[Form 4] Heartland Express Inc Insider Trading Activity

Rhea-AI Filing Summary

Investar Holding Corporation (ISTR) – Form 4 insider filing

Chief Financial Officer John R. Campbell reported that on 1 July 2025 he acquired 30 shares of Series A Non-cumulative Perpetual Convertible Preferred Stock (transaction code “A”). Each preferred share carries a fixed, adjustable conversion feature and is presently linked to an aggregate of 1,428.57 shares of Investar common stock. The preferred shares were purchased at the stated price of $1,000 per share and are held directly. No common-stock sales or other dispositions were disclosed, and the filing solely updates Mr. Campbell’s beneficial ownership to include the newly acquired preferred shares.

Positive

• CFO increased personal stake through direct purchase of convertible preferred shares, a potential (though small) signal of management confidence.

Negative

• None.

Insights

Securities Analyst

TL;DR Small insider purchase of 30 convertible preferred shares; limited quantitative impact, largely neutral but mildly confidence-building.

The transaction has a face value of about $30,000 and translates into 1,428.57 potential common shares—immaterial against Investar’s overall equity base. Because the preferred is perpetual and convertible, it can align management incentives with long-term equity appreciation. However, the size is too modest to influence earnings, capital ratios, or market sentiment materially. Accordingly, I view the development as informational and neutral for valuation models.

Corporate Governance Expert

TL;DR Direct purchase by CFO modestly strengthens alignment; no governance red flags detected.

The Form 4 shows voluntary disclosure of a straightforward insider acquisition with no complex indirect vehicles, suggesting transparent reporting practices. The use of a standard convertible preferred instrument is common for executive investment. There are no indications of accelerated vesting, related-party transactions, or sales offsets. As such, the filing neither raises governance concerns nor materially alters insider ownership patterns, leaving overall impact neutral.

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^*

Rigdon Kent Daryl

(Last) (First) (Middle)

901 HEARTLAND WAY

(Street)

NORTH LIBERTY IA 52317

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HEARTLAND EXPRESS INC [ HTLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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	07/01/2025		F		86(1)	D	$8.93	1,097(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. Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of restricted stock granted to the reporting person.

2. Reflects the disposition of 1,133 shares for which disposition records are no longer available.

Remarks:

	/s/Kent D. Rigdon, by Christopher A. Strain, pursuant to power of attorney previously filed	07/03/2025
	** 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.

FAQ

What security did Investar (ISTR) CFO John Campbell buy?

He acquired 30 shares of Series A Non-cumulative Perpetual Convertible Preferred Stock.

When was the insider transaction executed?

The purchase occurred on July 1, 2025 and was reported on Form 4 filed July 3, 2025.

How many common shares could the preferred stock convert into?

The 30 preferred shares are linked to 1,428.57 shares of Investar common stock based on the current conversion terms.

What price was paid for the preferred shares?

The stated purchase price was $1,000 per preferred share.

Did the filing report any sales or dispositions?

No. The Form 4 shows only an acquisition; there were no dispositions of common or derivative securities.

Is the ownership direct or indirect?

The preferred shares are held directly by Mr. Campbell.