WELDON WILLIAM C 4

What Happened

• William C. Weldon, a director of HeartFlow, exercised stock options (Form 4 code M) on July 8, 2026. He completed three option exercises of 17,123 shares each, acquiring a total of 51,369 common shares at an exercise price of $8.33 per share (total cash outlay ≈ $427,904). The filing also records the corresponding conversion/disposition of the related derivative securities (each 17,123 shares) at $0.00 per share, reflecting the options being converted into common stock.
• This was an exercise (acquisition of shares), not a market sale; the filing does not report any immediate sale of the acquired shares.

Key Details

• Transaction date: July 8, 2026; Form 4 filed July 10, 2026 (filing appears timely within the usual 2-business-day window).
• Prices and amounts: 3 × 17,123 shares acquired at $8.33 each; total acquired = 51,369 shares; total cash paid ≈ $427,904. Corresponding 3 × 17,123 derivative interests shown disposed at $0.00 (conversion).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 indicates the stock options exercised were fully exercisable.
• No 10b5-1 plan, tax-withholding sale, or immediate resale of the shares is reported in the filing.

Context

• For clarity: code M on Form 4 denotes option exercise/conversion. The $0.00 "disposal" entries reflect the cancellation/conversion of the derivative securities (the options) as they were exercised into common stock — they do not indicate a sale of shares to the market.
• Exercises require cash to pay the strike price and are different from open-market purchases; they increase insider ownership but do not by themselves generate proceeds unless shares are later sold.