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Exhibit 5

 

  New York
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Washington DC
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DavisPolk

Davis Polk & Wardwell LLP

450 Lexington Avenue
New York, NY 10017

 

212 450 4000 tel

212 701 5800 fax

 

 
 
 
       

April 28, 2021

Privia Health Group, Inc.

950 N. Glebe Rd., Suite 700

Arlington, VA 22203

 

Ladies and Gentlemen:

 

Privia Health Group, Inc., a Delaware corporation (the “Company”), has filed with the Securities and Exchange Commission a Registration Statement on Form S-8 (the “Registration Statement”) for the purpose of registering under the Securities Act of 1933, as amended (the “Securities Act”), (i) 5,411,493 shares of common stock, par value $0.01 per share (the “Common Stock”) issuable pursuant to the Privia Health Group, Inc. 2021 Omnibus Incentive Plan (the “2021 Plan”), (ii) 4,867,088 shares of Common Stock issuable upon the exercise of stock options and the settlement of restricted stock units outstanding under the 2021 Plan (the “2021 Plan Awards”) and (iii) 18,300,959 shares of Common Stock issuable upon the exercise of stock options outstanding under the Second Amended and Restated PH Group Parent Corp. Stock Option Plan (the “Option Plan Awards”).

 

We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.

 

In rendering the opinion expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all signatures on all documents that we reviewed are genuine, (iv) all natural persons executing documents had and have the legal capacity to do so, (v) all statements in certificates of public officials and officers of the Company that we reviewed were and are accurate and (vi) all representations made by the Company as to matters of fact in the documents that we reviewed were and are accurate.

 

On the basis of the foregoing, we are of the opinion that the Common Stock issuable pursuant to the 2021 Plan, the 2021 Plan Awards and the Option Plan Awards have been duly authorized and, when and to the extent issued pursuant thereto upon receipt by the Company of the consideration for the Common Stock specified therein, will be validly issued, fully paid and non-assessable.

 

 

 

We are members of the Bar of the State of New York and the foregoing opinion is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.

 

Very truly yours,

 

/s/ Davis Polk & Wardwell LLP