EDAP TMS SA (NASDAQ: EDAP) SVP details stock and option stake holdings

Rhea-AI Filing Summary

EDAP TMS SA senior vice president of marketing and product management, Steven Annen, filed an initial statement of beneficial ownership. He reports owning 41,490 shares of EDAP common stock, which includes restricted stock units granted under the company’s 2025 RSU (Free Share) Plan with vesting milestones through December 2027 and June 2028. He also holds stock options exercisable for 80,000 shares at $8.85 per share and 123,750 shares at $1.74 per share, with option vesting staggered monthly over multi‑year schedules.

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^*

Annen Steven

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Marketing & Product Mgmt.

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)	41,490	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	(2)	08/23/2033	Common Stock	80,000	$8.85(3)	D
Stock Options	(4)	06/20/2035	Common Stock	123,750	$1.74(5)	D

Explanation of Responses:

1. Includes restricted stock units ("RSUs") granted pursuant to the 2025 RSU (Free Share) Plan of the registrant on June 20, 2025. Each RSU represents the right to receive one share of EDAP common stock, four-sixths of which will vest on the second anniversary of the date of grant and the remaining two-sixths will vest in two installments on December 20, 2027 and June 20, 2028, respectively.

2. The options, which were granted on August 23, 2023, 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.

3. The option exercise price reflected was converted from 7.53 euros into U.S. dollars based on an exchange rate of EUR 1 to USD 1.1750.

4. One-sixth of the options become exercisable on December 20, 2025, which is the six-month anniversary of the date of grant, and with respect to the remaining five-sixths of the options, one-thirtieth become exercisable at the end of each month following the six-month anniversary of the date of grant.

5. The option exercise price reflected was converted from 1.48 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 this Form 3 filing show about EDAP (EDAP) insider Steven Annen?

It shows that Steven Annen, SVP of Marketing & Product Management at EDAP TMS SA, has reported his initial beneficial ownership of EDAP common stock and stock options as of 01/01/2026.

How many EDAP TMS SA common shares does Steven Annen beneficially own?

Steven Annen reports beneficial ownership of 41,490 shares of EDAP common stock, including restricted stock units granted under the 2025 RSU (Free Share) Plan.

What stock options on EDAP shares does Steven Annen hold?

He holds stock options exercisable for 80,000 EDAP common shares at an exercise price of $8.85 per share and options for 123,750 EDAP common shares at an exercise price of $1.74 per share.

How were the EDAP stock option exercise prices determined in this Form 3?

The $8.85 exercise price was converted from 7.53 euros, and the $1.74 exercise price from 1.48 euros, using an exchange rate of EUR 1 to USD 1.1750.

What are the key vesting terms for Steven Annen’s RSUs at EDAP?

The RSUs granted on June 20, 2025 vest such that four-sixths vest on the second anniversary of the grant date, and the remaining two-sixths vest in installments on December 20, 2027 and June 20, 2028.

When do Steven Annen’s EDAP stock options become exercisable?

Options granted on August 23, 2023 became exercisable for one-sixth after six months and then monthly through the third anniversary of grant. Options granted on June 20, 2025 become exercisable one-sixth on December 20, 2025, with the remaining five-sixths vesting in monthly installments thereafter.

Is Steven Annen a director or major shareholder of EDAP TMS SA?

According to the filing, Steven Annen is an officer of EDAP TMS SA with the title SVP, Marketing & Product Mgmt. He is not listed as a director or a 10% owner.