CareCloud, Inc. — Director's Dealing 2020

Feb 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MTBC, Inc. (MTBC)
CIK: 0001582982
Period of Report: 2020-01-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-31	Series A Cum Redeemable Perp Pref Stock [MTBCP]	M	12000	—	Acquired	18480	Direct
2020-01-31	Series A Cum Redeemable Perp Pref Stock [MTBCP]	F	5520	$27.06	Disposed	12960	Direct
2020-02-02	Common Stock	M	7500	—	Acquired	211095	Direct
2020-02-02	Common Stock	F	3450	$4.91	Disposed	207645	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-31	Restricted Stock Unit	$0	M	12000	Disposed		Series A Cumulative Redeemable Perpetual Preferred Stock (12000)	Direct
2020-01-31	Restricted Stock Unit	$0	A	12000	Acquired		Series A Cumulative Redeemable Perpetual Preferred Stock (12000)	Direct
2020-02-02	Restricted Stock Unit	$0	M	7500	Disposed		Common Stock (7500)	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted stock units into shares of preferred stock on January 31, 2020. These shares of preferred stock issued
upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan without payment by the requesting person.

F2: Represents the conversion upon vesting of restricted stock units into common stock on February 2, 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 vest on various dates between August 2020 and August 2021.

F3: Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of Preferred Stock. This is not an open market sale of
securities.

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.

F5: The restricted stock unit was granted on January 31, 2020 and vests upon attainment of certain performance targets.