Verghese Vikram 4

What Happened

• Vikram Verghese, Chief Financial Officer of Heartflow, exercised options on July 21, 2026, acquiring 22,522 shares at $2.22 per share for a total cash outlay of $49,999. The Form 4 also records a related conversion/disposition of a derivative instrument at $0, which reflects the option/derivative being converted into stock.

Key Details

• Transaction date: July 21, 2026; Form 4 filed July 23, 2026 (timely filing within the standard 2-business-day window).
• Exercise price: $2.22 per share; shares acquired: 22,522; total cost: $49,999.
• Related derivative entry shows 22,522 shares converted/disposed at $0, indicating the derivative ceased to exist after conversion into common stock.
• Shares owned after the transaction: not specified in the filing.
• Footnote: the option vests in monthly installments through October 30, 2027, subject to continued service.

Context

• This was an exercise/acquisition (insider buy) via option exercise rather than a sale; no immediate sale of the acquired shares is reported. For retail investors, option exercises can signal personal investment but do not by themselves prove a change in the insider’s view of the company.