Hedvig Hricak - 17 Jul 2025 Form 4 Insider Report for ICAD INC (ICAD)

Reporting relationship: Director
Issuer ticker: ICAD
Reported as of: 17 Jul 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 17 Jul 2025, 21:02:06 UTC
Prior SEC filing: 07 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Hedvig Hricak

Key filing fact

Hedvig Hricak filed Form 4 for ICAD INC (ICAD) on 17 Jul 2025.

Key facts

This page summarizes Hedvig Hricak's Form 4 filing for ICAD INC (ICAD).
4 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Jul 2025, 21:02.

Change

Previous filing in this sequence was filed on 07 Feb 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 0002012207 Primary reporting owner

Hricak Hedvig

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

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: -40,000
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,000
Exercise price: $1.36
Footnotes: F1, F2, F3

ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -5,415
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,415
Exercise price: $1.52
Footnotes: F1, F2, 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: F1, F2, F3

ICAD transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -6,641
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,641
Exercise price: $3.69
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Hedvig Hricak 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.