Jason N. Gorevic - Mar 1, 2024 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, 2024
Transactions value $
-$780,308
Form type
4
Date filed
3/5/2024, 04:09 PM
Previous filing
Dec 5, 2023
Next filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDOC Common Stock Options Exercise +21.1K +3.51% 623K Mar 1, 2024 Direct F1
transaction TDOC Common Stock Options Exercise +2.92K +0.47% 626K Mar 1, 2024 Direct F1
transaction TDOC Common Stock Options Exercise +5.78K +0.92% 632K Mar 1, 2024 Direct F1
transaction TDOC Common Stock Options Exercise +5.62K +0.89% 637K Mar 1, 2024 Direct F2
transaction TDOC Common Stock Options Exercise +62K +9.73% 699K Mar 1, 2024 Direct F2
transaction TDOC Common Stock Options Exercise +7.65K +1.09% 707K Mar 1, 2024 Direct F2
transaction TDOC Common Stock Sale -$780K -53.8K -7.61% $14.52 653K Mar 4, 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 +63.4K $0.00 63.4K Mar 1, 2024 Common Stock 63.4K Direct F4, F5, F6
transaction TDOC Performance Stock Units Options Exercise $0 -21.1K -33.33% $0.00 42.3K Mar 1, 2024 Common Stock 21.1K Direct F1, F7
transaction TDOC Performance Stock Units Options Exercise $0 -2.92K -100% $0.00* 0 Mar 1, 2024 Common Stock 2.92K Direct F1, F8
transaction TDOC Performance Stock Units Options Exercise $0 -5.78K -100% $0.00* 0 Mar 1, 2024 Common Stock 5.78K Direct F1, F9
transaction TDOC Restricted Stock Units Options Exercise $0 -5.62K -20% $0.00 22.5K Mar 1, 2024 Common Stock 5.62K Direct F2, F10
transaction TDOC Restricted Stock Units Options Exercise $0 -62K -33.33% $0.00 124K Mar 1, 2024 Common Stock 62K Direct F2, F11
transaction TDOC Restricted Stock Units Options Exercise $0 -7.65K -100% $0.00* 0 Mar 1, 2024 Common Stock 7.65K 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.