KORN BILL 4

What Happened

• Bill Korn, a director of CareCloud, Inc. (CCLD), recorded a disposition of 10,800 shares on May 15, 2026. The shares were disposed at $25.25 each for a total value of $272,700. This was a disposition (sale) rather than a purchase.
• Important: the filing notes the transaction resulted from the mandatory redemption of Series B preferred stock and was not an open-market sale by the reporting person.

Key Details

• Transaction date and price: 2026-05-15, 10,800 shares at $25.25 per share (total $272,700).
• Transaction type/code: Disposition to the issuer (D) — effected via mandatory redemption of Series B Preferred Stock (Footnote F1).
• Shares owned after transaction: Not specified in the supplied summary of the Form 4.
• Filing date/timeliness: Form 4 filed May 18, 2026; this appears to be within the standard 2-business-day reporting window.
• Footnote: F1 clarifies this was a mandatory redemption by the issuer and not an open-market sale.

Context

• Because the shares were surrendered in connection with a mandatory redemption of preferred stock (not sold on the open market), this transaction is more administrative/capital-structure driven than a direct expression of the director’s view on the company’s stock price. Retail investors should treat such redemptions differently from voluntary open-market sales when assessing insider sentiment.