Form 4: Ontrak CFO James Park Reports Routine Stock Unit Vesting and Tax Withholding

Ontrak, Inc.'s Chief Financial Officer, James J. Park, reported the vesting of restricted stock units and the subsequent withholding of shares for tax purposes, a standard compensation event.

Summary

• James J. Park, Chief Financial Officer of Ontrak, Inc. (OTRK), reported transactions related to his beneficial ownership on June 14, 2025.
• Mr. Park acquired 4 shares of common stock through the vesting of restricted stock units (RSUs).
• Concurrently, 1 share of common stock was disposed of at a price of $1.43 to satisfy statutory tax withholding requirements related to the RSU vesting.
• Following these transactions, Mr. Park directly beneficially owns 12 shares of common stock and 5 restricted stock units.
• The restricted stock units represent a contingent right to receive one share of the issuer's common stock per unit.
• The vested units were part of an original grant of 18 restricted stock units on June 14, 2021, which vest over five years with specific percentages on anniversaries of the grant date, subject to continued employment.

Sentiment

Score: 6

Explanation: The document reports a routine compensation event (RSU vesting) for a key executive, which is generally a neutral to slightly positive indicator of executive retention and compensation structure. The withholding of shares for tax is a standard procedure and not negative.

Positives

• The vesting of restricted stock units represents a realization of compensation for the Chief Financial Officer.
• The transaction indicates the continued employment of a key executive.

Negatives

• One share was withheld by the issuer to satisfy statutory tax withholding requirements, reducing the net shares received by the executive.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider's compensation-related stock transaction and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a routine compensation event for an executive.
• Employees: Reflects standard executive compensation practices.

Key Dates

Keywords

Ontrak Inc., OTRK, SEC Form 4, insider transaction, restricted stock units, RSU vesting, Chief Financial Officer, James J. Park, stock compensation, tax withholding