Norman Roth - 31 Jul 2022 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role: Controller
Signature: /s/ Norman Roth
Issuer symbol: CCLD
Transactions as of: 31 Jul 2022
Net transactions value: -$7,560
Form type: 4
Filing time: 03 Aug 2022, 21:30:38 UTC
Previous filing: 02 Feb 2022
Next filing: 06 Jan 2023
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	+5,000	+7%	$0.000000	76,025	31 Jul 2022	Direct	F1
transaction	CCLD	Common Stock	Tax liability	$7,560	-1,750	-2.3%	$4.32	74,275	31 Jul 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	Options Exercise	$0	-5,000	-42%	$0.000000	7,000	31 Jul 2022	Common Stock	5,000	$0.000000	Direct	F1
transaction	CCLD	Restricted Stock Unit	Award	$0	+10,000	+143%	$0.000000	17,000	02 Aug 2022	Common Stock	10,000	$0.000000	Direct	F3, F4

* 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 July 31, 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. The additional restricted stock units vest on March 1, 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.
F3	Each restricted stock unit represents the right to receive at settlement, one share of common stock.
F4	The restricted stock unit was granted on August 2, 2022 where 5,000 shares vest on January 31, 2023, 2,500 shares vest on April 28, 2023 and 2,500 shares vest on July 31, 2023 upon attainment of certain performance targets.