.\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 2 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 76 of 119\n\n\n\nExpenses incurred in connection with the institution, prosecution, and resolution of the Action, in an\namount not to exceed $350,000, which may include an application for reimbursement of the reasonable\ncosts and expenses incurred by Lead Plaintiffs directly related to their representation of the Settlement\nClass, pursuant to the Private Securities Litigation Reform Act of 1995 (\u201cPSLRA\u201d). Any fees and\nexpenses awarded by the Court will be paid from the Settlement Fund. Settlement Class Members are not\npersonally liable for any such fees or expenses. The estimated average cost per affected share of\nAdaptHealth common stock, if the Court approves Lead Counsel\u2019s fee and expense application, is $0.07\nper share.\n 6. Identification of Attorneys\u2019 Representatives: Lead Plaintiffs and the Settlement Class are\nrepresented by Katherine M. Sinderson of Bernstein Litowitz Berger & Grossmann LLP, 1251 Avenue of\nthe Americas, 44th Floor, New York., NY 10020, (800) 380-8496, settlements@blbglaw.com.\n 7. Reasons for the Settlement: Lead Plaintiffs\u2019 principal reason for entering into the Settlement is\nthe substantial immediate cash benefit for the Settlement Class without the risk or the delays inherent in\nfurther litigation. Moreover, the substantial cash benefit provided under the Settlement must be\nconsidered against the significant risk that a smaller recovery\u2014or indeed no recovery at all\u2014might be\nachieved after further contested motions, a trial of the Action and the likely appeals that would follow a\ntrial. This process could be expected to last several years. For the Defendants, who have denied and\ncontinue to deny all allegations of liability, fault, or wrongdoing whatsoever, the principal reason for\nentering into the Settlement is to eliminate the uncertainty, risk, costs, and burdens inherent in any\nlitigation, especially in complex cases such as this Action. Defendants have concluded that further defense\nof this Action would be protracted and distracting.\n\n YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:\n SUBMIT A CLAIM FORM This is the only way to be eligible to receive a payment from the\n POSTMARKED OR Settlement Fund. If you are a Settlement Class Member and you\n SUBMITTED ONLINE NO remain in the Settlement Class, you will be bound by the\n LATER THAN Settlement as approved by the Court and you will give up any\n ____________, 2026. Released Plaintiffs\u2019 Claims (defined in \u00b6 27 below) that you\n have against Defendants and the other Released Defendant\n Parties (defined in \u00b6 28 below), so it is in your interest to submit\n a Claim Form.\n EXCLUDE YOURSELF If you exclude yourself from the Settlement Class, you will not\n FROM THE SETTLEMENT be eligible to receive any payment from the Settlement Fund.\n CLASS BY SUBMITTING A This is the only option that allows you ever to be part of any\n WRITTEN REQUEST FOR other lawsuit against any of the Defendants or the other\n EXCLUSION SO THAT IT Released Defendant Parties concerning the Released Plaintiffs\u2019\n IS RECEIVED NO LATER Claims.\n THAN ____________, 2026.\n OBJECT TO THE If you do not like the proposed Settlement, the proposed Plan of\n SETTLEMENT BY Allocation, or the request for attorneys\u2019 fees and Litigation\n SUBMITTING A WRITTEN Expenses, you may write to the Court and explain why you do\n OBJECTION SO THAT IT not like them. You cannot object to the Settlement, the Plan of\n IS RECEIVED NO LATER Allocation, or the fee and expense request unless you are a\n THAN ____________, 2026. Settlement Class Member and do not exclude yourself from the\n Settlement Class.\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 3 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 77 of 119\n\n\n\n GO TO A HEARING ON Filing a written objection and notice of intention to appear by\n ____________, 2026 AT ___________, 2026 allows you to speak in Court, at the\n __:00 __.M., AND FILE A discretion of the Court, about the fairness of the proposed\n NOTICE OF INTENTION Settlement, the Plan of Allocation, and/or the request for\n TO APPEAR SO THAT IT attorneys\u2019 fees and Litigation Expenses. If you submit a written\n IS RECEIVED NO LATER objection, you may (but you do not have to) attend the hearing\n THAN ____________, 2026. and, at the discretion of the Court, speak to the Court about your\n objection.\n DO NOTHING. If you are a member of the Settlement Class and you do not\n submit a valid Claim Form, you will not be eligible to receive\n any payment from the Settlement Fund. You will, however,\n remain a member of the Settlement Class, which means that you\n give up your right to sue about the claims that are resolved by\n the Settlement and you will be bound by any judgments or\n orders entered by the Court in the Action.\n\nThese rights and options\u2014and the deadlines to exercise them\u2014are further explained in this Notice.\nPlease Note: the date and time of the Final Approval Hearing \u2014currently scheduled for\n____________, 2026 at __:00 __.m. Eastern Time\u2014is subject to change without further notice to the\nSettlement Class. If you plan to attend the hearing, you should check the Settlement website,\nwww.AdaptHealth2025SecuritiesLitigation.com, or with Lead Counsel as set forth above to confirm\nthat no change to the date and/or time of the hearing has been made.\n\n WHAT THIS NOTICE CONTAINS\n\nWhy Did I Get This Notice? Page 5\nWhat Is This Case About? Page 5\nHow Do I Know If I Am Affected By The Settlement?\n Who Is Included In The Settlement Class? Page 6\nWhat Might Happen If There Were No Settlement? Page 7\nHow Are Settlement Class Members Affected By The Action\n And The Settlement? Page 7\nHow Do I Participate In The Settlement? What Do I Need To Do? Page 10\nHow Much Will My Payment Be? Page 10\nWhat Payment Are The Attorneys For The Settlement Class Seeking?\n How Will The Lawyers Be Paid? Page 11\nWhat If I Do Not Want To Be A Member Of The Settlement Class?\n How Do I Exclude Myself? Page 12\nWhen And Where Will The Court Decide Whether To Approve The Settlement?\n Do I Have To Come To The Hearing? May I Speak At The Hearing If I\n Don\u2019t Like The Settlement? Page 12\nWhat If I Bought Shares On Someone Else\u2019s Behalf? Page 14\nCan I See The Court File? Whom Should I Contact If I Have Questions? Page 15\nAppendix A: Plan of Allocation of the Net Settlement Fund Page 16\n\n\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 4 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 78 of 119\n\n\n\n WHY DID I GET THIS NOTICE?\n\n 8. The Court directed that this Notice be mailed to you because you or someone in your family or an\ninvestment account for which you serve as a custodian may have purchased or acquired AdaptHealth\ncommon stock during the Settlement Class Period. The Court has directed us to send you this Notice\nbecause, as a potential Settlement Class Member, you have a right to know about your options before the\nCourt rules on the proposed Settlement. Additionally, you have the right to understand how this class\naction lawsuit may generally affect your legal rights. If the Court approves the Settlement, and the Plan\nof Allocation (or some other plan of allocation), the Claims Administrator selected by Lead Plaintiffs and\napproved by the Court will make payments pursuant to the Settlement after any objections and appeals\nare resolved.\n 9. The purpose of this Notice is to inform you of the existence of this case, that it is a class action,\nhow you might be affected, and how to exclude yourself from the Settlement Class if you wish to do so.\nIt is also being sent to inform you of the terms of the proposed Settlement, and of a hearing to be held by\nthe Court to consider the fairness, reasonableness, and adequacy of the Settlement, the proposed Plan of\nAllocation, and the motion by Lead Counsel for attorneys\u2019 fees and Litigation Expenses (the \u201cFinal\nApproval Hearing\u201d). See \u00b6\u00b6 52-53 below for details about the Final Approval Hearing, including the date\nand location of the hearing.\n 10. The issuance of this Notice is not an expression of any opinion by the Court concerning the merits\nof any claim in the Action, and the Court still has to decide whether to approve the Settlement. If the\nCourt approves the Settlement and a plan of allocation, then payments to Authorized Claimants will be\nmade after any appeals are resolved and after the completion of all claims processing. Please be patient,\nas this process can take some time to complete.\n\n WHAT IS THIS CASE ABOUT?\n\n 11. AdaptHealth is a home medical equipment supplier providing devices for diabetes, sleep apnea,\nand wound care. AdaptHealth\u2019s common stock trades on NASDAQ under the symbol \u201cAHCO.\u201d In this\nAction, Lead Plaintiffs alleged that from August 4, 2020 through November 7, 2023, inclusive (the\n\u201cSettlement Class Period\u201d), Defendants made false and misleading statements generally regarding\nAdaptHealth\u2019s (i) billing practices; (ii) compliance systems and technology, (iii) ability to integrate its\nacquisitions into AdaptHealth\u2019s existing compliance program and systems, and (iv) revenues and\nEBITDA.\n 12. On October 24, 2023, Lead Plaintiff Allegheny County Employees\u2019 Retirement System\n(\u201cACERS\u201d) filed the initial complaint in this Action, alleging claims under Sections 10(b) and 20(a) of\nthe Securities Exchange Act of 1934 (the \u201cExchange Act\u201d) and Sections 11, 12(a)(2), and 15 of the\nSecurities Act of 1933 (the \u201cSecurities Act\u201d).\n 13. On January 23, 2024, pursuant to the Private Securities Litigation Reform Act of 1995, the Court\nappointed ACERS, Local 793, and Tallahassee as Lead Plaintiffs for the Action and approved their\nselection of Bernstein Litowitz Berger & Grossmann LLP as Lead Counsel.\n 14. Lead Plaintiffs filed their operative Amended Class Action Complaint for Violations of the Federal\nSecurities Laws (the \u201cAmended Complaint\u201d) on May 23, 2024. All Lead Plaintiffs brought claims under\nSections 10(b) and 20(a) of the Exchange Act, and Lead Plaintiffs ACERS and Tallahassee brought claims\nunder Sections 11, 12(a)(2), and 15 of the Securities Act.\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 5 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 79 of 119\n\n\n\n 15. On July 23, 2024, Defendants moved to dismiss the Amended Complaint and for judicial notice\nof certain exhibits attached to their motion to dismiss. On October 1, 2024, Lead Plaintiffs filed their\nopposition to both motions. On November 14, 2024, Defendants filed their reply brief. Defendants\u2019\nmotion to dismiss was pending at the time that the Settling Parties reached their agreement to settle.\n 16. On May 27, 2025, the Settling Parties agreed to mediate and the following day jointly filed a letter\nwith the Court requesting any decision on the pending motion to dismiss be held in abeyance as the Settling\nParties attempted to resolve the Action.\n 17. On October 8, 2025, the Settling Parties participated in a mediation session before a nationally\nrecognized neutral mediator.\n 18. On October 23, 2025, based on follow-up negotiations subsequent to the mediation, the Settling\nParties reached an agreement in principle to settle and release all claims asserted in the Action against\nDefendants and Released Defendant Parties (defined below) in return for a cash payment of $35,000,000,\nsubject to certain terms and conditions and the execution of a customary \u201clong form\u201d stipulation and\nagreement of settlement and related papers.\n 19. On December 18, 2025, the Settling Parties entered into a Stipulation and Agreement of Settlement\n(the \u201cStipulation\u201d), which sets forth the terms and conditions of the Settlement. The Stipulation can be\nviewed at www.AdaptHealth2025SecuritiesLitigation.com.\n 20. On __________, 202__, the Court preliminarily approved the Settlement, authorized this Notice\nto be disseminated to potential Settlement Class Members, and scheduled the Final Approval Hearing to\nconsider whether to grant final approval to the Settlement.\n\n HOW DO I KNOW IF I AM AFFECTED BY THE SETTLEMENT?\n WHO IS INCLUDED IN THE SETTLEMENT CLASS?\n\n 21. If you are a member of the Settlement Class, you are subject to the Settlement, unless you request\nto be excluded and the Court approves that request. The Settlement Class consists of:\n all Persons who purchased or otherwise acquired AdaptHealth common stock during the\n period from August 4, 2020 through November 7, 2023, inclusive.\nExcluded from the Settlement Class are: (a) Defendants; (b) any person who served as an officer or\ndirector of AdaptHealth during the Class Period; (c) the Immediate Family Members of the Individual\nDefendants and the excluded officers and directors; (d) any firm, trust, corporation, or other entity in\nwhich any excluded Person has, or had during the Class Period, a controlling interest; (e) the legal\nrepresentatives, parents, subsidiaries, agents, affiliates, heirs, successors-in-interest, predecessors, or\nassigns of any such excluded Person, in their capacities as such; and (f) any Person who would otherwise\nbe a Settlement Class Member but who requests, and is granted by the Court, exclusion from the\nSettlement Class. See \u201cWhat If I Do Not Want To Be A Member Of The Settlement Class? How Do I\nExclude Myself?,\u201d on page [__] below. Provided, however, that any Investment Vehicle shall not be\nexcluded from the Settlement Class.3 In addition, notwithstanding the foregoing, any AdaptHealth\n\n3\n \u201cInvestment Vehicle\u201d means any investment company, separately managed account, collective\ninvestment trust, or pooled investment fund, including but not limited to mutual fund families, exchange\ntraded funds, fund of funds, hedge funds, and retirement accounts and employee benefit plans in which\nthe Underwriter Defendants, or any of them, have, has or may have a direct or indirect interest, or as to\nwhich their respective affiliates may act as an investment advisor or manager, but in which any\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 6 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 80 of 119\n\n\n\nemployee retirement, savings, or benefit plan shall not be deemed an affiliate of any Defendant, except\nthat any Claim submitted on behalf of any AdaptHealth employee retirement, savings, or benefit plan\nshall be pro-rated to exclude the proportion owned by Defendants and other excluded persons or entities.\nPlease Note: Receipt of this Notice does not mean that you are a Settlement Class Member or that\nyou will be entitled to receive proceeds from the Settlement.\nIf you are a Settlement Class Member and you wish to be eligible to participate in the distribution\nof proceeds from the Settlement, you are required to submit the Claim Form that is being\ndistributed with this Notice and the required supporting documentation as set forth therein\npostmarked (or submitted online) no later than ___________, 2026.\n\n WHAT MIGHT HAPPEN IF THERE WERE NO SETTLEMENT?