CareCloud, Inc. — Director's Dealing 2022

Feb 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CareCloud, Inc. (MTBC)
CIK: 0001582982
Period of Report: 2022-02-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-19	Series A Cum Redeemable Perp Pref Stock [MTBCP]	M	12000	—	Acquired	12000	Direct
2022-02-19	Series A Cum Redeemable Perp Pref Stock [MTBCP]	F	5520	$25.50	Disposed	6480	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-19	Restricted Stock Unit	$0	D	12000	Disposed		Series A Cumulative Redeemable Perpetual Preferred Stock (12000)	Direct
2022-02-19	Restricted Stock Unit	$0	A	12000	Acquired		Series B Cumulative Redeemable Perpetual Preferred Stock (12000)	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted stock units into shares of preferred stock on February 19, 2022. These shares of preferred stock were issued upon vesting of such units granted under the Company's Amended and Restated Equity Incentive Plan on January 29, 2021, without payment by the requesting person.

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

F3: The restricted stock unit was granted on February 19, 2022 and vests in early 2023 upon attainment of certain performance targets.