CareCloud (CCLD) CSO records mandatory redemption of Series B preferred shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CareCloud, Inc. Chief Strategy Officer A Hadi Chaudhry reported a mandatory redemption of 7,800 shares of Series B Cumulative Redeemable Perpetual Preferred Stock at $25.25 per share. The shares were disposed of back to the issuer, and the reporting person now holds 0 shares of this security.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chaudhry A Hadi
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Series B Cum Redeemable Perp Pref Stock [CCLDO] | 7,800 | $25.25 | $197K |
Holdings After Transaction:
Series B Cum Redeemable Perp Pref Stock [CCLDO] — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 7,800 shares
Redemption price: $25.25 per share
Holdings after transaction: 0 shares
3 metrics
Shares disposed
7,800 shares
Series B Cumulative Redeemable Perpetual Preferred Stock
Redemption price
$25.25 per share
Mandatory redemption of Series B Preferred Stock
Holdings after transaction
0 shares
Series B Preferred Stock following disposition to issuer
Key Terms
Series B Cumulative Redeemable Perpetual Preferred Stock, mandatory redemption, Disposition to issuer, non-derivative
4 terms
Series B Cumulative Redeemable Perpetual Preferred Stock financial
"The reported transaction was effected pursuant to the mandatory redemption of the Series B Preferred Stock"
mandatory redemption financial
"The reported transaction was effected 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.
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
non-derivative financial
"transaction_type: "non-derivative""
FAQ
What did CareCloud (CCLD) disclose in this Form 4 for A Hadi Chaudhry?
CareCloud reported that Chief Strategy Officer A Hadi Chaudhry disposed of 7,800 shares of Series B Cumulative Redeemable Perpetual Preferred Stock through a mandatory redemption at $25.25 per share, leaving him with zero shares of this preferred stock.
Was the CareCloud (CCLD) Form 4 transaction an open market sale?
No, the Form 4 footnote states the 7,800-share transaction in Series B Preferred Stock was a mandatory redemption by the issuer and explicitly notes it was not an open market sale by the reporting person, indicating a company-driven event.
What is the transaction code used in this CareCloud (CCLD) Form 4?
The Form 4 uses transaction code D, described as a disposition to the issuer, for 7,800 shares of Series B Cumulative Redeemable Perpetual Preferred Stock, reflecting a mandatory redemption rather than a discretionary market trade by the reporting person.
What are A Hadi Chaudhry’s holdings after this CareCloud preferred redemption?
After the mandatory redemption of 7,800 Series B Cumulative Redeemable Perpetual Preferred shares, the Form 4 shows A Hadi Chaudhry’s total holdings of this specific preferred stock as 0 shares, indicating he no longer owns this security class directly.