Farquhar John C.M. 4

What Happened John C.M. Farquhar, CEO of Heartflow, Inc. (HTFL), reported a sale of 22,562 shares on July 10, 2026. The shares were disposed at $27.75 each for proceeds of approximately $626,096. This was a sale (not a purchase); such sales are often routine dispositions rather than a clear bullish signal.

Key Details

• Transaction date: July 10, 2026. Report filed July 13, 2026 (within the Form 4 reporting window).
• Price and size: 22,562 shares sold at $27.75 per share; total proceeds ≈ $626,096.
• Transaction type: Reported as an open-market/private sale (code "S").
• Footnote: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Farquhar on September 12, 2025 (pre-arranged trades).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.

Context

• Sales executed under 10b5-1 plans are pre-scheduled and can limit the extent to which a sale indicates the insider’s current view of the company. They are common for executives who want to avoid claims of trading on nonpublic information.
• For retail investors, purchases typically carry more weight as positive insider signals; routine sales—especially under 10b5-1 plans—are less conclusive about future company performance.