EBR Systems (EBRCZ) director awarded 34,211 stock options at $3.80

Rhea-AI Filing Summary

EBR Systems, Inc. director David Steinhaus received a grant of stock options covering 34,211 shares of common stock. The options have an exercise price of $3.7999 per share and expire on May 5, 2036. One-twelfth of the options will vest on June 6, 2026 and then monthly, as long as he continues as a service provider.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Steinhaus David

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy)	34,211	$0.00	--

Holdings After Transaction: Stock Option (right to buy) — 34,211 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options granted: 34,211 options Exercise price: $3.7999 per share Expiration date: May 5, 2036 +2 more

5 metrics

Options granted 34,211 options Stock Option (right to buy) grant to director

Exercise price $3.7999 per share Stock option exercise price for common stock

Expiration date May 5, 2036 Option term end date

Vesting commencement June 6, 2026 First vesting date for 1/12 of option grant

Post-grant derivative holdings 34,211 options Total derivative securities following this transaction

Key Terms

Stock Option (right to buy), exercise price, vesting

3 terms

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)""

exercise price financial

"conversion_or_exercise_price: "3.7999""

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.

vesting financial

"1/12 of the shares subject to the option shall vest on June 6, 2026 and each month thereafter"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

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^*

Steinhaus David

(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)
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)

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

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
Stock Option (right to buy)	$3.7999	05/06/2026		A		34,211		(1)	05/05/2036	Common Stock	34,211	$0	34,211	D

Explanation of Responses:

1. 1/12 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	05/08/2026
	** 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)

FAQ

What did EBR Systems (EBRCZ) disclose about David Steinhaus in this Form 4?

The filing shows director David Steinhaus received a grant of 34,211 stock options. These options relate to EBR Systems’ common stock and represent a compensation award, not an open-market share purchase or sale.

How many stock options did David Steinhaus receive from EBR Systems (EBRCZ)?

David Steinhaus was granted 34,211 stock options. Each option represents the right to buy one share of EBR Systems common stock, providing potential future equity exposure if he chooses to exercise at the stated price.

What is the exercise price and expiration date of the EBR Systems (EBRCZ) options?

The stock options have an exercise price of $3.7999 per share and expire on May 5, 2036. This means Steinhaus may purchase shares at $3.7999 any time before the expiration date, subject to vesting.

How do the EBR Systems (EBRCZ) options granted to David Steinhaus vest?

One-twelfth of the options vest on June 6, 2026, with additional portions vesting monthly thereafter. Vesting continues only while Steinhaus remains a service provider, aligning the award with ongoing service to the company.

Is the EBR Systems (EBRCZ) Form 4 transaction an open-market buy or sell?

No, the Form 4 reports a grant of stock options classified as a derivative award. It is labeled as a grant, award, or other acquisition, not an open-market purchase or sale of existing common shares.