750K HeartBeam (NASDAQ: BEAT) shares bought via underwritten offering
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HeartBeam, Inc. director-associated entities acquired 750,000 shares of common stock at $0.80 per share in an underwritten public offering of 12,500,000 shares. The purchase was an open-market style transaction tied to the offering that priced on April 14, 2026 and closed on April 16, 2026.
The shares are held by Strome Mezzanine Fund II, LP, the Mark E. Strome Living Trust and Strome Dynasty, LLC. Following this transaction, entities associated with director Mark E. Strome hold 3,650,000 shares of HeartBeam common stock indirectly. Mr. Strome has voting and disposal authority but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 750,000 shares ($600,000)
Net Buy
1 txn
Insider
STROME MARK E
Role
Director
Bought
750,000 shs ($600K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 750,000 | $0.80 | $600K |
Holdings After Transaction:
Common Stock — 3,650,000 shares (Indirect, See Footnote)
Footnotes (1)
- These shares were purchased in connection with the Registrant's underwritten public offering of 12,500,000 shares of common stock. Titan Partners, a division of American Capital Partners, acted as the sole bookrunner for the offering, which priced on April 14, 2026, and closed on April 16, 2026. The reported securities are held directly by Strome Mezzanine Fund II, LP, Mark E. Strome Living Trust and Strome Dynasty, LLC. Mr. Strome has the authority to vote and dispose of the reported securities held by each of these entities. Mr. Strome disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that Mr. Strome is a beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Shares purchased: 750,000 shares
Purchase price: $0.80 per share
Indirect holdings after trade: 3,650,000 shares
+2 more
5 metrics
Shares purchased
750,000 shares
Open-market purchase on April 16, 2026
Purchase price
$0.80 per share
Price paid for HeartBeam common stock
Indirect holdings after trade
3,650,000 shares
Total indirect HeartBeam shares held after transaction
Underwritten offering size
12,500,000 shares
HeartBeam public offering connected to the purchase
Transaction date
April 16, 2026
Closing date of offering and share purchase
Key Terms
underwritten public offering, sole bookrunner, beneficial ownership, pecuniary interest, +1 more
5 terms
underwritten public offering financial
"These shares were purchased in connection with the Registrant's underwritten public offering of 12,500,000 shares"
An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.
sole bookrunner financial
"Titan Partners, a division of American Capital Partners, acted as the sole bookrunner for the offering"
A sole bookrunner is the main organization responsible for managing and coordinating a financial offering, such as selling bonds or shares to investors. They handle tasks like setting the price, finding buyers, and ensuring the process runs smoothly, much like a conductor leading an orchestra. This role matters to investors because it signals who is overseeing the deal and can influence how smoothly the offering proceeds.
beneficial ownership financial
"Mr. Strome disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What is the total indirect HeartBeam (BEAT) holding after this transaction?
After the transaction, entities linked to Mark E. Strome hold 3,650,000 HeartBeam shares indirectly. These holdings are spread across Strome Mezzanine Fund II, a living trust, and Strome Dynasty, LLC, with Mr. Strome having voting and disposal authority.