Chaudhry A Hadi 4
4 · CareCloud, Inc. · Filed Feb 24, 2023
Insider Transaction Report
Form 4
CareCloud, Inc.CCLD
Chaudhry A Hadi
President
Transactions
- Exercise/Conversion
Series B Cum Redeemable Perp Preferred Stock [CCLDO]
2023-02-22+12,000→ 12,000 total - Tax Payment
Series B Cum Redeemable Perp Preferred Stock [CCLDO]
2023-02-22$25.08/sh−5,520$138,442→ 6,480 total - Disposition to Issuer
Restricted Stock Unit
2023-02-22−12,000→ 0 totalExercise: $0.00→ Series B Cumulative Redeemable Perpetual Preferred Stock (12,000 underlying) - Award
Restricted Stock Unit
2023-02-22+12,000→ 12,000 totalExercise: $0.00→ Series B Cumulative Redeemable Perpetual Preferred Stock (12,000 underlying)
Footnotes (3)
- [F1]Represents the conversion upon vesting of restricted stock units into shares of preferred stock on February 22, 2023. These shares of preferred stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan without payment by the requesting person.
- [F2]Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the preferred stock. This is not an open market sale of securities.
- [F3]The restricted stock unit was granted on February 22, 2023 and vests in early 2024 upon attainment of certain performance targets.