EBR Systems (EBRCZ) awards CEO 188,462 options at $6.1382 exercise price

Q: What did EBR Systems (EBRCZ) disclose about John McCutcheon’s new stock options?

EBR Systems disclosed that CEO John McCutcheon received a grant of 188,462 stock options on May 6, 2026. These options relate to common stock, carry an exercise price of $6.1382 per share , and expire on May 5, 2036 .

Q: How many options were granted to the EBR Systems (EBRCZ) CEO and at what exercise price?

The CEO was granted 188,462 stock options with an exercise price of $6.1382 per share . Each option represents the right to buy one share of EBR Systems common stock at that price before the stated expiration date.

Q: What is the vesting schedule for the EBR Systems (EBRCZ) CEO’s new stock options?

The options vest in equal monthly installments of 1/48 of the total grant starting June 6, 2026 . Vesting continues each month thereafter, subject to John McCutcheon’s continued status as a service provider to EBR Systems.

Q: Why was the EBR Systems (EBRCZ) Form 4 amended for the CEO’s option grant?

The Form 4 was amended to reflect the correct per-share exercise price of the CEO’s stock options. The filing notes that the original report dated May 8, 2026, required correction specifically for the exercise price disclosure.

Q: When do the EBR Systems (EBRCZ) CEO stock options expire?

The granted stock options expire on May 5, 2036 . After that date, any unexercised portion of the 188,462 options will no longer be exercisable, regardless of vesting status or the underlying share price at that time.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

EBR Systems, Inc. reported that its President and CEO, John McCutcheon, received a grant of 188,462 stock options on May 6, 2026. The options have an exercise price of $6.1382 per share, expire on May 5, 2036, and relate to 188,462 shares of common stock. The amendment updates the record to reflect the correct per-share exercise price. According to the vesting terms, 1/48 of the option shares vest monthly starting June 6, 2026, so long as he continues as a service provider.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McCutcheon John

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy) ^{F1, F2}	188,462	$0.00	$0.00

Holdings After Transaction: Stock Option (right to buy) — 188,462 shares (Direct)

Footnotes (2)

F1. The original Form 4 filed May 8, 2026 has been amended to reflect the correct per share exercise price.
F2. 1/48 of the shares subject to the option shall vest on June 6, 2026 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

Key Figures

Options Granted: 188,462 options Exercise Price: $6.1382 per share Underlying Shares: 188,462 shares +2 more

5 metrics

Options Granted 188,462 options Stock options granted to President and CEO John McCutcheon on May 6, 2026

Exercise Price $6.1382 per share Per-share exercise price for the granted stock options, corrected in this amendment

Underlying Shares 188,462 shares Common stock underlying the granted stock options

Option Expiration May 5, 2036 Expiration date of the CEO’s stock options

Monthly Vesting Portion 1/48 of shares Portion of option shares that vest each month beginning June 6, 2026

Key Terms

Stock Option (right to buy), exercise price, vest, service provider

4 terms

Stock Option (right to buy) financial

"security_title: Stock Option (right to buy)"

exercise price financial

"correct per share exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vest financial

"1/48 of the shares subject to the option shall vest on June 6, 2026"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

service provider financial

"subject to the Reporting Person continuing as a service provider"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/28/2026 - 05:55 PM Accepted by SEC EDGAR 07/28/2026 - 05:54 PM

FAQ

What did EBR Systems (EBRCZ) disclose about John McCutcheon’s new stock options?

EBR Systems disclosed that CEO John McCutcheon received a grant of 188,462 stock options on May 6, 2026. These options relate to common stock, carry an exercise price of $6.1382 per share, and expire on May 5, 2036.

How many options were granted to the EBR Systems (EBRCZ) CEO and at what exercise price?

The CEO was granted 188,462 stock options with an exercise price of $6.1382 per share. Each option represents the right to buy one share of EBR Systems common stock at that price before the stated expiration date.

What is the vesting schedule for the EBR Systems (EBRCZ) CEO’s new stock options?

The options vest in equal monthly installments of 1/48 of the total grant starting June 6, 2026. Vesting continues each month thereafter, subject to John McCutcheon’s continued status as a service provider to EBR Systems.

Why was the EBR Systems (EBRCZ) Form 4 amended for the CEO’s option grant?

The Form 4 was amended to reflect the correct per-share exercise price of the CEO’s stock options. The filing notes that the original report dated May 8, 2026, required correction specifically for the exercise price disclosure.

When do the EBR Systems (EBRCZ) CEO stock options expire?

The granted stock options expire on May 5, 2036. After that date, any unexercised portion of the 188,462 options will no longer be exercisable, regardless of vesting status or the underlying share price at that time.

Are the new EBR Systems (EBRCZ) CEO options immediately exercisable?

No, the options are not fully exercisable immediately; they vest over time. 1/48 of the shares vest on June 6, 2026, with additional 1/48 installments vesting monthly, conditioned on continued service to EBR Systems.

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^*

McCutcheon John

(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
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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)
05/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$6.1382⁽¹⁾	05/06/2026		A		188,462		⁽²⁾	05/05/2036	Common Stock	188,462	$0	188,462	D

Explanation of Responses:

1. The original Form 4 filed May 8, 2026 has been amended to reflect the correct per share exercise price.

2. 1/48 of the shares subject to the option shall vest on June 6, 2026 and each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

	/s/ Gary W Doherty, Attorney-in-Fact	07/28/2026
	** 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)

Source: View Original Filing on SEC EDGAR