Heartflow (HTFL) CMO exercises 10,000 options under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heartflow, Inc. Chief Medical Officer Campbell Rogers reported an exercise of stock options into common shares. He exercised 10,000 stock options at an exercise price of $2.22 per share, receiving 10,000 shares of Heartflow common stock.
The filing shows Rogers holding 88,731 common shares directly after the transaction, plus additional indirect holdings in several trusts, including 50,754 shares held by The Campbell Rogers Revocable Trust. Following the exercise, he also retains 71,633 stock options directly. The option exercise was carried out under a pre-arranged Rule 10b5-1 Trading Plan adopted on December 12, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
10,000 shares exercised/converted
Mixed
6 txns
Insider
Rogers Campbell
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $2.22 | $22K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option — 71,633 shares (Direct, null);
Common Stock — 88,731 shares (Direct, null);
Common Stock — 22,615 shares (Indirect, By Campbell Rogers 2019 Irrevocable Trust)
Footnotes (1)
- The option exercise reported on this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on December 12, 2025. The option vests and becomes exercisable in monthly installments until July 1, 2027, subject to continued service through the applicable vesting date.
Key Figures
Options exercised: 10,000 shares
Exercise price: $2.22 per share
Direct common shares after exercise: 88,731 shares
+3 more
6 metrics
Options exercised
10,000 shares
Stock options converted to common stock on June 15, 2026
Exercise price
$2.22 per share
Exercise or conversion price of stock options
Direct common shares after exercise
88,731 shares
Total direct Heartflow common stock held after transaction
Remaining stock options
71,633 options
Direct stock options held after exercising 10,000 options
Revocable trust holdings
50,754 shares
Common stock held by The Campbell Rogers Revocable Trust
Spouse's trust holdings
26,012 shares
Common stock held by spouse’s trust
Key Terms
Rule 10b5-1 Trading Plan, Stock Option, derivative security, exercise price, +1 more
5 terms
Rule 10b5-1 Trading Plan regulatory
"The option exercise reported on this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option financial
"security_title: "Stock Option" with underlying security title "Common Stock""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"conversion_or_exercise_price: "2.2200" for the stock option"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership describing various trusts"
FAQ
What insider transaction did Heartflow (HTFL) report for Campbell Rogers?
Heartflow reported that Chief Medical Officer Campbell Rogers exercised 10,000 stock options into common shares. The options had a $2.22 per share exercise price, increasing his direct common stock holdings while leaving a substantial stock option position outstanding.
What is the size and price of the stock options exercised by Heartflow’s CMO?
Campbell Rogers exercised 10,000 Heartflow stock options at an exercise price of $2.22 per share. These options converted into 10,000 shares of common stock, reflecting a routine derivative exercise rather than an open-market share purchase or sale.
Does Campbell Rogers still hold Heartflow (HTFL) stock options after this exercise?
Yes. Following the transaction, Campbell Rogers retains 71,633 Heartflow stock options directly. These options are scheduled to vest in monthly installments until July 1, 2027, subject to his continued service with the company through each applicable vesting date.
Was the Heartflow (HTFL) option exercise by Campbell Rogers pre-planned?
The option exercise was executed under a pre-arranged Rule 10b5-1 Trading Plan adopted on December 12, 2025. Such plans schedule transactions in advance, helping separate routine portfolio management from discretionary timing decisions by company insiders.