Hendricksen Michael 4

What Happened

• Michael Hendricksen, Chief Operating Officer of EBR Systems, was granted a derivative award covering 54,000 shares on June 24, 2026. The award shows a $0.00 per-share acquisition price (a non‑cash grant) and is reported as a derivative security rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-24; Filing date: 2026-07-07 (filed late — 13 days after the transaction; typical Form 4 deadline is 2 business days).
• Award size and price: 54,000 shares granted at $0.00 per share (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Vesting: Per footnote, 1/48 of the shares vest on July 24, 2026 and then monthly thereafter (48-month monthly vesting), subject to continued service.
• Transaction code: A (grant/award).

Context

• This was a non‑cash equity award (likely stock options or restricted stock/units recorded as a derivative award) that vests over four years; it is a common form of employee compensation and not an immediate market purchase or sale. The late filing is procedural — it does not change the nature of the grant but may be of interest to investors tracking timely insider disclosures.