Samuel Meckey - Jan 9, 2023 Form 4 Insider Report for UpHealth, Inc. (UPH)

Role
Chief Executive Officer, Director
Signature
/s/ Samuel Meckey
Stock symbol
UPH
Transactions as of
Jan 9, 2023
Transactions value $
$0
Form type
4
Date filed
1/11/2023, 05:09 PM
Previous filing
Jul 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPH Common Stock Award $0 +430K $0.00 430K Jan 9, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSUs") represents the right to receive, following vesting, one share of the Company's common stock. Subject to the Reporting Person's continued service to Issuer, 25% of the RSUs shall vest on June 1, 2023 (the "Initial Vesting Date"), and the remaining 75% of the RSUs shall vest in equal quarterly installments on each subsequent August 1, November 1, February 1 and June 1 over the three years following the Initial Vesting Date, such that the RSUs will be 100% vested on June 1, 2026.
F2 In the event that the Reporting Person's employment is terminated without Cause, or for Good Reason or in the event of the Reporting Person's death or Complete Disability (each, as defined in the Reporting Person's employment agreement), any unvested portion of the RSUs shall become immediately vested.
F3 The Company may withhold shares of stock subject to the RSUs at the time of vesting for the purposes of satisfying any tax withholding obligations which arise in connection with the vesting of such RSUs issued to Reporting Person.