EBR Systems (EBRCZ) CEO receives 188,462-share stock option grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

EBR Systems, Inc. President and CEO John McCutcheon received a grant of stock options covering 188,462 shares of Common Stock. The options have an exercise price of $3.7999 per share and expire on May 5, 2036.

According to the vesting terms, 1/48 of the option shares will vest on June 6, 2026, with additional portions vesting monthly thereafter, as long as he continues as a service provider. Following this grant, he directly holds options for 188,462 shares.

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)	188,462	$0.00	--

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

Footnotes (1)

[object Object]

Key Figures

Option grant size: 188,462 shares Exercise price: $3.7999 per share Shares after grant: 188,462 options +3 more

6 metrics

Option grant size 188,462 shares Stock Option (right to buy) underlying Common Stock

Exercise price $3.7999 per share Conversion or exercise price of stock options

Shares after grant 188,462 options Total option shares following transaction (direct)

Expiration date May 5, 2036 Option expiration date

Initial vesting date June 6, 2026 1/48 of option shares vest on this date

Vesting schedule 1/48 monthly Monthly vesting after June 6, 2026 while serving

Key Terms

Stock Option (right to buy), Common Stock, exercise price, expiration date, +1 more

5 terms

Stock Option (right to buy) financial

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

Common Stock financial

"underlying_security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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.

expiration date financial

"expiration_date: "2036-05-05T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

vesting financial

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

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 →

05/08/2026 - 07:08 PM

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)

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)	$3.7999	05/06/2026		A		188,462		⁽¹⁾	05/05/2036	Common Stock	188,462	$0	188,462	D

Explanation of Responses:

1. 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	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EBR Systems (EBRCZ) report for John McCutcheon?

EBR Systems reported that President and CEO John McCutcheon received a stock option grant for 188,462 shares of Common Stock. These options were awarded at an exercise price of $3.7999 per share and represent a compensation-related acquisition, not an open-market purchase or sale.

How many EBR Systems (EBRCZ) shares are covered by the new stock options?

The new stock option grant covers 188,462 shares of EBR Systems Common Stock. This entire amount is subject to vesting over time, and following the grant McCutcheon directly holds options for these 188,462 underlying shares according to the filing data provided.

What is the exercise price and expiration date of John McCutcheon’s EBR Systems options?

The options have an exercise price of $3.7999 per share and expire on May 5, 2036. This means McCutcheon may choose to buy shares at $3.7999 up until the expiration date, subject to vesting and continued service requirements.

How do the EBR Systems (EBRCZ) stock options granted to John McCutcheon vest?

The options vest in monthly installments over four years. Specifically, 1/48 of the shares will vest on June 6, 2026, and an additional 1/48 will vest each month afterward, provided McCutcheon continues as a service provider through each applicable vesting date.

Is the EBR Systems (EBRCZ) Form 4 transaction a buy or sell of shares?

The Form 4 reflects an acquisition of derivative securities through a stock option grant, not a market trade. John McCutcheon received options to acquire 188,462 shares at $3.7999 per share as compensation, with no open-market buying or selling reported in this transaction.