Berger Howard G 4

What Happened Howard G. Berger, President, CEO and a director of RadNet, exercised options to acquire 25,992 shares on 2026-05-05 by paying $18.64 per share for a total cash outlay of $484,491. The filing also reports a corresponding cancellation/disposition of the derivative option units for 25,992 shares at $0, which reflects the option being converted into common stock. There was no reported open-market sale of the newly acquired shares.

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (timely).
• Exercise: 25,992 shares acquired at $18.64/share for $484,491 (transaction code M).
• Derivative/option cancelled: 25,992 units reported disposed at $0 (transaction code M).
• Shares owned after transaction: not specified in the excerpt provided.
• Footnote: These shares come from a 77,976-share retention award granted 2023-01-03 subject to performance/time vesting. Performance vesting was met for FY2023; time-based vesting occurs in three equal installments on 3/10/2025, 3/10/2026, and 3/10/2027 — the 25,992 exercised equals one-third of the original award.
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the supplied details.

Context This was an option exercise (insider acquiring shares by paying the strike), not an open-market purchase or sale. The duplicate entries (acquisition and $0 disposition) are a standard Form 4 reporting convention showing conversion of option/derivative units into common shares. Purchases/exercises can signal insider confidence but do not by themselves reveal motivation; stay aware that these shares originated from a previously granted retention award with scheduled vesting.