Jason N. Gorevic - Mar 1, 2023 Form 4 Insider Report for Teladoc Health, Inc. (TDOC)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Adam C. Vandervoort, Attorney-in-Fact
Stock symbol
TDOC
Transactions as of
Mar 1, 2023
Transactions value $
-$209,541
Form type
4
Date filed
3/3/2023, 03:16 PM
Previous filing
Aug 3, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDOC Common Stock Options Exercise +22.5K +3.96% 589K Mar 1, 2023 Direct F1, F2
transaction TDOC Common Stock Sale -$210K -8.26K -1.4% $25.36 581K Mar 2, 2023 Direct F3
transaction TDOC Common Stock Options Exercise +9.1K +1.57% 590K Mar 2, 2023 Direct F1
transaction TDOC Common Stock Options Exercise +15.5K +2.62% 605K Mar 2, 2023 Direct F4
transaction TDOC Common Stock Options Exercise +3.89K +0.64% 609K Mar 2, 2023 Direct F4
transaction TDOC Common Stock Options Exercise +7.65K +1.26% 617K Mar 2, 2023 Direct F1
transaction TDOC Common Stock Options Exercise +5.78K +0.94% 623K Mar 2, 2023 Direct F4
transaction TDOC Common Stock Options Exercise +2.91K +0.47% 625K Mar 2, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TDOC Restricted Stock Units Options Exercise $0 -22.5K -33.33% $0.00 44.9K Mar 1, 2023 Common Stock 22.5K Direct F1, F5
transaction TDOC Restricted Stock Units Options Exercise $0 -9.1K -100% $0.00* 0 Mar 2, 2023 Common Stock 9.1K Direct F1, F6
transaction TDOC Performance Stock Units Options Exercise $0 -15.5K -100% $0.00* 0 Mar 2, 2023 Common Stock 15.5K Direct F4, F7
transaction TDOC Performance Stock Units Options Exercise $0 -3.89K -100% $0.00* 0 Mar 2, 2023 Common Stock 3.89K Direct F4, F8
transaction TDOC Restricted Stock Units Options Exercise $0 -7.65K -50% $0.00 7.65K Mar 2, 2023 Common Stock 7.65K Direct F1, F9
transaction TDOC Performance Stock Units Options Exercise $0 -5.78K -50% $0.00 5.78K Mar 2, 2023 Common Stock 5.78K Direct F4, F10
transaction TDOC Performance Stock Units Award $0 +5.83K $0.00 5.83K Mar 2, 2023 Common Stock 5.83K Direct F11, F12, F13
transaction TDOC Performance Stock Units Options Exercise $0 -2.91K -49.98% $0.00 2.92K Mar 2, 2023 Common Stock 2.91K Direct F4, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert to shares of TDOC common stock on a one-for-one basis.
F2 On March 19, 2021, the reporting person contributed 50,000 shares of TDOC common stock to the Jason N. Gorevic Grantor Retained Annuity Trust for the benefit of himself. Upon termination of the trust on June 6, 2022, 50,000 shares were previously distributed to the reporting person and continue to be reported in this Form 4 as directly owned.
F3 Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's restricted stock unit awards.
F4 Performance stock units convert to shares of TDOC common stock on a one-for-one basis.
F5 On March 1, 2022, the reporting person was granted 67,376 restricted stock units, vesting one-third on the first anniversary of the grant date, with the remainder vesting in eight substantially equal quarterly installments thereafter.
F6 On March 2, 2020, the reporting person was granted 27,311 restricted stock units, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
F7 On March 2, 2021, the reporting person earned 46,430 performance stock units, vesting in three substantially equal annual installments beginning on March 2, 2021
F8 On March 2, 2022, the reporting person earned 7,784 performance stock units, vesting in two substantially equal annual installments beginning on March 2, 2022.
F9 On March 2, 2021, the reporting person was granted 22,944 restricted stock units, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
F10 On March 2, 2022, the reporting person earned 17,346 performance stock units, vesting in three substantially equal annual installments beginning on March 2, 2022.
F11 Each performance stock unit represents a contingent right to receive one share of TDOC common stock.
F12 Performance award amount determined based on metrics in respect of the issuer's financial results over a two-year performance period ending in 2022.
F13 The performance stock units vest in two substantially equal annual installments beginning on March 2, 2023.
F14 On March 2, 2023, the reporting person earned 5,828 performance stock units, vesting in two substantially equal annual installments beginning on March 2, 2023.