Heartflow (HTFL) CFO Vikram Verghese Exercises Options

What Happened Vikram Verghese, Chief Financial Officer of Heartflow, exercised stock options on 2026-07-27 to acquire 22,522 shares at an exercise price of $2.22 per share, for a total cash cost of $49,999. The filing also records a corresponding disposition of the derivative option instrument (22,522 units at $0) as part of the conversion. This was an acquisition (exercise) rather than an open-market sale.

Key Details

• Transaction date: 2026-07-27 (Form 4 filed 2026-07-28; timely filing).
• Acquired: 22,522 shares @ $2.22 = $49,999 (transaction code M = option exercise).
• Disposed: 22,522 derivative units @ $0 (reflects conversion/surrender of the option instrument).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnote: The option vests and becomes exercisable in monthly installments until October 30, 2027, subject to continued service.

Context This was an option exercise (conversion of derivative to common stock), not a reported sale of shares. The filing does not show any immediate sale of the acquired shares (i.e., it was not recorded as a cashless sale). Vesting continues monthly through Oct 30, 2027 per the footnote, indicating additional future exercisable portions subject to service.