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[Form 4] HeartBeam, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Richard Ferrari, a director of HeartBeam, Inc. (BEAT), filed a Form 4 reporting changes in his beneficial ownership. The filing shows 65,653 shares of common stock held indirectly through the Ferrari Living Trust and a disposition of 179,136 shares. The report also records two restricted stock unit/award grants: 80,645 RSUs awarded on July 11, 2025 and 43,939 RSUs granted on September 30, 2025.

The July RSUs vest 100% on the earlier of July 11, 2026 or the issuer's 2026 annual meeting, subject to continued service as an Outside Director. The September RSUs vest in two tranches: one half at three months and the remainder at six months from the vesting commencement date (July 1, 2025). The July RSUs are described as restricted stock units that do not expire and convert to one share each upon vesting.

Richard Ferrari, un direttore di HeartBeam, Inc. (BEAT), ha presentato un Modulo 4 che riporta cambiamenti nella sua proprietà beneficiaria. La dichiarazione mostra 65.653 azioni ordinarie detenute in modo indiretto tramite il Ferrari Living Trust e una alienazione di 179.136 azioni. Il rapporto registra anche due assegnazioni di unità azionarie vincolate/RSU: 80.645 RSU assegnate il 11 luglio 2025 e 43.939 RSU concesse il 30 settembre 2025.

Le RSU di luglio maturano al 100% alla prima delle due date: 11 luglio 2026 o l’ assemblea annuale di 2026 dell’emittente, soggette al proseguimento del servizio come Outside Director. Le RSU di settembre maturano in due tranche: metà dopo tre mesi e la restante metà dopo sei mesi dalla data di inizio maturazione (1 luglio 2025). Le RSU di luglio sono descritte come unità azionarie vincolate che non scadono e si trasformano in una azione ciascuna al vesting.

Richard Ferrari, un director de HeartBeam, Inc. (BEAT), presentó un Formulario 4 reportando cambios en su propiedad Beneficiaria. El archivo muestra 65,653 acciones ordinarias en propiedad indirecta a través del Ferrari Living Trust y una disposición de 179,136 acciones. El informe también registra dos asignaciones de unidades de acción restringidas/RSU: 80,645 RSU otorgadas el 11 de julio 2025 y 43,939 RSU concedidas el 30 de septiembre 2025.

Las RSU de julio se consolidan al 100% en la primera de las siguientes fechas: 11 de julio 2026 o la reunión anual de 2026 del emisor, sujeto a la continuidad del servicio como Director Externo. Las RSU de septiembre se consolidan en dos tramos: la mitad a los tres meses y la restante mitad a los seis meses desde la fecha de inicio de la consolidación (1 de julio 2025). Las RSU de julio se describen como unidades de acción restringidas que no expiran y se convierten en una acción cada una al vesting.

리차드 페라리, HeartBeam, Inc. (BEAT)의 이사,는 자신의 이익 소유 변화에 대해 Form 4를 제출했습니다. 제출서에는 65,653주가 간접적으로 Ferrari Living Trust를 통해 보유되었고 179,136주 처분이 기재되어 있습니다. 보고서는 또한 두 건의 제한 주식 단위/RSU 수여를 기록합니다: 80,645 RSU가 2025년 7월 11일에 부여되고 43,939 RSU가 2025년 9월 30일에 부여되었습니다.

7월 RSU는 발행자가 2026년의 연례 주주총회 먼저 맞는 날짜 또는 2026년 7월 11일 중 먼저 100% vesting되며 Outside Director로서의 지속적인 재직이 조건입니다. 9월 RSU는 vesting을 두 구간으로 나누어, 발효 시작일인 2025년 7월 1일로부터 3개월 차에 절반, 6개월 차에 나머지로 vest합니다. 7월 RSU는 소멸하지 않는 제한 주식 단위로서 vesting 시 각 주식으로 전환됩니다.

Richard Ferrari, un administrateur de HeartBeam, Inc. (BEAT), a déposé un formulaire 4 signalant des changements dans sa propriété bénéficiaire. Le dépôt indique 65 653 actions ordinaires détenues indirectement par le biais du Ferrari Living Trust et une cession de 179 136 actions. Le rapport enregistre également deux attributions d’unités d’actions restreintes: 80 645 RSU accordées le 11 juillet 2025 et 43 939 RSU accordées le 30 septembre 2025.

Les RSU de juillet se vestent à 100% à la première des dates suivantes: 11 juillet 2026 ou l’assemblée générale de 2026 de l’émetteur, sous réserve de la poursuite de son service en tant qu’Outside Director. Les RSU de septembre se vestent en deux tranches: la moitié à trois mois et le reste à six mois à partir de la date de début du vesting (1er juillet 2025). Les RSU de juillet sont décrites comme des unités d’actions restreintes qui n’expirent pas et se convertissent en une action chacune lors du vesting.

