Ferrari Richard 4

What Happened

• Director Richard Ferrari purchased 62,500 shares of HeartBeam, Inc. (BEAT) on April 16, 2026, at $0.80 per share for a total of $50,000. The transaction is reported as a purchase (Form 4 code P), which investors often view as a bullish signal relative to insider sales.

Key Details

• Transaction date and price: April 16, 2026 — 62,500 shares @ $0.80 each.
• Total value: $50,000.
• 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.
• Filing timeliness: Reported on April 16, 2026 (same day as the transaction), so the Form 4 appears timely.

Context

• This was a direct purchase tied to the company’s public offering rather than a secondary open-market buyback; such purchases can reflect an insider taking up shares in the offering but are not proof of future performance. No options exercise, gift, or tax-withholding details were reported.