JW Partners, LP 4

What Happened JW Asset Management, LLC — reported as a 10% owner (through affiliated vehicles) — executed an open-market sale of 60,000 common shares of Establishment Labs (ESTA) on May 6, 2026. The shares were sold at $75.63 each, generating proceeds of $4,537,500. The transaction is coded as a sale (S) on the Form 4.

Key Details

• Transaction date: 2026-05-06; sale price: $75.63 per share; total proceeds: $4,537,500.
• Shares reported sold: 60,000 (44,755 sold by JW Partners, LP and 15,245 sold by JW Opportunities Fund, LLC, per footnote).
• Shares owned after transaction: the filing does not separately state remaining holdings for each reporting entity; the Form reports the 60,000 shares involved and, per the footnote, reports the issuer securities held by the Reporting Persons as required by Form 4.
• Footnotes: the filing is made jointly by JW Asset Management (the Advisor), JW Partners, LP, JW Opportunities Fund, LLC, JW GP, LLC, and Jason G. Wild; the Advisor and related parties disclaim direct beneficial ownership except for any indirect pecuniary interest. Exhibit 99 provides information regarding joint filers.
• Timeliness: Form filed 2026-05-08 for a 2026-05-06 transaction — appears to be a timely Form 4 filing (within the standard two-business-day window).

Context This was an open-market sale by an institutional/affiliate group (10% owner), not an individual executive. Sales by institutional holders can be routine portfolio management and do not necessarily signal company-specific views; the filing’s footnotes clarify the advisor/partner relationships and ownership disclaimers.