Farquhar John C.M. 4

What Happened
John C.M. Farquhar, CEO of Heartflow, Inc. (HTFL), reported a sale of 22,562 shares on June 10, 2026 at $28.50 per share, generating proceeds of $643,017. The Form 4 lists the transaction as an "Open market or private sale" (code S), indicating a disposition of common stock rather than an option exercise or award. Sales are often routine (e.g., diversification or tax needs) and generally convey less direct bullish signal than purchases.

Key Details

• Transaction date: June 10, 2026; Filing date: June 12, 2026 (filed within the typical 2-business‑day window).
• Shares sold: 22,562 at $28.50 per share; total proceeds ≈ $643,017.
• Post-transaction holdings: Not disclosed in the provided filing excerpt.
• Footnote: Transaction executed under a Rule 10b5‑1 trading plan adopted by Farquhar on September 12, 2025 (pre‑arranged trading).
• Transaction code: S = Sale.

Context
A 10b5‑1 plan means the trade was pre-scheduled and may have been set up in advance of the sale date, which can reduce the implication that the sale was based on material nonpublic information. For retail investors, purchases typically carry more informational weight than routine insider sales; this report documents a routine disposition under a prearranged plan rather than an option exercise or a gift.