Kimberly J. Blanche - 28 Feb 2023 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
General Counsel & Secretary
Signature
/s/ Kimberly J. Blanche
Issuer symbol
CCLD
Transactions as of
28 Feb 2023
Net transactions value
-$6,613
Form type
4
Filing time
02 Mar 2023, 20:30:15 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 +5,250 +31% $0.000000 22,150 01 Mar 2023 Direct F2
transaction CCLD Common Stock Tax liability $6,613 -1,837 -8.3% $3.60 20,313 01 Mar 2023 Direct F4

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 +30,217 +252% $0.000000 42,217 28 Feb 2023 Common Stock 30,217 $0.000000 Direct F1
transaction CCLD Restricted Stock Unit Options Exercise $0 -5,250 -12% $0.000000 36,967 01 Mar 2023 Common Stock 5,250 $0.000000 Direct F2
transaction CCLD Restricted Stock Unit Disposed to Issuer $0 -1,750 -4.7% $0.000000 35,217 01 Mar 2023 Common Stock 1,750 $0.000000 Direct F3
* 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 6,417 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 On March 1, 2023, the restricted stock unit was cancelled by mutual agreement of the reporting person and the issuer.
F4 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.