Heartflow (HTFL) CEO John Farquhar Exercises Options

What Happened

• John C.M. Farquhar, CEO of Heartflow (HTFL), exercised stock option/derivative interests on 2026-07-30. He acquired a total of 31,220 shares across three option lots by paying aggregate exercise proceeds of approximately $158,013.
  • 2,789 shares at $8.33 each — $23,232
  • 18,694 shares at $2.22 each — $41,501
  • 9,737 shares at $9.58 each — $93,280
• The filing also reports corresponding disposals of the derivative instruments (same share counts) at $0, which reflects conversion/cancellation of the derivative securities upon exercise (transaction code M = exercise/conversion).

Key Details

• Transaction date: July 30, 2026; Form 4 filed July 31, 2026 (timely; within the SEC’s 2-business-day window).
• Total shares acquired: 31,220; total cash paid (exercise prices): ≈ $158,013.
• Disposals reported at $0 represent the conversion/cancellation of the derivative instruments underlying these exercises.
• Shares owned after the transaction: not specified in the supplied filing details.
• Footnotes included in the filing:
  • F1: Option vests monthly through July 1, 2027, subject to continued service.
  • F2: These options are fully exercisable.
  • F3: Option vests monthly through November 12, 2028, subject to continued service.

Context

• Code M indicates exercise or conversion of derivative securities to common stock. Because the filing shows acquisitions (not sales), this is an insider exercising options to take ownership of shares rather than selling them immediately.
• Exercises can be routine (vesting-related) or done for other reasons (tax planning, ownership consolidation); the filing itself does not state motivation.