Heartflow (HTFL) Director Timothy Barabe Exercises Options

What Happened
Director Timothy C. Barabe exercised stock options on July 17, 2026, acquiring 5,000 common shares by paying $19.00 per share for a total cash outlay of $95,000. The same filing also reports a conversion/disposition of 5,000 derivative securities at $0 (no cash proceeds reported). The primary transaction is an option exercise (acquisition) rather than an open-market purchase or sale of acquired shares.

Key Details

• Transaction date: 2026-07-17; Filing date (Form 4): 2026-07-20 (appears timely).
• Acquired: 5,000 shares via option exercise at $19.00 each — total $95,000.
• Disposed/converted: 5,000 derivative securities at $0 (reported as a derivative disposition/conversion).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — the stock options exercised are fully exercisable.
• No indication in the filing that shares acquired were immediately sold (not a cashless exercise reported).

Context
An option exercise is a conversion of a derivative (option) into common stock and is recorded as an acquisition on Form 4. The additional line reporting a derivative disposition at $0 could reflect conversion/cancellation of a derivative instrument; the filing shows no cash sale of the newly acquired shares. These filings are factual records of insider activity and do not, by themselves, indicate the insider’s view of the company.