Sharnak Lawrence Steven 4

What Happened Steven Sharnak, a director of CareCloud, converted 7,500 restricted stock units (RSUs) into 7,500 shares of common stock on February 8, 2026. The Form 4 records an exercise/conversion of a derivative (transaction code M) resulting in 7,500 shares acquired at $0.00 (no cash payment). The filing also shows the corresponding disposition/termination of the derivative interest tied to the RSUs.

Key Details

• Transaction date: February 8, 2026; Form 4 filed February 10, 2026 (timely).
• Transaction type/code: Exercise/conversion of derivative (M).
• Shares: 7,500 shares acquired at $0.00; corresponding derivative interest shown as disposed.
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnote: F1 — conversion upon vesting of RSUs into common stock; shares issued under the Company’s Amended and Restated Equity Incentive Plan without payment by the reporting person.
• No open-market sale reported in this filing.

Context This was a routine vesting/conversion of RSUs into common shares (compensation-related), not a cash purchase or sale. The “disposed” line on the Form 4 reflects termination/conversion of the derivative interest (the RSU), not an economic sale of shares on the market. Such vesting events are common and typically reflect compensation rather than a direct signal of insider buying or selling.