Form 4: Ontrak CFO James J. Park Reports Stock Transactions

James J. Park, CFO of Ontrak, Inc., reports the vesting and subsequent tax withholding of common stock related to restricted stock units.

Summary

• On June 14, 2024, James J. Park, the Chief Financial Officer of Ontrak, Inc., reported transactions involving the company's common stock.
• These transactions involved the vesting of 66 restricted stock units, each representing a contingent right to receive one share of Ontrak's common stock.
• The vesting occurred as part of a grant made on June 14, 2021, which vests over 5 years.
• The issuer withheld 27 shares to satisfy statutory tax withholding requirements at a price of $0.2484 per share.
• No shares were sold in connection with the vesting.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders due to the vesting of restricted stock units and the subsequent tax withholding.

Key Dates

Keywords

Ontrak, OTRK, James J. Park, CFO, Form 4, Stock Transaction, Restricted Stock Units, Tax Withholding, Vesting