Mobeck Kenneth S. 4

What Happened

• Kenneth S. Mobeck, Chief Financial Officer of EDAP TMS SA (EDAP), was granted equity awards on May 12, 2026: 120,000 ordinary shares (awarded at $0.00) and 144,141 restricted stock units (RSUs, recorded as a derivative) also at $0.00. The reported dollar value for these grants is $0 at grant (typical for awards/RSUs).

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 13, 2026 (timely).
• Transactions: two award grants (code A) — 120,000 common shares @ $0.00; 144,141 RSUs (derivative) @ $0.00.
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Relevant footnotes:
  • F1: "Common stock" refers to the issuer's ordinary shares.
  • F2: The 144,141 RSUs were granted under the 2025-2 RSU (Free Share) Plan. Vesting: one-half vests on the second anniversary of the grant; the remaining half vests in equal installments every six months thereafter through the fourth anniversary. Each RSU converts to one share upon settlement.
  • The filing also includes footnotes (F3–F4) referencing option conversion/vesting terms (euro-to-USD conversion and a separate option vesting schedule), but the provided excerpt does not show an option exercise or option quantity for Mr. Mobeck.
• Filing timeliness: Filed the day after the report date (appears timely, not late).

Context

• These transactions are compensation awards, not open-market purchases or sales. RSUs are rights to receive shares in the future subject to vesting — they do not represent immediately tradable shares. Such awards are common for executive compensation and do not, by themselves, indicate the insider is buying or selling stock for personal investment reasons. Over time, vested RSUs will increase the insider’s share holdings and the company’s outstanding shares (potential dilution).