Steinhaus David 4

What Happened
David Steinhaus, a director of EBR Systems, was granted 34,211 shares classified as a derivative acquisition on May 6, 2026. The award shows a $0.00 per-share acquisition price (total value $0 in the filing), indicating a compensation grant rather than a market purchase.

Key Details

• Transaction date: 2026-05-06; reported on Form 4 filed 2026-05-08 (timely filing).
• Transaction type/code: A = Award/Grant (derivative acquisition). Price listed: $0.00.
• Shares affected: 34,211 shares granted.
• Shares owned after transaction: Not specified in the provided filing.
• Vesting/footnote: Footnote F1 — 1/12 of the shares vest on June 6, 2026 and then monthly thereafter, subject to continued service.
• No sale or cash exercise: this was a grant (not a sale or exercised-for-cash transaction).

Context
A $0.00, derivative award typically reflects compensation (e.g., restricted stock or RSUs) that vests over time and is not an immediate purchase signal. Because the award vests monthly beginning June 6, 2026, the shares are unlikely to be immediately tradable. Such director awards are common and do not by themselves indicate insider sentiment about the stock price.