Chacon Quiros Juan Jose 4
Research Summary
AI-generated summary
Establishment Labs (ESTA) Director Juan Jose Chacon Sells Shares
What Happened
Juan Jose Chacon Quiros, a director of Establishment Labs Holdings, sold a total of 105,000 shares in two open‑market transactions on May 6, 2026, generating aggregate proceeds of approximately $7,918,872. The first block was 93,206 shares at a weighted average price of $75.33 per share (proceeds $7,021,301); the second was 11,794 shares at a weighted average price of $76.10 per share (proceeds $897,571). Both transactions are reported as sales (S).
Key Details
- Transaction dates: May 6, 2026 (filed May 8, 2026) — filing appears timely (two days after the trades).
- Prices/details: 93,206 shares at $75.33 (multiple trades priced $75.00–$75.93; weighted avg reported); 11,794 shares at $76.10 (multiple trades priced $76.00–$76.33; weighted avg reported). Reporting person can provide per‑trade breakdown on request (per footnotes).
- Total shares sold: 105,000; total proceeds ≈ $7,918,872.
- 10b5‑1 plan: Sales were effected under a Rule 10b5‑1 trading plan adopted Dec 16, 2025; this filing states the sales conclude that plan (all shares subject to it have been sold).
- Ownership note: Footnote indicates the shares were held by Sariel Group Ltd.; the reporting person is a shareholder of that entity with voting/dispositive power and disclaims beneficial ownership of those shares except for his pecuniary interest.
- Filing timeliness: Report filed May 8, 2026 (no late‑filing indication in this report).
Context
- These were open‑market sales under a prearranged 10b5‑1 plan — such sales are typically preplanned and don’t by themselves indicate a change in insider view of the company.
- For retail investors, purchases are generally more informative about insider sentiment; this filing documents routine disposition of shares rather than an acquisition.