Berman Richard A - 29 Aug 2022 Form 4 Insider Report for Ontrak, Inc. (OTRK)

Role
Director
Signature
/s/ Richard A. Berman
Issuer symbol
OTRK
Transactions as of
29 Aug 2022
Net transactions value
$0
Form type
4
Filing time
31 Aug 2022, 21:49:00 UTC
Previous filing
05 Jan 2022
Next filing
05 Jan 2023
SEC
View on sec.gov

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 OTRK Option (right to buy) Award +41,667 41,667 29 Aug 2022 Ontrak, Inc. Common Stock 41,667 $0.6511 Direct F1, F2
transaction OTRK Option (right to buy) Disposed to Issuer -41,667 -100% 0 29 Aug 2022 Ontrak, Inc. Common Stock 41,667 $13.20 Direct F1, F2
transaction OTRK Option (right to buy) Award +66,927 66,927 29 Aug 2022 Ontrak, Inc. Common Stock 66,927 $0.6511 Direct F1, F2, F3
transaction OTRK Option (right to buy) Disposed to Issuer -66,927 -100% 0 29 Aug 2022 Ontrak, Inc. Common Stock 66,627 $7.50 Direct F1, F2
transaction OTRK Option (right to buy) Award +41,438 41,438 29 Aug 2022 Ontrak, Inc. Common Stock 41,438 $0.6511 Direct F1, F2, F3
transaction OTRK Option (right to buy) Disposed to Issuer -41,438 -100% 0 29 Aug 2022 Ontrak, Inc. Common Stock 41,438 $7.50 Direct F1, F2
transaction OTRK Option (right to buy) Award +16,094 16,094 29 Aug 2022 Ontrak, Inc. Common Stock 16,094 $0.6511 Direct F1, F2
transaction OTRK Option (right to buy) Disposed to Issuer -16,094 -100% 0 29 Aug 2022 Ontrak, Inc. Common Stock 16,094 $16.01 Direct F1, F2
transaction OTRK Option (right to buy) Award +4,882 4,882 29 Aug 2022 Ontrak, Inc Common Stock 4,882 $0.6511 Direct F1, F2
transaction OTRK Option (right to buy) Disposed to Issuer -4,882 -100% 0 29 Aug 2022 Ontrak, Inc. Common Stock 4,882 $86.57 Direct F1, F2
transaction OTRK Option (right to buy) Award +54,856 54,856 29 Aug 2022 Ontrak, Inc. Common Stock 54,856 $0.6511 Direct F1, F2
transaction OTRK Option (right to buy) Disposed to Issuer -54,856 -100% 0 29 Aug 2022 Ontrak, Inc. Common Stock 54,856 $8.72 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 At the 2022 Annual Meeting of Stockholders (the "2022 Annual Meeting") of Ontrak, Inc. (the "Company") held on August 29, 2022, the Company's stockholders approved a director retention plan (the "Director Retention Plan"). Under the terms of the Director Retention Plan, all stock options previously granted to the reporting person were repriced (collectively, the "Repriced Options"), to the extent the Repriced Options were vested as of the 2022 Annual Meeting, such portion of the Repriced Options became entirely unvested as of the 2022 Annual Meeting, and 100% of all the Repriced Options will vest on the earlier of the 2023 Annual Meeting of Stockholders of the Company or one year from the date of the 2022 Annual Meeting, subject to the reporting person's continued service on the Board of Directors of the Company. Vesting accelerates upon a change in control of the Company or the reporting person being removed from serving as a member of the board of directors by Company stockholders ot
F2 The reporting person agreed to the repricing of all the Repriced Options.
F3 In accordance with the Director Retention Plan, the expiration date of this Repriced Option was extended to December 19, 2027.