Nathalie Grey Garcia - 15 Feb 2024 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Signature
/s/ Nathalie Grey Garcia
Issuer symbol
CCLD
Transactions as of
15 Feb 2024
Net transactions value
-$1,758
Form type
4
Filing time
16 Feb 2024, 21:30:47 UTC
Previous filing
03 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLD Common Stock Options Exercise $0 +4,278 +55% $0.000000 12,091 15 Feb 2024 Direct F1
transaction CCLD Common Stock Tax liability $1,758 -1,283 -11% $1.37 10,808 15 Feb 2024 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 -4,278 -64% $0.000000 2,450 15 Feb 2024 Common Stock 4,278 $0.000000 Direct F1
transaction CCLD Restricted Stock Unit Disposed to Issuer $0 -2,450 -100% $0.000000* 0 15 Feb 2024 Common Stock 2,450 $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 of restricted stock units into common stock on February 15, 2024. 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 remaining restricted stock units vest in March 2024.
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.
F3 On February 15, 2024 it was determined that these restricted stock units would not vest and are forfeited.