Form 4: HeartBeam Director Michael Jaff Reports Acquisition and Disposal of Common Stock

Director Michael Jaff of HeartBeam, Inc. reports acquiring and disposing of common stock and holding restricted stock units.

Summary

• On June 12, 2024, Michael Jaff, a director of HeartBeam, Inc., acquired 33,185 shares of common stock.
• On the same day, Jaff disposed of 75,120 shares of common stock.
• Following these transactions, Jaff beneficially owns 75,120 shares of common stock.
• Jaff also holds restricted stock units (RSUs), each representing a contingent right to receive one share of HeartBeam's common stock.
• These RSUs will vest on the earlier of June 12, 2025, or the date of the Issuer's 2025 annual meeting of stockholders, contingent on Jaff remaining an Outside Director.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The vesting of RSUs is contingent on Michael Jaff remaining an Outside Director through the applicable vesting date, which is the earlier of June 12, 2025, or the date of the Issuer's 2025 annual meeting of stockholders.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the public markets. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they reflect insider trading activity, which is closely monitored by investors.

Key Dates