Mahmud Ul Haq - Dec 16, 2024 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Norman Roth, Attorney-in-Fact for Mahmud Ul Haq
Stock symbol
CCLD
Transactions as of
Dec 16, 2024
Transactions value $
-$101,016
Form type
4
Date filed
12/18/2024, 09:30 PM
Previous filing
Mar 21, 2024

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 +12K +218.98% $0.00 17.5K Dec 16, 2024 Direct F1
transaction CCLD Series B Cum Redeemable Perp Pref Stock [CCLDO] Tax liability -$101K -5.52K -31.58% $18.30 12K Dec 16, 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 -12K -100% $0.00 0 Dec 16, 2024 Series B Cumulative Redeemable Perpetual Preferred Stock 12K $0.00 Direct F1
* 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 shares of preferred stock on December 16, 2024. 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.