Form 4: HeartBeam Director Sells Shares to Cover Tax Obligations
SEC Form 4
George de Urioste, a director at HeartBeam, Inc., sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On August 23, 2024, George de Urioste, a director of HeartBeam, Inc., sold 2,500 shares of common stock at a price of $2.3 per share.
- On August 26, 2024, de Urioste sold an additional 300 shares at $2.38 per share.
- These sales were made to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Following these transactions, de Urioste still beneficially owns 66,514 shares of HeartBeam common stock.
- De Urioste also holds an option to buy 44,000 shares of common stock at an exercise price of $4.25, which was granted on November 12, 2021, and vests in monthly installments until fully vested on November 12, 2031.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by a company director to cover tax obligations; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The stock sales may have a minor, short-term impact on the stock price, but are unlikely to significantly affect long-term stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2021-09-27 | Vesting commencement date for stock options. |
| 2021-11-12 | Date the option was granted. |
| 2024-06-12 | Date of the Issuer's 2024 annual meeting of stockholders. |
| 2024-08-23 | Sale of 2,500 shares of common stock. |
| 2024-08-26 | Sale of 300 shares of common stock. |
| 2031-11-12 | Expiration date of stock options. |
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