EBR Systems director exercises options for 30,000 shares

EBR Systems, Inc. director Bronwyn Evans reported two indirect acquisitions of common stock through exercises of in-the-money derivative securities.

Rhea-AI Filing Summary

EBR Systems, Inc. director Bronwyn Evans reported two indirect acquisitions of common stock through exercises of in-the-money derivative securities. On June 15, 2026, entities "By Bronwyn Evans and Peter Douglas Gordon" exercised derivatives into 15,000 common shares at A$3.85 per share and another 15,000 shares at A$3.80 per share. The footnotes explain these represent the same number of Chess Depositary Interests traded on the Australian Securities Exchange and note that the reported beneficial ownership reflects a 1-for-10 reverse stock split effective April 1, 2026.

Insider Trade Summary

In-the-Money Exercise: 30,000 shares

In-the-Money Exercise 2 txns

Insider Evans Bronwyn

Role Director

Type	Security	Shares	Price	Value
In-the-Money Exercise	Common Stock	15,000	$3.80	$57K
In-the-Money Exercise	Common Stock	15,000	$3.85	$58K

Holdings After Transaction: Common Stock — 85,158 shares (Indirect, By Bronwyn Evans and Peter Douglas Gordon)

Footnotes (3)

1. F1. Represents shares of the Issuer's common stock underlying the same amount of Chess Depositary Interests ("CDIs"). The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.
2. F2. The price is reported in Australian dollars.
3. F3. The number of shares beneficially owned reflects the 1-for-10 reverse stock split effected April 1, 2026 (the "Stock Split"). The number of shares reported as beneficially owned in the original Form 4, filed June 17, 2026, did not reflect the Stock Split.

Key Figures

Derivative exercise size 1: 15,000 shares Exercise price 1: A$3.85 per share Derivative exercise size 2: 15,000 shares +2 more

5 metrics

Derivative exercise size 1 15,000 shares Common Stock acquired via in-the-money derivative exercise on June 15, 2026

Exercise price 1 A$3.85 per share Price for 15,000-share exercise of Common Stock

Derivative exercise size 2 15,000 shares Second Common Stock acquisition via derivative exercise on June 15, 2026

Exercise price 2 A$3.80 per share Price for second 15,000-share exercise of Common Stock

Reverse stock split ratio 1-for-10 Reverse stock split effective April 1, 2026 affecting beneficial ownership figures

Key Terms

Chess Depositary Interests ("CDIs"), Australian Securities Exchange, reverse stock split, beneficially owned, +1 more

5 terms

Chess Depositary Interests ("CDIs") financial

"Represents shares of the Issuer's common stock underlying the same amount of Chess Depositary Interests ("CDIs")."

Australian Securities Exchange financial

"The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited"

Australian Securities Exchange is Australia’s main marketplace where stocks, bonds, ETFs and other tradable financial instruments are bought and sold. Think of it as a large, regulated marketplace that shows current prices, matches buyers and sellers, and enforces rules to keep trading fair and orderly—information and liquidity from the exchange directly affect how easy it is to trade an investment and how its market price is determined.

reverse stock split financial

"reflects the 1-for-10 reverse stock split effected April 1, 2026 (the "Stock Split")."

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

beneficially owned financial

"The number of shares beneficially owned reflects the 1-for-10 reverse stock split"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

in-the-money derivative exercise financial

"transaction_action": "in-the-money derivative exercise""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did EBR Systems (EBRCZ) director Bronwyn Evans report?

Bronwyn Evans reported two indirect acquisitions of EBR Systems common stock via exercises of in-the-money derivative securities. Each transaction converted 15,000 Chess Depositary Interests into common shares, reflecting compensation-related activity rather than open-market buying or selling.

How many EBR Systems (EBRCZ) shares were involved in Bronwyn Evans’ latest Form 4/A?

The filing shows two derivative exercises, each for 15,000 shares of EBR Systems common stock. These represent the same number of Chess Depositary Interests, which trade on the Australian Securities Exchange and are economically equivalent to the issuer’s common shares.

At what prices were the EBR Systems (EBRCZ) derivative exercises reported?

The transactions were reported at prices of A$3.85 and A$3.80 per share. A footnote clarifies these prices are in Australian dollars and relate to Chess Depositary Interests that correspond to the same number of EBR Systems common shares.

How are Bronwyn Evans’ EBR Systems (EBRCZ) holdings characterized in the Form 4/A?

The holdings are reported as indirect, described as "By Bronwyn Evans and Peter Douglas Gordon." This means the shares are held through an arrangement associated with both individuals rather than directly in Evans’ personal name on the company’s books.

What does the reverse stock split note mean for EBR Systems (EBRCZ) share figures?

A footnote states that beneficial ownership figures reflect a 1-for-10 reverse stock split effective April 1, 2026. It also clarifies the original Form 4 did not reflect this split, so the amended filing updates the share counts accordingly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 05:37 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Evans Bronwyn

(Last) (First) (Middle)

480 OAKMEAD PARKWAY

(Street)

SUNNYVALE CALIFORNIA 94085

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EBR Systems, Inc. [ NONE ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/17/2026

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	06/15/2026		X		15,000(1)	A	$3.8(2)	80,158(1)(3)	I	By Bronwyn Evans and Peter Douglas Gordon
Common Stock	06/15/2026		X		15,000(1)	A	$3.85(2)	85,158(1)(3)	I	By Bronwyn Evans and Peter Douglas Gordon

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. Represents shares of the Issuer's common stock underlying the same amount of Chess Depositary Interests ("CDIs"). The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.

2. The price is reported in Australian dollars.

3. The number of shares beneficially owned reflects the 1-for-10 reverse stock split effected April 1, 2026 (the "Stock Split"). The number of shares reported as beneficially owned in the original Form 4, filed June 17, 2026, did not reflect the Stock Split.

	/s/ Gary W Doherty, Attorney-in-Fact	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)