Sharnak Lawrence Steven 4

What Happened

• Steven Sharnak, a director of CareCloud, received 6,250 shares of common stock when restricted stock units (RSUs) vested on January 31, 2026. The shares were issued at $0 (no cash paid). The Form 4 shows a matching derivative disposition of 6,250 shares reflecting the conversion of the RSU derivative into common stock.

Key Details

• Transaction date: January 31, 2026
• Price: $0.00 per share (shares issued upon vesting)
• Shares acquired: 6,250 common shares (via RSU conversion)
• Derivative disposed: 6,250 (conversion of the RSU/derivative instrument)
• Shares owned after transaction: Not specified in the filing
• Footnote: F1 — conversion upon vesting of RSUs into common stock; shares were acquired under the company's equity incentive plan without payment by the reporting person
• Filing: Form 4 filed February 3, 2026 — appears timely (within the standard two-business-day window)
• Transaction code: M (exercise or conversion of a derivative)

Context

• This was an equity award vesting (compensation), not an open-market purchase or sale. RSU vesting converts a contractual right (derivative) into shares; the derivative is typically canceled when shares are issued. Such awards are a routine form of director compensation and do not, by themselves, indicate an immediate buy or sell decision in the market.