Norman R. Hames - Mar 1, 2024 Form 4 Insider Report for RadNet, Inc. (RDNT)

Role: Pres and COO-West Operations
Signature: /s/ Jose Gamez, Attorney-in-Fact
Stock symbol: RDNT
Transactions as of: Mar 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/4/2024, 09:24 PM
Previous filing: Jan 10, 2024
Next filing: Jun 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RDNT	Common Stock	Award	$0	+17.4K	+6.26%	$0.00	296K	Mar 1, 2024	Direct	F1

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	Employee Stock Option (right to buy)	Award	$0	+33.8K		$0.00	33.8K	Mar 1, 2024	Common Stock	33.8K	$18.64	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On January 3, 2023, the reporting person was granted a target number of 8,717 restricted stock units ("RSUs") subject to performance and time-based vesting. On March 1, 2024 the Compensation Committee determined that based on the Issuer's fiscal year 2023 performance, 200% of the target number of RSUs vested on performance-based vesting requirements. The RSU's will vest in two equal annual installments on March 10, 2025 and March 10, 2026, respectively, subject to continued service. Each RSU represents the contingent right to receive one share of RDNT common stock. Vested RSUs will be settled for RDNT shares 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) a future date(s) if so specified in the reporting person's deferral election.
F2	On January 3, 2023, the reporting person was granted a stock option to purchase up to 33,789 shares of Issuer common stock, subject to performance and time-based vesting. As a result of the Issuer's performance for fiscal year 2023, 100% 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 March 10, 2025, March 10, 2026, and March 10, 2027, respectively.

Content

On January 3, 2023, the reporting person was granted a target number of 8,717 restricted stock units ("RSUs") subject to performance and time-based vesting. On March 1, 2024 the Compensation Committee determined that based on the Issuer's fiscal year 2023 performance, 200% of the target number of RSUs vested on performance-based vesting requirements. The RSU's will vest in two equal annual installments on March 10, 2025 and March 10, 2026, respectively, subject to continued service. Each RSU represents the contingent right to receive one share of RDNT common stock. Vested RSUs will be settled for RDNT shares 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) a future date(s) if so specified in the reporting person's deferral election.

On January 3, 2023, the reporting person was granted a stock option to purchase up to 33,789 shares of Issuer common stock, subject to performance and time-based vesting. As a result of the Issuer's performance for fiscal year 2023, 100% 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 March 10, 2025, March 10, 2026, and March 10, 2027, respectively.