Norman Roth - 28 Feb 2023 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role: Controller
Signature: /s/ Norman Roth
Issuer symbol: CCLD
Transactions as of: 28 Feb 2023
Net transactions value: -$8,820
Form type: 4
Filing time: 02 Mar 2023, 20:30:13 UTC
Previous filing: 02 Feb 2023
Next filing: 28 Apr 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	+7,000	+9%	$0.000000	84,525	01 Mar 2023	Direct	F2
transaction	CCLD	Common Stock	Tax liability	$8,820	-2,450	-2.9%	$3.60	82,075	01 Mar 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	Award	$0	+30,800	+257%	$0.000000	42,800	28 Feb 2023	Common Stock	30,800	$0.000000	Direct	F1
transaction	CCLD	Restricted Stock Unit	Options Exercise	$0	-7,000	-16%	$0.000000	35,800	01 Mar 2023	Common Stock	7,000	$0.000000	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock unit was granted on February 28, 2023, of which 7,000 vest on July 31, 2023, 7,000 vest on January 31, 2024, 9,800 vest on March 1, 2024, 3,500 vest on April 30, 2024 and 3,500 vest on July 31, 2024.
F2	Represents the conversion upon vesting of restricted stock units into common stock on March 1, 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 between July 2023 and July 2024.
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.