CareCloud (CCLD) Director Bill Korn Receives RSU Award, Converts Units

What Happened

• Bill Korn, a director of CareCloud, was granted 25,000 restricted stock units (RSUs) on July 29, 2026 and on July 31, 2026 a tranche of 6,250 RSUs converted into common stock upon vesting. All reported transactions show $0 consideration — the RSUs and resulting shares were issued under the company’s equity plan without payment. The filing also reports 6,250 shares as “disposed” on July 31, 2026; the filing does not specify the reason for that disposition.

Key Details

• Transaction types and dates:
  • 2026-07-29: Grant/award of 25,000 RSUs (code A) at $0.00 (derivative award).
  • 2026-07-31: Conversion/vesting of 6,250 RSUs into common stock (code M) at $0.00 (acquired).
  • 2026-07-31: 6,250 shares reported as disposed (code M) at $0.00 (filing lists disposition but gives no sale price or reason).
• Consideration: $0 for all reported items — issued under the Amended and Restated Equity Incentive Plan without payment.
• Shares owned after the transactions: not specified in the filing summary provided.
• Footnotes:
  • F1: The 25,000 RSU grant vests in four equal installments on 1/29/27, 7/29/27, 1/29/28 and 7/29/28.
  • F2: The 6,250 conversion on 7/31/26 represents RSUs vesting and converting to common stock under the equity plan.
• Filing timeliness: Report filed 2026-07-31 covering transactions on 2026-07-29 and 2026-07-31; no late-filing flag indicated.

Context

• RSUs are awards that convert to shares when they vest; they are not purchases and do not necessarily signal a buy-side vote of confidence. The July 29 grant is a forward-looking award that vests over two years per F1. The conversion of 6,250 RSUs on July 31 was a vesting event; the simultaneous “disposed” entry is recorded but the filing does not state whether shares were sold, transferred, or withheld for taxes — such dispositions can be routine (e.g., for tax withholding) and do not by themselves indicate trading intent.