Watson Danielle 4

4 · HeartSciences Inc. · Filed Jul 9, 2026

AI-generated summary of this filing

Updated Jul 10, 2026

HeartSciences (HSCS) CFO Danielle Watson Receives Award

What Happened

Danielle Watson, Chief Financial Officer of HeartSciences (HSCS), was granted 25,000 restricted stock units (RSUs) on July 7, 2026. The award is reported as a derivative grant at $0.00 per share (no cash paid at grant). Each vested RSU converts into one share of common stock upon satisfaction of the vesting conditions.

Key Details

Transaction date: 2026-07-07; Form 4 filed: 2026-07-09 (timely).
Award: 25,000 RSUs; reported price $0.00; reported as a derivative grant (code A).
Vesting and conversion: Each RSU settles into one common share when vested (see Conditions).
Shares owned after the transaction: not specified in the filing.
Footnotes (summary):
- F1: RSUs granted under the 2023 Equity Incentive Plan; one RSU = one share on settlement.
- F2–F3: Vesting is contingent on (i) closing of the merger per the Merger Agreement dated June 22, 2026, and (ii) time-based vesting: 1/4 of the RSUs vest three months after the Closing, then 1/4 each subsequent three-month anniversary, with full vesting at the one-year anniversary, provided continuous employment (subject to certain termination rights).

Context

This is a compensation award (not a market purchase or sale). RSU grants are common executive pay and do not involve immediate cash or stock changing hands until vesting/settlement conditions are met.
The award’s value to the insider depends on the occurrence of the referenced merger and subsequent vesting; it does not itself indicate a buy/sell signal for investors.

Form 4

Period: 2026-07-07

See Remarks

Transactions

Award
Restricted Stock Units
[F1][F2][F3]
2026-07-07+25,000→ 25,000 total
→ Common Stock (25,000 underlying)

Footnotes (3)

[F1]Represents the Issuer's restricted stock units (the "RSUs") granted to the Reporting Person under the Issuer's 2023 Equity Incentive Plan, as amended, pursuant to the approval of the Issuer's board of directors (the "Board"). Each vested RSU shall be settled by delivery to the Reporting Person of one share of the Issuer's common stock, $0.001 par value per share, upon satisfaction of the Conditions (as defined below).
[F2]The RSUs shall vest subject to the satisfaction of the following conditions (the "Conditions"): (i) occurrence of a closing of the merger (the "Closing") pursuant to a Merger Agreement dated June 22, 2026, among the Issuer, Cordis Acquisition, LLC, Fortitude Mining Holdings, Inc. and Fortitude Mining HoldCo, LLC; and (ii) (x) 1/4th of the RSUs shall vest on the three-month anniversary of the date of the Closing and (y) thereafter, 1/4th of the RSUs shall vest on each subsequent three-month anniversary of the initial vesting date, such that all of the RSUs shall fully vest on the one-year anniversary of the date of the Closing, (continued to footnote 3)
[F3]in each case provided that the Reporting Person is continuously employed in any capacity by the Issuer or any of its subsidiaries from the date of the Closing through each applicable vesting date, subject to certain qualifying termination rights by the Issuer or the Reporting Person.

Signature

/s/ Danielle Watson|2026-07-09

1 file