LEWIN NICHOLAS SHERIDAN 4

What Happened
Lewin Nicholas Sheridan, a director of Establishment Labs Holdings, received an award of 440 common shares on 2026-03-31. The shares were valued at $56.78 each for a total of $24,983 and were issued as an election in lieu of a quarterly cash retainer under the company’s Outside Director Compensation Policy. This is an equity compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-01 (timely Form 4 filing).
• Shares granted: 440 common shares at $56.78 per share; total reported value $24,983.
• Transaction type/code: Award/Grant (A) — shares issued as director compensation (not a market buy).
• Plan/authorization: Issued pursuant to the Issuer’s 2018 Equity Incentive Plan; share count/value determined by the closing price on the last trading day of the quarter (see footnote F1).
• Beneficial ownership note: The filing indicates the shares are held by the reporting person’s spouse (footnote F2).
• Shares owned after transaction: Not specified in this filing.

Context
Director awards elected in lieu of cash retainers are common and reflect compensation policy rather than a direct endorsement of near-term stock performance. Because this was an issued award (compensation) rather than an open-market purchase, it should be viewed as routine director compensation, not a clear bullish or bearish trading signal.