Messina James M. 4
4 · Ontrak, Inc. · Filed Aug 31, 2022
Insider Transaction Report
Form 4
Ontrak, Inc.OTRK
Messina James M.
Director
Transactions
- Award
Option (right to buy)
2022-08-29+16,360→ 16,360 totalExercise: $0.65From: 2022-12-31Exp: 2027-08-29→ Ontrak, Inc. Common Stock (16,360 underlying) - Award
Restricted Stock Unit
2022-08-29+460,759→ 460,759 total→ Ontrak, Inc. Common Stock (460,759 underlying)
Footnotes (4)
- [F1]These securities were granted to Mr. Messina upon his appointment to the Board of Directors of Ontrak, Inc. (the "Company").
- [F2]100% of these options shall vest on December 31, 2022. Vesting of the options will be subject to Mr. Messina's attending board meetings, unless such absence is excused by the Chairman of the Board.
- [F3]Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon settlement of each vested RSU, or, in the complete and sole discretion of the Company, a cash payment equal to the fair market value of one share of common stock for each vested RSU.
- [F4]The RSU's vest over three years as follows: 50% vest on the first anniversary of the grant date and 25% vest on the second and third anniversaries of the grant date, in each case, subject to Mr. Messina's continued service on the Board of Directors of the Company.