\n\n 22. If there were no Settlement and Lead Plaintiffs failed to establish any essential legal or factual\nelement of their claims against Defendants, neither Lead Plaintiffs nor the other members of the Settlement\nClass would recover anything from Defendants. Also, if Defendants were successful in proving any of\ntheir defenses, either on the pending motion to dismiss, at summary judgment or trial, or on appeal, the\nSettlement Class could recover less than the amount provided in the Settlement, or nothing at all.\n\n HOW ARE SETTLEMENT CLASS MEMBERS AFFECTED\n BY THE ACTION AND THE SETTLEMENT?\n\n 23. As a Settlement Class Member, you are represented by Lead Plaintiffs and Lead Counsel, unless\nyou enter an appearance through counsel of your own choice at your own expense. You are not required\nto retain your own counsel, but if you choose to do so, such counsel must file a notice of appearance on\nyour behalf and must serve copies of his or her appearance on the attorneys listed in the section entitled,\n\u201cWhen And Where Will The Court Decide Whether To Approve The Settlement?,\u201d on page [__] below.\n 24. If you are a Settlement Class Member and do not wish to remain a Settlement Class Member, you may\nexclude yourself from the Settlement Class by following the instructions in the section entitled, \u201cWhat If I Do\nNot Want To Be A Member Of The Settlement Class? How Do I Exclude Myself?,\u201d on page [__] below.\n 25. If you are a Settlement Class Member and you wish to object to the Settlement, the Plan of\nAllocation, or Lead Counsel\u2019s application for attorneys\u2019 fees and Litigation Expenses, and if you do not\nexclude yourself from the Settlement Class, you may present your objections by following the instructions\nin the section entitled, \u201cWhen And Where Will The Court Decide Whether To Approve The Settlement?,\u201d\non page [__] below.\n 26. If you are a Settlement Class Member and you do not exclude yourself from the Settlement Class,\nyou will be bound by any orders issued by the Court. If the Settlement is approved, the Court will enter\na judgment (the \u201cJudgment\u201d). The Judgment will dismiss with prejudice the claims against Defendants\nand will provide that, upon the Effective Date of the Settlement, Lead Plaintiffs and each of the other\nSettlement Class Members, on behalf of themselves, and their respective legal representatives, parents,\nsubsidiaries, agents, affiliates, heirs, successors-in-interest, predecessors, or assigns, in their capacities as\nsuch, (a) shall be deemed to have, and by operation of law and of judgment shall have, fully, finally, and\nforever compromised, settled, resolved, waived, released, relinquished, discharged, and dismissed each\n\n\nUnderwriter Defendant alone or together with its, his or her respective affiliates is not a majority owner\nor does not hold a majority beneficial interest.\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 7 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 81 of 119\n\n\n\nand every one of the Released Plaintiffs\u2019 Claims (as defined in \u00b6 27 below) against each and every\nDefendant and any and all of the other Released Defendant Parties (as defined in \u00b6 28 below), and (b) shall\nforever be barred and enjoined from commencing, instituting, prosecuting, or continuing to prosecute, or\nasserting, either directly or indirectly, the Released Plaintiffs\u2019 Claims against each and every Defendant\nand any and all of the other Released Defendant Parties.\n 27. \u201cReleased Plaintiffs\u2019 Claims\u201d means any and all claims, causes of action, demands, losses, rights,\nor liabilities of every nature and description whatsoever against a Released Defendant Party, whether\nknown claims or Unknown Claims, whether asserted or unasserted, whether arising under federal, state,\ncommon, or foreign law, whether class or individual in nature, that (a) were asserted, alleged, or set forth\nin the Amended Complaint or any prior complaint filed in the Action, (b) were asserted or alleged in the\nAction, or (c) could have been asserted, alleged, or set forth in the Amended Complaint or the Action or\ncould in the future be asserted or alleged in any other action or in any other forum (including, without\nlimitation, any federal or state court, or in any other court, arbitration proceeding, administrative agency,\nor other forum, in the U.S. or elsewhere) arising out of, based upon, concerning, or relating in any way to\nboth (i) the purchase and/or acquisition of AdaptHealth common stock during the Settlement Class Period,\nand (ii) the facts, allegations, assertions, matters, events, transactions, acts, occurrences, statements,\nrepresentations, misrepresentations, omissions, claims, and/or legal theories that were alleged, set forth,\nreferred to, or involved in this Action, the Amended Complaint, or any prior complaint filed in this Action\n(or that could have been alleged based on the same nucleus of facts, allegations, assertions, matters, events,\ntransactions, acts, occurrences, statements, representations, misrepresentations, omissions, claims, and/or\nlegal theories alleged in the Action). Released Plaintiffs\u2019 Claims do not include any ERISA or shareholder\nderivative claims asserted on behalf of AdaptHealth or any claims relating to the enforcement of this\nStipulation or the Settlement.\n 28. \u201cReleased Defendant Party\u201d or \u201cReleased Defendant Parties\u201d means each and all of the following:\n(a) each and every Defendant; (b) any and all of Defendants\u2019 respective past, present, or future parents,\naffiliates, associates, subsidiaries, divisions, related entities and affiliates, professional corporations,\ngeneral or limited partnerships, limited liability corporations, limited liability companies, joint ventures,\nassociations, joint stock companies, personal or legal representatives, unincorporated associations, any\nother business or legal entities, controlling persons, directors, officers, shareholders, partners, principals,\nImmediate Family Members, heirs, estates, estate managers, trustees, trusts, executors, administrators,\npredecessors, successors, successors in interest, assigns, assignees, members, agents, employees,\nmanagers, representatives, indemnifiers, insurers (including AdaptHealth\u2019s Insurers), co-insurers,\nreinsurers, advisors (including financial or investment advisors), bankers, consultants, attorneys,\naccountants, auditors, underwriters, and entities providing fairness opinions; (c) any entity in which a\nDefendant has or had a controlling interest; and (d) Defendants\u2019 Counsel.\n 29. \u201cUnknown Claims\u201d means (a) any and all Released Plaintiffs\u2019 Claims that any Lead Plaintiff or\nSettlement Class Member does not know or suspect to exist in his, her, their, or its favor at the time of the\nrelease of the Released Defendant Parties, which, if known by him, her, them, or it, might have affected\nhis, her, their, or its release of the Released Defendant Parties or decision(s) with respect to the Settlement,\nand (b) any and all Released Defendants\u2019 Claims that any Defendant does not know or suspect to exist in\nhis, her, their, or its favor at the time of the release of the Released Plaintiff Parties, which, if known by\nhim, her, them, or it, might have affected his, her, their, or its release of the Released Plaintiff Parties.\nWith respect to any and all Released Claims, the Settling Parties stipulate and agree that, upon the\nEffective Date of the Settlement, the Settling Parties shall expressly waive, and each Settlement Class\nMember shall, by operation of the Judgment or the Alternate Judgment, be deemed to have expressly\nwaived, any and all provisions, rights, and benefits conferred by California Civil Code \u00a7 1542 and any\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 8 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 82 of 119\n\n\n\nlaw of any state or territory of the United States, or principle of common law, which is similar, comparable,\nor equivalent to California Civil Code \u00a7 1542, which provides:\n A general release does not extend to claims that the creditor or releasing party does not\n know or suspect to exist in his or her favor at the time of executing the release and that, if\n known by him or her, would have materially affected his or her settlement with the debtor\n or released party.\nThe Settling Parties acknowledge that they may hereafter discover facts, legal theories or authorities in\naddition to or different from those which they or their respective counsel now know or believe to be true\nwith respect to the subject matter of the Released Plaintiffs\u2019 Claims or Released Defendants\u2019 Claims that,\nhad they known, may have affected their decision to enter into this Stipulation, but they are\nnotwithstanding this potential entering into this Stipulation and intend it to be a full, final, and permanent\nresolution of the matters at issue in the Action. The Settling Parties acknowledge, and each Settlement\nClass Member shall, by operation of law, be deemed to have acknowledged, that the foregoing waiver and\nthe inclusion of the \u201cUnknown Claims\u201d in the definition of the Released Plaintiffs\u2019 Claims and Released\nDefendants\u2019 Claims was separately bargained for and was a material element of the Settlement.\n 30. The Judgment will also provide that, upon the Effective Date of the Settlement, Defendants, on\nbehalf of themselves, and their legal representatives, parents, subsidiaries, agents, affiliates, heirs,\nsuccessors-in-interest, predecessors, or assigns, in their capacities as such, (a) shall be deemed to have,\nand by operation of law and of judgment shall have, fully, finally, and forever compromised, settled,\nresolved, waived, released, relinquished, discharged, and dismissed each and every one of the Released\nDefendants\u2019 Claims against Lead Plaintiffs, Lead Plaintiffs\u2019 Counsel, each and every Settlement Class\nMember, and any and all of the other Released Plaintiff Parties; and (b) shall forever be barred and\nenjoined from commencing, instituting, prosecuting, or continuing to prosecute, or asserting, either\ndirectly or indirectly, the Released Defendants\u2019 Claims against Lead Plaintiffs, each and every Settlement\nClass Member, and any and all of the other Released Plaintiff Parties.\n 31. \u201cReleased Defendants\u2019 Claims\u201d means any and all claims, rights, causes of action, or liabilities of\nevery nature and description whatsoever, whether known claims or Unknown Claims, whether asserted or\nunasserted, whether arising under federal, state, common, or foreign law, against a Released Plaintiff Party\nthat are based upon, arise out of, concern, or relate in any way to the institution, prosecution, or settlement\nof the Action against Defendants. Released Defendants\u2019 Claims do not include, settle, or release any\nclaims relating to the enforcement of this Stipulation or the Settlement.\n 32. \u201cReleased Plaintiff Party\u201d or \u201cReleased Plaintiff Parties\u201d means each and all of the following:\n(a) Lead Plaintiffs; (b) Lead Plaintiffs\u2019 Counsel; (c) each and every Settlement Class Member; and (d) any\nand all of Lead Plaintiffs\u2019 and each Settlement Class Member\u2019s respective past, present, or future\nrespective parents, affiliates, associates, subsidiaries, divisions, related entities and affiliates, professional\ncorporations, general or limited partnerships, limited liability corporations, limited liability companies,\njoint ventures, associations, joint stock companies, personal or legal representatives, unincorporated\nassociations, any other business or legal entities, controlling persons, directors, officers, shareholders,\npartners, principals, Immediate Family Members, heirs, estates, estate managers, trustees, trusts,\nexecutors, administrators, predecessors, successors, successors in interest, assigns, assignees, members,\nagents, employees, managers, representatives, indemnifiers, insurers, co-insurers, reinsurers, advisors\n(including financial or investment advisors), bankers, consultants, attorneys, accountants, auditors,\nunderwriters, and entities providing fairness opinions. A Released Plaintiff Party does not include any\nPerson who would otherwise be a Settlement Class Member but who requests, and is granted by the Court,\nexclusion from the Settlement Class.\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 9 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 83 of 119\n\n\n\n HOW DO I PARTICIPATE IN THE SETTLEMENT? WHAT DO I NEED TO DO?\n\n 33. To be eligible for a payment from the Settlement, you must be a member of the Settlement Class\nand you must timely complete and return the Claim Form with adequate supporting documentation\npostmarked (if mailed), or submitted online at www.AdaptHealth2025SecuritiesLitigation.com no\nlater than ___________, 2026. A Claim Form is included with this Notice, or you may obtain one from\nthe website maintained by the Claims Administrator for the Settlement,\nwww.AdaptHealth2025SecuritiesLitigation.com. You may also request that a Claim Form be mailed to\nyou by calling the Claims Administrator toll-free at 1-___-___-____ or by emailing the Claims\nAdministrator at info@AdaptHealth2025SecuritiesLitigation.com. Please retain all records of your\nownership of and transactions in AdaptHealth common stock, as they will be needed to document\nyour Claim. The Settling Parties and Claims Administrator do not have information about your\ntransactions in AdaptHealth common stock.\n 34. If you request exclusion from the Settlement Class or do not submit a timely and valid Claim Form,\nyou will not be eligible to share in the Net Settlement Fund.\n\n HOW MUCH WILL MY PAYMENT BE?\n\n 35. At this time, it is not possible to make any determination as to how much any individual Settlement\nClass Member may receive from the Settlement.\n 36. Pursuant to the Settlement, AdaptHealth shall pay or cause to be paid $35,000,000 in cash (the\n\u201cSettlement Amount\u201d) to be paid into an escrow account as set forth in the Stipulation. The Settlement\nAmount plus any interest earned thereon is referred to as the \u201cSettlement Fund.\u201d If the Settlement is\napproved by the Court and the Effective Date occurs, the \u201cNet Settlement Fund\u201d (that is, the Settlement\nFund less (a) all federal, state and/or local taxes on any income earned by the Settlement Fund and the\nreasonable costs incurred in connection with determining the amount of and paying taxes owed by the\nSettlement Fund (including reasonable expenses of tax attorneys and accountants); (b) the costs and\nexpenses incurred in connection with providing notice to Settlement Class Members and administering\nthe Settlement on behalf of Settlement Class Members; (c) any attorneys\u2019 fees and Litigation Expenses\nawarded by the Court; and (d) any other costs or fees approved by the Court) will be distributed to\nSettlement Class Members who submit valid Claim Forms, in accordance with the proposed Plan of\nAllocation or such other plan of allocation as the Court may approve.\n 37. The Net Settlement Fund will not be distributed unless and until the Court has approved the\nSettlement and a plan of allocation, and the time for any petition for rehearing, appeal or review, whether\nby certiorari or otherwise, has expired.