Kimberly J. Blanche - Jan 31, 2023 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
General Counsel & Secretary
Signature
/s/ Kimberly J. Blanche
Stock symbol
CCLD
Transactions as of
Jan 31, 2023
Transactions value $
-$3,150
Form type
4
Date filed
2/2/2023, 08:30 PM
Previous filing
Jan 6, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLD Common Stock Options Exercise $0 +2.5K +16.37% $0.00 17.8K Jan 31, 2023 Direct F1
transaction CCLD Common Stock Tax liability -$3.15K -875 -4.92% $3.60 16.9K Jan 31, 2023 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 Options Exercise $0 -2.5K -14.71% $0.00 14.5K Jan 31, 2023 Common Stock 2.5K $0.00 Direct F1
transaction CCLD Restricted Stock Unit Disposed to Issuer $0 -2.5K -17.24% $0.00 12K Jan 31, 2023 Common Stock 2.5K $0.00 Direct F1, F2
* 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 January 31, 2023. 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 between April and July 2023. The additional restricted stock unit vests in March 2023.
F2 On January 31, 2023, the restricted stock unit was cancelled by mutual agreement of the reporting person and the issuer.
F3 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.