Jonathan Go - Sep 12, 2022 Form 4 Insider Report for ICAD INC (ICAD)

Role: Chief Technology Officer
Signature: /s/ Jonathan Go
Stock symbol: ICAD
Transactions as of: Sep 12, 2022
Transactions value $: -$4,503
Form type: 4
Date filed: 9/14/2022, 04:05 PM
Previous filing: Nov 10, 2021
Next filing: Jan 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ICAD	Common Stock	Options Exercise	$102K	+45K	+24.63%	$2.27	228K	Sep 12, 2022	Direct
transaction	ICAD	Common Stock	Sale	-$104K	-37.9K	-16.64%	$2.74	190K	Sep 12, 2022	Direct	F1, F2
transaction	ICAD	Common Stock	Sale	-$2.86K	-1.08K	-0.57%	$2.65	189K	Sep 12, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ICAD	Employee Stock Option (Right to Buy)	Options Exercise	$0	-45K	-100%	$0.00^*	0	Sep 12, 2022	Common Stock	45K	$2.27	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents sales made pursuant to the Reporting Person's written trading plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, intended to cover the exercise price of options that expire on September 25, 2022.
F2	The price reported is the weighted average price. These shares were sold in multiple transactions at prices ranging from $2.60 to $2.86 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold by it at each separate price on September 12, 2022.

Content

Represents sales made pursuant to the Reporting Person's written trading plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, intended to cover the exercise price of options that expire on September 25, 2022.

The price reported is the weighted average price. These shares were sold in multiple transactions at prices ranging from $2.60 to $2.86 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold by it at each separate price on September 12, 2022.