Form Type: 4

SEC EDGAR Link
Accession Number:0001593968-23-000085
Date:2023-01-03
Issuer: ONTRAK, INC. (OTRK)
Original Submission Date:

Reporting Person:

SHERMAN MICHAEL EDWARD
2200 PASEO VERDE PARKWAY
SUITE 280 HENDERSON, NV 89052

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
OPTION (RIGHT TO BUY) 0.36 2023-01-03 deemed execution date A 321,345 (a) 2023-03-31 2030-01-03 ontrak, inc. common stock 321,345 $0.36 321,345 direct
Footnotes
IDfootnote
f1 these securities were granted to mr. sherman for his services as a member of the company's board of directors, lead independent director, and chairman of the compensation committee and the nominations and governance committee.
f2 25% of these options shall vest at the at the end of each quarter beginning january 1, 2023, such that all shares pursuant to the option shall be vested on december 31, 2023. quarterly vesting of the options will be subject to mr. sherman attending board meetings, unless such absence is excused by the chairman of the board.
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