CareCloud, Inc. — Director's Dealing 2020

Jul 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MTBC, Inc. (MTBC)
CIK: 0001582982
Period of Report: 2020-06-29

Reporting Person: SNYDER STEPHEN ANDREW (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-29	Common Stock	G	15000	—	Disposed	192645	Direct
2020-06-29	Common Stock	M	25000	—	Acquired	217645	Direct
2020-06-29	Common Stock	F	10000	$8.19	Disposed	207645	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-29	Restricted Stock Unit	$0	A	37500	Acquired		Common Stock (37500)	Direct
2020-06-29	Restricted Stock Unit	$0	M	25000	Disposed		Common Stock (25000)	Direct

Footnotes

F1: This transaction represents a gift / charitable donation effective June 29, 2020. This is not a market transaction; thus, no price has been reported. No value was received for the gifted shares.

F2: The restricted stock units were granted on June 29, 2020 and vest in two installments: a) 25,000 units vest immediately, and b) 12,500 units vest on November 1, 2020.

F3: Represents the conversion upon vesting of restricted stock units into common stock on June 29, 2020. 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 vests on various dates between August 2020 and August 2021.

F4: 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.