\n 38. Neither Defendants nor any other person or entity that paid any portion of the Settlement Amount\non their behalf are entitled to get back any portion of the Settlement Fund once the Court\u2019s order or\njudgment approving the Settlement becomes Final. Defendants shall not have any liability, obligation, or\nresponsibility for the administration of the Settlement, the disbursement of the Net Settlement Fund, or\nthe plan of allocation.\n 39. Approval of the Settlement is independent from approval of a plan of allocation. Any\ndetermination with respect to a plan of allocation will not affect the Settlement, if approved.\n 40. Unless the Court otherwise orders, any Settlement Class Member who fails to submit a Claim Form\npostmarked (or submitted online) on or before _________, 2026 shall be fully and forever barred from\nreceiving payments pursuant to the Settlement but will in all other respects remain a Settlement Class\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 10 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 84 of 119\n\n\n\nMember and be subject to the provisions of the Stipulation, including the terms of any Judgment entered\nand the releases given. This means that each Settlement Class Member releases the Released Plaintiffs\u2019\nClaims (as defined in \u00b6 27 above) against the Released Defendant Parties (as defined in \u00b6 28 above) and\nwill be enjoined and prohibited from filing, prosecuting, or pursuing any of the Released Plaintiffs\u2019 Claims\nagainst any of the Released Defendant Parties whether or not such Settlement Class Member submits a\nClaim Form.\n 41. Participants in and beneficiaries of any employee retirement and/or benefit plan covered by ERISA\n(\u201cERISA Plan\u201d) should NOT include any information relating to shares of AdaptHealth common stock\npurchased through the ERISA Plan in any Claim Form they submit in this Action. They should include\nONLY shares of AdaptHealth common stock purchased during the Settlement Class Period outside of an\nERISA Plan. Claims based on any ERISA Plan\u2019s purchases of AdaptHealth common stock during the\nSettlement Class Period may be made by the plan\u2019s trustees.\n 42. The Court has reserved jurisdiction to allow, disallow, or adjust on equitable grounds the Claim of\nany Settlement Class Member.\n 43. Each Claimant shall be deemed to have submitted to the jurisdiction of the Court with respect to\nhis, her or its Claim Form.\n 44. Only Settlement Class Members or persons authorized to submit a claim on their behalf will be\neligible to share in the distribution of the Net Settlement Fund. Persons and entities that are excluded\nfrom the Settlement Class by definition or that exclude themselves from the Settlement Class pursuant to\nrequest will not be eligible to receive a distribution from the Net Settlement Fund and should not submit\nClaim Forms. The only security that is included in the Settlement is AdaptHealth common stock.\n 45. Appendix A to this Notice sets forth the Plan of Allocation for allocating the Net Settlement\nFund among Authorized Claimants, as proposed by Lead Plaintiffs. At the Final Approval Hearing,\nLead Plaintiffs will request that the Court approve the Plan of Allocation. The Court may modify\nthe Plan of Allocation, or approve a different plan of allocation, without further notice to the\nSettlement Class.\n\n WHAT PAYMENT ARE THE ATTORNEYS FOR THE SETTLEMENT CLASS SEEKING?\n HOW WILL THE LAWYERS BE PAID?\n\n 46. Lead Plaintiffs\u2019 Counsel have not received any payment for their services in pursuing claims\nagainst the Defendants on behalf of the Settlement Class, nor have Lead Plaintiffs\u2019 Counsel been\nreimbursed for their out-of-pocket expenses. Before final approval of the Settlement, Lead Counsel will\napply to the Court for an award of attorneys\u2019 fees for all Lead Plaintiffs\u2019 Counsel in an amount not to\nexceed 25% of the Settlement Fund. At the same time, Lead Counsel also intend to apply for payment of\nLitigation Expenses in an amount not to exceed $350,000, which may include an application for\nreimbursement of the reasonable costs and expenses incurred by Lead Plaintiffs directly related to their\nrepresentation of the Settlement Class, pursuant to the PSLRA. The Court will determine the amount of\nany award of attorneys\u2019 fees or Litigation Expenses. Such sums as may be approved by the Court will be\npaid from the Settlement Fund. Settlement Class Members are not personally liable for any such fees or\nexpenses.\n\n\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 11 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 85 of 119\n\n\n\n WHAT IF I DO NOT WANT TO BE A MEMBER OF THE SETTLEMENT CLASS?\n HOW DO I EXCLUDE MYSELF?\n\n 47. Each Settlement Class Member will be bound by all determinations and judgments in this lawsuit,\nwhether favorable or unfavorable, unless such person or entity mails or delivers a written Request for\nExclusion from the Settlement Class, addressed to In re AdaptHealth Corp. Securities Litigation,\nEXCLUSIONS, c/o Kroll Settlement Administration, P.O. Box 5090, New York, NY 10150-5090. The\nRequest for Exclusion must be received no later than _________, 2026. You will not be able to exclude\nyourself from the Settlement Class after that date. Each Request for Exclusion must (i) state the name,\naddress, and telephone number of the person or entity requesting exclusion, and in the case of entities, the\nname and telephone number of the appropriate contact person; (ii) state that such person or entity \u201crequests\nexclusion from the Settlement Class in In re AdaptHealth Corp. Securities Litigation, Case No. 2:23-cv-\n04104-MRP; (iii) state the number of shares of AdaptHealth common stock that the person or entity\nrequesting exclusion (A) owned as of the opening of trading on August 4, 2020 and\n(B) purchased/acquired and/or sold from August 4, 2020 through November 7, 2023, inclusive, as well as\nthe date, number of shares, and prices of each such purchase/acquisition and sale; and (iv) be signed by\nthe person or entity requesting exclusion or an authorized representative. A Request for Exclusion shall\nnot be effective unless it provides all the information called for in this paragraph and is received within\nthe time stated above, or is otherwise accepted by the Court.\n 48. If you do not want to be part of the Settlement Class, you must follow these instructions for\nexclusion even if you have pending, or later file, another lawsuit, arbitration, or other proceeding relating\nto any Released Plaintiffs\u2019 Claim against any of the Released Defendant Parties.\n 49. If you ask to be excluded from the Settlement Class, you will not be eligible to receive any payment\nout of the Net Settlement Fund.\n 50. AdaptHealth has the right to terminate the Settlement if valid requests for exclusion are received\nfrom persons and entities entitled to be members of the Settlement Class in an amount that exceeds an\namount agreed to by Lead Plaintiffs and AdaptHealth.\n\n WHEN AND WHERE WILL THE COURT DECIDE WHETHER TO APPROVE THE\n SETTLEMENT? DO I HAVE TO COME TO THE HEARING?\n MAY I SPEAK AT THE HEARING IF I DON\u2019T LIKE THE SETTLEMENT?\n\n 51. Settlement Class Members do not need to attend the Final Approval Hearing. The Court\nwill consider any submission made in accordance with the provisions below even if a Settlement\nClass Member does not attend the hearing. You can participate in the Settlement without attending\nthe Final Approval Hearing.\n 52. Please Note: The date and time of the Final Approval Hearing may change without further written\nnotice to the Settlement Class. The Court may decide to allow Settlement Class Members to appear at the\nhearing by phone, without further written notice to the Settlement Class. In order to determine whether\nthe date and time of the Final Approval Hearing have changed, or whether Settlement Class\nMembers may participate by phone or video, it is important that you monitor the Court\u2019s docket\nand the Settlement website, www.AdaptHealth2025SecuritiesLitigation.com, before making any\nplans to attend the Final Approval Hearing. Any updates regarding the Final Approval Hearing,\nincluding any changes to the date or time of the hearing or updates regarding in-person or remote\nappearances at the hearing, will be posted to the Settlement website,\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 12 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 86 of 119\n\n\n\nwww.AdaptHealth2025SecuritiesLitigation.com. If the Court allows Settlement Class Members to\nparticipate in the Final Approval Hearing by telephone or video conference, the information for\naccessing the telephone or video conference will be posted to the Settlement website,\nwww.AdaptHealth2025SecuritiesLitigation.com.\n 53. The Final Approval Hearing will be held on ________, 2026 at __:00 __.m., before the Honorable\nMaria R. Perez of the United States District Court for the Eastern District of Pennsylvania, in Courtroom\n10-B of the James A. Byrne U.S. Courthouse, 601 Market Street, Philadelphia, PA 19106, or by telephone\nor videoconference in the discretion of the Court. At the Final Approval Hearing, the Court will consider:\n(a) whether the proposed Settlement is fair, reasonable, and adequate to the Settlement Class, and should\nbe finally approved; (b) whether a Judgment substantially in the form attached as Exhibit B to the\nStipulation should be entered dismissing the Action with prejudice against Defendants; (c) whether the\nSettlement Class should be certified for purposes of the Settlement; (d) whether the proposed Plan of\nAllocation for the proceeds of the Settlement is fair and reasonable and should be approved; (e) whether\nthe motion by Lead Counsel for attorneys\u2019 fees and Litigation Expenses should be approved; and (f) other\nmatters that may properly be brought before the Court in connection with the Settlement. The Court\nreserves the right to approve the Settlement, the Plan of Allocation, Lead Counsel\u2019s motion for an award\nof attorneys\u2019 fees and Litigation Expenses, and/or any other matter related to the Settlement at or after the\nFinal Approval Hearing without further notice to the members of the Settlement Class.\n 54. Any Settlement Class Member that does not request exclusion may object to the Settlement, the\nproposed Plan of Allocation, or Lead Counsel\u2019s motion for attorneys\u2019 fees and Litigation Expenses.\nObjections must be in writing. You must file any written objection, together with copies of all other\npapers and briefs supporting the objection, electronically with the Court or by letter mailed to the Clerk\u2019s\nOffice at the United States District Court for the Eastern District of Pennsylvania, at the address set forth\nbelow on or before ________, 2026. You must also serve the papers on Lead Counsel and on\nAdaptHealth\u2019s Counsel at the addresses set forth below so that the papers are received on or before\n_________, 2026.\n Clerk\u2019s Office Lead Counsel AdaptHealth\u2019s Counsel\n\n United States District Court Bernstein Litowitz Berger Willkie Farr & Gallagher\n Eastern District of Pennsylvania & Grossmann LLP LLP\n Clerk of the Court Katherine M. Sinderson Todd G. Cosenza\n James A. Byrne U.S. Courthouse 1251 Avenue of the Americas, 787 Seventh Avenue\n 601 Market Street 44th Floor New York, NY 10019\n Philadelphia, PA 19106 New York, NY 10020\n\n\n 55. Any objection must (a) state the name, address, and telephone number of the Person objecting and\nmust be signed by the objector, even if the objector is represented by counsel; (b) contain a statement of\nthe Settlement Class Member\u2019s objection or objections, and the specific reasons for each objection,\nincluding any legal and evidentiary support the Settlement Class Member wishes to bring to the Court\u2019s\nattention and whether the objection applies only to the objector, a specific subset of the Settlement Class,\nor to the entire Settlement Class; (c) include documents sufficient to prove membership in the Settlement\nClass, including the objecting Settlement Class Member\u2019s purchases, acquisitions, and sales of\nAdaptHealth common stock during the Settlement Class Period, including the dates, the number of shares\npurchased, acquired, or sold, and price paid or received for each such purchase, acquisition, or sale; and\n(d) identify all other class action settlements in the prior two years in which the objector and his, her, its,\nor their counsel has previously objected. The documentation establishing membership in the Settlement\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 13 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 87 of 119\n\n\n\nClass must consist of copies of brokerage confirmation slips or monthly brokerage account statements, or\nan authorized statement from the objector\u2019s broker containing the transactional and holding information\nfound in a broker confirmation slip or account statement.\n 56. You may not object to the Settlement, the Plan of Allocation, or Lead Counsel\u2019s motion for\nattorneys\u2019 fees and Litigation Expenses if you exclude yourself from the Settlement Class or if you are\nnot a member of the Settlement Class.\n 57. You may file a written objection without having to appear at the Final Approval Hearing. You\nmay not, however, appear at the Final Approval Hearing to present your objection unless you first file and\nserve a written objection in accordance with the procedures described above, unless the Court orders\notherwise.\n 58. If you wish to be heard orally at the hearing in opposition to the approval of the Settlement, the\nPlan of Allocation, or Lead Counsel\u2019s motion for an award of attorneys\u2019 fees and Litigation Expenses,\nand if you timely file and serve a written objection as described above, you must also file a notice of\nappearance with the Clerk\u2019s Office so that it is received on or before _______, 2026. Such persons may\nbe heard orally at the discretion of the Court. Objectors who enter an appearance and desire to present\nevidence at the Final Approval Hearing in support of their objection must include in their written objection\nor notice of appearance the identity of any witnesses they may call to testify and any exhibits they intend\nto introduce into evidence at the hearing.\n 59. You are not required to hire an attorney to represent you in making written objections or in\nappearing at the Final Approval Hearing. However, if you decide to hire an attorney, it will be at your\nown expense, and that attorney must file a notice of appearance with the Court so that the notice is received\non or before _________, 2026.\n 60. The Final Approval Hearing may be adjourned by the Court without further written notice to the\nSettlement Class, other than a posting of the adjournment on the case website,\nwww.AdaptHealth2025SecuritiesLitigation.com. If you plan to attend the Final Approval Hearing, you\nshould confirm the date and time with Lead Counsel.\n 61. Unless the Court orders otherwise, any Settlement Class Member who does not object in the\nmanner described above will be deemed to have waived any objection and shall be forever foreclosed\nfrom making any objection to the proposed Settlement, the proposed Plan of Allocation or Lead\nCounsel\u2019s motion for attorneys\u2019 fees and Litigation Expenses. Settlement Class Members do not\nneed to appear at the Final Approval Hearing or take any other action to indicate their approval.