Form 4: HeartBeam CFO Granted 23,333 Restricted Stock Units
Insider Transaction Report
HeartBeam's CFO, Tim Cruickshank, reported the beneficial ownership of 17,647 common shares and a grant of 23,333 restricted stock units.
Summary
- Tim Cruickshank, Chief Financial Officer (CFO) of HeartBeam, Inc. (BEAT), filed a Form 4 reporting changes in beneficial ownership.
- The filing indicates that Cruickshank beneficially owns 17,647 shares of common stock directly.
- Cruickshank was granted 23,333 Restricted Stock Units (RSUs) on September 30, 2025, under the Company's 2022 Equity Incentive Plan.
- One half of these RSUs (11,666.5 shares) are scheduled to vest on October 1, 2025, which is the three-month anniversary of the July 1, 2025 vesting commencement date.
- The remaining half of the RSUs (11,666.5 shares) are scheduled to vest on January 1, 2026, which is the six-month anniversary of the vesting commencement date.
Sentiment
Score: 6
Explanation: The grant of Restricted Stock Units to the CFO is generally viewed as a positive development, as it aligns management's financial interests with those of the shareholders, fostering long-term commitment and performance.
Positives
- The grant of 23,333 Restricted Stock Units (RSUs) to the CFO aligns management's financial interests with those of the shareholders.
- The RSUs are issued from the Company's established 2022 Equity Incentive Plan, indicating a structured and approved compensation framework.
Future Outlook
This Form 4 filing reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's financial performance or strategic outlook.
Industry Context
This filing is specific to an individual insider's equity compensation and does not provide information directly related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of Restricted Stock Units to the CFO under the Company's 2022 Equity Incentive Plan. | September 30, 2025 | Demonstrates the company's use of an established equity compensation framework to incentivize and retain key executives, aligning their interests with long-term shareholder value. |
Stakeholder Impact
- Shareholders: The grant of equity to the CFO enhances alignment between management and shareholder interests, potentially leading to more focused efforts on long-term value creation.
- Employees: Reflects the company's compensation strategy for key personnel, which can influence overall employee morale and retention strategies.
Next Steps
- Vesting of 11,666.5 Restricted Stock Units on October 1, 2025.
- Vesting of 11,666.5 Restricted Stock Units on January 1, 2026.
Key Dates
| Date | Description |
|---|---|
| July 1, 2025 | Vesting commencement date for the Restricted Stock Units |
| September 30, 2025 | Date of earliest transaction (grant of Restricted Stock Units) |
| October 1, 2025 | Vesting date for one half (11,666.5 shares) of the granted Restricted Stock Units |
| October 3, 2025 | Signature date of the reporting person on the Form 4 |
| January 1, 2026 | Vesting date for the remaining half (11,666.5 shares) of the granted Restricted Stock Units |
Keywords
HeartBeam, BEAT, Form 4, insider transaction, Tim Cruickshank, CFO, Restricted Stock Units, RSU, equity compensation, beneficial ownership, 2022 Equity Incentive Plan
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