JW Partners, LP 4

4 · ESTABLISHMENT LABS HOLDINGS INC. · Filed May 22, 2026

AI-generated summary of this filing

Updated May 22, 2026

Establishment Labs (ESTA) 10% Owner JW Asset Management Sells Shares

What Happened

JW Asset Management, filing on behalf of related entities (including JW Partners, LP and JW Opportunities Fund), reported open-market sales of Establishment Labs (ESTA) common stock. The filing shows sales on 5/20/2026 and 5/21/2026 totaling 20,579 shares for approximately $1,466,334.
Breakdown: 3,580 shares sold on 5/20/2026 at $70.56 each (proceeds $252,605) and 16,999 shares sold on 5/21/2026 at $71.40 each (proceeds $1,213,729). Footnote clarifies the underlying transactions were 15,350 shares sold by JW Partners, LP and 5,229 shares sold by JW Opportunities Fund.

Key Details

Transaction dates and prices:
- 5/20/2026: 3,580 shares @ $70.56 = $252,605
- 5/21/2026: 16,999 shares @ $71.40 = $1,213,729
Total shares sold: 20,579; total proceeds: ~$1.47M.
Shares owned after transaction: Not explicitly stated as a single aggregate in the filing (the Form reports the amounts related to each reporting person and notes the entire holdings are reported in Table I).
Notable footnotes: F1 — the Form 4 is filed by JW Asset Management on behalf of itself, JW Partners, JW Opportunities Fund, JW GP, and Jason G. Wild; F2 — explains the breakdown of the sold shares and includes customary disclaimers that the Advisor, the General Partner and Mr. Wild disclaim direct beneficial ownership except for indirect pecuniary interests.
Timeliness: Filed 5/22/2026 covering trades on 5/20 and 5/21 — the filing does not indicate a late filing.

Context

These are open-market sales by entities associated with a 10% owner, not routine insider executive trades; such institutional sales can be for portfolio or liquidity reasons and are not, by themselves, a definitive signal of company prospects.
No indication of derivative exercises, 10b5-1 plan, gifts, or tax-withholding in this filing — just outright disposition (S = Sale).

Form 4

Period: 2026-05-20

Other

Transactions

Sale
Common Shares
[F1][F2]
2026-05-20$70.56/sh−3,580$252,605→ 2,998,114 total(indirect: See Footnotes)
Sale
Common Shares
[F1][F2]
2026-05-21$71.40/sh−16,999$1,213,729→ 2,981,115 total(indirect: See Footnotes)

Footnotes (2)

[F1]This Form 4 is being filed by JW Asset Management, LLC (the "Advisor") on behalf of itself and JW Partners, LP ("JWP"), JW Opportunities Fund, LLC ("JWO"), JW GP, LLC (the "General Partner"), and Jason G. Wild ("Wild" and, together with the Advisor, JWP, JWO, and the General Partner, the "Reporting Persons"). The Advisor serves as the investment advisor of JWP and JWO. The General Partner serves as general partner to JWP and the manager of JWO. Wild is the managing member of the Advisor and the General Partner.
[F2]The amounts of 3,580 and 16,999 in Table I reflect 15,350 Common Shares sold by JWP and 5,229 Common Shares sold by JWO, in open market transactions on 5/20/2026 and 5/21/2026 requiring the filing of this statement. In accordance with Instruction 4(b)(iv) of Form 4, the entire amount of the Issuer's securities held by the Reporting Persons is reported herein. Each of the Advisor, Wild and the General Partner, disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of its or his indirect pecuniary interest therein, and this report shall not be deemed an admission that either the Advisor, Wild or the General Partner are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.

Signature

JW Asset Management, LLC /s/ Jason Klarreich, Attorney-In-Fact|2026-05-22

2 files