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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1582982	Mtbc Inc.	MTBC	Services-Prepackaged Software (7372)	223832302

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1610976	Bill Korn	61 Darren Drive Basking Ridge NJ 07920	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Series A Cum Redeemable Perp Pref Stock [Mtbcp]	Acquisiton	2020-01-31	10,000	$0.00	23,700	No	4	M	Direct
Series A Cum Redeemable Perp Pref Stock [Mtbcp]	Disposition	2020-01-31	4,600	$27.06	19,100	No	4	F	Direct
Common Stock	Disposition	2020-02-03	12,295	$4.95	179,067	No	4	S	Direct
Common Stock	Disposition	2020-02-04	6,455	$4.96	172,612	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Series A Cumulative Redeemable Perpetual Preferred Stock	Restricted Stock Unit	Disposition	2020-01-31	10,000	$0.00	10,000	$0.00
Series A Cumulative Redeemable Perpetual Preferred Stock	Restricted Stock Unit	Acquisiton	2020-01-31	10,000	$0.00	10,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct
10,000			No	4	A	Direct

Footnotes

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.
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.
The restricted stock unit was granted on January 31, 2020 and vests upon attainment of certain performance targets.
The sales reported on this Form 4 were made pursuant to a written trading plan adopted by the Reporting Person on December 20, 2018, in accordance with Rule 10b5-1.
The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.95 to $4.96, inclusive. The reporting person undertakes to provide to any security holder of MTBC, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.95 to $5.01, inclusive.