Farquhar John C.M. 4

What Happened
John C.M. Farquhar, CEO of Heartflow, sold 22,562 shares on April 10, 2026 at $26.72 per share, generating approximately $602,857 in proceeds. The Form 4 reports the disposition as an open-market or private sale (code S). The filing notes the trade was effected under a Rule 10b5-1 trading plan adopted September 12, 2025.

Key Details

• Transaction date: 2026-04-10
• Filing date (Form 4): 2026-04-14
• Shares sold: 22,562
• Price per share: $26.72
• Gross proceeds: $602,857
• Transaction type: Sale (S) — reported as open-market or private sale
• Footnote: Trade executed pursuant to a 10b5-1 plan (adopted 9/12/2025)
• Shares owned after transaction: Not specified in the provided summary — see the Form 4 for post-transaction holdings
• Timeliness: Form 4 filed four days after the trade; Form 4s are typically due within two business days, so review the official filing for any late-filing designation

Context
Sales executed under Rule 10b5-1 plans are generally pre-scheduled and often reflect routine portfolio management (e.g., diversification or liquidity needs) rather than a real-time view of the company's prospects. For retail investors, purchases tend to be more directly informative about insider confidence; this disclosed sale appears to be part of a pre-established plan rather than an ad hoc sale.