CareCloud, Inc. — Director's Dealing 2019

Nov 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MTBC, Inc. (MTBC)
CIK: 0001582982
Period of Report: 2019-11-01

Reporting Person: HAQ MAHMUD UL (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-01	Common Stock [MTBC]	M	12500	—	Acquired	4928070	Direct
2019-11-01	Common Stock [MTBC]	F	5750	$3.68	Disposed	4922320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-01	Restricted stock unit	$0	M	12500	Disposed		Common Stock (12500)	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted stock units into common stock on November 1, 2019. These restricted stock units and the shares of common stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person. The remainder of the restricted stock units vest equally on May 1, 2020 and November 1, 2020.

F2: Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the common stock. This is not an open market sale of securities.