Ferrari Richard 4

What Happened

• Richard Ferrari, a director of HeartBeam, was granted 50,000 restricted stock units (RSUs) on February 9, 2026. The award was recorded at $0 cash paid at grant (transaction code A — Award/Grant). These RSUs are issued under the company’s 2022 Equity Incentive Plan.

Key Details

• Transaction date: February 9, 2026; Form 4 filed March 23, 2026 (appears late — 42 days after the transaction).
• Grant size and price: 50,000 RSUs, $0.00 reported purchase price (award).
• Vesting: Footnote states this is a "Special RSU" — 50% (25,000 RSUs) vest on March 31, 2026 and the remaining 50% (25,000 RSUs) vest on June 30, 2026; vesting commencement date is January 1, 2026.
• Shares owned after transaction: Not reported in the provided filing details.
• Filing timeliness: Filed March 23 for a Feb 9 grant — exceeds the typical 2-business-day Form 4 reporting window (transaction appears late).

Context

• These are RSUs (not immediately issued common shares); Ferrari will only receive actual shares as each tranche vests and any applicable tax withholding is settled. An award/grant is compensation, not an open-market purchase or sale, and does not by itself signal buying or selling intent.