RadNet (NASDAQ: RDNT) strategy chief sells 15,000 shares, keeps over 1.2M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RadNet, Inc. director and Chief Strategy Officer Alma Gregory Sorensen reported net sales of 15,000 shares of common stock in open-market transactions. The sales occurred at average prices of $62.12 and $62.72, across multiple trades within disclosed price ranges.
In a separate transaction, 5,919 shares were withheld to cover tax obligations, which is not an open-market sale. After all transactions, Sorensen directly holds 1,223,923 RadNet common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,000 shares ($932,280)
Net Sell
3 txns
Insider
Sorensen Alma Gregory
Role
Chief Strategy Officer
Sold
15,000 shs ($932K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,200 | $62.12 | $882K |
| Sale | Common Stock | 800 | $62.72 | $50K |
| Tax Withholding | Common Stock | 5,919 | $61.72 | $365K |
Holdings After Transaction:
Common Stock — 1,224,723 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $61.65 to $62.65. The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $62.67 to $63.67.
FAQ
What did RadNet (RDNT) executive Alma Gregory Sorensen report in this Form 4?
Alma Gregory Sorensen reported selling 15,000 RadNet common shares in open-market transactions and a separate 5,919-share tax withholding. After these moves, she directly holds 1,223,923 RadNet shares, according to the Form 4 filing details.
What do the price range footnotes in the RadNet (RDNT) Form 4 mean?
The footnotes state that reported prices are averages, with individual trades executed between $61.65 and $62.65, and between $62.67 and $63.67. This indicates the sales were broken into multiple trades across that price range rather than single-block transactions.