Brandon H. LaVerne - May 19, 2023 Form 4 Insider Report for Ontrak, Inc. (OTRK)

Role
Interim CEO, COO
Signature
/s/ Brandon LaVerne
Stock symbol
OTRK
Transactions as of
May 19, 2023
Transactions value $
$0
Form type
4
Date filed
5/24/2023, 06:10 AM
Previous filing
May 15, 2023
Next filing
Sep 12, 2024

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 +150K 150K May 19, 2023 Common Stock 150K $0.41 Direct F1, F2
transaction OTRK Option (right to buy) Disposed to Issuer -150K -100% 0 May 19, 2023 Common Stock 150K $1.74 Direct F1, F2
transaction OTRK Option (right to buy) Award +37K 37K May 19, 2023 Common Stock 37K $0.41 Direct F2, F3
transaction OTRK Option (right to buy) Disposed to Issuer -37K -100% 0 May 19, 2023 Common Stock 37K $1.73 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 50,000 of these shares vested on March 25, 2021 and the remaining shares vest equally over the following 24 months, such that all shares shall be vested on March 25, 2023. There was no change to the vesting schedule in connection with the repricing transaction on May 19, 2023.
F2 The reporting person agreed to the repricing of options originally granted to him on March 25, 2020 and April 12, 2022.
F3 9,250 of these shares vested on April 12, 2023 and the remaining shares vest equally each quarter thereafter over the following three years, such that all shares shall be vested on April 12, 2026. There was no change to the vesting schedule in connection with the repricing transaction on May 19, 2023.