Host-Plus buys 7.7M EBR Systems shares at $2.70
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
EBR Systems, Inc. (EBRCZ) reported that Host-Plus Pty Ltd, as trustee for the HOSTPLUS Pooled Superannuation Trust and a more-than-10% owner, purchased 7,700,119 shares of common stock on August 21, 2026 at approximately US$2.70 per share, via 77,001,190 CHESS Depositary Interests (CDIs) issued on the Australian Securities Exchange. Following this institutional placement tranche, the reporting person indirectly holds 11,049,972 shares through BCP (HP) Co-Investment Trust, plus additional indirect holdings of 3,492,778 and 783,330 shares through two other Hostplus-related trusts.
Insider Trade Summary
Net Buyer: 7,700,119 shares
Net Buy
3 txns
Insider
Host-Plus Pty Ltd as trustee for the HOSTPLUS Pooled Superannuation Trust
Role
10% Owner
Bought
7,700,119 shs ($20.79M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2, F3 | 7,700,119 | $2.70 | $20.79M |
| holding | Common Stock F1, F4, F5 | -- | -- | -- |
| holding | Common Stock F1, F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,049,972 shares (Indirect, By BB6 Service (HP) Coinvestment Trusco Pty Ltd atf BCP (HP) Co-Investment Trust);
Common Stock — 3,492,778 shares (Indirect, By MRCF3 Service (HP) Pty Ltd atf MRCF 3 (HP) Trust);
Common Stock — 783,330 shares (Indirect, By MHC Fund Services B Pty Ltd atf MHC Hostplus Co-Investment Trust)
Footnotes (6)
- F1. Represents shares of the Issuer's common stock underlying 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.
- F2. On August 21, 2026, BB6 Service (HP) Coinvestment Trusco Pty Ltd as trustee for BCP (HP) Co-Investment Trust acquired 77,001,190 CDIs on completion of Tranche 2 of the institutional placement by the Issuer, which was approved by the Issuer's shareholders on August 19, 2026 and settled on August 21, 2026, at a price of A$0.38 per CDI (equivalent to A$3.80 per share of common stock, or approximately US$2.70 per share based on an AUD/USD exchange rate of 0.71 on the settlement date).
- F3. The securities are held directly by BB6 Service (HP) Coinvestment Trusco Pty Ltd as trustee of BCP (HP) Co-Investment Trust. The Reporting Person is the sole beneficiary of BCP (HP) Co-Investment Trust and exercises sole dispositive power over the securities held by BB6 Service (HP) Coinvestment Trusco Pty Ltd.
- F4. Includes 837,638 shares underlying 8,376,380 CDIs previously held by MRCF3 Service (SW) Pty Ltd as trustee for MRCF 3 (SW) Trust, which were transferred to MRCF3 Service (HP) Pty Ltd as trustee of MRCF 3 (HP) Trust subsequent to the Reporting Person's most recent report. Such transfer constituted a change in the Reporting Person's form of ownership that was exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act.
- F5. The securities are held directly by MRCF3 Service (HP) Pty Ltd as trustee of MRCF 3 (HP) Trust. The Reporting Person is the sole beneficiary of MRCF 3 (HP) Trust and exercises sole dispositive power over the securities held by MRCF3 Service (HP) Pty Ltd.
- F6. The Securities are held directly by MHC Fund Services B Pty Ltd as trustee for MHC Hostplus Co-Investment Trust. The Reporting Person is the sole beneficiary of MHC Hostplus Co-Investment Trust and exercises shared dispositive power over the securities held by MHC Fund Services B Pty Ltd.
Key Figures
Shares purchased: 7,700,119 shares of common stock
CDIs acquired: 77,001,190 CDIs
Price per CDI: A$0.38 per CDI
+5 more
8 metrics
Shares purchased
7,700,119 shares of common stock
Purchased on August 21, 2026 by BCP (HP) Co-Investment Trust
CDIs acquired
77,001,190 CDIs
Tranche 2 of institutional placement completed August 21, 2026
Price per CDI
A$0.38 per CDI
Equivalent to A$3.80 per share of common stock
Implied price per share
approximately US$2.70 per share
Based on AUD/USD exchange rate of 0.71 on settlement date
Shares following transaction – BCP (HP) Co-Investment Trust
11,049,972 shares
Indirectly held common stock after August 21, 2026 purchase
Shares held – MRCF 3 (HP) Trust
3,492,778 shares
Indirectly held through MRCF3 Service (HP) Pty Ltd
Shares held – MHC Hostplus Co-Investment Trust
783,330 shares
Indirectly held with shared dispositive power
AUD/USD exchange rate
0.71
Rate used to express CDI price as approximately US$2.70 per share
Key Terms
CHESS Depositary Interests, institutional placement, dispositive power, Rule 16a-13, +1 more
5 terms
CHESS Depositary Interests financial
"Represents shares of the Issuer's common stock underlying CHESS Depositary Interests"
CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.
institutional placement financial
"acquired 77,001,190 CDIs on completion of Tranche 2 of the institutional placement"
dispositive power financial
"exercises sole dispositive power over the securities held by BB6 Service"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Rule 16a-13 regulatory
"exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act"
beneficiary financial
"The Reporting Person is the sole beneficiary of BCP (HP) Co-Investment Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Host-Plus Pty Ltd report in this Form 4 for EBR Systems, Inc. (EBRCZ)?
Host-Plus Pty Ltd, as trustee for the HOSTPLUS Pooled Superannuation Trust, reported purchasing 7,700,119 shares of EBR Systems common stock on August 21, 2026, in connection with Tranche 2 of an institutional placement completed at approximately US$2.70 per share via CDIs on the ASX.
How is Host-Plus’s ownership in EBR Systems (EBRCZ) structured?
Ownership is entirely indirect. Shares are held by three trusts: BCP (HP) Co-Investment Trust, MRCF 3 (HP) Trust, and MHC Hostplus Co-Investment Trust. Host-Plus is the sole beneficiary of each trust and exercises sole or shared dispositive power over the securities held by their respective trustee entities.
Did Host-Plus’s EBR Systems (EBRCZ) filing involve a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 checkbox is not checked, and the footnotes describe an institutional placement and trust structures but do not state that the transactions were executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
