HeartFlow (HTFL) CEO John Farquhar Withholds 7,751 Shares for Taxes

What Happened

• John C.M. Farquhar, CEO of HeartFlow (HTFL), had a total of 7,751 shares withheld by the company to satisfy tax withholding related to vested restricted stock units (RSUs). The withholding occurred in two filings: 5,847 shares on 2026-08-06 at $27.19 each ($158,980) and 1,904 shares on 2026-08-07 at $28.82 each ($54,873), for a combined value of about $213,853.
• These transactions are tax-withholding/net settlement events (code F) tied to RSU vesting, not open-market sales to third parties; they are generally routine and do not necessarily signal a change in the insider’s view of the company.

Key Details

• Transaction dates and amounts:
  • 2026-08-06: 5,847 shares withheld @ $27.19 = $158,980
  • 2026-08-07: 1,904 shares withheld @ $28.82 = $54,873
• Combined withheld shares: 7,751; combined value: ~$213,853.
• Shares owned after transaction: not disclosed in the provided Form 4.
• Footnote: F1 — shares were retained by the issuer to satisfy income tax withholding and remittance obligations related to previously reported RSU vesting (net settlement).
• Filing: Form 4 filed 2026-08-10 for a Period of Report starting 2026-08-06. This filing appears timely (filed within the standard two business days for these transactions).

Context

• These were withholding/net-settlement transactions (often called "sell-to-cover") stemming from RSU vesting, not discretionary open-market sales. For most retail investors, withholding to satisfy taxes is routine and should not be interpreted as a clear buy/sell signal by the insider.