Mark Stolper - Feb 28, 2023 Form 4 Insider Report for RadNet, Inc. (RDNT)

Signature
/s/ Jose Gamez, Attorney-in-Fact
Stock symbol
RDNT
Transactions as of
Feb 28, 2023
Transactions value $
$0
Form type
4
Date filed
3/2/2023, 05:22 PM
Previous filing
Jan 5, 2023
Next filing
May 8, 2023

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 +2.23K $0.00 2.23K Feb 28, 2023 Common Stock 2.23K Direct F1, F2, F3, F4
transaction RDNT Employee Stock Option (right to buy) Award $0 +4.85K $0.00 4.85K Feb 28, 2023 Common Stock 4.85K $29.44 Direct F5, F6
* 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 Amount reported is net of 214 restricted stock units transferred pursuant to a domestic relations order.
F3 On January 4, 2022, the reporting person was granted a target number of 4,882 RSUs, subject to a domestic relations order, 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.
F4 The performance vesting conditions for the RSUs and the stock option were the same. RDNT shares (and/or cash) will be delivered to the reporting person in exchange for vested RSUs on the earlier of (i) the reporting person's separation from service, (ii) the reporting person's death or disability, (iii) a change in control of the Issuer, or (iv) in annual installment payments over five years beginning on January 10, 2028.
F5 Amount reported is net of 465 option shares transferred pursuant to a domestic relations order.
F6 On January 4, 2022, the reporting person was granted a stock option to purchase 21,275 shares of Issuer common stock, subject to a domestic relations order. 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.