Sherman Michael Edward 4

4 · Ontrak, Inc. · Filed Aug 31, 2022

Form 4

Period: 2022-08-29

Director

Transactions

Disposition to Issuer
Option (right to buy)
2022-08-29−61,040→ 0 total
Exercise: $7.50Exp: 2022-12-19→ Ontrak, Inc. Common Stock (61,040 underlying)
Award
Option (right to buy)
2022-08-29+56,299→ 56,299 total
Exercise: $0.65Exp: 2027-01-03→ Ontrak, Inc. Common Stock (56,299 underlying)
Award
Option (right to buy)
2022-08-29+5,010→ 5,010 total
Exercise: $0.65Exp: 2026-02-11→ Ontrak, Inc. Common Stock (5,010 underlying)
Disposition to Issuer
Option (right to buy)
2022-08-29−5,010→ 0 total
Exercise: $86.57Exp: 2026-02-11→ Ontrak, Inc. Common Stock (5,010 underlying)
Award
Option (right to buy)
2022-08-29+16,630→ 16,630 total
Exercise: $0.65Exp: 2025-02-12→ Ontrak, Inc. Common Stock (16,630 underlying)
Disposition to Issuer
Option (right to buy)
2022-08-29−56,299→ 0 total
Exercise: $8.72Exp: 2027-01-03→ Ontrak, Inc. Common Stock (56,299 underlying)
Disposition to Issuer
Option (right to buy)
2022-08-29−16,630→ 0 total
Exercise: $16.01Exp: 2025-02-12→ Ontrak, Inc. Common Stock (16,630 underlying)
Disposition to Issuer
Option (right to buy)
2022-08-29−37,794→ 0 total
Exercise: $7.50Exp: 2022-12-19→ Ontrak, Inc. Common Stock (37,794 underlying)
Award
Option (right to buy)
2022-08-29+61,040→ 61,040 total
Exercise: $0.65Exp: 2027-12-19→ Ontrak, Inc. Common Stock (61,040 underlying)
Award
Option (right to buy)
2022-08-29+37,794→ 37,794 total
Exercise: $0.65Exp: 2027-12-19→ Ontrak, Inc. Common Stock (37,794 underlying)

Footnotes (3)

[F1]At the 2022 Annual Meeting of Stockholders (the "2022 Annual Meeting") of Ontrak, Inc. (the "Company") held on August 29, 2022, the Company's stockholders approved a director retention plan (the "Director Retention Plan"). Under the terms of the Director Retention Plan, all stock options previously granted to the reporting person were repriced (collectively, the "Repriced Options"), to the extent the Repriced Options were vested as of the 2022 Annual Meeting, such portion of the Repriced Options became entirely unvested as of the 2022 Annual Meeting, and 100% of all the Repriced Options will vest on the earlier of the 2023 Annual Meeting of Stockholders of the Company or one year from the date of the 2022 Annual Meeting, subject to the reporting person's continued service on the Board of Directors of the Company. Vesting accelerates upon a change in control of the Company or the reporting person being removed from serving as a member of the board of directors by Company stockholders ot
[F2]The reporting person agreed to the repricing of all the Repriced Options.
[F3]In accordance with the Director Retention Plan, the expiration date of this Repriced Option was extended to December 19, 2027.

Documents

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