Form 4: HeartBeam Director Nelson Receives RSU Grant

HeartBeam, Inc. Director Kenneth Warwick Nelson III reported the acquisition of 17,241 restricted stock units (RSUs) as part of the company's 2022 Equity Incentive Plan.

Summary

• Kenneth Warwick Nelson III, a Director and 10% Owner of HeartBeam, Inc. (BEAT), acquired 17,241 shares of common stock in the form of Restricted Stock Units (RSUs).
• The RSUs were granted on February 9, 2026, with a vesting commencement date of January 1, 2026.
• One half of the total RSUs (8,620.5 shares) will vest on March 31, 2026, which is the three-month anniversary of the vesting commencement date.
• The remaining half of the RSUs (8,620.5 shares) will vest on June 30, 2026, marking the six-month anniversary of the vesting commencement date.
• These RSUs were issued under the Company's 2022 Equity Incentive Plan.
• Following this transaction, Kenneth Warwick Nelson III beneficially owns 144,388 shares directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development, as it represents a standard compensation practice that enhances insider ownership and aligns the director's financial interests with the company's long-term success.

Positives

• The grant of Restricted Stock Units to a director and 10% owner aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that the grant of restricted stock units is a common practice in the medical technology and healthcare sectors to incentivize and retain key personnel, aligning their long-term interests with company performance and shareholder value.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholder value through equity-based compensation.
• Employees: The RSU grant is part of the company's 2022 Equity Incentive Plan, which generally benefits employees and directors by providing long-term incentives.

Next Steps

• One half of the granted RSUs are scheduled to vest on March 31, 2026.
• The remaining half of the granted RSUs are scheduled to vest on June 30, 2026.

Key Dates

Keywords

HeartBeam, BEAT, Restricted Stock Units, RSU, Insider Ownership, Director Compensation, Equity Incentive Plan, SEC Form 4