Form 4: CareCloud Interim CFO Norman Roth Reports Stock Transactions
SEC Form 4 Filing
Interim CFO and Controller Norman Roth reports the vesting of restricted stock units and subsequent tax withholding by CareCloud.
Summary
- On April 30, 2024, Norman Roth, Interim CFO and Controller of CareCloud, Inc., reported transactions involving CareCloud's common stock.
- Roth converted 3,500 restricted stock units into common stock, acquiring them under the company's equity incentive plan without payment.
- Following the conversion, 1,225 shares were withheld by the issuer to satisfy tax withholding requirements at a price of $1.1.
- After these transactions, Roth directly owns 96,700 shares of CareCloud common stock.
- The remaining restricted stock units will vest in July 2024.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, with neutral sentiment.
Future Outlook
The remaining restricted stock units will vest in July 2024.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units impacts the total number of shares outstanding, potentially affecting shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock transactions: conversion of restricted stock units and tax withholding. |
| 05/02/2024 | Date of signature on the Form 4 filing. |
| July 2024 | Remaining restricted stock units vest. |
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