Michael Edward Sherman - 03 Jan 2023 Form 4 Insider Report for Ontrak, Inc. (OTRK)

Role
Director
Signature
/s/ Michael Sherman
Issuer symbol
OTRK
Transactions as of
03 Jan 2023
Net transactions value
$0
Form type
4
Filing time
05 Jan 2023, 16:29:09 UTC
Previous filing
18 Jan 2023
Next filing
06 Dec 2023
SEC
View on sec.gov

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 OTRK Option (right to buy) Award $0 +321,345 $0.000000 321,345 03 Jan 2023 Ontrak, Inc. Common Stock 321,345 $0.3600 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were granted to Mr. Sherman for his services as a member of the Company's Board of Directors, Lead Independent Director, and Chairman of the Compensation Committee and the Nominations and Governance Committee.
F2 25% of these options shall vest at the at the end of each quarter beginning January 1, 2023, such that all shares pursuant to the option shall be vested on December 31, 2023. Quarterly vesting of the options will be subject to Mr. Sherman attending board meetings, unless such absence is excused by the Chairman of the Board.