Mahmud Ul Haq - Feb 19, 2022 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Norman Roth, Attorney-in-Fact for Mahmud Ul Haq
Stock symbol
CCLD
Transactions as of
Feb 19, 2022
Transactions value $
-$140,760
Form type
4
Date filed
2/22/2022, 08:30 PM
Previous filing
Sep 24, 2021
Next filing
Mar 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLD Series A Cum Redeemable Perp Pref Stock [MTBCP] Options Exercise $0 +12K $0.00 12K Feb 19, 2022 Direct F1
transaction CCLD Series A Cum Redeemable Perp Pref Stock [MTBCP] Tax liability -$141K -5.52K -46% $25.50 6.48K Feb 19, 2022 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 Disposed to Issuer $0 -12K -100% $0.00* 0 Feb 19, 2022 Series A Cumulative Redeemable Perpetual Preferred Stock 12K $0.00 Direct F1
transaction CCLD Restricted Stock Unit Award $0 +12K $0.00 12K Feb 19, 2022 Series B Cumulative Redeemable Perpetual Preferred Stock 12K $0.00 Direct F3
* 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 shares of preferred stock on February 19, 2022. These shares of preferred stock were issued upon vesting of such units granted under the Company's Amended and Restated Equity Incentive Plan on January 29, 2021, without payment by the requesting person.
F2 Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the preferred stock. This is not an open market sale of securities.
F3 The restricted stock unit was granted on February 19, 2022 and vests in early 2023 upon attainment of certain performance targets.