EBR Systems Director Trevor J. Moody Receives 34,211-Share Award
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EBR Systems Director Trevor J. Moody Receives 34,211-Share Award
What Happened
Trevor J. Moody, a director of EBR Systems, was granted a derivative award covering 34,211 shares on May 6, 2026. The Form 4 lists the per-share price as $0.00 for this award, and the filing was amended (filed July 28, 2026) to correct the per-share exercise price (see footnote F1). This is an acquisition-type transaction (award/grant), not a sale.
Key Details
- Transaction date: May 6, 2026; amended Form 4 filed July 28, 2026 to correct exercise price (F1).
- Reported terms: 34,211 shares, reported price $0.00 (derivative). Amendment notes correction to per-share exercise price.
- Vesting: 1/12 of the shares subject to the option vest on June 6, 2026 and each month thereafter, subject to continued service (F2).
- Shares owned after transaction: not specified in this filing.
- Transaction type code: A (award/grant of a derivative security).
- Filing status: Amended filing — original Form 4 was filed May 8, 2026 and later amended to correct the exercise price.
Context
This filing documents a grant of a derivative award (likely stock options) that vests over time; it does not show an immediate sale or cashless exercise. Grants represent potential future ownership as they vest and are exercised; they do not by themselves indicate present market action. The amendment corrects the exercise-price detail, which is important for valuing the award once the correct price is disclosed.