Heartland Express (HTLD) Announces Public Secondary Offering

July 21, 2020 4:21 PM EDT

Heartland Express, Inc. (“Heartland”) (Nasdaq: HTLD) announced today a public secondary offering of its common stock by a family trust (the “selling stockholder”) for the benefit of Heartland's founding family, the Gerdin family. The selling stockholder is offering for sale to the public 3,260,870 shares of Heartland’s common stock and up to an additional 489,130 shares of common stock if the underwriter exercises in full its 30-day option to purchase additional shares. The Gerdin family and related trusts and partnerships will continue to hold approximately 40% of our outstanding shares after this offering, including if the underwriter exercises in full its option to purchase additional shares. All net proceeds from the offering will go to the selling stockholder and all expenses of the offering will be paid by the selling stockholder.

Morgan Stanley is the underwriter for the offering. The shares are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “Commission”). The offering is being made only by means of a prospectus and related preliminary prospectus supplement, copies of which, when available, may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department. You may also get these documents for free by visiting the Commission’s website at www.sec.gov.



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