Balakrishnan Ramesh 4

4 · UpHealth, Inc. · Filed Jul 13, 2022

Form 4

Period: 2022-05-01

Co-Chief Executive Officer

Transactions

Tax Payment
Common Stock
2022-06-09$0.66/sh−1,414,947$940,232→ 7,371,841 total
Award
Common Stock
2022-07-11+100,000→ 7,471,841 total
Award
Common Stock
2022-07-11+120,000→ 7,591,841 total
Tax Payment
Common Stock
2022-05-01$0.76/sh−44,795$34,161→ 8,786,788 total
Award
Performance-Based Restricted Stock Unit
2022-07-11+100,000→ 100,000 total
Exercise: $0.00→ Common Stock (100,000 underlying)

Holdings

Footnotes (5)

[F1]Includes Restricted Stock Units ("Prior RSUs") of UpHealth, Inc. (the "Company"), that are subject to vesting pursuant to previously disclosed vesting schedules.
[F2]The Company may withhold shares of stock subject to the Prior RSUs at the time of vesting for the purposes of satisfying any tax withholding obligations which arise in connection with the vesting of such Prior RSUs issued to Reporting Person.
[F3]Subject to the Reporting Person's continued service to the Company, 1/3 of the Restricted Stock Unit ("RSUs") shall vest on May 1, 2023 (the "Initial Vesting Date"), and the remaining 2/3 of the RSUs shall vest quarterly on each of three month anniversary following the Initial Vesting Date until fully vested.
[F4]Subject to the Reporting Person's continued service to the Company, 50% of the RSU shall vest on August 22, 2022 and the remaining 50% will shall vest on June 1, 2023.
[F5]Each performance-based RSU represents the right to receive, following vesting, one share of the Company's common stock ("Common Stock"). The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Board of Directors on an annual basis over three one-year performance periods beginning on the first day of the fiscal year of 2022 and ending on the last day of the fiscal year of 2024.

Documents

1 file