Ortigas-Wedekind Marga 4

What Happened

• Marga Ortigas-Wedekind, a director of HeartBeam, Inc. (BEAT), purchased 25,000 shares of common stock on April 16, 2026 at $0.80 per share, for a total of $20,000. The Form 4 records the transaction as a purchase (transaction code P), not a sale or option exercise.

Key Details

• Transaction date and price: April 16, 2026 — 25,000 shares at $0.80 each.
• Transaction value: $20,000 total.
• Filing timeliness: Form 4 was filed on April 16, 2026 (same day as the transaction) — appears timely.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The shares were purchased in connection with HeartBeam’s underwritten public offering of 12,500,000 shares (priced April 14, 2026; closed April 16, 2026). Titan Partners (American Capital Partners) was the sole bookrunner for the offering.

Context

• This was a direct purchase rather than an option exercise, grant, or gift. Purchases by insiders can be of interest to investors because they represent an acquisition of shares by someone with company knowledge, but filings do not state the insider’s motivation.
• The filing indicates the purchase tied to the company’s offering, which may reflect allocation or participation related to that offering rather than an open-market investment decision.