Shah Sanket 4
4 · EDAP TMS SA · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
EDAP TMS Gen Counsel Shah Sanket Receives Equity Awards
What Happened
- Shah Sanket, General Counsel & Corporate Secretary of EDAP TMS SA (EDAP), received equity awards on May 12, 2026: 67,500 ordinary shares (acquired at $0.00) and 75,000 derivative awards reported at $0.00. The total award quantity is 142,500 units; no cash was paid.
- The 75,000 derivative awards are restricted stock units (RSUs) that represent the right to receive one share of EDAP common stock upon settlement (see Key Details). This is an award/compensation grant (transaction code A), not a market purchase or sale.
Key Details
- Transaction date: May 12, 2026; filing date: May 13, 2026 (timely filing).
- Prices: both awards reported at $0.00 (typical for grants/RSUs); no immediate cash value listed in the filing.
- Vesting / derivative details: per footnote, the RSUs were granted under the 2025-2 RSU (Free Share) Plan — one-half vests on the second anniversary of grant, the remainder vests in equal installments every six months thereafter through the fourth anniversary. Each RSU converts 1:1 to an ordinary share upon settlement.
- Shares owned after the transaction: not specified in the provided filing details.
- Transaction type: A = Award/Grant. No sale, purchase, or immediate option exercise reported.
Context
- These awards are compensatory grants to an executive and do not represent open-market buying or selling. RSU grants are common as long-term incentives and only translate into tradable shares once vested/settled.
- No indications of immediate sale or cashless exercise were reported. This filing does not by itself signal insider buying or selling activity.
Insider Transaction Report
Form 4
EDAP TMS SAEDAP
Shah Sanket
Gen Counsel & Corp Secretary
Transactions
- Award
Common Stock
[F1][F2]2026-05-12+67,500→ 67,500 total - Award
Stock Options
[F3][F4]2026-05-12+75,000→ 75,000 totalExercise: $4.17Exp: 2036-05-12→ Common Stock (75,000 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