\n\n WHAT IF I BOUGHT SHARES ON SOMEONE ELSE\u2019S BEHALF?\n\n 62. If you purchased AdaptHealth common stock from August 4, 2020 through November 7, 2023,\ninclusive, for the beneficial interest of persons or organizations other than yourself, you must either\n(a) within ten (10) calendar days of receipt of this Notice, request from the Claims Administrator sufficient\ncopies of the Notice and Claim Form (the \u201cNotice Packet\u201d) to forward to all such beneficial owners and\nwithin ten (10) calendar days of receipt of those Notice Packets forward them to all such beneficial owners;\nor (b) within ten (10) calendar days of receipt of this Notice, provide a list of the names and addresses of all\nsuch beneficial owners to In re AdaptHealth Corp. Securities Litigation, c/o Kroll Settlement\nAdministration, P.O. Box 5090, New York, New York 10150-5090. If you choose the second option, the\nClaims Administrator will send a copy of the Notice and the Claim Form to the beneficial owners. Upon\nfull compliance with these directions, such nominees may seek payment of their reasonable expenses\nactually incurred, by providing the Claims Administrator with proper documentation supporting the\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 14 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 88 of 119\n\n\n\nexpenses for which reimbursement is sought. Reasonable expenses shall not exceed $0.05 plus postage at\nthe pre-sort rate used by the Claims Administrator per Notice Packet mailed; $0.05 per Notice Packet\nemailed; or $0.05 per mailing record provided to the Claims Administrator. Copies of this Notice and the\nClaim Form may also be obtained from the website maintained by the Claims Administrator,\nwww.AdaptHealth2025SecuritiesLitigation.com, or by calling the Claims Administrator toll-free at 1-___-\n___-____.\n\n CAN I SEE THE COURT FILE? WHOM SHOULD I CONTACT IF I HAVE QUESTIONS?\n\n 63. This Notice contains only a summary of the terms of the proposed Settlement. For more detailed\ninformation about the matters involved in this Action, you are referred to the papers on file in the Action,\nincluding the Stipulation, which may be reviewed by accessing the Court docket in this case through the\nCourt\u2019s Public Access to Court Electronic Records (PACER) system at https://ecf.paed.uscourts.gov, or\nby visiting the office of the Clerk of the Court for the United States District Court for the Eastern District\nof Pennsylvania, James A. Byrne U.S. Courthouse, 601 Market Street, Philadelphia, PA 19106.\nAdditionally, copies of the Stipulation and any related orders entered by the Court will be posted on the\nwebsite maintained by the Claims Administrator, www.AdaptHealth2025SecuritiesLitigation.com.\n All inquiries concerning this Notice and the Claim Form should be directed to:\n In re AdaptHealth Corp. Securities Litigation\n c/o Kroll Settlement Administration\n P.O. Box 5090\n New York, NY 10150-5090\n\n 1-833-754-8921\n www.AdaptHealth2025SecuritiesLitigation.com\n\n or\n\n Katherine M. Sinderson\n BERNSTEIN LITOWITZ BERGER\n & GROSSMANN LLP\n 1251 Avenue of the Americas, 44th Floor\n New York, NY 10020\n 800-380-8496\n settlements@blbglaw.com\n\n DO NOT CALL OR WRITE THE COURT, THE OFFICE OF THE CLERK OF\n THE COURT, DEFENDANTS OR THEIR COUNSEL REGARDING THIS\n NOTICE.\n\nDated: ___________, 2025 By Order of the Court\n United States District Court\n Eastern District of Pennsylvania\n\n\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 15 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 89 of 119\n\n\n\n Appendix A\n\n PLAN OF ALLOCATION OF THE NET SETTLEMENT FUND\n\n 64. As discussed above, the Settlement provides $35,000,000 in cash for the benefit of the Settlement\nClass. The Settlement Amount and any interest it earns constitute the \u201cSettlement Fund.\u201d The Settlement\nFund, after deduction of Court-approved attorneys\u2019 fees and Litigation Expenses, Notice and\nAdministration Costs, Taxes, and any other fees or expenses approved by the Court, is the \u201cNet Settlement\nFund.\u201d If the Settlement is approved by the Court, the Net Settlement Fund will be distributed to eligible\nAuthorized Claimants, i.e., members of the Settlement Class who timely submit valid Claim Forms that\nare accepted for payment by the Court, in accordance with a plan of allocation to be adopted by the Court.\nSettlement Class Members who do not timely submit valid Claim Forms will not share in the Net\nSettlement Fund, but will otherwise be bound by the Settlement.\n 65. The Plan of Allocation (the \u201cPlan\u201d) set forth herein is the plan that is being proposed to the Court\nfor approval by Lead Plaintiffs after consultation with their damages expert. The Court may approve the\nPlan with or without modification, or approve another plan of allocation, without further notice to the\nSettlement Class. Any Orders regarding a modification to the Plan will be posted to\nwww.AdaptHealth2025SecuritiesLitigation.com. Defendants have had, and will have, no involvement or\nresponsibility for the terms or application of the Plan.\n 66. The objective of the Plan of Allocation is to equitably distribute the Net Settlement Fund among\nAuthorized Claimants who suffered economic losses as a proximate result of the alleged wrongdoing. The\ncalculations made pursuant to the Plan of Allocation are not intended to be estimates of, nor indicative of,\nthe amounts that Settlement Class Members might have been able to recover after a trial. Nor are the\ncalculations pursuant to the Plan of Allocation intended to be estimates of the amounts that will be paid\nto Authorized Claimants pursuant to the Settlement. The computations under the Plan of Allocation are\nonly a method to weigh the claims of Authorized Claimants against one another for the purposes of making\npro rata allocations of the Net Settlement Fund.\n 67. The Plan of Allocation was created with the assistance of Lead Plaintiffs\u2019 damages expert and\nreflects the assumption that Defendants\u2019 alleged false and misleading statements and material omissions\nproximately caused the price of AdaptHealth common stock to be artificially inflated throughout the\nSettlement Class Period. In calculating the estimated artificial inflation allegedly caused by Defendants\u2019\nalleged misrepresentations and omissions, Lead Plaintiffs\u2019 damages expert considered price changes in\nAdaptHealth common stock in reaction to certain public announcements allegedly revealing the truth\nconcerning Defendants\u2019 alleged misrepresentations and material omissions, adjusting for price changes\non those days that were attributable to market or industry forces.\n 68. In order to have recoverable damages, the disclosure of the allegedly misrepresented information\nmust be the cause of the decline in the price of AdaptHealth common stock. In this case, Lead Plaintiffs\nallege that Defendants made false statements and omitted material facts during the period from August 4,\n2020 through November 6, 2023, inclusive, which had the effect of artificially inflating the price of\nAdaptHealth common stock. Lead Plaintiffs further allege that corrective information was released to the\nmarket on March 1, 2022, February 27, 2023, May 9, 2023, and November 7, 2023, which removed the\nartificial inflation from the price of AdaptHealth common stock on March 2, 2022, February 28, 2023,\nMarch 1, 2023, May 9, 2023, November 7, 2023, and November 8, 2023.\n 69. Recognized Loss Amounts are based primarily on the difference in the amount of alleged artificial\ninflation in the prices of AdaptHealth common stock at the time of purchase or acquisition and at the time\nof sale, or the difference between the actual purchase price and sale price. Accordingly, in order to have\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 16 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 90 of 119\n\n\n\na Recognized Loss Amount under the Plan of Allocation, a Settlement Class Member that purchased or\notherwise acquired AdaptHealth common stock during the Settlement Class Period must have held those\nshares through at least one of the dates where new corrective information was released to the market and\npartially removed the artificial inflation from the price of AdaptHealth common stock.\n CALCULATION OF RECOGNIZED LOSS AMOUNT\n\n 70. Based on the formula stated below, a \u201cRecognized Loss Amount\u201d will be calculated for each\npurchase or acquisition of AdaptHealth common stock during the Settlement Class Period that is listed on\nthe Claim Form and for which adequate documentation is provided. If a Recognized Loss Amount\ncalculates to a negative number or zero under the formula below, that Recognized Loss Amount will be\nzero.4\n 71. For each share of AdaptHealth common stock purchased or otherwise acquired from August 4,\n2020 through November 6, 2023, and:\n A. Sold prior to the close of trading on March 1, 2022, the Recognized Loss Amount will be\n $0.00.\n\n B. Sold from March 2, 2022 through November 6, 2023, the Recognized Loss Amount will\n be the lesser of: (i) the amount of artificial inflation per share on the date of\n purchase/acquisition as stated in Table A below minus the amount of artificial inflation per\n share on the date of sale as stated in Table A below; or (ii) the purchase/acquisition price\n minus the sale price.\n\n C. Sold on November 7, 2023, the Recognized Loss Amount will be the least of: (i) the\n amount of artificial inflation per share on the date of purchase/acquisition as stated in Table\n A below minus the amount of artificial inflation per share on the date of sale as stated in\n Table A below; (ii) the purchase/acquisition price minus $7.69; or (iii) the\n purchase/acquisition price minus the sale price.\n\n D. Sold from November 8, 2023 through the close of trading on February 2, 2024, the\n Recognized Loss Amount will be the least of: (i) the amount of artificial inflation per share\n on the date of purchase/acquisition as stated in Table A below; (ii) the purchase/acquisition\n price minus the average closing price from November 7, 2023 through the date of sale as\n stated in Table B below; or (iii) the purchase/acquisition price minus the sale price.\n\n E. Held as of the close of trading on February 2, 2024, the Recognized Loss Amount will be\n the lesser of: (i) the amount of artificial inflation per share on the date of\n purchase/acquisition as stated in Table A below, or (ii) the purchase/acquisition price minus\n $7.63.5\n\n\n4\n Any transactions in AdaptHealth common stock executed outside of regular trading hours for the U.S.\nfinancial markets shall be deemed to have occurred during the next regular trading session.\n5\n Pursuant to Section 21D(e)(1) of the Exchange Act, \u201cin any private action arising under this title in which\nthe plaintiff seeks to establish damages by reference to the market price of a security, the award of damages\nto the plaintiff shall not exceed the difference between the purchase or sale price paid or received, as\nappropriate, by the plaintiff for the subject security and the mean trading price of that security during the\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 17 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 91 of 119\n\n\n\n 72. For each share of AdaptHealth common stock purchased or otherwise acquired on November 7,\n2023, the Recognized Loss Amount will be $0.00.\n\n ADDITIONAL PROVISIONS\n\n 73. Calculation of Claimant\u2019s \u201cRecognized Claim\u201d: A Claimant\u2019s \u201cRecognized Claim\u201d will be the\nsum of his, her, or its Recognized Loss Amounts as calculated under \u00b6 71 above.\n 74. FIFO Matching: If a Claimant made more than one purchase/acquisition or sale of AdaptHealth\ncommon stock during the Settlement Class Period, all purchases/acquisitions and sales will be matched on\na First In, First Out (\u201cFIFO\u201d) basis. Settlement Class Period sales will be matched first against any\nholdings at the beginning of the Settlement Class Period and then against purchases/acquisitions in\nchronological order, beginning with the earliest purchase/acquisition made during the Settlement Class\nPeriod.\n 75. Purchase/Sale Prices: For the purposes of calculations in \u00b6 71 above, \u201cpurchase/acquisition\nprice\u201d means the actual price paid, excluding any fees, commissions, and taxes, and \u201csale price\u201d means\nthe actual amount received, not deducting any fees, commissions, and taxes.\n 76. \u201cPurchase/Acquisition/Sale\u201d Dates: Purchases or acquisitions and sales of AdaptHealth\ncommon stock will be deemed to have occurred on the \u201ccontract\u201d or \u201ctrade\u201d date as opposed to the\n\u201csettlement\u201d or \u201cpayment\u201d date. The receipt or grant by gift, inheritance, or operation of law of\nAdaptHealth common stock during the Settlement Class Period will not be deemed a purchase,\nacquisition, or sale of AdaptHealth common stock for the calculation of a Claimant\u2019s Recognized Loss\nAmount, nor will the receipt or grant be deemed an assignment of any claim relating to the\npurchase/acquisition/sale of AdaptHealth common stock unless (i) the donor or decedent purchased or\notherwise acquired or sold such AdaptHealth common stock during the Settlement Class Period; (ii) the\ninstrument of gift or assignment specifically provides that it is intended to transfer such rights; and (iii) no\nClaim was submitted by or on behalf of the donor, on behalf of the decedent, or by anyone else with\nrespect to shares of such shares of AdaptHealth common stock.\n 77. Short Sales: The date of covering a \u201cshort sale\u201d is deemed to be the date of purchase or\nacquisition of the AdaptHealth common stock. The date of a \u201cshort sale\u201d is deemed to be the date of sale\nof the AdaptHealth common stock. In accordance with the Plan of Allocation, however, the Recognized\nLoss Amount on \u201cshort sales\u201d and the purchases covering \u201cshort sales\u201d is zero.\n 78. In the event that a Claimant has an opening short position in AdaptHealth common stock, the\nearliest purchases or acquisitions of AdaptHealth common stock during the Settlement Class Period will\nbe matched against such opening short position, and not be entitled to a recovery, until that short position\nis fully covered.\n 79. Common Stock Purchased/Sold Through the Exercise of Options: Option contracts are not\nsecurities eligible to participate in the Settlement. With respect to AdaptHealth common stock purchased\n\n\n\n90-day period beginning on the date on which the information correcting the misstatement or omission\nthat is the basis for the action is disseminated to the market.\u201d Consistent with the requirements of the\nExchange Act, Recognized Loss Amounts are reduced to an appropriate extent by taking into account the\nclosing prices of AdaptHealth common stock during the \u201c90-day look-back period,\u201d from November 7,\n2023 through February 2, 2024. The mean (average) closing price for AdaptHealth common stock during\nthis period was $7.63.