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

Role
Interim CEO, COO
Signature
/s/ Brandon LaVerne
Issuer symbol
OTRK
Transactions as of
19 May 2023
Net transactions value
$0
Form type
4
Filing time
24 May 2023, 06:10:52 UTC
Previous filing
15 May 2023
Next filing
12 Sep 2024
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 +150,000 150,000 19 May 2023 Common Stock 150,000 $0.4100 Direct F1, F2
transaction OTRK Option (right to buy) Disposed to Issuer -150,000 -100% 0 19 May 2023 Common Stock 150,000 $1.74 Direct F1, F2
transaction OTRK Option (right to buy) Award +37,000 37,000 19 May 2023 Common Stock 37,000 $0.4100 Direct F2, F3
transaction OTRK Option (right to buy) Disposed to Issuer -37,000 -100% 0 19 May 2023 Common Stock 37,000 $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.