Evans Bronwyn 4/A

What Happened Bronwyn Evans, a director of EBR Systems, exercised in-the-money derivative/options on June 15, 2026, acquiring 30,000 shares total (two exercises of 15,000 shares each). One block was exercised at A$3.80 per share (A$57,000) and the other at A$3.85 per share (A$57,750), for a combined cost of A$114,750. This was an acquisition via option exercise (not a sale); option exercises are often routine liquidity or compensation events rather than directional bets.

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 consideration: A$114,750.
• Shares owned after transaction: not specified in the provided summary; this filing is an AMENDED Form 4 to correct the beneficial ownership to reflect a 1-for-10 reverse stock split effected April 1, 2026.
• Notable footnotes:
  • F1: These shares represent common stock underlying Chess Depositary Interests (CDIs) traded on the Australian Securities Exchange and held by CHESS Depositary Nominees.
  • F2: Prices reported in Australian dollars.
  • F3: Amended filing corrects previously reported beneficial ownership to reflect the April 1, 2026 1-for-10 reverse stock split.
• Filing status: This is an amended Form 4 (filed 2026-07-01) correcting the earlier June 17 filing; no separate late-filing flag was indicated in the provided data.

Context

• The transaction code corresponds to an option/derivative exercise (M). There is no indication the shares were immediately sold (no cashless sale reported), so the filing shows shares were acquired.
• For retail investors: option exercises are common for insiders to convert granted equity into stock; while purchases can be informative, they do not by themselves prove a change in sentiment. The amendment mainly corrects reported ownership to reflect the recent reverse split and the CDI structure on the ASX.