\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 18 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 92 of 119\n\n\n\nor sold through the exercise of an option, the purchase/sale date of the common stock is the exercise date\nof the option and the purchase/sale price is the exercise price of the option.\n 80. Market Gains and Losses: The Claims Administrator will determine if the Claimant had a\n\u201cMarket Gain\u201d or a \u201cMarket Loss\u201d with respect to his, her, or its overall transactions in AdaptHealth\ncommon stock during the Settlement Class Period. For purposes of making this calculation, the Claims\nAdministrator shall determine the difference between (i) the Claimant\u2019s Total Purchase Amount6 and\n(ii) the sum of the Claimant\u2019s Total Sales Proceeds7 and the Claimant\u2019s Holding Value.8 If the Claimant\u2019s\nTotal Purchase Amount minus the sum of the Claimant\u2019s Total Sales Proceeds and the Holding Value is\na positive number, that number will be the Claimant\u2019s Market Loss; if the number is a negative number\nor zero, that number will be the Claimant\u2019s Market Gain.\n 81. If a Claimant had a Market Gain with respect to his, her, or its overall transactions in AdaptHealth\ncommon stock during the Settlement Class Period, the value of the Claimant\u2019s Recognized Claim will be\nzero, and the Claimant will in any event be bound by the Settlement. If a Claimant suffered an overall\nMarket Loss with respect to his, her, or its overall transactions in AdaptHealth common stock during the\nSettlement Class Period but that Market Loss was less than the Claimant\u2019s Recognized Claim, then the\nClaimant\u2019s Recognized Claim will be limited to the amount of the Market Loss.\n 82. Determination of Distribution Amount: The Net Settlement Fund will be distributed to\nAuthorized Claimants on a pro rata basis based on the relative size of their Recognized Claims.\nSpecifically, a \u201cDistribution Amount\u201d will be calculated for each Authorized Claimant, which will be the\nAuthorized Claimant\u2019s Recognized Claim divided by the total Recognized Claims of all Authorized\nClaimants, multiplied by the total amount in the Net Settlement Fund.\n 83. If an Authorized Claimant\u2019s Distribution Amount calculates to less than $10.00, no distribution\nwill be made to that Authorized Claimant. Those funds will be included in the distribution to Authorized\nClaimants whose Distribution Amount is $10.00 or more.\n 84. After the initial distribution of the Net Settlement Fund, the Claims Administrator will make\nreasonable and diligent efforts to have Authorized Claimants cash their distribution checks. To the extent\nany monies remain in the Net Settlement Fund six (6) months after the initial distribution, if Lead Counsel,\nin consultation with the Claims Administrator, determine that it is cost-effective to do so, the Claims\nAdministrator will conduct a re-distribution of the funds remaining after payment of any unpaid fees and\nexpenses incurred in administering the Settlement, including for such re-distribution, to Authorized\nClaimants who have cashed their initial distributions and who would receive at least $10.00 from such re-\ndistribution. Additional re-distributions to Authorized Claimants who have cashed their prior checks may\noccur thereafter if Lead Counsel, in consultation with the Claims Administrator, determine that additional\n6\n The \u201cTotal Purchase Amount\u201d is the total amount the Claimant paid (excluding all fees, taxes, and\ncommissions) for all shares of AdaptHealth common stock purchased or acquired during Settlement Class\nPeriod.\n7\n The Claims Administrator shall match any sales of AdaptHealth common stock during the Settlement\nClass Period first against the Claimant\u2019s opening position in AdaptHealth common stock (the proceeds of\nthose sales will not be considered for purposes of calculating market gains or losses). The total amount\nreceived (not deducting any fees, taxes and commissions) for sales of the remaining shares of AdaptHealth\ncommon stock sold during the Settlement Class Period is the \u201cTotal Sales Proceeds.\u201d\n8\n The Claims Administrator shall ascribe a \u201cHolding Value\u201d of $6.50 to each share of AdaptHealth\ncommon stock purchased or acquired during the Settlement Class Period that was still held as of the close\nof trading on November 7, 2023.\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 19 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 93 of 119\n\n\n\nre-distributions, after the deduction of any additional fees and expenses incurred in administering the\nSettlement, including for such re-distributions, would be cost-effective. At such time as it is determined\nthat the re-distribution of funds remaining in the Net Settlement Fund is not cost-effective, the remaining\nbalance will be contributed to one or more non-sectarian, not-for-profit, 501(c)(3) organizations to be\nselected by Lead Counsel and approved by the Court.\n 85. Payment pursuant to the Plan of Allocation, or such other plan of allocation as may be approved\nby the Court, will be conclusive against all Claimants. No person shall have any claim against Lead\nPlaintiffs, Lead Plaintiffs\u2019 Counsel, Lead Plaintiffs\u2019 damages experts, Lead Plaintiffs\u2019 consulting experts,\nDefendants, Defendants\u2019 Counsel, or any of the other Released Plaintiff Parties or Released Defendant\nParties, or the Claims Administrator or other agent designated by Lead Counsel arising from distributions\nmade substantially in accordance with the Stipulation, the plan of allocation approved by the Court, or\nfurther Orders of the Court. Lead Plaintiffs, Defendants, and their respective counsel, and all other\nReleased Defendant Parties, shall have no responsibility or liability whatsoever for the investment or\ndistribution of the Settlement Fund or the Net Settlement Fund; the plan of allocation; the determination,\nadministration, calculation, or payment of any Claim or nonperformance of the Claims Administrator; the\npayment or withholding of Taxes; or any losses incurred in connection therewith.\n\n\n TABLE A\n\n Estimated Artificial Inflation in AdaptHealth Common Stock\n August 4, 2020 through November 7, 2023\n Estimated Artificial\n Date Range\n Inflation Per Share\n August 4, 2020 through March 1, 2022 $10.28\n March 2, 2022 through February 27, 2023 $9.30\n February 28, 2023 $3.36\n March 1, 2023 through May 8, 2023 $2.55\n May 9, 2023 through November 6, 2023 $1.87\n November 7, 2023 $1.13\n November 8, 2023 and later $0.00\n\n\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 20 of 21\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 94 of 119\n\n\n\n TABLE B\n\n\n 90-Day Look-back Table for AdaptHealth Common Stock\n Closing Price and Average Closing Price\n November 7, 2023 through February 2, 2024\n Average Closing Average Closing\n Price from Price from\n November 7, November 7,\n Closing 2023 through Closing 2023 through\n Date Price Date Shown Date Price Date Shown\n 11/7/2023 $7.69 $7.69 12/20/2023 $6.49 $8.14\n 11/8/2023 $6.50 $7.10 12/21/2023 $7.15 $8.11\n 11/9/2023 $6.81 $7.00 12/22/2023 $7.09 $8.08\n 11/10/2023 $6.88 $6.97 12/26/2023 $7.08 $8.05\n 11/13/2023 $7.58 $7.09 12/27/2023 $7.17 $8.02\n 11/14/2023 $8.45 $7.32 12/28/2023 $7.32 $8.00\n 11/15/2023 $8.30 $7.46 12/29/2023 $7.29 $7.98\n 11/16/2023 $8.28 $7.56 1/2/2024 $7.26 $7.96\n 11/17/2023 $8.53 $7.67 1/3/2024 $7.01 $7.94\n 11/20/2023 $8.52 $7.75 1/4/2024 $7.19 $7.92\n 11/21/2023 $8.32 $7.81 1/5/2024 $7.25 $7.90\n 11/22/2023 $8.50 $7.86 1/8/2024 $7.01 $7.88\n 11/24/2023 $8.61 $7.92 1/9/2024 $6.82 $7.86\n 11/27/2023 $8.74 $7.98 1/10/2024 $6.76 $7.83\n 11/28/2023 $8.80 $8.03 1/11/2024 $7.23 $7.82\n 11/29/2023 $8.89 $8.09 1/12/2024 $6.93 $7.80\n 11/30/2023 $8.48 $8.11 1/16/2024 $6.65 $7.78\n 12/1/2023 $8.83 $8.15 1/17/2024 $6.64 $7.75\n 12/4/2023 $9.20 $8.21 1/18/2024 $6.78 $7.73\n 12/5/2023 $8.56 $8.22 1/19/2024 $6.87 $7.72\n 12/6/2023 $8.47 $8.24 1/22/2024 $7.21 $7.71\n 12/7/2023 $7.98 $8.22 1/23/2024 $7.00 $7.69\n 12/8/2023 $8.28 $8.23 1/24/2024 $6.94 $7.68\n 12/11/2023 $8.17 $8.22 1/25/2024 $7.08 $7.67\n 12/12/2023 $7.95 $8.21 1/26/2024 $7.09 $7.66\n 12/13/2023 $8.47 $8.22 1/29/2024 $7.36 $7.65\n 12/14/2023 $8.71 $8.24 1/30/2024 $7.26 $7.64\n 12/15/2023 $7.74 $8.22 1/31/2024 $7.22 $7.64\n 12/18/2023 $7.71 $8.21 2/1/2024 $7.32 $7.63\n 12/19/2023 $7.85 $8.19 2/2/2024 $7.47 $7.63\n\n\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921 Page 21 of 21\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 95 of 119\n\n\n\n\n Exhibit A-2\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 96 of 119\n\n\n Exhibit A-2\n\n AdaptHealth Securities Litigation\n Toll-Free Number: (833) 754-8921\n Email: info@AdaptHealth2025SecuritiesLitigation.com\n Website: www.AdaptHealth2025SecuritiesLitigation.com\n\n\n\n\n PROOF OF CLAIM AND RELEASE FORM\n\nTo be eligible to receive a share of the Net Settlement Fund in connection with the Settlement of this Action, you\nmust complete and sign this Proof of Claim and Release Form (\u201cClaim Form\u201d) and mail it by First-Class Mail to\nthe address below, or submit it online at www.AdaptHealth2025SecuritiesLitigation.com, with supporting\ndocumentation, postmarked (if mailed) or submitted online no later than __________, 2026.\n\n Mail to:\n AdaptHealth Securities Litigation\n c/o Kroll Settlement Administration\n P.O. Box 5090\n New York, NY 10150-5090\nFailure to submit your Claim Form by the date specified will subject your claim to rejection and may preclude\nyou from being eligible to receive any money in connection with the Settlement.\nDo not mail or deliver your Claim Form to the Court, the Settling Parties, or their counsel. Submit your\nClaim Form only to the Claims Administrator at the address set forth above.\n\n\n TABLE OF CONTENTS PAGE #\n\n PART I \u2013 CLAIMANT INFORMATION 2\n\n PART II \u2013 GENERAL INSTRUCTIONS 3\n\n PART III \u2013 SCHEDULE OF TRANSACTIONS IN ADAPTHEALTH\n COMMON STOCK (NASDAQ: AHCO; CUSIP: 00653Q102) 6\n\n PART IV \u2013 RELEASE OF CLAIMS, CERTIFICATION, AND SIGNATURE 7\n\n\n\n\nQuestions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 1 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 97 of 119\n\n\n PART I \u2013 CLAIMANT INFORMATION\n\nThe Claims Administrator will use this information for all communications regarding this Claim Form. If this\ninformation changes, you MUST notify the Claims Administrator in writing at the address above. Complete\nnames of all persons and entities must be provided.\nBeneficial Owner\u2019s Name\nFirst Name Last Name\n\n\n\nJoint Beneficial Owner\u2019s Name (if applicable)\nFirst Name Last Name\n\n\n\nIf this claim is submitted for an IRA, and if you would like any check that you MAY be eligible to receive made payable to the IRA, please include\n\u201cIRA\u201d in the \u201cLast Name\u201d box above (e.g., Jones IRA).\n\nEntity Name (if the Beneficial Owner is not an individual)\n\n\n\nName of Representative, if applicable (executor, administrator, trustee, c/o, etc.), if different from Beneficial Owner\n\n\n\nLast 4 digits of Social Security Number or Taxpayer Identification Number\n\n\n\nStreet Address\n\n\n\nStreet Address (second line, if needed)\n\n\n\nCity State/Province Zip Code\n\n\n\nForeign Postal Code (if applicable) Foreign Country (if applicable)\n\n\n\nTelephone Number (Day) Telephone Number (Evening)\n\n\n\nEmail Address (email address is not required, but if you provide it you authorize the Claims Administrator to use it in providing you with information\nrelevant to this claim):\n\n\n\nType of Beneficial Owner:\nSpecify one of the following:\n Individual(s) Corporation UGMA Custodian IRA\n\n\n Partnership Estate Trust Other (describe: _______________________)\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 2 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 98 of 119\n\n\n PART II \u2013 GENERAL INSTRUCTIONS\n\n 1. It is important that you completely read and understand the Notice of Pendency and Proposed\nSettlement of Class Action (the \u201cNotice\u201d) that accompanies this Claim Form, including the Plan of Allocation of\nthe Net Settlement Fund set forth in the Notice. The Notice describes the proposed Settlement, how Settlement\nClass Members are affected by the Settlement, and the manner in which the Net Settlement Fund will be\ndistributed if the Settlement and Plan of Allocation are approved by the Court. The Notice also contains the\ndefinitions of many of the defined terms (which are indicated by initial capital letters) used in this Claim Form.\nOther definitions of defined terms indicated by initial capital letters are set forth in the Stipulation and Agreement\nof Settlement (\u201cStipulation\u201d), filed with the Court on December [__], 2025, and available at\nwww.AdaptHealth2025SecuritiesLitigation.com. By signing and submitting this Claim Form, you will be\ncertifying that you have read and that you understand the Notice, including the terms of the releases described\ntherein and provided for herein.\n\n 2. By submitting this Claim Form, you will be making a request to share in the proceeds of the\nSettlement described in the Notice. If you are not a Settlement Class Member (see the definition of the Settlement\nClass on page [__] of the Notice), or if you, or someone acting on your behalf, submitted a request for exclusion\nfrom the Settlement Class, do not submit a Claim Form. You may not, directly or indirectly, participate in\nthe Settlement if you are not a Settlement Class Member. Thus, if you are excluded from the Settlement Class,\nany Claim Form that you submit, or that may be submitted on your behalf, will not be accepted.\n\n 3. Submission of this Claim Form does not guarantee that you will share in the proceeds of the\nSettlement. The distribution of the Net Settlement Fund will be governed by the Plan of Allocation set\nforth in the Notice or by such other plan of allocation as the Court approves.\n\n 4. On the Schedule of Transactions in Part III of this Claim Form, provide all of the requested\ninformation with respect to your holdings, purchases, acquisitions, and sales of AdaptHealth common stock\n(including free transfers and deliveries), whether such transactions resulted in a profit or a loss. Failure to report\nall transaction and holding information during the requested time period may result in the rejection of\nyour claim.\n\n 5. Please note: Only purchases or acquisitions of common stock of AdaptHealth Corp.\n(\u201cAdaptHealth\u201d) from August 4, 2020 through November 6, 2023, inclusive, are eligible under the Settlement\nand the proposed Plan of Allocation set forth in the Notice. However, under the \u201c90-day look-back period\u201d\n(described in the Plan of Allocation), sales of AdaptHealth common stock during the period from November 7,\n2023 through the close of trading on February 2, 2024 will be used for purposes of calculating Recognized Loss\nAmounts under the Plan of Allocation. Therefore, in order for the Claims Administrator to be able to balance\nyour claim, the requested purchase information during this period must also be provided.