HeartBeam grants director Willem Elfrink equity awards

Q: When do Willem Elfrink's BEAT RSUs and options vest?

The RSUs vest in full on the earlier of October 2, 2027 or HeartBeam's next annual meeting of stockholders following the grant date, subject to continued service as a non-employee director. Half the options vest on the grant date and half on January 1, 2027, subject to continued service. Unvested options accelerate immediately before a Change in Control.

The director's RSUs and options have different vesting schedules, and both are subject to continued service.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

HeartBeam, Inc. granted director Willem Elfrink 93,750 restricted stock units and options to buy 93,750 common shares on October 2, 2026. Each RSU represents a contingent right to one common share; the RSUs vest in full on the earlier of October 2, 2027 or the next annual meeting of stockholders following the grant date, subject to continued service. Half the options vest on the grant date and half on January 1, 2027, subject to continued service. The options have a $0.435 exercise price, expire October 2, 2036, and unvested options accelerate immediately before a Change in Control.

Insider Trade Summary

Grant/Award: 187,500 shares

Grant/Award 2 txns

Insider Elfrink Willem

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F1, F2}	93,750	$0.00	$0.00
Grant/Award	Stock Option (right to buy) ^F3	93,750	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 93,750 contracts (Direct); Stock Option (right to buy) — 93,750 contracts (Direct)

Footnotes (3)

F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F2. The RSUs were granted on October 2, 2026 under the Issuer's 2022 Equity Incentive Plan, as amended (the "Plan"), as an annual RSU award to non-employee directors. One hundred percent (100%) of the RSUs will vest on the earlier of October 2, 2027 or the date of the Issuer's next annual meeting of stockholders following the grant date, subject to the Reporting Person's continued service as a non-employee director through the vesting date. Vested RSUs will be settled in shares of common stock. RSUs do not expire.
F3. The stock option was granted on October 2, 2026 under the Plan. The option vests as to one-half (1/2) of the underlying shares on the grant date, and as to the remaining one-half (1/2) on January 1, 2027, subject to the Reporting Person's continued service as a non-employee director through the applicable vesting date, with full acceleration of any then-unvested shares immediately prior to a Change in Control (as defined in the Plan).

Key Figures

Restricted stock units granted: 93,750 restricted stock units Common shares underlying options: 93,750 shares Option exercise price: $0.435 per share +2 more

5 metrics

Restricted stock units granted 93,750 restricted stock units Granted October 2, 2026; each represents a contingent right to one common share

Common shares underlying options 93,750 shares Options granted October 2, 2026

Option exercise price $0.435 per share Options granted October 2, 2026

RSU vesting date October 2, 2027 RSUs vest in full on the earlier of this date or the next annual meeting of stockholders following the grant date, subject to continued service

Option expiration date October 2, 2036 Options granted October 2, 2026

Key Terms

Restricted Stock Units, vesting, Change in Control

3 terms

Restricted Stock Units technical

"Each restricted stock unit ("RSU") represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting technical

"subject to the Reporting Person's continued service as a non-employee director through the vesting date"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Change in Control technical

"full acceleration of any then-unvested shares immediately prior to a Change in Control"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did HeartBeam (BEAT) grant to director Willem Elfrink?

On October 2, 2026, HeartBeam granted director Willem Elfrink 93,750 restricted stock units and options covering 93,750 common shares. Each restricted stock unit represents a contingent right to receive one common share.

When do Willem Elfrink's BEAT RSUs and options vest?

The RSUs vest in full on the earlier of October 2, 2027 or HeartBeam's next annual meeting of stockholders following the grant date, subject to continued service as a non-employee director. Half the options vest on the grant date and half on January 1, 2027, subject to continued service. Unvested options accelerate immediately before a Change in Control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/09/2026 - 04:23 PM EDT Accepted by SEC EDGAR 10/09/2026 - 04:22 PM EDT

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Elfrink Willem

(Last)

(First)

(Middle)

2118 WALSH AVENUE, SUITE 210

(Street)

SANTA CLARA

CALIFORNIA

95050

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	10/02/2026		A		93,750		⁽²⁾	⁽²⁾	Common Stock	93,750	$0	93,750	D
Stock Option (right to buy)	$0.435	10/02/2026		A		93,750		⁽³⁾	10/02/2036	Common Stock	93,750	$0	93,750	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.

2. The RSUs were granted on October 2, 2026 under the Issuer's 2022 Equity Incentive Plan, as amended (the "Plan"), as an annual RSU award to non-employee directors. One hundred percent (100%) of the RSUs will vest on the earlier of October 2, 2027 or the date of the Issuer's next annual meeting of stockholders following the grant date, subject to the Reporting Person's continued service as a non-employee director through the vesting date. Vested RSUs will be settled in shares of common stock. RSUs do not expire.

3. The stock option was granted on October 2, 2026 under the Plan. The option vests as to one-half (1/2) of the underlying shares on the grant date, and as to the remaining one-half (1/2) on January 1, 2027, subject to the Reporting Person's continued service as a non-employee director through the applicable vesting date, with full acceleration of any then-unvested shares immediately prior to a Change in Control (as defined in the Plan).

	/s/ Willem Elfrink	10/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR