Bill Korn - 23 Sep 2021 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role: Chief Financial Officer
Signature: /s/ Norman Roth, Attorney-in-Fact for Bill Korn
Issuer symbol: CCLD
Transactions as of: 23 Sep 2021
Net transactions value: -$27,669
Form type: 4
Filing time: 24 Sep 2021, 21:30:28 UTC
Previous filing: 14 Jun 2021
Next filing: 22 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCLD	Common Stock	Options Exercise	$0	+7,500	+5.5%	$0.000000	142,833	23 Sep 2021	Direct	F1
transaction	CCLD	Common Stock	Tax liability	$27,669	-3,450	-2.4%	$8.02	139,383	23 Sep 2021	Direct	F2

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	CCLD	Restricted stock unit	Options Exercise	$0	-7,500	-25%	$0.000000	22,500	23 Sep 2021	Common Stock	7,500	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion upon vesting of restricted stock units into common stock on September 23, 2021. These restricted stock units and the shares of common stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person. The remainder of this restricted stock unit grant vests between March 2022 and March 2023.
F2	Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the common stock. This is not an open market sale of securities.

Content

Represents the conversion upon vesting of restricted stock units into common stock on September 23, 2021. These restricted stock units and the shares of common stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person. The remainder of this restricted stock unit grant vests between March 2022 and March 2023.

Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the common stock. This is not an open market sale of securities.