EDAP director receives 114,285 stock options grant

EDAP TMS SA director Lance Willsey received a grant of stock options covering 114,285 shares of common stock.

Rhea-AI Filing Summary

EDAP TMS SA director Lance Willsey received a grant of stock options covering 114,285 shares of common stock. The options have an exercise price of $4.17 per share, converted from 3.54 euros, and expire on May 12, 2036. This is a compensation-related award, not an open-market purchase or sale.

According to the vesting terms, one-sixth of the options will become exercisable six months after the grant date of May 12, 2026, and the remaining five-sixths will vest monthly through the third anniversary of the grant.

Insider Trade Summary

Grant/Award: 114,285 shares

Grant/Award 1 txn

Insider WILLSEY LANCE

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Options	114,285	$0.00	$0.00

Holdings After Transaction: Stock Options — 114,285 contracts (Direct)

Footnotes (3)

1. F1. 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.
2. F2. 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.
3. F3. Common Stock for the issuer refers to the issuer's ordinary shares.

Key Figures

Options granted: 114,285 options Exercise price: $4.17 per share Underlying shares: 114,285 shares +3 more

6 metrics

Options granted 114,285 options Stock option grant to director Lance Willsey

Exercise price $4.17 per share Converted from 3.54 euros using EUR 1 = USD 1.1784

Underlying shares 114,285 shares Common stock underlying the stock options

Expiration date May 12, 2036 Option term for the granted stock options

Vesting start Six-month anniversary of May 12, 2026 One-sixth of options become exercisable at this time

Post-transaction holdings (options) 114,285 options Total stock options held after this grant

Key Terms

Stock Options, Grant, award, or other acquisition, exercise price, exercisable, +1 more

5 terms

Stock Options financial

"security_title: "Stock Options" and underlying_security_title: "Common Stock""

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

exercise price financial

"The option exercise price reflected was converted from 3.54 euros to U.S. dollars"

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.

exercisable financial

"will become exercisable with respect to one-sixth of the options on the six-month anniversary"

ordinary shares financial

"Common Stock for the issuer refers to the issuer's ordinary shares."

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did EDAP director Lance Willsey report on this Form 4 for EDAP?

Lance Willsey reported receiving a stock option grant for 114,285 shares. The options relate to EDAP TMS SA common stock, are compensation-based, and do not represent an open-market purchase or sale of existing shares.

What is the exercise price and currency basis of the EDAP stock options granted?

The options have an exercise price of $4.17 per share. This price was converted from 3.54 euros using an exchange rate of EUR 1 to USD 1.1784, as described in the filing footnotes.

How many EDAP shares are covered by the stock options granted to Lance Willsey?

The grant covers 114,285 underlying shares of EDAP common stock. These options give the director the right, once vested and exercised, to acquire that number of ordinary shares at the stated exercise price.

When do the EDAP stock options granted to Lance Willsey begin to vest and become exercisable?

Vesting begins six months after the May 12, 2026 grant date. One-sixth of the options becomes exercisable at that time, with the remaining five-sixths vesting monthly through the third anniversary of the grant.

What is the expiration date of the EDAP stock options granted in this Form 4?

The stock options expire on May 12, 2036. After this date, any unexercised options from the 114,285-share grant will lapse and can no longer be used to purchase EDAP common stock.

Are the EDAP stock options reported a market transaction or compensation award?

The options are a compensation-related grant or award. The transaction code "A" and description indicate a grant, award, or other acquisition, rather than a market buy or sell of EDAP shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/13/2026 - 06:04 AM Learn about SEC filing dates

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^*

WILLSEY LANCE

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$4.17(1)	05/12/2026		A		114,285		(2)	05/12/2036	Common Stock(3)	114,285	$0	114,285	D

Explanation of Responses:

1. 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.

2. 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.

3. Common Stock for the issuer refers to the issuer's ordinary shares.

	/s/ Blandine Confort, as Attorney-in-Fact	05/13/2026
	** 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)