Bill Korn - 06 Oct 2023 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role: Chief Strategy Office/Director, Director
Signature: /s/ Norman Roth, Attorney-in-Fact for Bill Korn
Issuer symbol: CCLD
Transactions as of: 06 Oct 2023
Net transactions value: -$85,192
Form type: 4
Filing time: 11 Oct 2023, 21:30:07 UTC
Previous filing: 24 Mar 2023
Next filing: 05 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCLD	Series B Cum Redeemable Perp Pref Stock [CCLDO]	Options Exercise	$0	+10,000		$0.000000	10,000	06 Oct 2023	Direct	F1
transaction	CCLD	Series B Cum Redeemable Perp Pref Stock [CCLDO]	Tax liability	$85,192	-4,600	-46%	$18.52	5,400	06 Oct 2023	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	-10,000	-100%	$0.000000^*	0	06 Oct 2023	Series B Cumulative Redeemable Perpetual Preferred Stock	10,000	$0.000000	Direct	F1
transaction	CCLD	Restricted Stock Unit	Award	$0	+30,000		$0.000000	30,000	09 Oct 2023	Common Stock	30,000	$0.000000	Direct	F3

* 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 as Chief Strategy Officer of restricted stock units into shares of preferred stock on October 6, 2023. These shares of preferred stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan without payment by the requesting person.
F2	Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the preferred stock. This is not an open market sale of securities.
F3	The restricted stock unit was granted as a member of the Board of Directors on October 9, 2023 and vests in four equal installments on February 1, 2024, August 1, 2024, February 1, 2025 and August 1, 2025.