Bill Korn - Sep 23, 2022 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
Chief Financial Officer
Signature
/s/ Norman Roth, Attorney-in-Fact for Bill Korn
Stock symbol
CCLD
Transactions as of
Sep 23, 2022
Transactions value $
-$15,249
Form type
4
Date filed
9/23/2022, 09:30 PM
Previous filing
Aug 12, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLD Common Stock Options Exercise $0 +7.5K +5.23% $0.00 151K Sep 23, 2022 Direct F1
transaction CCLD Common Stock Tax liability -$15.2K -3.45K -2.29% $4.42 147K Sep 23, 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 -7.5K -50% $0.00 7.5K Sep 23, 2022 Common Stock 7.5K $0.00 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, 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 remainder of this restricted stock unit grant vests in 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.