\n\n 6. You are required to submit genuine and sufficient documentation for all of your transactions in\nand holdings of AdaptHealth common stock set forth in the Schedule of Transactions in Part III. Documentation\nmay consist of copies of brokerage confirmation slips or monthly brokerage account statements, or an authorized\nstatement from your broker containing the transactional and holding information found in a broker confirmation\nslip or account statement. The Settling Parties and the Claims Administrator do not independently have\ninformation about your investments in AdaptHealth common stock. IF SUCH DOCUMENTS ARE NOT IN\nYOUR POSSESSION, PLEASE OBTAIN COPIES OF THE DOCUMENTS OR EQUIVALENT\nDOCUMENTS FROM YOUR BROKER. FAILURE TO SUPPLY THIS DOCUMENTATION MAY RESULT\nIN THE REJECTION OF YOUR CLAIM. DO NOT SEND ORIGINAL DOCUMENTS.\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 3 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 99 of 119\n\n\n 7. Please keep a copy of all documents that you send to the Claims Administrator. Also, do not\nhighlight any portion of the Claim Form or any supporting documents.\n\n 8. Use Part I of this Claim Form entitled \u201cCLAIMANT INFORMATION\u201d to identify the beneficial\nowner(s) of AdaptHealth common stock. The complete name(s) of the beneficial owner(s) must be entered. If\nyou held the AdaptHealth common stock in your own name, you were the beneficial owner as well as the record\nowner. If, however, your shares of AdaptHealth common stock were registered in the name of a third party, such\nas a nominee or brokerage firm, you were the beneficial owner of these shares, but the third party was the record\nowner. The beneficial owner, not the record owner, must sign this Claim Form to be eligible to participate in the\nSettlement. If there were joint beneficial owners each must sign this Claim Form and their names must appear as\n\u201cClaimants\u201d in Part I of this Claim Form.\n\n 9. One Claim should be submitted for each separate legal entity or separately managed\naccount. Separate Claim Forms should be submitted for each separate legal entity (e.g., an individual should not\ncombine his, her or their IRA transactions with transactions made solely in the individual\u2019s name). Generally, a\nsingle Claim Form should be submitted on behalf of one legal entity including all holdings and transactions made\nby that entity on one Claim Form. However, if a single person or legal entity had multiple accounts that were\nseparately managed, separate Claims may be submitted for each such account. The Claims Administrator reserves\nthe right to request information on all the holdings and transactions in AdaptHealth common stock made on behalf\nof a single beneficial owner.\n\n 10. Agents, executors, administrators, guardians, and trustees must complete and sign the Claim Form\non behalf of persons represented by them, and they must:\n (a) expressly state the capacity in which they are acting;\n (b) identify the name, account number, Social Security Number (or Taxpayer Identification\n Number), address, and telephone number of the beneficial owner of (or other person or\n entity on whose behalf they are acting with respect to) the AdaptHealth common stock;\n and\n (c) furnish herewith evidence of their authority to bind to the Claim Form the person or entity\n on whose behalf they are acting. (Authority to complete and sign a Claim Form cannot be\n established by stockbrokers demonstrating only that they have discretionary authority to\n trade securities in another person\u2019s accounts.)\n\n 11. By submitting a signed Claim Form, you will be swearing that you:\n (a) own(ed) the AdaptHealth common stock you have listed in the Claim Form; or\n (b) are expressly authorized to act on behalf of the owner thereof.\n\n 12. By submitting a signed Claim Form, you will be swearing to the truth of the statements contained\ntherein and the genuineness of the documents attached thereto, subject to penalties of perjury under the laws of\nthe United States of America. The making of false statements, or the submission of forged or fraudulent\ndocumentation, will result in the rejection of your claim and may subject you to civil liability or criminal\nprosecution.\n\n 13. Payments to eligible Authorized Claimants will be made only if the Court approves the Settlement,\nafter any appeals are resolved, and after the completion of all claims processing.\n\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 4 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 100 of 119\n\n\n 14. PLEASE NOTE: As set forth in the Plan of Allocation, each Authorized Claimant shall receive\nhis, her, or its pro rata share of the Net Settlement Fund. If the prorated payment to any Authorized Claimant\ncalculates to less than $10.00, it will not be included in the calculation, and no distribution will be made to that\nAuthorized Claimant.\n\n 15. If you have questions concerning the Claim Form, or need additional copies of the Claim Form or\nthe Notice, you may contact the Claims Administrator, Kroll Settlement Administration, at the above address, by\nemail at info@AdaptHealth2025SecuritiesLitigation.com, or by toll-free phone at (833) 754-8921, or you can\nvisit the website, www.AdaptHealth2025SecuritiesLitigation.com, where copies of the Claim Form and Notice\nare available for downloading.\n\n 16. NOTICE REGARDING ELECTRONIC FILES: Certain claimants with large numbers of\ntransactions may request, or may be requested, to submit information regarding their transactions in electronic\nfiles. To obtain the mandatory electronic filing requirements and file layout, you may visit the settlement website\nat www.AdaptHealth2025SecuritiesLitigation.com or you may email the Claims Administrator\u2019s electronic filing\ndepartment at info@AdaptHealth2025SecuritiesLitigation.com. Any file not in accordance with the required\nelectronic filing format will be subject to rejection. The complete name of the beneficial owner of the securities\nmust be entered where called for (see \u00b6 8 above). No electronic files will be considered to have been submitted\nunless the Claims Administrator issues an email confirming receipt of your submission. Do not assume that\nyour file has been received until you receive that email. If you do not receive such an email within 10 days\nof your submission, you should contact the electronic filing department at\ninfo@AdaptHealth2025SecuritiesLitigation.com to inquire about your file and confirm it was received.\n\n\n\n IMPORTANT: PLEASE NOTE\nYOUR CLAIM IS NOT DEEMED FILED UNTIL YOU RECEIVE AN ACKNOWLEDGEMENT\nPOSTCARD. THE CLAIMS ADMINISTRATOR WILL ACKNOWLEDGE RECEIPT OF YOUR\nCLAIM FORM BY MAIL, WITHIN 60 DAYS. IF YOU DO NOT RECEIVE AN\nACKNOWLEDGEMENT POSTCARD WITHIN 60 DAYS, CALL THE CLAIMS ADMINISTRATOR\nTOLL-FREE AT (833) 754-8921.\n\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 5 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 101 of 119\n\n\n PART III \u2013 SCHEDULE OF TRANSACTIONS IN ADAPT HEALTH COMMON STOCK\n The only eligible security is the common stock of AdaptHealth Corp. (\u201cAdaptHealth\u201d). AdaptHealth common\n stock trades on the NASDAQ under the ticker symbol AHCO. Its CUSIP is 00653Q102. Do not include\n information regarding securities other than AdaptHealth s common stock. Please include proper documentation\n with your Claim Form as described in detail in Part II \u2013 General Instructions \u00b6 6, above.\n1. HOLDINGS AS OF AUGUST 4, 2020 \u2013 State the total number of shares of AdaptHealth common Confirm Proof of\nstock held as of the opening of trading on August 4, 2020. (Must be documented.) If none, write \u201czero\u201d Position Enclosed\nor \u201c0.\u201d ________________ \u25a1\n2. PURCHASES/ACQUISITIONS FROM AUGUST 4, 2020 THROUGH NOVEMBER 7, 2023 \u2013 Separately list each\nand every purchase or acquisition (including free receipts) of AdaptHealth common stock from August 4, 2020 through the\nclose of trading on November 7, 2023. (Must be documented.)\n Date of Purchase/ Number of Shares Purchase/Acquisition Total Purchase/ Confirm Proof of\n Acquisition Purchased/Acquired Price Per Share Acquisition Price Purchase Enclosed\n(List Chronologically) (excluding any taxes,\n (Month/Day/Year) commissions, and fees)\n\n / / $ $ \u25a1\n\n / / $ $ \u25a1\n\n / / $ $ \u25a1\n\n / / $ $ \u25a1\n3. PURCHASES/ACQUISITIONS FROM NOVEMBER 8, 2023 THROUGH FEBRUARY 2, 2024 \u2013 State the total\nnumber of shares of AdaptHealth common stock purchased or acquired (including free receipts) from November 8, 2023,\nthrough the close of trading on February 2, 2024. If none, write \u201czero\u201d or \u201c0.\u201d ____________________\n4. SALES FROM AUGUST 4, 2020 THROUGH FEBRUARY 2, 2024 \u2013 Separately list each and IF NONE,\nevery sale or disposition (including free deliveries) of AdaptHealth common stock from August 4, 2020 CHECK HERE\nthrough the close of trading on February 2, 2024. (Must be documented.) \u25a1\n Date of Sale Number of Sale Price Total Sale Price Confirm Proof\n(List Chronologically) Shares Sold Per Share (not deducting any taxes, of Sale Enclosed\n (Month/Day/Year) commissions, and fees)\n\n / / $ $ \u25a1\n\n / / $ $ \u25a1\n\n / / $ $ \u25a1\n\n / / $ $ \u25a1\n5. HOLDINGS AS OF FEBRUARY 2, 2024 \u2013 State the total number of shares of AdaptHealth Confirm Proof of\ncommon stock held as of the close of trading on February 2, 2024. (Must be documented.) If none, Position Enclosed\nwrite \u201czero\u201d or \u201c0.\u201d ________________ \u25a1\nIF YOU REQUIRE ADDITIONAL SPACE FOR THE SCHEDULE ABOVE, ATTACH EXTRA\nSCHEDULES IN THE SAME FORMAT. PRINT THE BENEFICIAL OWNER\u2019S FULL NAME AND\nLAST FOUR DIGITS OF SOCIAL SECURITY/TAXPAYER IDENTIFICATION NUMBER ON EACH\nADDITIONAL PAGE. IF YOU DO ATTACH EXTRA SCHEDULES, CHECK THIS BOX.\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 6 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 102 of 119\n\n\n PART IV \u2013 RELEASE OF CLAIMS, CERTIFICATION, AND SIGNATURE\n\n YOU MUST ALSO READ THE RELEASE AND CERTIFICATION BELOW AND SIGN ON PAGE 8\n OF THIS CLAIM FORM.\n\nI (We) hereby acknowledge that, pursuant to the terms set forth in the Stipulation, without further action by\nanyone, upon the Effective Date of the Settlement, I (we), on behalf of myself (ourselves) and my (our) (the\nclaimant(s)\u2019) respective legal representatives, parents, subsidiaries, agents, affiliates, heirs, successors-in-interest,\npredecessors, or assigns, in their capacities as such, shall be deemed to have, and by operation of law and of the\nJudgment shall have, fully, finally, and forever compromised, settled, released, resolved, relinquished, waived,\nand discharged each and every one of the Released Plaintiffs\u2019 Claims against each and every Defendants and any\nand all of the other Released Defendant Parties, and shall forever be barred and enjoined from commencing,\ninstituting, prosecuting, or continuing to prosecute, or asserting, either directly or indirectly, the Released\nPlaintiffs\u2019 Claims against each and every Defendant and any and all of the other Released Defendant Parties.\n\nCERTIFICATION\n\nBy signing and submitting this Claim Form, the claimant(s) or the person(s) who represent(s) the claimant(s)\nagree(s) to the release above and certifies (certify) as follows:\n 1. that I (we) have read and understand the contents of the Notice and this Claim Form, including\nthe releases provided for in the Settlement and the terms of the Plan of Allocation;\n 2. that the claimant(s) is a (are) Settlement Class Member(s), as defined in the Notice, and is (are)\nnot excluded by definition from the Settlement Class as set forth in the Notice;\n 3. that the claimant(s) did not submit a request for exclusion from the Settlement Class;\n 4. that I (we) own(ed) the AdaptHealth common stock identified in the Claim Form and have not\nassigned the claim against any of the Defendants or any of the other Released Defendant Parties to another, or\nthat, in signing and submitting this Claim Form, I (we) have the authority to act on behalf of the owner(s) thereof;\n 5. that the claimant(s) has (have) not submitted any other claim covering the same purchases of\nAdaptHealth common stock and knows (know) of no other person having done so on the claimant\u2019s (claimants\u2019)\nbehalf;\n 6. that the claimant(s) has (have) not assigned or transferred or purported to assign or transfer,\nvoluntarily or involuntarily, any Released Plaintiffs\u2019 Claim against any of the Released Defendant Parties;\n 7. that the claimant(s) submit(s) to the jurisdiction of the United States District Court for the Eastern\nDistrict of Pennsylvania with respect to claimant\u2019s (claimants\u2019) claim and for purposes of enforcing the releases\nset forth herein;\n 8. that I (we) agree to furnish such additional information with respect to this Claim Form as Lead\nCounsel, the Claims Administrator, or the Court may require;\n 9. that the claimant(s) waive(s) the right to trial by jury, to the extent it exists, and agree(s) to the\ndetermination by the Court of the validity or amount of this Claim, and waive(s) any right of appeal or review\nwith respect to such determination;\n 10. that I (we) acknowledge that the claimant(s) will be bound by and subject to the terms of any\njudgment(s) that may be entered in the Action; and\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 7 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 103 of 119\n\n\n 11. that the claimant(s) is (are) NOT subject to backup withholding under the provisions of Section\n3406(a)(1)(C) of the Internal Revenue Code because (i) the claimant(s) is (are) exempt from backup withholding\nor (ii) the claimant(s) has (have) not been notified by the IRS that he, she, or it is subject to backup withholding\nas a result of a failure to report all interest or dividends or (iii) the IRS has notified the claimant(s) that he, she,\nor it is no longer subject to backup withholding. If the IRS has notified the claimant(s) that he, she, it, or\nthey is (are) subject to backup withholding, please strike out the language in the preceding sentence\nindicating that the claim is not subject to backup withholding in the certification above.\n\nUNDER THE PENALTIES OF PERJURY UNDER THE LAWS OF THE UNITED STATES OF AMERICA,\nI (WE) CERTIFY THAT ALL OF THE INFORMATION PROVIDED BY ME (US) ON THIS CLAIM FORM\nIS TRUE, CORRECT, AND COMPLETE, AND THAT THE DOCUMENTS SUBMITTED HEREWITH ARE\nTRUE AND CORRECT COPIES OF WHAT THEY PURPORT TO BE.\n\n\nSignature of claimant Date\n\n\nPrint claimant name here\n\n\nSignature of joint claimant, if any Date\n\n\nPrint joint claimant name here\n\nIf the claimant is other than an individual, or is not the person completing this form, the following also must\nbe provided:\n\n\nSignature of person signing on behalf of claimant Date\n\n\nPrint name of person signing on behalf of claimant here\n\n\nCapacity of person signing on behalf of claimant, if other than an individual, e.g., executor, president, trustee,\ncustodian, etc. (Must provide evidence of authority to act on behalf of claimant \u2013 see \u00b6 10 on page 4 of this Claim\nForm.)\n\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 8 of 9\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 104 of 119\n\n\n REMINDER CHECKLIST\n\n1. Sign the above release and certification. If this Claim Form is being made on behalf of joint claimants, then\n both must sign.