Richard P. Newman - 10 Sep 2024 Form 4 Insider Report for Ontrak, Inc. (OTRK)

Role
Chief Operating Officer
Signature
/s/Richard P. Newman
Issuer symbol
OTRK
Transactions as of
10 Sep 2024
Net transactions value
$0
Form type
4
Filing time
12 Sep 2024, 20:47:35 UTC
Previous filing
22 Aug 2024
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 +2,500,000 $0.000000 2,500,000 10 Sep 2024 Ontrak, Inc. Common Stock 2,500,000 $0.2310 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 approved by the issuer's board of directors on June 12, 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.