Form 4: CareCloud Director Lawrence Steven Sharnak Reports Stock Transactions
SEC Form 4 Filing
Director Lawrence Steven Sharnak reports acquisition and disposal of CareCloud, Inc. stock units.
Summary
- On August 9, 2024, Lawrence Steven Sharnak, a director of CareCloud, Inc. (CCLD), filed a Form 4.
- The report details transactions involving restricted stock units.
- Sharnak acquired 30,000 restricted stock units on August 8, 2024, which vest in four equal installments.
- The vesting dates are February 8, 2025, August 8, 2025, February 8, 2026, and August 8, 2026.
- Sharnak also disposed of 45,000 restricted stock units.
- Following these transactions, Sharnak's beneficial ownership of derivative securities is reported.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for directors and officers to report changes in their beneficial ownership of company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of restricted stock unit grant and transaction. |
| 08/08/2024 | Restricted stock unit vests in four equal installments on February 8, 2025, August 8, 2025, February 8, 2026 and August 8, 2026. |
| 08/09/2024 | Date of Form 4 filing. |
| 02/08/2025 | First vesting date for restricted stock units. |
| 08/08/2025 | Second vesting date for restricted stock units. |
| 02/08/2026 | Third vesting date for restricted stock units. |
| 08/08/2026 | Fourth vesting date for restricted stock units. |
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