\n2. Attach only copies of acceptable supporting documentation as these documents will not be returned to you.\n3. Do not highlight any portion of the Claim Form or any supporting documents.\n4. Keep copies of the completed Claim Form and documentation for your own records.\n5. The Claims Administrator will acknowledge receipt of your Claim Form by mail, within 60 days. Your claim\n is not deemed filed until you receive an acknowledgement postcard. If you do not receive an\n acknowledgement postcard within 60 days, please call the Claims Administrator toll-free at (833) 754-\n 8921.\n6. If your address changes in the future, or if this Claim Form was sent to an old or incorrect address, you must\n send the Claims Administrator written notification of your new address. If you change your name, inform the\n Claims Administrator.\n7. If you have any questions or concerns regarding your claim, contact the Claims Administrator at the address\n below, by email at info@AdaptHealth2025SecuritiesLitigation.com, or by toll-free phone at (833) 754-8921,\n or you may visit www.AdaptHealth2025SecuritiesLitigation.com. DO NOT call AdaptHealth, the other\n Defendants, or their counsel with questions regarding your claim.\n\nThis Claim Form must be mailed to the Claims Administrator by First-Class Mail or submitted online to\nwww.AdaptHealth2025SecuritiesLitigation.com, postmarked (or submitted online) no later than\n__________, 2026. If mailed, the Claim Form should be addressed as follows:\n\n AdaptHealth Securities Litigation\n c/o Kroll Settlement Administration\n P.O. Box 5090\n New York, NY 10150-5090\n\n You should be aware that it will take a significant amount of time to fully process all of the Claim Forms.\nPlease be patient and notify the Claims Administrator of any change of address.\n\n\n\n\n Questions? Visit www.AdaptHealth2025SecuritiesLitigation.com or call toll-free (833) 754-8921. Page 9 of 9\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 105 of 119\n\n\n\n\n Exhibit A-3\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 106 of 119\n\n\n\n\n Exhibit A-3\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\nIn re AdaptHealth Corp. Securities Litigation Case No. 2:23-cv-04104-MRP\n\n\n\n\n SUMMARY NOTICE OF PENDENCY\n AND PROPOSED SETTLEMENT OF CLASS ACTION\n\n TO: All persons and entities who purchased or otherwise acquired the common stock\n of AdaptHealth Corp. (\u201cAdaptHealth\u201d) during the period from August 4, 2020\n through November 7, 2023, inclusive (the \u201cSettlement Class Period\u201d) (the\n \u201cSettlement Class\u201d).1:\n\nPLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS WILL BE AFFECTED\nBY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.\n\n YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil\nProcedure and an Order of the United States District Court for the Eastern District of Pennsylvania\n(the \u201cCourt\u201d), that the above-captioned securities class action (the \u201cAction\u201d) is pending in the\nCourt.\n\n YOU ARE ALSO NOTIFIED that Lead Plaintiffs Allegheny County Employees\u2019\nRetirement System (\u201cACERS\u201d), International Union of Operating Engineers, Local No. 793,\nMembers Pension Benefit Trust of Ontario (\u201cLocal 793\u201d), and City of Tallahassee Pension Plan\n(\u201cTallahassee\u201d) (together, \u201cLead Plaintiffs\u201d), on behalf of themselves and the Settlement Class,\nhave reached a proposed settlement of the Action for $35,000,000 in cash (the \u201cSettlement\u201d). If\napproved, the Settlement will resolve all claims in the Action.\n\n A hearing will be held on __________, 2026, at __:00 __.m., before the Honorable Maria\nR. Perez of the United States District Court for the Eastern District of Pennsylvania, either in\nperson in Courtroom 10-B of the James A. Byrne U.S. Courthouse, 601 Market Street,\nPhiladelphia, PA 19106, or by telephone or videoconference, in the discretion of the Court, to\ndetermine: (i) whether the proposed Settlement should be approved as fair, reasonable, and\nadequate; (ii) whether, for purposes of the proposed Settlement only, the Action should be certified\n\n1\n The full definition of the Settlement Class, including certain persons and entities excluded from\nthe Settlement Class by definition, is set forth in the full Notice of Pendency and Proposed\nSettlement of Class Action (the \u201cNotice\u201d), available at\nwww.AdaptHealth2025SecuritiesLitigation.com.\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 107 of 119\n\n\n\n\nas a class action on behalf of the Settlement Class, Lead Plaintiffs should be certified as Class\nRepresentatives for the Settlement Class, and Lead Counsel2 should be appointed as Class Counsel\nfor the Settlement Class; (iii) whether the Action should be dismissed with prejudice against\nDefendants, and the Releases specified and described in the Stipulation (and in the Notice) should\nbe granted; (iv) whether the proposed Plan of Allocation should be approved as fair and\nreasonable; and (v) whether Lead Counsel\u2019s motion for attorneys\u2019 fees and expenses should be\napproved.\n If you are a member of the Settlement Class, your rights will be affected by the\npending Action and the Settlement, and you may be entitled to share in the Net Settlement\nFund. If you have not yet received the Notice and the Proof of Claim and Release Form (\u201cClaim\nForm\u201d), you may obtain copies of these documents by contacting the Claims Administrator at:\nAdaptHealth Securities Litigation, c/o Kroll Settlement Administration, P.O. 5090, New York, NY\n10150-5090; (833) 754-8921; info@AdaptHealth2025SecuritiesLitigation.com. Copies of the\nNotice and Claim Form can also be downloaded from the website,\nwww.AdaptHealth2025SecuritiesLitigation.com.\n\n If you are a member of the Settlement Class, in order to be eligible to receive a payment\nfrom the Settlement, you must submit a Claim Form postmarked (if mailed) or online by no later\nthan ____________, 2026. If you are a Settlement Class Member and do not submit a proper\nClaim Form, you will not be eligible to receive a payment from the Settlement, but you will\nnevertheless be bound by any judgments or orders entered by the Court in the Action.\n\n If you are a member of the Settlement Class and wish to exclude yourself from the\nSettlement Class, you must submit a request for exclusion such that it is received no later than\n____________, 2026, in accordance with the instructions set forth in the Notice. If you properly\nexclude yourself from the Settlement Class, you will not be bound by any judgments or orders\nentered by the Court in the Action and you will not be eligible to receive a payment from the\nSettlement.\n\n Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead\nCounsel\u2019s motion for attorneys\u2019 fees and expenses must be filed with the Court and delivered to\nLead Counsel and Defendants\u2019 Counsel such that they are received no later than __________,\n2026, in accordance with the instructions set forth in the Notice.\n\n Please do not contact the Court, the Office of the Clerk of the Court, Defendants, or\ntheir counsel regarding this notice. All questions about this notice, the proposed Settlement,\nor your eligibility to participate in the Settlement should be directed to the Claims\nAdministrator or Lead Counsel.\n\n Requests for the Notice and Claim Form should be made to:\n\n AdaptHealth Securities Litigation\n c/o Kroll Settlement Administration\n\n2\n Capitalized terms not otherwise defined herein shall have the same meaning as in the Stipulation\nand Agreement of Settlement dated December 18, 2025 (\u201cStipulation\u201d). The Stipulation can be\nviewed and/or obtained at www.AdaptHealth2025SecuritiesLitigation.com.\n\n\n 2\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 108 of 119\n\n\n\n\n P.O. Box 5090\n New York, NY 10150-5090\n\n (833) 754-8921\n info@AdaptHealth2025SecuritiesLitigation.com\n www.AdaptHealth2025SecuritiesLitigation.com\n\n Inquiries, other than requests for the Notice and Claim Form, should be made to Lead\nCounsel:\n\n Katherine M. Sinderson\n Bernstein Litowitz Berger & Grossmann LLP\n 1251 Avenue of the Americas, 44th Floor\n New York, NY 10020\n (800) 380-8496\n settlements@blbglaw.com\n\nBy Order of the Court\n\n\n\n\n 3\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 109 of 119\n\n\n\n\n Exhibit B\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 110 of 119\n\n\n\n\n Exhibit B\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\nIn re AdaptHealth Corp. Securities Litigation Case No. 2:23-cv-04104-MRP\n\n\n\n\n [PROPOSED] FINAL JUDGMENT AND ORDER OF DISMISSAL WITH PREJUDICE\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 111 of 119\n\n\n\n\n This matter came before the Court pursuant to the Order Preliminarily Approving\n\nSettlement and Providing for Notice (\u201cPreliminary Approval Order\u201d) dated ____________, 202__,\n\non the application of the Settling Parties for approval of the Settlement set forth in the Stipulation\n\nand Agreement of Settlement dated December 18, 2025 (the \u201cStipulation\u201d). Due and adequate\n\nnotice having been given to the Settlement Class as required in said Preliminary Approval Order,\n\nand the Court having considered all papers filed and proceedings had herein and otherwise being\n\nfully informed in the premises and good cause appearing therefore, IT IS HEREBY ORDERED,\n\nADJUDGED, AND DECREED that:\n\n 1. This Judgment incorporates by reference the definitions in the Stipulation, and all\n\ncapitalized terms used herein shall have the same meanings as set forth in the Stipulation, unless\n\notherwise set forth herein.\n\n 2. This Court has jurisdiction over the subject matter of this Action and over all parties\n\nto this Action, including all Settlement Class Members.\n\n 3. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, the Court hereby\n\naffirms its determination in the Preliminary Approval Order and finally certifies, for purposes of\n\nthe Settlement only, a Settlement Class defined as all Persons who purchased or otherwise acquired\n\nAdaptHealth common stock during the period from August 4, 2020 through November 7, 2023,\n\ninclusive (the \u201cSettlement Class Period\u201d). Excluded from the Settlement Class are:\n\n(a) Defendants; (b) any person who served as an officer or director of AdaptHealth during the\n\nSettlement Class Period; (c) the Immediate Family Members of the Individual Defendants and the\n\nexcluded officers and directors; (d) any firm, trust, corporation, or other entity in which any\n\nexcluded Person has, or had during the Settlement Class Period, a controlling interest; and (e) the\n\nlegal representatives, parents, subsidiaries, agents, affiliates, heirs, successors-in-interest,\n\n\n\n\n 2\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 112 of 119\n\n\n\n\npredecessors, or assigns of any such excluded Person, in their capacities as such, provided,\n\nhowever, that any Investment Vehicle shall not be excluded from the Settlement Class. Also\n\nexcluded from the Settlement Class are the Persons listed on Exhibit A who are excluded from the\n\nSettlement Class pursuant to request. Notwithstanding the foregoing, any AdaptHealth employee\n\nretirement, savings, or benefit plan shall not be deemed an affiliate of any Defendant, except that\n\nany Claim submitted on behalf of any AdaptHealth employee retirement, savings, or benefit plan\n\nshall be pro-rated to exclude the proportion owned by Defendants and other excluded persons or\n\nentities.\n\n 4. The Court finds that for purposes of the Settlement only: (a) Settlement Class\n\nMembers are so numerous that joinder of all Settlement Class Members in the Settlement Class is\n\nimpracticable; (b) there are questions of law and fact common to the Settlement Class which\n\npredominate over any individual question; (c) the claims of Lead Plaintiffs are typical of the claims\n\nof the Settlement Class; (d) the Lead Plaintiffs and their counsel have fairly and adequately\n\nrepresented and protected the Settlement Class Members; and (e) a class action is superior to other\n\navailable methods for the fair and efficient adjudication of the controversy, considering (i) the\n\ninterests of the Settlement Class Members in individually controlling the prosecution with separate\n\nactions; (ii) the extent and nature of any litigation concerning the controversy already commenced\n\nby Settlement Class Members; (iii) the desirability or undesirability of concentrating the litigation\n\nthese claims in this particular forum; and (iv) the difficulties likely to be encountered in the\n\nmanagement of the class action.\n\n 5. Pursuant to, and in accordance with, Rule 23(e)(2) of the Federal Rules of Civil\n\nProcedure, this Court hereby fully and finally approves the Settlement set forth in the Stipulation\n\nin all respects (including, without limitation: the amount of the Settlement; the Releases provided\n\n\n\n\n 3\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 113 of 119\n\n\n\n\nfor therein; and the dismissal with prejudice of the claims asserted against Defendants in the\n\nAction), and finds that the Settlement is, in all respects, fair, reasonable, and adequate and in the\n\nbest interest of the Settlement Class. Specifically, the Court finds that:\n\n (a) Lead Plaintiffs and Lead Counsel have adequately represented the\n\nSettlement Class;\n\n (b) the Settlement was the product of informed, arm\u2019s-length negotiations\n\namong competent, able counsel and there was no collusion in connection with the Stipulation;\n\n (c) the record is sufficiently developed and complete to have enabled the\n\nSettling Parties to have adequately evaluated and considered their positions.\n\n (d) the relief provided for the Settlement Class under the Settlement is adequate\n\ntaking into account the costs, risks, and delay of trial and appeal; the proposed means of\n\ndistributing the Settlement Fund to the Settlement Class; and the proposed attorneys\u2019 fee award;\n\nand;\n\n (e) the Settlement treats members of the Settlement Class equitably relative to\n\neach other.\n\n 6. Accordingly, the Court authorizes and directs implementation and performance of\n\nall the terms and provisions of the Stipulation, as well as the terms and provisions hereof. Except\n\nas to any individual claim of those Persons (identified in Exhibit A attached hereto) who have\n\nrequested, and received approval from the Court for, exclusion from the Settlement Class, the\n\nCourt hereby dismisses this Action and all claims asserted therein with prejudice. The Settling\n\nParties are to bear their own costs, except as and to the extent provided in the Stipulation and\n\nherein.\n\n\n\n\n 4\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 114 of 119\n\n\n\n\n 7. Upon the Effective Date, and as provided in the Stipulation, Lead Plaintiffs, and\n\neach of the other Settlement Class Members, on behalf of themselves, and their respective legal\n\nrepresentatives, parents, subsidiaries, agents, affiliates, heirs, successors-in-interest, predecessors,\n\nor assigns, in their capacities as such, (a) shall be deemed to have, and by operation of law and of\n\nthis Judgment shall have, fully, finally, and forever compromised, settled, resolved, waived,\n\nreleased, relinquished, discharged, and dismissed each and every one of the Released Plaintiffs\u2019\n\nClaims against each and every Defendant and any and all of the other Released Defendant Parties;\n\nand (b) shall forever be barred and enjoined from commencing, instituting, prosecuting, or\n\ncontinuing to prosecute, or asserting, either directly or indirectly, the Released Plaintiffs\u2019 Claims\n\nagainst each and every Defendant and any and all of the other Released Defendant Parties. Claims\n\nto enforce the terms of the Stipulation and the Settlement are not released.