CareCloud (CCLD) CEO sees 30,790 Series B preferred shares redeemed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareCloud, Inc. Chief Executive Officer Stephen Andrew Snyder reported a disposition of 30,790 shares of the company’s Series B Cumulative Redeemable Perpetual Preferred Stock. The shares were removed from his direct holdings at a price of $25.25 per share, leaving him with zero shares of this preferred series.
According to the disclosure, this transaction was carried out through a mandatory redemption of the Series B Preferred Stock by the issuer and was not an open market sale initiated by Snyder.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SNYDER STEPHEN ANDREW
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Series B Cum Redeemable Perp Pref Stock [CCLDO] | 30,790 | $25.25 | $777K |
Holdings After Transaction:
Series B Cum Redeemable Perp Pref Stock [CCLDO] — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Preferred shares disposed: 30,790 shares
Transaction price: $25.25 per share
Shares after transaction: 0 shares
3 metrics
Preferred shares disposed
30,790 shares
Series B Cumulative Redeemable Perpetual Preferred Stock
Transaction price
$25.25 per share
Mandatory redemption price for Series B Preferred
Shares after transaction
0 shares
Series B Preferred held by CEO following redemption
Key Terms
Series B Cum Redeemable Perp Pref Stock, Disposition to issuer, mandatory redemption, Form 4
4 terms
Series B Cum Redeemable Perp Pref Stock financial
"security_title: "Series B Cum Redeemable Perp Pref Stock [CCLDO]""
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
mandatory redemption financial
"footnote: "pursuant to the mandatory redemption of the Series B Preferred Stock""
Mandatory redemption is a contract clause that forces an issuer to buy back a security—such as a bond, preferred share, or convertible—under specified conditions or at scheduled times. For investors it matters because it determines when and how they will get their principal or liquidation value returned, affects the timing of income, and can change the total number of outstanding securities, similar to a store being required to repurchase a product on a set schedule.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did CareCloud (CCLD) CEO Stephen Snyder report in this Form 4?
He reported a disposition of 30,790 shares of CareCloud’s Series B Cumulative Redeemable Perpetual Preferred Stock at $25.25 per share. The filing notes this occurred through a mandatory redemption by the issuer, not through an open market sale.
Was the CareCloud (CCLD) CEO’s preferred stock transaction an open market sale?
No. The filing states the transaction was executed via a mandatory redemption of the Series B Preferred Stock by the issuer and specifically clarifies it was not an open market sale by Stephen Snyder. This indicates the action was driven by the company’s terms, not trading decisions.
What security is involved in the CareCloud (CCLD) CEO’s Form 4 filing?
The security is CareCloud’s Series B Cumulative Redeemable Perpetual Preferred Stock. The filing identifies it under that title and shows the full 30,790-share position being disposed of at $25.25 per share due to the issuer’s mandatory redemption.
How is the CareCloud (CCLD) CEO’s transaction coded in the Form 4?
It is coded as a “D” transaction, described as a disposition to issuer. The transaction_direction field classifies it as a dispose event, and the narrative explains it resulted from a mandatory redemption rather than a discretionary market trade by the executive.