Rhodes Ryan 4

4 · EDAP TMS SA · Filed May 13, 2026

AI-generated summary of this filing

Updated May 13, 2026

EDAP CEO Rhodes Ryan Receives Stock and Option Awards

What Happened

Rhodes Ryan, Chief Executive Officer of EDAP TMS SA (EDAP), received awards on May 12, 2026: 304,500 shares (awarded common/ordinary shares or awards convertible to shares) and 390,000 derivative awards (grants tied to common stock such as RSUs/options). Both grants were recorded as awards (Form 4 code "A") and were acquired for $0.00 (no cash paid at grant).
These are compensation awards rather than open-market purchases or sales — not an immediate cash investment signal. The awards create potential future share ownership subject to vesting/exercise rules.

Key Details

Transaction date: May 12, 2026; Form 4 filed May 13, 2026 (timely filing).
Reported quantities: 304,500 shares @ $0.00 (acquired); 390,000 derivative awards @ $0.00 (acquired).
Vesting/exercise notes:
- RSUs: Per the filing, certain restricted stock units (RSUs) granted on May 12, 2026 vest one-half on the second anniversary and the remainder in equal semiannual installments through the fourth anniversary. Each RSU converts to one share upon settlement.
- Options: Options granted on May 12, 2026 vest in stages (one-sixth after six months, then monthly over the next ~2.5 years). The option exercise price shown in the filing was €3.54, converted to approximately $4.17 per share (EUR 1 = USD 1.1784).
Shares owned after the transaction: Not specified in the provided filing excerpt.
Filing timeliness: The Form 4 was filed the day after the grants — within the standard reporting window (timely).

Context

RSUs represent a right to receive shares in the future once vested; they are not immediate cash purchases and typically reflect compensation. Options give the holder the right to buy shares at a set exercise price over time once vested.
Because these are awards (not sales), they do not by themselves indicate buying pressure or a CEO disposition of shares — they expand potential future insider ownership if/when vested and exercised.

Form 4

Period: 2026-05-12

DirectorChief Executive Officer

Transactions

Award
Common Stock
[F1][F2]
2026-05-12+304,500→ 605,649 total
Award
Stock Options
[F3][F4]
2026-05-12+390,000→ 390,000 total
Exercise: $4.17Exp: 2036-05-12→ Common Stock (390,000 underlying)

Footnotes (4)

[F1]Common Stock for the issuer refers to the issuer's ordinary shares.
[F2]Represents restricted stock units ("RSUs") granted pursuant to the 2025-2 Restricted Stock Unit (Free Share) Plan of the issuer on May 12, 2026, one-half of which will vest on the second anniversary of the date of grant and the remaining one-half will vest in equal installments every 6 months thereafter through the fourth anniversary of the date of grant. Each RSU represents the right to receive one share of EDAP common stock upon settlement.
[F3]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.
[F4]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.

Signature

/s/ Blandine Confort, as Attorney-in-Fact|2026-05-13

1 file