Lawrence J. Steenvoorden - Aug 10, 2023 Form 4 Insider Report for CareCloud, Inc. (CCLD)

Role
Chief Financial Officer
Signature
/s/ Lawrence J. Steenvoorden
Stock symbol
CCLD
Transactions as of
Aug 10, 2023
Transactions value $
-$12,985
Form type
4
Date filed
8/11/2023, 09:30 PM
Previous filing
Jul 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLD Common Stock Options Exercise $0 +17.1K $0.00 17.1K Aug 10, 2023 Direct F1
transaction CCLD Common Stock Tax liability -$13K -5.98K -35% $2.17 11.1K Aug 10, 2023 Direct F2

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 CCLD Restricted Stock Unit Options Exercise $0 -17.1K -21.74% $0.00 61.5K Aug 10, 2023 Common Stock 17.1K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted stock units into common stock on August 10, 2023. These restricted stock units and the shares of common stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person. The remaining restricted stock units vest between July 2024 and July 2026.
F2 Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the common stock. This is not an open market sale of securities.