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EDAP (NASDAQ: EDAP) grants 67,500 RSUs and 75,000 stock options to General Counsel

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EDAP TMS SA granted equity awards to its General Counsel and Corporate Secretary, Sanket Shah. He received 67,500 restricted stock units of common stock at no purchase price, taking his direct common share holdings reported in this filing to 67,500 shares.

The RSUs were granted under the 2025-2 Restricted Stock Unit (Free Share) Plan and will vest over four years: half on the second anniversary of the grant date of May 12, 2026, and the rest in equal installments every six months through the fourth anniversary. Shah was also granted stock options for 75,000 shares of common stock at an exercise price of $4.17 per share, expiring on May 12, 2036.

These options become exercisable over three years, with one-sixth vesting six months after the grant date and the remaining five-sixths vesting monthly thereafter. After this grant, Shah directly holds 75,000 stock options linked to EDAP common stock in addition to the RSUs.

Positive

  • None.

Negative

  • None.
Insider Shah Sanket
Role Gen Counsel & Corp Secretary
Type Security Shares Price Value
Grant/Award Stock Options 75,000 $0.00 --
Grant/Award Common Stock 67,500 $0.00 --
Holdings After Transaction: Stock Options — 75,000 shares (Direct, null); Common Stock — 67,500 shares (Direct, null)
Footnotes (1)
  1. Common Stock for the issuer refers to the issuer's ordinary shares. Represents restricted stock units ("RSUs") granted pursuant to the 2025-2 Restricted Stock Unit (Free Share) Plan of the issuer on May 12, 2026, one-half of which will vest on the second anniversary of the date of grant and the remaining one-half will vest in equal installments every 6 months thereafter through the fourth anniversary of the date of grant. Each RSU represents the right to receive one share of EDAP common stock upon settlement. The option exercise price reflected was converted from 3.54 euros to U.S. dollars based on an exchange rate of EUR 1 to USD 1.1784. The options, which were granted on May 12, 2026, will become exercisable with respect to one-sixth of the options on the six-month anniversary of the date of grant and the remaining five-sixths of the options will become exercisable on a monthly basis thereafter through the third anniversary of the date of grant.
RSUs granted 67,500 shares Restricted stock units of common stock granted May 12, 2026
Common shares held after grant 67,500 shares Total direct common stock holdings following RSU grant
Stock options granted 75,000 options Options on common stock granted May 12, 2026
Option exercise price $4.17 per share Converted from 3.54 euros using EUR 1 = USD 1.1784
Option expiration May 12, 2036 Expiration date for 75,000 stock options
RSU vesting start Second anniversary of grant Half of RSUs vest two years after May 12, 2026
Option vesting period Three years One-sixth at six months, remainder monthly to third anniversary
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted pursuant to the 2025-2 Restricted Stock Unit (Free Share) Plan..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2025-2 Restricted Stock Unit (Free Share) Plan financial
"RSUs granted pursuant to the 2025-2 Restricted Stock Unit (Free Share) Plan of the issuer..."
option exercise price financial
"The option exercise price reflected was converted from 3.54 euros to U.S. dollars..."
exchange rate financial
"converted from 3.54 euros to U.S. dollars based on an exchange rate of EUR 1 to USD 1.1784"
Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.
vesting financial
"one-half of which will vest on the second anniversary of the date of grant..."
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 →
SEC Form 4
FORM 4UNITED 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*
Shah Sanket
(Last)(First)(Middle)
4410 EL CAMINO REAL
SUITE 150
(Street)
LOS ALTOS, CALIFORNIA 94022
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EDAP TMS SA [ EDAP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Gen Counsel & Corp Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock(1)(2)05/12/2026A67,500A$067,500D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$4.17(3)05/12/2026A75,000 (4)05/12/2036Common Stock75,000$075,000D
Explanation of Responses:
1. Common Stock for the issuer refers to the issuer's ordinary shares.
2. Represents restricted stock units ("RSUs") granted pursuant to the 2025-2 Restricted Stock Unit (Free Share) Plan of the issuer on May 12, 2026, one-half of which will vest on the second anniversary of the date of grant and the remaining one-half will vest in equal installments every 6 months thereafter through the fourth anniversary of the date of grant. Each RSU represents the right to receive one share of EDAP common stock upon settlement.
3. The option exercise price reflected was converted from 3.54 euros to U.S. dollars based on an exchange rate of EUR 1 to USD 1.1784.
4. The options, which were granted on May 12, 2026, will become exercisable with respect to one-sixth of the options on the six-month anniversary of the date of grant and the remaining five-sixths of the options will become exercisable on a monthly basis thereafter through the third anniversary of the date of grant.
/s/ Blandine Confort, as Attorney-in-Fact05/13/2026
** Signature of Reporting PersonDate
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 equity awards did EDAP (EDAP) grant to Sanket Shah in this Form 4?

EDAP granted Sanket Shah 67,500 restricted stock units and stock options for 75,000 shares of common stock. The RSUs are free shares upon vesting, while the options are exercisable at $4.17 per share through May 12, 2036.

How do the 67,500 EDAP (EDAP) RSUs for Sanket Shah vest over time?

The 67,500 RSUs vest over four years. Half vest on the second anniversary of the May 12, 2026 grant date, and the remaining half vest in equal installments every six months until the fourth anniversary, encouraging longer-term retention and alignment with shareholder interests.

What are the terms of the 75,000 EDAP (EDAP) stock options granted to Sanket Shah?

Sanket Shah received 75,000 stock options with a $4.17 exercise price, expiring May 12, 2036. One-sixth becomes exercisable six months after the May 12, 2026 grant date, and the remaining five-sixths vest monthly until the third anniversary, creating a three-year vesting schedule.

Did Sanket Shah buy or sell EDAP (EDAP) shares in the market in this Form 4?

This Form 4 reports equity compensation grants, not market trades. Sanket Shah acquired 67,500 RSUs and 75,000 stock options as awards from EDAP, at no purchase price, rather than buying or selling shares in open-market transactions.

What is the exercise price and currency basis for the EDAP (EDAP) options granted?

The stock options have a $4.17 exercise price per share. This dollar amount reflects a conversion from 3.54 euros using an exchange rate of EUR 1 to USD 1.1784, as disclosed in the footnotes to the Form 4.