Stephen M. Forthuber - 28 Feb 2023 Form 4 Insider Report for RadNet, Inc. (RDNT)

Role: Pres & COO-Eastern Operations
Signature: /s/ Jose Gamez, Attorney-in-Fact
Issuer symbol: RDNT
Transactions as of: 28 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2023, 17:14:47 UTC
Previous filing: 05 Jan 2023
Next filing: 17 Mar 2023
SEC: View on sec.gov

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	RDNT	Restricted Stock Units	Award	$0	+2,760		$0.000000	2,760	28 Feb 2023	Common Stock	2,760		Direct	F1, F2
transaction	RDNT	Employee Stock Option (right to buy)	Award	$0	+6,013		$0.000000	6,013	28 Feb 2023	Common Stock	6,013	$29.44	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right, upon vesting of the RSU, to receive one share of RDNT common stock and/or the cash equivalent of such share.
F2	On January 4, 2022, the reporting person was granted a target number of 5,519 RSUs that vest upon (i) the achievement of certain performance criteria by the Issuer for fiscal year 2022, and (ii) satisfaction of time-based vesting conditions requiring the reporting person's continued service. As a result of the Issuer's performance for fiscal year 2022, 50% of the target number of RSUs vested as to the performance-based vesting requirements and, subject to the reporting person's continued service, such performance vested RSUs will vest as to the time-based vesting requirements in two equal annual installments on January 4, 2024 and January 4, 2025, respectively. The performance vesting conditions for the RSUs and the stock option were the same.
F3	On January 4, 2022, the reporting person was granted a stock option to purchase 24,050 shares of Issuer common stock. The option vests upon (i) the achievement of certain performance criteria by the Issuer for fiscal year 2022, and (ii) satisfaction of time-based vesting conditions requiring the reporting person's continued service. As a result of the Issuer's performance for fiscal year 2022, 25% of the shares subject to the option vested as to the performance-based vesting requirements and, subject to the reporting person's continued service, such performance vested option shares will vest as to the time-based vesting requirements in three equal annual installments on January 4, 2024, January 4, 2025, and January 4, 2026, respectively. The performance vesting conditions for the RSUs and the stock option were the same.