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Insider Cluster (2 insiders) ·Filed Mar 18, 2026

HTFL

Heartflow, Inc.
BEARISH
Impact 6/10
Horizonimmediate Processed7mo ago
Insider cluster: 2 insiders, $1.9M total
Actionable Insight ▼ Bearish

Monitor for upcoming earnings or corporate updates — such concentrated C-suite selling, especially by the CMO and CEO, may signal lack of confidence in near-term prospects. Check for offsetting buy signals in coming weeks.

DirectionBearish
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
HTFL ▲ +20.42% at T+60d
SHORT call ✗ call lost -20.42% · α vs SPY -8.89% · entry $25.47 → $30.67
Entry = T+0 close
Mar 17, 2026
via day close
T+1d
+1.65%
call -1.65% · α -1.92%
$25.89
settled 7mo ago
T+5d
+8.95%
call -8.95% · α -9.67%
$27.75
settled 7mo ago
T+20d
+17.00%
call -17.00% · α -10.95%
$29.80
settled 7mo ago
T+60d
+20.42%
call -20.42% · α -8.89%
$30.67
settled 5mo ago

Price Chart

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Executive Summary

Heartflow CMO Rogers Campbell sold $1.66M in open-market transactions following the exercise of derivative securities, while CEO Farquhar John C.M. sold an additional $243K in shares. The cluster includes significant non-cash derivative exercises, but total open-market sales amount to $1.9M across two C-suite executives.

Key Financial Metrics

Direction
selling
Total Value
$1.9M
Insiders
2

Key Facts

  • CMO Rogers Campbell sold 64,533 shares for $1,658,033 in open-market transactions on March 19, 2026
  • CEO Farquhar John C.M. sold 9,725 shares for $243,125 on March 18, 2026
  • Total open-market selling by C-suite: $1.9M
  • Rogers Campbell also exercised derivative securities (19,402 shares at $0 and $2.22), resulting in $43,072 in acquisition cost, but these are non-cash events
  • All transactions occurred within a 2-day window, indicating concentrated insider activity

Financial Impact

$1.9M in net insider selling by C-suite executives over 2 days

insider ownershipinvestor sentimentpotential dilution from exercised options

Risk Factors

  • Perception of insider pessimism given size and timing of sales
  • Potential for negative market reaction due to coordinated C-suite selling

Market Snapshot

Exchange
Nasdaq

Investment Themes

Healthcare & Medical Devices

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (4 trades, 7d window)cluster-HTFL-1774305238782
25 reports for HTFL
Performance horizon
86% Hit rate @ T+5 6 of 7 directional calls Went positive at some point 7 of 8 best @ T+5▲ +18.23%Aug 13, 2026
Filters
Rows
Reports for HTFL — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
144
NEUTRAL ★ 3/10
$55.43awaiting T+5—$57.01 (+2.84%)
Oct 22, 2026
4d ago
144
BEARISH ★ 5/10
$55.43awaiting T+5—$57.01 (−2.84%)
Oct 19, 2026
7d ago
Press Release
NEUTRAL ★ 1/10
$55.59awaiting T+5—$57.01 (+2.55%)
Sep 21, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$50.17 $49.83▲ +0.68%▼ −0.51%$57.01 (−13.62%)
Sep 18, 2026
5w ago
Insider Cluster
BEARISH ★ 4/10
$50.33 $49.92▲ +0.81%▼ −0.21%$57.01 (−13.26%)
Sep 15, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$48.30 $47.39▼ −1.88%▼ −4.45%$57.01 (+18.02%)
Sep 14, 2026
6w ago
Insider Cluster
BEARISH ★ 4/10
$48.33 $50.17▼ −3.81%▼ −1.68%$57.01 (−17.95%)
Aug 28, 2026
8w ago
Press Release
BULLISH ★ 7/10
$47.78 $48.91▲ +2.37%▲ +2.26%$57.01 (+19.31%)
Aug 25, 2026
8w ago
Insider Cluster
NEUTRAL ★ 4/10
$48.94 $50.00▲ +2.17%▲ +2.29%$57.01 (+16.48%)
Aug 20, 2026
9w ago
Insider Cluster
NEUTRAL ★ 4/10
$49.75 $47.78▼ −3.96%▼ −4.43%$57.01 (+14.58%)
Showing 10 of 25

US Market Status

Market Closed — Opens Wed (11h 23m)

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Report published Mar 23, 2026