Evans Bronwyn 4

What Happened

• Director Bronwyn Evans exercised in-the-money options on June 15, 2026, acquiring a total of 30,000 shares of EBR Systems. The exercise was in two tranches: 15,000 shares at A$3.80 (A$57,000) and 15,000 shares at A$3.85 (A$57,750), for a combined exercise cost of A$114,750.
• This transaction is an acquisition (the insider acquired shares via option exercise), not a sale. The filing reports the exercise only; it does not show any immediate disposition of the shares.

Key Details

• Transaction dates and prices: 2026-06-15 — 15,000 shares @ A$3.80 (A$57,000) and 15,000 shares @ A$3.85 (A$57,750).
• Total shares acquired: 30,000; total exercise cost reported: A$114,750. (Prices and amounts reported in Australian dollars — see footnote.)
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes: F1 — these shares underlie Chess Depositary Interests (CDIs) traded on the ASX and held by CHESS Depositary Nominees Pty Ltd; F2 — prices reported in AUD.
• Filing timeliness: Reported on Form 4 filed 2026-06-17 for a 2026-06-15 transaction (timely filing within the usual two-business-day window).

Context

• This was an option exercise (derivative conversion to common shares/CDIs). The Form 4 shows acquisition only and does not indicate a cashless exercise or immediate sale, so it appears the shares were acquired rather than sold.
• CDIs represent the issuer’s common stock on the Australian Securities Exchange and are held through CHESS Depositary Nominees (per F1).
• Purchases or exercises by insiders can be more informative than sales, but filings do not state motives — treat this as a factual report of the insider acquiring shares.