LEWIN NICHOLAS SHERIDAN 4

What Happened

• Lewin Nicholas Sheridan, a director of Establishment Labs Holdings Inc. (ESTA), was granted 19,561 stock units (derivative award) on April 24, 2026. The units were reported as acquired at $0.00 (no cash paid) under the issuer’s 2018 Equity Incentive Plan. This was an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: April 24, 2026; filing date: July 10, 2026 (Form 4 filed late).
• Transaction type/code: Award/Grant (A); acquisition price reported as $0.00 (derivative stock units).
• Shares acquired: 19,561 stock units. Filing does not state total shares owned after the grant.
• Footnotes: F1 — some shares are held by the reporting person’s spouse; F2 — award made under the 2018 Equity Incentive Plan; F3 — vesting: one-fourth vests on April 24, 2027 and the remainder vests in equal annual installments thereafter, contingent on continued service.
• Timeliness: The Form 4 was filed more than two months after the transaction (April 24 → July 10), which is later than the usual two-business-day reporting window for Form 4s.

Context

• This was a compensation award (stock units) rather than a market purchase or sale. Such grants are commonly used to compensate and retain directors; they do not necessarily indicate a buying or selling view of the company’s stock.
• Because the units vest over time, the economic benefit to the director is conditional on continued service and not immediately tradable. The spouse-held shares note may affect where beneficial ownership is recorded but does not change the nature of this grant.