Research Summary
AI-generated summary of this SEC filing
Heartflow (HTFL) CFO Verghese Vikram Sells Shares
What Happened
Verghese Vikram, Chief Financial Officer of Heartflow, sold a total of 34,975 shares in open-market transactions on Sept. 11, 14 and 15, 2026, generating approximately $1,751,611 in proceeds. The individual reported trades were: 29,714 shares on 2026-09-11 (weighted avg price $50.06; $1,487,459), 4,593 shares on 2026-09-14 (weighted avg price $50.24; $230,744) and 668 shares on 2026-09-15 (weighted avg price $50.01; $33,408). These were sales (not purchases).
Key Details
- Transaction dates & prices:
- 2026-09-11: 29,714 shares sold, WAP $50.06 (range reported $50.06–$50.18).
- 2026-09-14: 4,593 shares sold, WAP $50.24 (range reported $50.00–$50.62).
- 2026-09-15: 668 shares sold, WAP $50.01 (range reported $50.00–$50.04).
- Total shares sold: 34,975; total proceeds: ~$1,751,611.
- Reported as open-market sales (Form 4 transaction code S).
- Footnotes: Trades were executed under a Rule 10b5-1 trading plan adopted by the reporting person on June 4, 2026. The filing reports weighted-average prices; the filer offers to provide the full breakdown of individual trade prices and quantities upon request.
- Shares owned after the transactions: not disclosed in the provided summary.
- Filing: Form 4 filed 2026-09-15 for transactions through 2026-09-15 — appears to be timely (Form 4 is generally due within two business days).
Context
Sales by executives can be for many routine reasons (diversification, liquidity, tax planning). Because these trades were made under a pre-established 10b5-1 plan, they were preplanned and generally carry less interpretive weight about the insider’s view of the company’s near-term prospects. This summary is factual and does not speculate on motives.