Doherty Gary W. 4

What Happened

• Gary W. Doherty, Chief Financial Officer of EBR Systems, was granted an award of 60,000 derivative shares on 2026-06-24. The filing lists an acquisition price of $0.00 per share (total reported value $0). This is a grant/award (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date: June 24, 2026; filing date (accession): July 7, 2026 (filed ~13 days after the transaction).
• Transaction type: Grant/Award (derivative securities) — listed at $0.00 per share.
• Shares involved: 60,000 underlying shares.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Vesting footnote: 1/48 of the shares subject to the option shall vest on July 24, 2026 and each month thereafter (monthly vesting over 48 months), contingent on continued service.
• Timeliness: The Form 4 was filed later than the typical 2-business-day reporting window, which is a late filing and reduces the immediacy of public disclosure.

Context

• This was a compensation-related award (likely an option or restricted-equity grant) with a multi-year monthly vesting schedule; it does not represent an immediate purchase or sale of shares. Such awards are commonly used to retain and align executives but do not by themselves indicate a near-term market action (no immediate sale or cash proceeds reported).