BEAT director reports 60,483 RSUs and 39,394-share option at $1.65
Rhea-AI Filing Summary
Marga Ortigas-Wedekind, a director of HeartBeam, Inc. (BEAT), reported multiple transactions on this Form 4. The filing shows a disposition of 112,293 shares of common stock and remaining beneficial ownership entries including 16,824 shares held indirectly. The reporting person received 60,483 restricted stock units (RSUs) granted on July 11, 2025; those RSUs vest 100% on the earlier of July 11, 2026 or the company’s 2026 annual meeting, subject to continued service as an Outside Director. The filing also discloses a stock option covering 39,394 underlying shares with an exercise price of $1.65 and an indicated post-transaction derivative beneficial ownership total of 83,029 shares. The RSUs are non-expiring (vest or cancel) and the option vesting schedule references a July 1, 2025 commencement with staged vesting.
Positive
- 60,483 RSUs granted on 07/11/2025 with 100% vesting by 07/11/2026 (or 2026 annual meeting)
- 39,394-share option issued at an exercise price of $1.65, providing potential future alignment with shareholders
Negative
- Disposition of 112,293 shares was reported, reducing direct beneficial ownership
- Significant insider sale disclosed without a reported sale price in this Form 4
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Award | -- | -- | -- |
| holding | Common Stock (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These securities are restricted stock units (RSUs) granted on July 11, 2025. Each RSU represents a contingent right to receive one share of Common Stock of the Issuer. 100% of the RSUs shall vest on the earlier of July 11, 2026, or the date of the Issuer's 2026 annual meeting of stockholders, subject to the Reporting Person continuing to be an Outside Director (as defined in the Issuer's 2022 Equity Inventive Plan) through the applicable vesting date. RSUs do not expire, they either vest or are canceled prior to vesting date Granted options on September 30, 2025, one half of the total number of Shares subject to the Special Option shall vest on the three-month anniversary of the vesting commencement date (July 1, 2025) and the remaining Shares shall vest on the six-month anniversary of the vesting commencement date. These options have been issued from the Company's 2022 Equity Incentive Plan.
