Michael Willem Waters - 01 Mar 2024 Form 4 Insider Report for Teladoc Health, Inc. (TDOC)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Adam C. Vandervoort, Attorney-in-Fact
Issuer symbol: TDOC
Transactions as of: 01 Mar 2024
Net transactions value: -$180,985
Form type: 4
Filing time: 05 Mar 2024, 16:10:57 UTC
Previous filing: 02 Feb 2024
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		+8,452	+22%		47,022	01 Mar 2024	Direct	F1
transaction	TDOC	Common Stock	Options Exercise		+24,801	+53%		71,823	01 Mar 2024	Direct	F2
transaction	TDOC	Common Stock	Sale	$180,985	-12,468	-17%	$14.52	59,355	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	+25,357		$0.000000	25,357	01 Mar 2024	Common Stock	25,357		Direct	F4, F5, F6
transaction	TDOC	Performance Stock Units	Options Exercise	$0	-8,452	-33%	$0.000000	16,905	01 Mar 2024	Common Stock	8,452		Direct	F1, F7
transaction	TDOC	Restricted Stock Units	Options Exercise	$0	-24,801	-33%	$0.000000	49,604	01 Mar 2024	Common Stock	24,801		Direct	F2, F8

* 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 25,357 performance stock units, vesting one-third on March 1, 2024, with the remainder vesting in eight substantially equal quarterly installments thereafter.
F8	On March 3, 2023, the reporting person was granted 74,405 restricted stock units, vesting one-third on March 1, 2024, with the remainder vesting in eight substantially equal quarterly installments thereafter.