Brandon H. LaVerne - Sep 10, 2024 Form 4 Insider Report for Ontrak, Inc. (OTRK)

Role
Chief Executive Officer
Signature
/s/Brandon H. LaVerne
Stock symbol
OTRK
Transactions as of
Sep 10, 2024
Transactions value $
$0
Form type
4
Date filed
9/12/2024, 08:30 PM
Previous filing
May 24, 2023

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 +7M $0.00 7M Sep 10, 2024 Ontrak, Inc. Common Stock 7M $0.22 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option was granted by the compensation committee of the issuer's board of directors on June 21, 2024, subject to stockholder approval of the stock incentive plan under which the option was granted. Such stockholder approval was obtained on September 10, 2024.
F2 50% of the shares subject to this option vest on the one year anniversary of the grant date and the balance of the shares vest in six equal installments every six months thereafter over the next three years, in each case, subject to the reporting person's continuous service to the issuer through the applicable vesting date.