EDAP TMS SA (EDAP) director Lance Willsey discloses 1.24M shares

Rhea-AI Filing Summary

EDAP TMS SA director Lance Willsey filed an initial ownership report showing he beneficially owns 1,241,780 shares of Common Stock directly. He also holds stock options for 280,000 shares of Common Stock with an exercise price of $1.42 per share, converted from 1.21 euros using an exchange rate of EUR 1 to USD 1.1750.

The options were granted on April 15, 2025 and became exercisable as to one-sixth of the grant on the six-month anniversary of that date, with the remaining options becoming exercisable on a monthly basis through the third anniversary of the grant date.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

WILLSEY LANCE

(Last) (First) (Middle)

4410 EL CAMINO REAL

SUITE 150

(Street)

LOS ALTOS, CA 94022

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
EDAP TMS SA [ EDAP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,241,780	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	(1)	04/15/2035	Common Stock	280,000	$1.42(2)	D

Explanation of Responses:

1. The options, which were granted on April 15, 2025, became exercisable with respect to one-sixth of the options on the six-month anniversary of the date of grant and became exercisable or will become exercisable on a monthly basis thereafter through the third anniversary of the date of grant with respect to the remaining options.

2. The option exercise price reflected was converted from 1.21 euros into U.S. dollars based on an exchange rate of EUR 1 to USD 1.1750.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Blandine Confort, as Attorney-in-Fact	01/14/2026
	** 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 5 (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.

FAQ

What does the EDAP Form 3 filing disclose about Lance Willsey?

It shows that Lance Willsey, a director of EDAP TMS SA, filed an initial statement of beneficial ownership, reporting his holdings of Common Stock and stock options in the company.

How many EDAP (EDAP) common shares does Lance Willsey report owning?

He reports beneficial ownership of 1,241,780 shares of EDAP TMS SA Common Stock, held directly.

What stock options in EDAP does Lance Willsey report on this Form 3?

He reports holding stock options for 280,000 shares of Common Stock, which were granted on April 15, 2025.

What is the exercise price of Lance Willsey’s EDAP stock options?

The options have an exercise price of $1.42 per share, converted from 1.21 euros using an exchange rate of EUR 1 to USD 1.1750.

How do Lance Willsey’s EDAP stock options vest?

One-sixth of the options became exercisable on the six-month anniversary of the April 15, 2025 grant date, and the remaining options became or will become exercisable on a monthly basis through the third anniversary of the grant date.

Is Lance Willsey’s ownership in EDAP reported as direct or indirect?

Both the 1,241,780 Common Stock shares and the 280,000 stock options are reported as held directly (D) by Lance Willsey.