Suresh Venkatachari - Nov 9, 2022 Form 4/A - Amendment Insider Report for Healthcare Triangle, Inc. (HCTI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Suresh Venkatachari
Stock symbol
HCTI
Transactions as of
Nov 9, 2022
Transactions value $
$7,650,750
Form type
4/A - Amendment
Date filed
11/14/2022, 04:27 PM
Date Of Original Report
Nov 14, 2022
Previous filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HCTI Common Stock Award $750 +750K $0.00* 750K Apr 27, 2020 Direct F1
transaction HCTI Common Stock Award $7.65M +25.5M $0.30 25.5M Apr 27, 2020 Note F1, F2
transaction HCTI Super Voting Preferred Stock Award $0 +6K $0.00 6K Jul 12, 2021 Direct

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
holding HCTI Incentive Stock Option (right to buy) 150K Nov 9, 2022 Common Stock 150K $0.40 Direct F3
holding HCTI Incentive Stock Option (right to buy) 250K Nov 9, 2022 Common Stock 250K $0.40 Direct F4
holding HCTI Stock Option (Right To Buy) 350K Nov 9, 2022 Common Stock 250K $0.19 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4 filed on November 14, 2022 is amended by this Form 4 amendment to correctly reflect the date of acquisition(s) of the reporting person' ownership of Company's Common Stock, which inadvertently mentioned the date of acquisition as May 08, 2020 (for row 2) and July 12, 2021 (for row 1), instead of the original April 27, 2020. No other changes have been made to the original Form 4.
F2 Consists of 25,500,000 shares of Common Stock owned directly by SecureKloud Technologies, Inc., a Nevada corporation ("SKT"), and thus owned indirectly by Mr. Venkatachari due to his voting control over HCTI Common Stock through his position as a director and the Chief Executive Officer and the beneficial owner of 37% of the voting securities of SKT, and his position as a director and the Chief Executive Officer of SecureKloud Technologies, Ltd., a publicly traded company in India, that is the 65.2% owner of SKT.
F3 Incentive stock option granted on January 1, 2021 of which 25% vested on December 31, 2021, the remaining balance of which vests monthly over 36 months.
F4 Granted pursuant to Mr. Venkatachari's employment agreement dated July 12, 2021 and filed as Exhibit 10.13 to Pre-Effective Amendment No. 4 to the Registration Statement on Form S-1 by Healthcare Triangle, Inc. (File No. 333-259180) on October 8, 2021.
F5 Incentive stock option granted 11/09/2022 under the Company's 2020 Plan. The options vested immediately, and are for a 5-year period.