[Form 4] AtriCure, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Michael H. Carrel, who serves as President, CEO and a Director of AtriCure, reported a charitable gift of 10,000 shares of AtriCure common stock on 08/08/2025 with no consideration received. After the reported transaction he beneficially owned 697,377 shares directly. The filing also discloses that 9,310 shares are held by his children and 2,250 shares are held by his parents, which he disclaims except for a pecuniary interest. The disclosure is coded as a gift and reflects insider compliance with Section 16 reporting.

Insights

Securities Analyst

TL;DR: CEO reported a 10,000-share charitable gift; ownership remains substantial and the transaction is unlikely to move the stock materially.

The report shows a disposal coded as a gift of 10,000 ATRC shares on 08/08/2025 at $0 consideration. Following the transaction the reporting person retains 697,377 shares directly, plus disclosed indirect holdings of 9,310 and 2,250 shares via family members. From a trading-impact perspective, the gift lowers direct holdings modestly but does not indicate economic divestiture or sale proceeds. The filing is a routine Section 16 disclosure and contains no derivative activity or other transactions.

Corporate Governance Expert

TL;DR: Disclosure documents a philanthropic transfer by the CEO and demonstrates timely insider reporting and ownership transparency.

The Form 4 details a charitable transfer (transaction code G) and includes an explicit disclaimer regarding indirect family holdings. This is a standard governance disclosure that confirms the officer is meeting reporting obligations and clarifies his direct and indirect beneficial ownership. The information is useful for assessing insider alignment but does not, on its face, signal governance concerns or management change.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CARREL MICHAEL H

(Last) (First) (Middle)

7555 INNOVATION WAY

(Street)

MASON OH 45040-9695

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AtriCure, Inc. [ ATRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CEO, & Director

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/08/2025		G	V	10,000	D	$0(1)	697,377	D
Common Stock								9,310	I	Held by reporting person's children(2)
Common Stock								2,250	I	Held by reporting person's parents(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. No consideration was received in connection with this charitable gift.

2. The reporting person disclaims beneficial ownership of these securities, except as to his pecuniary interest therein.

Remarks:

	/s/ Michael H. Carrel	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Michael H. Carrel report on the ATRC Form 4?

He reported a charitable gift of 10,000 AtriCure (ATRC) shares on 08/08/2025 and noted no consideration was received.

How many ATRC shares does Michael H. Carrel own after the transaction?

The filing shows 697,377 shares beneficially owned directly by Michael H. Carrel following the reported transaction.

Are there any indirect ATRC holdings disclosed for Michael H. Carrel?

Yes. The filing discloses 9,310 shares held by his children and 2,250 shares held by his parents, which he disclaims except for a pecuniary interest.

What type of transaction was reported on the ATRC Form 4?

The transaction is coded as a gift (code G), indicating a charitable transfer rather than a sale or purchase.

Does the Form 4 show any derivative transactions or option activity?

No. Table II for derivative securities is blank; no derivative or option transactions are reported in this filing.