Drexler Karen 4

What Happened
Karen Drexler, a director of EBR Systems, received a grant of 34,211 derivative shares on May 6, 2026. The reported acquisition lists a $0.00 per-share price (total cash paid $0), and the award is classified as a derivative instrument (an option-related award per the filing footnote). This is an equity compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (timely filing).
• Transaction type: Grant/award of derivative shares (code A).
• Quantity: 34,211 shares; price reported: $0.00 (no cash paid).
• Vesting: Per footnote, 1/12 of the shares subject to the option vest on June 6, 2026, and then monthly thereafter, subject to continued service.
• Shares owned after transaction: Not specified in the summary provided.
• Filing timeliness: Filed two days after the transaction date, consistent with Form 4 timing requirements.

Context
This was an equity grant that vests over time—common as director compensation. Because the award is derivative and subject to future vesting, the shares are not immediately tradable; this is not a sale or purchase signal. The $0.00 reported price reflects the grant reporting; it does not indicate market value or proceeds.