Kimberly J. Blanche - Jul 31, 2022 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
General Counsel & Secretary
Signature
/s/ Kimberly J. Blanche
Stock symbol
CCLD
Transactions as of
Jul 31, 2022
Transactions value $
-$7,560
Form type
4
Date filed
8/3/2022, 09:30 PM
Previous filing
Feb 2, 2022
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLD Common Stock Options Exercise $0 +5K +41.58% $0.00 17K Jul 31, 2022 Direct F1
transaction CCLD Common Stock Tax liability -$7.56K -1.75K -10.28% $4.32 15.3K Jul 31, 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 -5K -41.67% $0.00 7K Jul 31, 2022 Common Stock 5K $0.00 Direct F1
transaction CCLD Restricted Stock Unit Award $0 +10K +142.86% $0.00 17K Aug 2, 2022 Common Stock 10K $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 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.