Thyagarajan Ramachandran - 20 Mar 2023 Form 4 Insider Report for Healthcare Triangle, Inc. (HCTI)

Role: Chief Financial Officer
Signature: /s/ Thyagarajan Ramachandran
Issuer symbol: HCTI
Transactions as of: 20 Mar 2023
Net transactions value: +$19,000
Form type: 4
Filing time: 21 Mar 2023, 09:13:13 UTC
Previous filing: 14 Nov 2022
Next filing: 02 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HCTI	Common Stock	Disposed to Issuer	$19,000	+100,000		$0.1900	100,000	15 Nov 2022	Direct	F1

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)						75,000	20 Mar 2023	Common Stock	75,000	$0.4000	Direct	F2
holding	HCTI	Incentive Stock Option (right to buy)						75,000	20 Mar 2023	Common Stock	175,000	$0.1900	Direct	F3
holding	HCTI	Incentive Stock Option (right to buy)						250,000	20 Mar 2023	Common Stock	250,000	$0.3300	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were acquired by the reporting individual under the issuer's 2020 Plan in a transaction exempt under Rule 16b-3(c).
F2	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.
F3	Incentive stock option granted 11/09/2022 under the Company's 2020 Plan. All options expire within a 5-year period, with 100,000 options vesting immediately and another 75,000 vesting equally over the next 12 months of issuance herein, i.e. 6,250 options, every month.
F4	Incentive stock option granted 03/20/2023 under the Company's 2020 Plan. All options expire within a 5-year period, with all 250,000 options vesting equally over the next 36 months of the issuance herein, i.e., 6,945 options, every month.