Richard Ferrari, ein Vorstand von HeartBeam, Inc. (BEAT), hat ein Formular 4 eingereicht, das Änderungen in seinem wirtschaftlich berechtigten Eigentum meldet. Die Einreichung zeigt 65.653 Stammaktien, die indirekt über das Ferrari Living Trust gehalten werden, sowie eine Veräußerung von 179.136 Aktien. Der Bericht verzeichnet auch zwei Zuteilungen von Restricted Stock Units/RSUs: 80.645 RSUs, vergeben am 11. Juli 2025, und 43.939 RSUs, vergeben am 30. September 2025.

Die July-RSUs vesten zu 100% am frühesten der beiden Termine: 11. Juli 2026 oder der Jahresversammlung des Emittenten 2026, vorbehaltlich der fortgesetzten Tätigkeit als Outside Director. Die September-RSUs vesten in zwei Tranchen: die Hälfte nach drei Monaten und der Rest nach sechs Monaten ab dem Vesting-Beginn (1. Juli 2025). Die July-RSUs werden als Restricted Stock Units beschrieben, die nicht verfallen und bei Vesting in jeweils eine Aktie umgewandelt werden.

ريتشارد فيراري، مدير في HeartBeam, Inc. (BEAT)، قدم نموذج 4 للإبلاغ عن تغييرات في ملكيته المستفيدة. يظهر ملف الإيداع 65,653 سهماً عاديًا مملوكًا بشكل غير مباشر من خلال Ferrari Living Trust و تصرفًا في 179,136 سهماً. كما يسجل التقرير منح وحدتي أسهم مقيدة/RSU: 80,645 RSU مُمنوحة في 11 يوليو 2025 و 43,939 RSU مُنحت في 30 سبتمبر 2025.

RSUs لشهر يوليو تتفنش بنسبة 100% في أقرب تاريخين: 11 يوليو 2026 أو اجتماع المساهمين السنوي لعام 2026 للمصدر، شريطة استمرار الخدمة كـ Outside Director. RSU لشهر سبتمبر تفنش في دفعتين: نصفها بعد ثلاثة أشهر والباقي بعد ستة أشهر من تاريخ بدء vesting (1 يوليو 2025). وتُوصف RSU لشهر يوليو كعقود أسهم مقيدة لا تنتهي وتتحول إلى سهم واحد عند vesting.

Richard Ferrari,是HeartBeam, Inc. (BEAT)的董事,提交了报告其受益所有权变动的表格4。该备案显示通过Ferrari Living Trust间接持有的普通股共65,653股,以及179,136股的处置。报告还记录了两项受限股票单位/RSU的授予:80,645份RSU于2025年7月11日授予,43,939份RSU于2025年9月30日授予。

7月的RSU在以下日期中较早的那一天100%归属于:2026年7月11日或发行人2026年的年度股东大会,前提是继续担任Outside Director。9月的RSU分两批归属:在起始日(2025年7月1日)起三个月后归属一半,在六个月后归属剩余部分。7月的RSU被描述为不会到期的受限股票单位, vesting时将转化为每单位一股。

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Insights

Director reporting shows stock disposition and time‑based equity awards for alignment.

The Form 4 discloses a disposition of 179,136 common shares and an indirect holding of 65,653 shares via the Ferrari Living Trust. The juxtaposition of a sizeable disposal with newly granted RSUs indicates a shift from liquid holdings to time‑vested compensation while maintaining a formal equity interest.

The RSUs vest on explicit schedules—100% on or before July 11, 2026 for the July grant and three‑ and six‑month tranches for the September grant—linking future ownership to continued service as an Outside Director.

Equity awards are structured with short‑term vesting milestones and one‑year cliff for an Outside Director.

The filing specifies an 80,645 RSU grant dated July 11, 2025 that vests by July 11, 2026 or the 2026 annual meeting, and a 43,939 Special RSU grant with three‑ and six‑month vesting from a July 1, 2025 commencement. These schedules create near‑term vesting events that will result in issuance of common shares if service conditions are met.

Richard Ferrari, un direttore di HeartBeam, Inc. (BEAT), ha presentato un Modulo 4 che riporta cambiamenti nella sua proprietà beneficiaria. La dichiarazione mostra 65.653 azioni ordinarie detenute in modo indiretto tramite il Ferrari Living Trust e una alienazione di 179.136 azioni. Il rapporto registra anche due assegnazioni di unità azionarie vincolate/RSU: 80.645 RSU assegnate il 11 luglio 2025 e 43.939 RSU concesse il 30 settembre 2025.

Le RSU di luglio maturano al 100% alla prima delle due date: 11 luglio 2026 o l’ assemblea annuale di 2026 dell’emittente, soggette al proseguimento del servizio come Outside Director. Le RSU di settembre maturano in due tranche: metà dopo tre mesi e la restante metà dopo sei mesi dalla data di inizio maturazione (1 luglio 2025). Le RSU di luglio sono descritte come unità azionarie vincolate che non scadono e si trasformano in una azione ciascuna al vesting.

Richard Ferrari, un director de HeartBeam, Inc. (BEAT), presentó un Formulario 4 reportando cambios en su propiedad Beneficiaria. El archivo muestra 65,653 acciones ordinarias en propiedad indirecta a través del Ferrari Living Trust y una disposición de 179,136 acciones. El informe también registra dos asignaciones de unidades de acción restringidas/RSU: 80,645 RSU otorgadas el 11 de julio 2025 y 43,939 RSU concedidas el 30 de septiembre 2025.

