Chacon Quiros Juan Jose 4

What Happened

• Juan Jose Chacon, a director of Establishment Labs Holdings, sold a total of 33,925 shares in open-market transactions on 2026-03-23 for an aggregate of approximately $2,048,698. Individual reported lots: 31,425 shares at a weighted avg $60.23 ($1,892,791); 787 shares at $61.70 ($48,562); 1,513 shares at $62.62 ($94,743); and 200 shares at $63.01 ($12,602).
• The filing also reports a transfer of 179,240 shares from the reporting person’s direct holdings to Sariel Group Ltd. as an exempt transaction under Rule 16a-13 (reported as a $0.00 disposition/acquisition). The reporting person is a shareholder of Sariel Group Ltd. and retains voting/dispositive power but disclaims beneficial ownership except for any pecuniary interest.

Key Details

• Transaction date: all reported on 2026-03-23; Form 4 filed 2026-03-24 (appears timely).
• Prices and execution: major lot (31,425 shares) executed in multiple trades at prices ranging $60.00–$60.87 (weighted avg $60.23). Other lots executed at weighted averages of $61.70, $62.62 and $63.01 (some executed in multiple trades; detailed price breakdowns available upon request per filing).
• 10b5-1 plan: at least one of the sales was effected pursuant to a Rule 10b5-1 trading plan (per footnote).
• Ownership after transaction: not specified in the provided filing extract.
• Footnote on Sariel Group Ltd.: Chacon is a shareholder and has voting/dispositive power over Sariel’s shares; he disclaims beneficial ownership of those shares except to the extent of pecuniary interest.

Context

• These are primarily open-market sales (routine disposition) and an internal transfer to an entity (Sariel Group Ltd.) controlled in part by the reporting person. Sales executed under a 10b5-1 plan typically follow a pre-set trading schedule and do not necessarily reflect contemporaneous decisions about the company’s prospects.
• For retail investors, purchases generally carry more direct informational weight than routine sales or internal transfers; this filing documents notable insider selling but does not on its own explain the director’s motives.