EBR Systems director exercises rights for 27,579 shares

EBR Systems director Bronwyn Evans, together with Peter Douglas Gordon, exercised subscription rights to acquire 27,579 shares of Common Stock at A$3.80 per share.

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Form Type

Rhea-AI Filing Summary

EBR Systems director Bronwyn Evans, together with Peter Douglas Gordon, exercised subscription rights to acquire 27,579 shares of Common Stock at A$3.80 per share. These shares represent common stock underlying 275,790 Chess Depositary Interests (CDIs) traded on the Australian Securities Exchange.

Following the transactions, their indirect holdings increased to 112,737 shares of Common Stock, representing common stock underlying 1,127,370 CDIs held via CHESS Depository Nominees. All activity reflects an exercise of in-the-money derivative rights rather than an open-market purchase or sale.

Insider Trade Summary

55,158 shares exercised/converted

Exercise 3 txns

Insider Evans Bronwyn

Role Director

Type	Security	Shares	Price	Value
In-the-Money Exercise	Subscription Rights (right to buy)	27,579	$0.00	$0.00
In-the-Money Exercise	Subscription Rights (right to buy)	27,579	$0.00	$0.00
In-the-Money Exercise	Common Stock	27,579	$3.80	$105K

Holdings After Transaction: Subscription Rights (right to buy) — 0 contracts (Indirect, By Bronwyn Evans and Peter Douglas Gordon); Common Stock — 112,737 shares (Indirect, By Bronwyn Evans and Peter Douglas Gordon)

Footnotes (4)

F1. Represents shares of the Issuer's common stock underlying 275,790 Chess Depositary Interests ("CDIs"). The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depository Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.
F2. The CDIs were issued in connection with an entitlement offer or rights offering, pursuant to a Security Purchase Plan on ASX.
F3. The price is reported in Australian dollars.
F4. Represents shares of the Issuer's common stock underlying 1,127,370 CDIs. The CDIs are traded on the ASX and are held by CHESS Depository Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.

Key Figures

Common shares acquired: 27,579 shares Exercise price: A$3.80 per share Post-transaction holdings: 112,737 shares +2 more

5 metrics

Common shares acquired 27,579 shares Common Stock received from subscription rights exercise on 2026-06-29

Exercise price A$3.80 per share Price reported for Common Stock acquired via rights exercise

Post-transaction holdings 112,737 shares Indirect Common Stock position following transactions

CDIs for acquired shares 275,790 CDIs CDIs corresponding to Common Stock acquired via rights

Total CDI-backed position 1,127,370 CDIs CDIs underlying total 112,737 indirectly held shares

Key Terms

Subscription Rights (right to buy), Chess Depositary Interests ("CDIs"), entitlement offer or rights offering, Security Purchase Plan, +1 more

5 terms

Subscription Rights (right to buy) financial

"security_title: "Subscription Rights (right to buy)""

Chess Depositary Interests ("CDIs") financial

"Represents shares of the Issuer's common stock underlying 275,790 Chess Depositary Interests ("CDIs")."

entitlement offer or rights offering financial

"The CDIs were issued in connection with an entitlement offer or rights offering, pursuant to a Security Purchase Plan on ASX."

Security Purchase Plan financial

"The CDIs were issued in connection with an entitlement offer or rights offering, pursuant to a Security Purchase Plan on ASX."

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 did Bronwyn Evans report in the latest Form 4 for EBR Systems (EBRCZ)?

Bronwyn Evans, with Peter Douglas Gordon, exercised subscription rights to acquire 27,579 EBR Systems common shares at A$3.80 each. The transaction reflects in-the-money rights exercises, not open-market buying or selling, and increases their indirect ownership position.

How many EBR Systems shares does Bronwyn Evans indirectly hold after this Form 4?

After the reported transactions, Bronwyn Evans and Peter Douglas Gordon indirectly hold 112,737 EBR Systems common shares. These shares correspond to 1,127,370 Chess Depositary Interests (CDIs) held through CHESS Depository Nominees on the Australian Securities Exchange.

What securities did Bronwyn Evans exercise in the EBR Systems (EBRCZ) filing?

The filing shows exercises of “Subscription Rights (right to buy)” linked to EBR Systems common stock. These in‑the‑money rights were converted into 27,579 common shares at an exercise price of A$3.80 per share, increasing indirect equity ownership.

Are Bronwyn Evans’s EBR Systems holdings direct or indirect in this Form 4?

All holdings and transactions reported in this Form 4 are classified as indirect. The shares are held jointly by Bronwyn Evans and Peter Douglas Gordon and represented by CDIs, which are custodial interests traded on the Australian Securities Exchange.

What are Chess Depositary Interests (CDIs) in the EBR Systems Form 4?

The Form 4 explains that CDIs are instruments traded on the Australian Securities Exchange representing EBR Systems common stock. CDIs are held by CHESS Depository Nominees, and the reported 275,790 and 1,127,370 CDIs correspond to underlying common shares owned indirectly.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/01/2026 - 05:39 PM EDT

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)
06/29/2026

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)
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)
Common Stock	06/29/2026		X		27,579⁽¹⁾⁽²⁾	A	$3.8⁽³⁾	112,737⁽⁴⁾	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)
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)
Subscription Rights (right to buy)	$3.8⁽³⁾	06/29/2026		X		27,579⁽¹⁾⁽²⁾		06/29/2026	06/29/2026	Common Stock	27,579	$0	27,579	I	By Bronwyn Evans and Peter Douglas Gordon
Subscription Rights (right to buy)	$3.8⁽³⁾	06/29/2026		X			27,579⁽¹⁾⁽²⁾	06/29/2026	06/29/2026	Common Stock	27,579	$0	0	I	By Bronwyn Evans and Peter Douglas Gordon

Explanation of Responses:

1. Represents shares of the Issuer's common stock underlying 275,790 Chess Depositary Interests ("CDIs"). The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depository Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.

2. The CDIs were issued in connection with an entitlement offer or rights offering, pursuant to a Security Purchase Plan on ASX.

3. The price is reported in Australian dollars.

4. Represents shares of the Issuer's common stock underlying 1,127,370 CDIs. The CDIs are traded on the ASX and are held by CHESS Depository Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.

	/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)

Source: View Original Filing on SEC EDGAR