Las RSU de julio se consolidan al 100% en la primera de las siguientes fechas: 11 de julio 2026 o la reunión anual de 2026 del emisor, sujeto a la continuidad del servicio como Director Externo. Las RSU de septiembre se consolidan en dos tramos: la mitad a los tres meses y la restante mitad a los seis meses desde la fecha de inicio de la consolidación (1 de julio 2025). Las RSU de julio se describen como unidades de acción restringidas que no expiran y se convierten en una acción cada una al vesting.

리차드 페라리, HeartBeam, Inc. (BEAT)의 이사,는 자신의 이익 소유 변화에 대해 Form 4를 제출했습니다. 제출서에는 65,653주가 간접적으로 Ferrari Living Trust를 통해 보유되었고 179,136주 처분이 기재되어 있습니다. 보고서는 또한 두 건의 제한 주식 단위/RSU 수여를 기록합니다: 80,645 RSU가 2025년 7월 11일에 부여되고 43,939 RSU가 2025년 9월 30일에 부여되었습니다.

7월 RSU는 발행자가 2026년의 연례 주주총회 먼저 맞는 날짜 또는 2026년 7월 11일 중 먼저 100% vesting되며 Outside Director로서의 지속적인 재직이 조건입니다. 9월 RSU는 vesting을 두 구간으로 나누어, 발효 시작일인 2025년 7월 1일로부터 3개월 차에 절반, 6개월 차에 나머지로 vest합니다. 7월 RSU는 소멸하지 않는 제한 주식 단위로서 vesting 시 각 주식으로 전환됩니다.

Richard Ferrari, un administrateur de HeartBeam, Inc. (BEAT), a déposé un formulaire 4 signalant des changements dans sa propriété bénéficiaire. Le dépôt indique 65 653 actions ordinaires détenues indirectement par le biais du Ferrari Living Trust et une cession de 179 136 actions. Le rapport enregistre également deux attributions d’unités d’actions restreintes: 80 645 RSU accordées le 11 juillet 2025 et 43 939 RSU accordées le 30 septembre 2025.

Les RSU de juillet se vestent à 100% à la première des dates suivantes: 11 juillet 2026 ou l’assemblée générale de 2026 de l’émetteur, sous réserve de la poursuite de son service en tant qu’Outside Director. Les RSU de septembre se vestent en deux tranches: la moitié à trois mois et le reste à six mois à partir de la date de début du vesting (1er juillet 2025). Les RSU de juillet sont décrites comme des unités d’actions restreintes qui n’expirent pas et se convertissent en une action chacune lors du vesting.

Richard Ferrari, ein Vorstand von HeartBeam, Inc. (BEAT), hat ein Formular 4 eingereicht, das Änderungen in seinem wirtschaftlich berechtigten Eigentum meldet. Die Einreichung zeigt 65.653 Stammaktien, die indirekt über das Ferrari Living Trust gehalten werden, sowie eine Veräußerung von 179.136 Aktien. Der Bericht verzeichnet auch zwei Zuteilungen von Restricted Stock Units/RSUs: 80.645 RSUs, vergeben am 11. Juli 2025, und 43.939 RSUs, vergeben am 30. September 2025.

Die July-RSUs vesten zu 100% am frühesten der beiden Termine: 11. Juli 2026 oder der Jahresversammlung des Emittenten 2026, vorbehaltlich der fortgesetzten Tätigkeit als Outside Director. Die September-RSUs vesten in zwei Tranchen: die Hälfte nach drei Monaten und der Rest nach sechs Monaten ab dem Vesting-Beginn (1. Juli 2025). Die July-RSUs werden als Restricted Stock Units beschrieben, die nicht verfallen und bei Vesting in jeweils eine Aktie umgewandelt werden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ferrari Richard

(Last) (First) (Middle)
2118 WALSH AVE, SUITE 210

(Street)
SANTA CLARA CA 95050

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HeartBeam, Inc. [ BEAT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 65,653 I See Footnote(1)
Common Stock 179,136 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Award $0 (2) (3) Common Stock 80,645 80,645 D
Restricted Stock Award $0 (4) (3) Common Stock 43,939 43,939 D
Explanation of Responses:
1. These shares are held by the Ferrari Living Trust, of which the Reporting Person is the trustee.
2. 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.
3. RSUs do not expire, they either vest or are canceled prior to vesting date
4. Granted Restricted Stock Units (RSU's) on September 30, 2025, one half of the total number of Shares subject to the Special RSU shall vest on the three-month anniversary of the vesting commencement date (July 1, 2025) and the remaining Shares subject to the Special RSU shall vest on the six-month anniversary of the vesting commencement date. These RSUs have been issued from the Company's 2022 Equity Incentive Plan.
Remarks:
/s/ Richard Ferrari 10/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Heartbeam Inc

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SANTA CLARA