Jason N. Gorevic - 01 Mar 2024 Form 4 Insider Report for Teladoc Health, Inc. (TDOC)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Adam C. Vandervoort, Attorney-in-Fact
Issuer symbol
TDOC
Transactions as of
01 Mar 2024
Net transactions value
-$780,308
Form type
4
Filing time
05 Mar 2024, 16:09:32 UTC
Previous filing
05 Dec 2023
Next filing
20 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDOC Common Stock Options Exercise +21,130 +3.5% 622,864 01 Mar 2024 Direct F1
transaction TDOC Common Stock Options Exercise +2,915 +0.47% 625,779 01 Mar 2024 Direct F1
transaction TDOC Common Stock Options Exercise +5,782 +0.92% 631,561 01 Mar 2024 Direct F1
transaction TDOC Common Stock Options Exercise +5,615 +0.89% 637,176 01 Mar 2024 Direct F2
transaction TDOC Common Stock Options Exercise +62,004 +9.7% 699,180 01 Mar 2024 Direct F2
transaction TDOC Common Stock Options Exercise +7,648 +1.1% 706,828 01 Mar 2024 Direct F2
transaction TDOC Common Stock Sale $780,308 -53,755 -7.6% $14.52 653,073 04 Mar 2024 Direct F3

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 Performance Stock Units Award $0 +63,393 $0.000000 63,393 01 Mar 2024 Common Stock 63,393 Direct F4, F5, F6
transaction TDOC Performance Stock Units Options Exercise $0 -21,130 -33% $0.000000 42,263 01 Mar 2024 Common Stock 21,130 Direct F1, F7
transaction TDOC Performance Stock Units Options Exercise $0 -2,915 -100% $0.000000* 0 01 Mar 2024 Common Stock 2,915 Direct F1, F8
transaction TDOC Performance Stock Units Options Exercise $0 -5,782 -100% $0.000000* 0 01 Mar 2024 Common Stock 5,782 Direct F1, F9
transaction TDOC Restricted Stock Units Options Exercise $0 -5,615 -20% $0.000000 22,460 01 Mar 2024 Common Stock 5,615 Direct F2, F10
transaction TDOC Restricted Stock Units Options Exercise $0 -62,004 -33% $0.000000 124,008 01 Mar 2024 Common Stock 62,004 Direct F2, F11
transaction TDOC Restricted Stock Units Options Exercise $0 -7,648 -100% $0.000000* 0 01 Mar 2024 Common Stock 7,648 Direct F2, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units convert to shares of TDOC common stock on a one-for-one basis.
F2 Restricted stock units convert to shares of TDOC common stock on a one-for-one basis.
F3 Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's performance stock unit and restricted stock unit awards.
F4 Each performance stock unit represents a contingent right to receive one share of TDOC common stock.
F5 Performance award amount determined based on metrics in respect of the issuer's 2023 financial results.
F6 The performance stock units vest as to one-third on March 1, 2024, with the remainder vesting in eight substantially equal quarterly installments thereafter.
F7 On March 1, 2024, the reporting person earned 63,393 performance stock units, vesting one-third on March 1, 2024, with the remainder vesting in eight substantially equal quarterly installments thereafter.
F8 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.
F9 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.
F10 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.
F11 On March 3, 2023, the reporting person was granted 186,012 restricted stock units, vesting one-third on March 1, 2024, with the remainder vesting in eight substantially equal quarterly installments thereafter.
F12 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.