Form 4: Heartflow Director Lightcap Shifts Stock Ownership

Heartflow Director Jeffrey C. Lightcap reported a pro rata in-kind distribution of 206,261 common shares, transitioning ownership from indirect to direct.

Summary

• Jeffrey C. Lightcap, a Director and 10% Owner of Heartflow, Inc. (HTFL), reported a change in beneficial ownership.
• On March 24, 2026, HCPCIV 1, LLC ("HCPCIV") completed a pro rata in-kind distribution of 206,261 shares of Heartflow, Inc. common stock to its members, including Mr. Lightcap.
• The shares were allocated to Mr. Lightcap based on his indirect interest in HCPCIV immediately prior to the distribution.
• Following this distribution, Mr. Lightcap's beneficial ownership of these 206,261 shares is now held directly, rather than indirectly through HCPCIV.
• HCPCIV is being dissolved subsequent to this distribution.
• Mr. Lightcap continues to hold indirect beneficial ownership of 833,075 shares through HealthCor Partners Fund II, L.P. and 1,248,939 shares through HealthCor Partners Fund, L.P., where he is a controlling member.
• He disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a change in the form of beneficial ownership rather than a market-driven transaction or a reflection of company performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that such distributions are common for investment vehicles like LLCs or partnerships as they wind down or reallocate assets, and typically do not reflect a change in the underlying operational performance or strategic direction of the issuer company, Heartflow, Inc.

Related Party Transactions

• The distribution of shares was from HCPCIV 1, LLC, in which Mr. Lightcap had an indirect interest, to Mr. Lightcap directly. Mr. Lightcap is also a controlling member of other entities (HealthCor Partners Fund II, L.P. and HealthCor Partners Fund, L.P.) that hold Heartflow shares.

Stakeholder Impact

• Primarily impacts Jeffrey C. Lightcap by changing the directness of his beneficial ownership of 206,261 Heartflow shares.
• No direct impact on other shareholders, employees, customers, suppliers, or creditors is indicated by this filing.

Next Steps

• HCPCIV 1, LLC is being dissolved following the distribution of shares.

Key Dates

Keywords

Heartflow, HTFL, Jeffrey Lightcap, SEC Form 4, Insider Transaction, Beneficial Ownership, Stock Distribution, Director, 10% Owner, HCPCIV