WILLSEY LANCE 4
4 · EDAP TMS SA · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
EDAP TMS Director Lance Willsey Receives 114,285-Share Award
What Happened
Lance Willsey, a director of EDAP TMS SA (EDAP), was granted 114,285 derivative awards (reported as an acquisition, code A) on May 12, 2026. The award was reported at $0.00 acquisition price (a grant). The underlying exercise price is €3.54 per share, which the filing converts to about $4.17 per share (EUR 1 = USD 1.1784).
Key Details
- Transaction date: 2026-05-12; filing date: 2026-05-13. Acquisition reported as $0.00 (grant).
- Reported derivative count: 114,285 awards/options. Exercise price: €3.54 (~$4.17) (see F1).
- Vesting: 1/6 of the options vest at the six-month anniversary, then the remaining five-sixths vest monthly through the third anniversary (see F2).
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
- Security type: common stock refers to the issuer’s ordinary shares (see F3).
- Filing timeliness: filed the day after the transaction (no late filing indicated in the provided data).
Context
This was a compensation grant of derivative awards (options/awards), not an open-market purchase or sale. Grants are routine for executives and directors as part of compensation and do not by themselves indicate buying or selling sentiment. The options are subject to a multi-year vesting schedule; they are not immediately exercised or sold according to the filing.
Insider Transaction Report
- Award
Stock Options
[F1][F2][F3]2026-05-12+114,285→ 114,285 totalExercise: $4.17Exp: 2036-05-12→ Common Stock (114,285 underlying)
Footnotes (3)
- [F1]The option exercise price reflected was converted from 3.54 euros to U.S. dollars based on an exchange rate of EUR 1 to USD 1.1784.
- [F2]The options, which were granted on May 12, 2026, will become exercisable with respect to one-sixth of the options on the six-month anniversary of the date of grant and the remaining five-sixths of the options will become exercisable on a monthly basis thereafter through the third anniversary of the date of grant.
- [F3]Common Stock for the issuer refers to the issuer's ordinary shares.