This is a routine Form 144 filing by an affiliate, not a core insider (officer/director). The 150k-share sale is de minimis relative to Heartflow's market cap (~$2.7B) and outstanding shares. The filing itself suggests no material negative signal. Monitor for subsequent Form 4 filings to confirm actual execution; if the sale does not occur, it further weakens any signal. Given the company's strong 87% buy-side analyst consensus and the small size of the proposed sale, this filing should not alter the investment thesis.
Price Chart
Executive Summary
Joseph Healey, an affiliate of HCPCIV 1 LLC, filed a Form 144 on August 14, 2026, indicating intent to sell 150,000 shares of Heartflow, Inc. at an approximate market value of $6.225 million. The shares were acquired via an in-kind distribution from HCPCIV 1 LLC on March 30, 2026. This is an advance notice of a planned sale by an affiliate, not a completed transaction, and the notice itself typically has limited market impact.
Key Facts
- Joseph Healey (affiliate of HCPCIV 1 LLC) filed Form 144 on August 14, 2026.
- Planned sale of 150,000 shares of Heartflow, Inc. common equity.
- Approximate market value at filing: $6,225,000 (based on the filing's reported price of $41.50/share).
- Shares were acquired via an in-kind distribution from HCPCIV 1 LLC on March 30, 2026.
- Broker for the proposed sale: J.P. Morgan Securities LLC.
- The sale is proposed on NASDAQ; the filing states the shares have been owned since March 30, 2026.
- Mr. Healey's relationship to Heartflow is as an affiliate of HCPCIV 1 LLC, not as an officer or director.
- The Form 144 is an intent to sell; the actual sale may or may not occur.
Financial Impact
Proposed sale of 150,000 shares valued at ~$6.225 million, representing approximately 0.17% of the ~86.4 million shares reportedly outstanding (based on the filing's outstanding share count figure of 86,398,778).
Risk Factors
- The sale could represent an exit by a pre-IPO or large institutional affiliate (HCPCIV 1 LLC), which may raise questions about long-term conviction.
- If the sale is executed alongside other insider selling, it could signal a broader de-risking by early investors.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001343779-26-000003 |
| Document: 0001343779-26-000003-index.html | 0001343779-26-000003 |
| Document: 0001343779-26-000003.txt | 0001343779-26-000003 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 144 | $55.43 | awaiting T+5 | — | $57.01 (+2.84%) |
Oct 22, 2026 4d ago | 144 | $55.43 | awaiting T+5 | — | $57.01 (−2.84%) |
Oct 19, 2026 7d ago | Press Release | $55.59 | awaiting T+5 | — | $57.01 (+2.55%) |
Sep 21, 2026 5w ago | Insider Cluster | $50.17 $49.83 | ▲ +0.68% | ▼ −0.51% | $57.01 (−13.62%) |
Sep 18, 2026 5w ago | Insider Cluster | $50.33 $49.92 | ▲ +0.81% | ▼ −0.21% | $57.01 (−13.26%) |
Sep 15, 2026 5w ago | Insider Cluster | $48.30 $47.39 | ▼ −1.88% | ▼ −4.45% | $57.01 (+18.02%) |
Sep 14, 2026 6w ago | Insider Cluster | $48.33 $50.17 | ▼ −3.81% | ▼ −1.68% | $57.01 (−17.95%) |
Aug 28, 2026 8w ago | Press Release | $47.78 $48.91 | ▲ +2.37% | ▲ +2.26% | $57.01 (+19.31%) |
Aug 25, 2026 8w ago | Insider Cluster | $48.94 $50.00 | ▲ +2.17% | ▲ +2.29% | $57.01 (+16.48%) |
Aug 20, 2026 9w ago | Insider Cluster | $49.75 $47.78 | ▼ −3.96% | ▼ −4.43% | $57.01 (+14.58%) |
US Market Status
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