\n\n 8. Upon the Effective Date, and as provided in the Stipulation, Defendants, on behalf\n\nof themselves, and their respective legal representatives, parents, subsidiaries, agents, affiliates,\n\nheirs, successors-in-interest, predecessors, or assigns, in their capacities as such, (a) shall be\n\ndeemed to have, and by operation of law and of judgment shall have, fully, finally, and forever\n\ncomprised, settled, resolved, waived, released, relinquished, discharged, and dismissed each and\n\nevery one of the Released Defendants\u2019 Claims against Lead Plaintiffs, Lead Plaintiffs\u2019 Counsel,\n\neach and every Settlement Class Member, and any and all of the other Released Plaintiff Parties;\n\nand (b) shall forever be barred and enjoined from commencing, instituting, prosecuting, or\n\ncontinuing to prosecute, or asserting, either directly or indirectly, the Released Defendants\u2019 Claims\n\nagainst Lead Plaintiffs, Lead Plaintiffs\u2019 Counsel, each and every Settlement Class Member, and\n\nany and all of the other Released Plaintiff Parties. Claims to enforce the terms of the Stipulation\n\nand the Settlement are not released.\n\n\n\n\n 5\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 115 of 119\n\n\n\n\n 9. The notice provided to the Settlement Class (including the mailing of the Notice\n\nand publication of the Settlement Notice) was the best notice practicable under the circumstances,\n\nincluding the individual notice to all Settlement Class Members who could be identified through\n\nreasonable effort. Said notice provided the best notice practicable under the circumstances of those\n\nproceedings and of the matters set forth therein, including the proposed Settlement set forth in the\n\nStipulation, to all Persons entitled to such notice, and said notice fully satisfied the requirements\n\nof Federal Rule of Civil Procedure 23 and the requirements of due process. No Settlement Class\n\nMember is relieved from the terms of the Settlement, including the releases provided for therein,\n\nbased upon the contention or proof that such Settlement Class Member failed to receive actual or\n\nadequate notice. A full opportunity has been offered to the Settlement Class Members to object to\n\nthe proposed Settlement and to participate in the hearing thereon. The Court further finds that the\n\nnotice provisions of the Class Action Fairness Act, 28 U.S.C. \u00a7 1715, were fully discharged and\n\nthat the statutory waiting period has elapsed. Thus, the Court hereby determines that all Settlement\n\nClass Members are bound by this Judgment.\n\n 10. Any Plan of Allocation submitted by Lead Counsel or any order entered regarding\n\nany Fee and Expense Application shall in no way disturb or affect this Judgment and shall be\n\nconsidered separate from this Judgment.\n\n 11. Neither the Stipulation nor the Settlement contained therein, nor any act performed\n\nor document executed pursuant to or in furtherance of the Stipulation or the Settlement:\n\n (a) shall be offered or received against any of the Released Defendant Parties\n\nas evidence of or construed as or deemed to be evidence of any presumption, concession, or\n\nadmission by any of the Released Defendant Parties of the truth of any allegations by Lead\n\nPlaintiffs or any Settlement Class Member or the validity, or lack thereof, of any claim that has\n\n\n\n\n 6\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 116 of 119\n\n\n\n\nbeen or could have been asserted in the Action or in any other litigation, including, but not limited\n\nto, litigation of the Released Plaintiffs\u2019 Claims, or the deficiency of any defense that has been or\n\ncould have been asserted in the Action or in any litigation, or of any liability, negligence, fault, or\n\nwrongdoing of the Released Defendant Parties;\n\n (b) shall be offered or received against any of the Released Defendant Parties\n\nas evidence of or construed as or deemed to be evidence of any presumption, concession, or\n\nadmission by any of the Released Defendants Parties of any fault, misrepresentation, or omission\n\nwith respect to any statement or written document approved or made by any Released Defendant\n\nParty, or against any Released Plaintiff Party as evidence of any infirmity in the claims of Lead\n\nPlaintiffs or the other Settlement Class Members;\n\n (c) shall be offered or received against any of the Released Plaintiff Parties as\n\nevidence of or construed as or deemed to be evidence of any presumption, concession, or\n\nadmission that any of Lead Plaintiffs\u2019 or the Settlement Class\u2019s claims are without merit, that any\n\nof the Released Defendant Parties had meritorious defenses, or that damages recoverable under\n\nthe Amended Complaint would not have exceeded the Settlement Amount;\n\n (d) shall be offered or received against any of the Released Defendant Parties\n\nor Released Plaintiff Parties as evidence or construed as or deemed to be evidence of any\n\npresumption, concession, or admission with respect to liability, negligence, fault, or wrongdoing\n\nof any kind, or in any way referred to for any other reason as against any of the Released Defendant\n\nParties or Released Plaintiff Parties in any arbitration proceeding or other civil, criminal, or\n\nadministrative action or proceeding; and/or\n\n (e) shall be construed against any of the Released Defendant Parties or\n\nReleased Plaintiff Parties as evidence of a presumption, concession, or admission that the\n\n\n\n\n 7\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 117 of 119\n\n\n\n\nconsideration to be given hereunder represents the amount which could be or would have been\n\nrecovered after trial in the Action or in any proceeding;\n\n (f) provided, however, that, notwithstanding the foregoing, the Settling Parties\n\nand the other Released Defendant Parties and Released Plaintiff Parties may file or refer to the\n\nStipulation to effectuate the protections from liability granted hereunder or otherwise to enforce\n\nthe terms of the Settlement.\n\n 12. Without affecting the finality of this Judgment in any way, this Court hereby retains\n\ncontinuing jurisdiction over: (a) implementation and enforcement of the terms of this Settlement,\n\ninter alia, entering orders providing for any Fee and Expense Award, the approval of the Plan of\n\nAllocation and enforcing the terms of the Settlement; (b) disposition of the Settlement Fund; and\n\n(c) all parties herein for the purpose of construing, enforcing, and administering the Stipulation.\n\n 13. The Court finds that during the course of this Action, the Settling Parties and their\n\nrespective counsel at all times complied with the requirements of Federal Rule of Civil Procedure\n\n11.\n\n 14. In the event that the Settlement does not become effective in accordance with the\n\nterms of the Stipulation, or the Effective Date does not occur, or in the event that the Settlement\n\nFund, or any portion thereof, is returned to Defendants pursuant to Paragraph 13.5 of the\n\nStipulation then this Judgment shall be rendered null and void to the extent provided by and in\n\naccordance with the Stipulation and shall be vacated and, in such event, all orders entered and\n\nreleases delivered in connection herewith shall be null and void to the extent provided by and in\n\naccordance with the Stipulation, and the Settling Parties shall revert to their respective positions\n\nin this Action as of October 23, 2025, as provided in the Stipulation.\n\n\n\n\n 8\n\f Case 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 118 of 119\n\n\n\n\n 15. Without further order of the Court, the Settling Parties may agree to reasonable\n\nextensions of time to carry out any of the provisions of the Stipulation.\n\n 16. The Court directs immediate entry of this Judgment by the Clerk of the Court.\n\n\n\n SO ORDERED this _______ day of ______________, 2026.\n\n\n\n _______________________________________\n THE HONORABLE MARIA R. PEREZ\n UNITED STATES DISTRICT JUDGE\n\n\n\n\n 9\n\fCase 2:23-cv-04104-MRP Document 94-2 Filed 12/19/25 Page 119 of 119\n\n\n\n\n Exhibit A\n\n [List of Persons Excluded from\n the Settlement Class Pursuant to Request]\n\n\n\n\n 10\n\f","ocr_status":1,"date_upload":"2026-07-06T12:48:42.217893-07:00","document_number":"94","attachment_number":2,"pacer_doc_id":"153023439499","is_available":true,"is_free_on_pacer":null,"is_sealed":null,"document_type":2,"description":"Exhibit 1 - Stipulation of Settlement","acms_document_guid":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/485203271/","id":485203271,"tags":[],"absolute_url":"/docket/67911036/94/3/in-re-adapthealth-corp-securities-litigation/","date_created":"2026-07-06T12:48:41.434081-07:00","date_modified":"2026-07-06T12:48:41.434092-07:00","sha1":"","page_count":51,"file_size":416031,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"94","attachment_number":3,"pacer_doc_id":"153023439500","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":2,"description":"Exhibit 2 - [Proposed] Preliminary Approval Order","acms_document_guid":""}],"date_created":"2025-12-19T13:23:58.374313-08:00","date_modified":"2026-01-22T21:33:23.501964-08:00","date_filed":"2025-12-19","time_filed":"15:23:58","entry_number":94,"recap_sequence_number":"2025-12-19.001","pacer_sequence_number":439,"description":"MOTION for Approval [Unopposed Motion for Preliminary Approval of Proposed Settlement and Approval of Notice to the Settlement Class] filed by ALLEGHENY COUNTY EMPLOYEES RETIREMENT SYSTEM,, City of Tallahassee Pension Plan, International Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of Ontario.Memorandum. (Attachments: # 1 Memorandum, # 2 Exhibit 1 - Stipulation of Settlement, # 3 Exhibit 2 - [Proposed] Preliminary Approval Order)(SINDERSON, KATHERINE) (Entered: 12/19/2025)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/447612693/","id":447612693,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/462370090/","id":462370090,"tags":[],"absolute_url":"/docket/67911036/93/in-re-adapthealth-corp-securities-litigation/","date_created":"2025-12-18T07:01:51.409072-08:00","date_modified":"2026-06-23T05:39:01.785266-07:00","sha1":"b2e46980cbc10ae5468f30ea8eb58667838bb86f","page_count":1,"file_size":163716,"filepath_local":"recap/gov.uscourts.paed.614970/gov.uscourts.paed.614970.93.0.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.paed.614970/gov.uscourts.paed.614970.93.0.pdf","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":" Case 2:23-cv-04104-MRP Document 93 Filed 12/18/25 Page 1 of 1\n\n IN THE UNITED STATES DISTRICT COURT FOR THE\n EASTERN DISTRICT OF PENNSYLVANIA\n\n\n\n\n In re AdaptHealth Corp. Securities Litigation : Case Number: ________________\n 2:23-cv-04104-MRP\n :\n :\n :\n :\n :\n\n\n ORDER\n\n AND NOW, this 18th day of December 2025, it is hereby ORDERED that the motion to\n\n practice in this court pursuant to Local Rule of Civil Procedure 83.5.2(b) is\n\n\n\n\n X GRANTED. The Clerk is DIRECTED to add _____________________,\n Allison A. Berkowitch Esquire as counsel for\nDefendants AdaptHealth Corp., Luke McGee, Joshua Parnes,\nStephen P. Griggs, Jason A. Clemens, Frank J. Mullen,\n __________________________________.\nRichard Barasch, Alan Quasha, Terence Connors, ________________\n Allison A. Berkowitch is DIRECTED to request ECF filing access\nDr. Susan Weaver, Dale Wolf, Bradley Coppens,\nand David S. Williams III (the \"AdaptHealth Defendants\")\nusing their PACER Account1.\n\n DENIED.\n\n\n ___________________________________\n HON. MIA ROBERTS PEREZ\n\n\n\n\n1 Instructions to request electronic filing access can be found on this court's website at For Attorneys | Eastern District of Pennsylvania | United States\nDistrict Court (uscourts.gov).\n\f","ocr_status":2,"date_upload":"2026-06-22T23:13:03.361868-07:00","document_number":"93","attachment_number":null,"pacer_doc_id":"153023433440","is_available":true,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order on Motion for Pro Hac Vice (Credit Card Payment)","acms_document_guid":""}],"date_created":"2025-12-18T07:01:51.365876-08:00","date_modified":"2026-01-22T21:33:23.443093-08:00","date_filed":"2025-12-18","time_filed":"09:53:06","entry_number":93,"recap_sequence_number":"2025-12-18.001","pacer_sequence_number":423,"description":"ORDER THAT THE MOTION FOR PRO HAC VICE FOR ALLISON A. BERKOWITCH 92 IS GRANTED.. SIGNED BY DISTRICT JUDGE MIA ROBERTS PEREZ ON 12/18/25.12/18/25 ENTERED AND COPIES E-MAILED.(bw) (Entered: 12/18/2025)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/447544940/","id":447544940,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/462300284/","id":462300284,"tags":[],"absolute_url":"/docket/67911036/92/in-re-adapthealth-corp-securities-litigation/","date_created":"2025-12-17T13:48:45.149502-08:00","date_modified":"2026-01-22T21:33:23.411313-08:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"92","attachment_number":null,"pacer_doc_id":"153023432101","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Pro Hac Vice (Credit Card Payment)","acms_document_guid":""}],"date_created":"2025-12-17T13:48:45.045531-08:00","date_modified":"2026-01-22T21:33:23.376606-08:00","date_filed":"2025-12-17","time_filed":"16:15:26","entry_number":92,"recap_sequence_number":"2025-12-17.001","pacer_sequence_number":421,"description":"MOTION for Pro Hac Vice of Allison A. Berkowitch ( Filing fee $ 75 receipt number APAEDC-18828772.) filed by ADAPTHEALTH CORP., RICHARD BARASCH, JASON A. CLEMENS, TERENCE CONNORS, BRADLEY COPPENS, STEPHEN P. GRIGGS, LUKE MCGEE, FRANK J. MULLEN, JOSHUA PARNES, ALAN QUASHA, SUSAN WEAVER, DAVID S. WILLIAMS, III, DALE WOLF.Certificate of Counsel. (Attachments: # 1 Certificate)(COSTELLO, STEVEN) (Entered: 12/17/2025)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/445046764/","id":445046764,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67911036/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/459729756/","id":459729756,"tags":[],"absolute_url":"/docket/67911036/91/in-re-adapthealth-corp-securities-litigation/","date_created":"2025-11-21T16:07:48.358043-08:00","date_modified":"2026-01-22T21:33:23.347212-08:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"91","attachment_number":null,"pacer_doc_id":"153023365484","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Letter","acms_document_guid":""}],"date_created":"2025-11-21T16:07:48.311265-08:00","date_modified":"2026-01-22T21:33:23.316582-08:00","date_filed":"2025-11-21","time_filed":"18:45:48","entry_number":91,"recap_sequence_number":"2025-11-21.001","pacer_sequence_number":419,"description":"Letter dated November 21, 2025 by ALLEGHENY COUNTY EMPLOYEES RETIREMENT SYSTEM,, City of Tallahassee Pension Plan, International Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of Ontario. 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