HeartBeam (BEAT) director receives 44,827-share stock option grant at $1.43
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HeartBeam, Inc. director Marga Ortigas-Wedekind received a grant of stock options representing the right to buy 44,827 shares of common stock at an exercise price of $1.43 per share. This is a compensation-related award, not an open-market share purchase or sale.
According to the grant terms, one half of the options, covering 22,413.5 underlying shares, will vest on March 31, 2026, and the remaining half will vest on June 30, 2026. The options were issued under HeartBeam’s 2022 Equity Incentive Plan and expire on January 1, 2036, giving the director a long-term incentive tied to the company’s share performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ortigas-Wedekind Marga
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock(right to buy) | 44,827 | $0.00 | -- |
Holdings After Transaction:
Common Stock(right to buy) — 44,827 shares (Direct)
Footnotes (1)
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FAQ
What did HeartBeam (BEAT) director Marga Ortigas-Wedekind report on this Form 4?
The Form 4 shows a grant of stock options to buy 44,827 HeartBeam common shares at $1.43 per share. This is a compensation-related award, not an open-market trade, and represents a new long-term equity incentive position for the director.
Is the HeartBeam (BEAT) Form 4 transaction a stock purchase or sale?
The transaction is not a market purchase or sale; it is a grant of stock options. The director received the right to buy 44,827 shares at $1.43 in the future, subject to vesting, with no cash changing hands at grant.
What are the vesting terms of the HeartBeam (BEAT) director’s option grant?
Half of the granted options will vest on March 31, 2026, and the remaining half on June 30, 2026. Vesting is tied to a commencement date of January 1, 2026, creating a short, defined schedule for the director’s equity to become exercisable.
What is the exercise price and expiration date of the HeartBeam (BEAT) options?
The options have a conversion or exercise price of $1.43 per underlying share and expire on January 1, 2036. This long-dated term gives the director a multi-year window to decide whether to exercise based on HeartBeam’s stock performance.
Under which plan were the HeartBeam (BEAT) options to Marga Ortigas-Wedekind issued?
The options were issued from HeartBeam’s 2022 Equity Incentive Plan. Such plans are commonly used to grant equity-based compensation, aligning directors’ and employees’ interests with shareholders through stock options and other share-linked awards.