Andy Sassine - 17 Jul 2025 Form 4 Insider Report for ICAD INC (ICAD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 Jul 2025, 21:00:36 UTC
Prior SEC filing
07 Jan 2025
Next SEC filing
20 Aug 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Andy Sassine

Key filing fact

Andy Sassine filed Form 4 for ICAD INC (ICAD) on 17 Jul 2025.

Key facts

  • This page summarizes Andy Sassine's Form 4 filing for ICAD INC (ICAD).
  • 18 reported transactions and 17 derivative rows are listed below.
  • Accepted by SEC: 17 Jul 2025, 21:00.

Change

  • Previous filing in this sequence was filed on 07 Jan 2025.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001515322 Primary reporting owner

SASSINE ANDY

Relationship
Director
Address
C/O ICAD, INC., 2 TOWNSEND WEST, SUITE 6, NASHUA
Signature
/s/ Andy Sassine
Signature date
17 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ICAD transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-1,198,382
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-6,219
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,219
Exercise price
$3.05
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-6,517
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,517
Exercise price
$2.91
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-9,321
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,321
Exercise price
$3.70
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-20,000
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,000
Exercise price
$3.70
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-4,002
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,002
Exercise price
$8.81
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-2,672
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,672
Exercise price
$13.20
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-30,000
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,000
Exercise price
$18.00
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-30,000
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,000
Exercise price
$7.20
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-30,000
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,000
Exercise price
$1.95
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-28,774
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
28,774
Exercise price
$1.46
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-12,954
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,954
Exercise price
$2.70
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-34,706
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
34,706
Exercise price
$1.34
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-30,000
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,000
Exercise price
$1.78
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-30,265
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,265
Exercise price
$1.57
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-22,259
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
22,259
Exercise price
$1.52
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-27,586
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
27,586
Exercise price
$1.49
Footnotes
F3
ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares
-30,000
Change %
-100%
Price
Shares after
0
Date
17 Jul 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
30,000
Exercise price
$2.06
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Andy Sassine is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated April 15, 2025 (the "Merger Agreement"), by and among the Issuer, RadNet, Inc., a Delaware corporation ("RadNet"), and Trio Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of RadNet (Merger Sub"), pursuant to which, among other things, Merger Sub merged with and into the Issuer (the "Merger") on July 17, 2025 (the "Effective Time").

Footnote F2

At the Effective Time, each issued and outstanding share of common stock of the Issuer ("iCAD Stock") was automatically canceled and retired, and was converted into the right to receive 0.0677 shares (the "Exchange Ratio") of common stock of RadNet ("RadNet Stock"), and, if applicable, cash in lieu of fractional shares.

Footnote F3

At the Effective Time, each option to purchase shares of iCAD Stock (whether or not vested or exercisable) outstanding and unexercised immediately prior to the Effective Time with an exercise price of less than $7.20 (each, an "Eligible iCAD Option") was assumed by RadNet and converted into an option (i) to purchase a number of shares of RadNet Stock equal to the product of (1) the number of shares of iCAD Stock subject to such Eligible iCAD Option immediately prior to the Effective Time and (2) the Exchange Ratio, rounded down to the nearest whole number, and (ii) with an exercise price equal to (1) the exercise price per share of iCAD Stock of such Eligible iCAD Option immediately prior to the Effective Time, divided by (2) the Exchange Ratio, rounded up to the nearest cent. Each outstanding and unexercised iCAD option that was not an Eligible iCAD Option terminated and ceased to be outstanding as of the Effective Time without any consideration payable for such option.

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