Heartflow CEO John Farquhar Sells 38,900 Shares

What Happened

• John C.M. Farquhar, CEO of Heartflow, sold a total of 38,900 shares in open-market transactions on Sept 10–11, 2026, generating roughly $1,819,605 in proceeds.
  • Sept 10, 2026: 35,010 shares sold at a weighted average price of $46.42, proceeds $1,625,105 (executed in multiple trades at prices ranging $45.43–$47.78).
  • Sept 11, 2026: 3,890 shares sold at $50.00, proceeds $194,500.
• These were sales (S), which are often routine liquidity events; the filing does not indicate a purchase or option exercise.

Key Details

• Transaction dates and prices: Sept 10 (35,010 @ $46.42 WAP; range $45.43–$47.78) and Sept 11 (3,890 @ $50.00).
• Total shares sold: 38,900; total reported proceeds: $1,819,605.
• Shares owned after transaction: Not specified in the information provided on this Form 4.
• Notable footnotes: The sales were effected under a Rule 10b5-1 trading plan adopted by Mr. Farquhar on Sept 12, 2025 (preplanned trades). The Sept 10 transaction was executed in multiple trades; the filer will provide detailed trade-by-trade prices on request.
• Filing timeliness: Form filed Sept 14, 2026 — within the normal 2-business-day reporting window for these transaction dates (timely).

Context

• Sales under a 10b5-1 plan are preplanned and do not necessarily indicate a change in the insider’s view of the company; they are commonly used for scheduled liquidity or diversification.
• For retail investors: insider sales are informative but generally less conclusive than insider purchases. These transactions reduced the CEO’s stake by 38,900 shares; the filing does not show remaining ownership here.