SCHUTTER EDWARD J 4

What Happened
Edward J. Schutter, a director of Establishment Labs Holdings, exercised stock options on 2026-04-02 to acquire 36,780 shares. The option exercise required cash payment at an exercise price of $4.11 per share (total cash paid ≈ $151,165.80). The Form 4 also reports a related derivative disposition of the same 36,780 shares at $0.00; no open‑market sale proceeds are reported.

Key Details

• Transaction date: 2026-04-02. Transaction type: Option exercise (Form 4 code M).
• Shares acquired: 36,780 via cash exercise at $4.11 per share (total ≈ $151,165.80).
• A corresponding derivative disposition for 36,780 shares is reported at $0.00 (no sale proceeds listed).
• Footnote F1: Shares acquired upon cash exercise at $4.11/share.
• Footnote F2: Option vesting schedule — half vested 10/1/2016, then one‑sixth each year thereafter, subject to continued service.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Reported with the same period and filing date (2026-04-02); no late‑filing indicator shown.

Context
This was an option exercise (insider converting options into common shares by paying the exercise price). The filing does not show an open‑market sale or proceeds from a sale; the $0.00 disposition entry appears to reflect reporting mechanics associated with the option/derivative conversion rather than a market sale. For retail investors, exercises indicate the insider chose to take stock ownership (by paying cash), but do not by themselves reveal intent to buy/sell in the market.