HeartBeam (BEAT) CFO boosts stake in 12.5M-share public offering

Rhea-AI Filing Summary

HeartBeam, Inc. CFO Tim Cruickshank increased his stake by buying 31,250 shares of common stock at $0.80 per share. The purchase was made in connection with HeartBeam’s underwritten public offering of 12,500,000 shares of common stock.

The offering priced on April 14, 2026 and closed on April 16, 2026, with Titan Partners, a division of American Capital Partners, acting as sole bookrunner. After this transaction, Cruickshank directly owns 72,230 shares, including 23,333 RSUs that have vested.

Insider Trade Summary

Net Buyer: 31,250 shares ($25,000)

Net Buy 1 txn

Insider Cruickshank Tim

Role CFO

Bought 31,250 shs ($25K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	31,250	$0.80	$25K

Holdings After Transaction: Common Stock — 72,230 shares (Direct)

Footnotes (1)

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. Includes 23,333 RSUs which have vested as per the Form 4 filed on October 3, 2025.

Key Figures

Insider purchase size: 31,250 shares Purchase price: $0.80 per share Holdings after transaction: 72,230 shares +3 more

6 metrics

Insider purchase size 31,250 shares Common stock bought by CFO on April 16, 2026

Purchase price $0.80 per share Price paid by CFO for common stock

Holdings after transaction 72,230 shares Total common shares directly owned by CFO after purchase

Vested RSUs included 23,333 RSUs RSUs that have vested and are included in post-transaction holdings

Public offering size 12,500,000 shares HeartBeam underwritten public offering linked to CFO purchase

Net shares bought 31,250 shares Net buy volume in transactionSummary (net-buy direction)

Key Terms

underwritten public offering, RSUs, sole bookrunner, open-market purchase

4 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.

RSUs financial

"Includes 23,333 RSUs which have vested as per the Form 4 filed on October 3, 2025."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

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.

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Form 4 Insider Transactions: What Each Field Means →

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^*

Cruickshank Tim

(Last) (First) (Middle)

2118 WALSH AVE

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/16/2026		P		31,250(1)	A	$0.8	72,230(2)	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

Explanation of Responses:

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.

2. Includes 23,333 RSUs which have vested as per the Form 4 filed on October 3, 2025.

	/s/ Tim Cruickshank	04/16/2026
	** 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)

FAQ

What did HeartBeam (BEAT) CFO Tim Cruickshank do in this Form 4 filing?

HeartBeam CFO Tim Cruickshank reported buying 31,250 shares of common stock at $0.80 per share. This open-market style purchase was tied to the company’s underwritten public offering, increasing his direct holdings to 72,230 shares, including 23,333 vested RSUs.

At what price did HeartBeam (BEAT) CFO Tim Cruickshank purchase his new shares?

He purchased 31,250 HeartBeam common shares at $0.80 per share. The transaction occurred in connection with HeartBeam’s underwritten public offering of 12,500,000 shares, which priced on April 14, 2026 and closed on April 16, 2026.

How many HeartBeam (BEAT) shares does the CFO hold after this transaction?

After the transaction, CFO Tim Cruickshank directly holds 72,230 shares of HeartBeam common stock. This total includes 23,333 restricted stock units (RSUs) that have already vested, as previously reported in a Form 4 filed on October 3, 2025.

What is the size of the HeartBeam (BEAT) underwritten public offering linked to this Form 4?

The purchase was made in connection with HeartBeam’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 this offering, which priced April 14, 2026 and closed April 16, 2026.

Who managed the HeartBeam (BEAT) underwritten public offering associated with the CFO’s share purchase?

Titan Partners, a division of American Capital Partners, served as sole bookrunner for HeartBeam’s underwritten public offering. The offering consisted of 12,500,000 common shares, priced on April 14, 2026 and closing on April 16, 2026, when the CFO’s purchase was completed.