Annen Steven 4
4 · EDAP TMS SA · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
EDAP TMS (EDAP) SVP Steven Annen Receives RSU and Option Grants
What Happened Steven Annen, Senior Vice President, Marketing & Product Management at EDAP TMS SA, received equity awards on May 12, 2026. The filing reports a grant of 90,000 restricted stock units (RSUs) and a grant of 100,000 derivative awards (options/other equity derivative). Both grants show an acquisition price of $0.00 (typical for compensation awards) and a total reported value of $0 in the Form 4 for acquisition price purposes.
Key Details
- Transaction date: May 12, 2026; Form 4 filed May 13, 2026 (next business day).
- Awards: 90,000 RSUs (common stock units) and 100,000 derivative awards (options/rights), acquisition price $0.00.
- Vesting/Exercise terms noted in footnotes:
- RSUs (90,000): one-half vests on the 2nd anniversary of the grant; the remaining half vests in equal installments every 6 months through the 4th anniversary. (Footnote F2)
- Derivative awards (100,000): become exercisable with 1/6 exercisable at the 6‑month anniversary, then monthly thereafter through the 3rd anniversary. (Footnote F4)
- Option exercise price was converted from euros to USD using EUR1 = USD1.1784 per the filing. (Footnote F3)
- Each RSU represents the right to one share upon settlement (per footnote F2).
- Shares owned after the transaction: not disclosed in this filing.
- Filing timeliness: filed the next day (no late filing indicated).
Context These were compensation grants (not open-market buys or sales). RSUs and option-type grants are common long-term incentives and do not require cash outlay at grant; the derivative award must be exercised (and potentially paid for) before any shares are acquired. Such awards signal executive compensation alignment with shareholders but are not direct purchases that indicate immediate personal investment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-12+90,000→ 131,490 total - Award
Stock Options
[F3][F4]2026-05-12+100,000→ 100,000 totalExercise: $4.17Exp: 2036-05-12→ Common Stock (100,000 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.