McCutcheon John 4

What Happened

• John McCutcheon, President, CEO and Director of EBR Systems, was awarded a derivative equity grant covering 188,462 shares on May 6, 2026. The Form 4 reports an acquisition price of $0.00 (transaction code A — grant/award). This is a compensation grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-06; Filing date: 2026-05-08 (Form 4 filed timely).
• Reported acquisition: 188,462 shares; reported price: $0.00; transaction type: A (award/grant, derivative).
• Shares owned after the transaction: not included in the supplied data (not disclosed here).
• Footnote: 1/48 of the shares subject to the option vest on June 6, 2026 and each month thereafter, subject to continued service (48-month monthly vesting).
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of shares in this filing.

Context

• This is a derivative equity grant (an option/award subject to vesting) used for executive compensation. The award vests monthly over four years and does not represent an immediate purchase or sale of market stock. Such grants are routine for executives and reflect compensation structure rather than an explicit market buy/sell signal.