N. Daly - Aug 2, 2022 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
Director
Signature
/s/ Norman Roth Attorney-In-Fact for John Daly
Stock symbol
CCLD
Transactions as of
Aug 2, 2022
Transactions value $
$0
Form type
4
Date filed
8/3/2022, 09:30 PM
Previous filing
Jun 30, 2022
Next filing
Aug 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLD Common Stock Options Exercise $0 +2.75K +8.73% $0.00 34.3K Aug 3, 2022 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 CCLD Restricted Stock Unit Award $0 +20K +195.12% $0.00 30.3K Aug 2, 2022 Common Stock 20K $0.00 Direct F1, F2
transaction CCLD Restricted Stock Unit Options Exercise $0 -2.75K -9.09% $0.00 27.5K Aug 3, 2022 Common Stock 2.75K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2 The restricted stock unit grant was approved on August 2, 2022 and vests in four equal installments on February 2, 2023, August 2, 2023, February 2, 2024 and August 2, 2024.
F3 Represents the conversion upon vesting of restricted stock units into common stock on August 3, 2022. 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.
F4 The remainder of these restricted stock units vest between August 2022 and August 2024.