ESTA director exercises options for 36,780 shares

ESTABLISHMENT LABS HOLDINGS INC. director Edward J. Schutter exercised a stock option to acquire additional equity in the company.

Rhea-AI Filing Summary

ESTABLISHMENT LABS HOLDINGS INC. director Edward J. Schutter exercised a stock option to acquire additional equity in the company. He exercised options covering 36,780 common shares at an exercise price of $4.11 per share via a cash exercise. Following the transaction, he directly owns 175,382 common shares, and the exercised option position has been fully converted into stock. The option had a multi-year vesting schedule, with half the shares vesting in 2016 and the remainder vesting in equal annual installments thereafter.

Insider Trade Summary

36,780 shares exercised/converted

Exercise 2 txns

Insider SCHUTTER EDWARD J

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to buy)	36,780	$0.00	$0.00
Exercise	Common Shares	36,780	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to buy) — 0 contracts (Direct); Common Shares — 175,382 shares (Direct)

Footnotes (2)

1. F1. The reported shares were acquired upon the cash exercise of a stock option at an exercise price of $4.11 per share.
2. F2. One half of the shares subject to the option vested on October 1, 2016 and one sixth of the shares subject to the option vested on each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

Key Figures

Options exercised: 36,780 shares Exercise price: $4.11 per share Shares owned after transaction: 175,382 shares +1 more

4 metrics

Options exercised 36,780 shares Stock option converted into common shares

Exercise price $4.11 per share Cash exercise of stock option

Shares owned after transaction 175,382 shares Direct common share holdings post-exercise

Option expiration date 2026-08-31 Original expiration date of exercised option

Key Terms

Stock Option (Right to buy), cash exercise, vesting, Common Shares

4 terms

Stock Option (Right to buy) financial

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

cash exercise financial

"reported shares were acquired upon the cash exercise of a stock option"

vesting financial

"shares subject to the option vested on October 1, 2016 and one sixth vested on each one-year anniversary"

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.

Common Shares financial

"underlying_security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

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

What did ESTA director Edward J. Schutter do in this Form 4 filing?

Edward J. Schutter exercised a stock option to acquire 36,780 ESTABLISHMENT LABS common shares. The option was exercised for cash at $4.11 per share, converting a derivative award into directly held stock and increasing his direct equity stake.

How many ESTABLISHMENT LABS (ESTA) shares does Edward J. Schutter now hold?

After the reported transaction, Edward J. Schutter directly holds 175,382 ESTABLISHMENT LABS common shares. This reflects the addition of 36,780 shares obtained through the stock option exercise and indicates his current direct equity position reported in the filing.

What was the exercise price of the ESTA stock option used by Edward J. Schutter?

The stock option exercised by Edward J. Schutter had an exercise price of $4.11 per common share. He used a cash exercise to convert 36,780 option rights into the same number of ESTABLISHMENT LABS common shares at that fixed price.

Did Edward J. Schutter sell any ESTABLISHMENT LABS (ESTA) shares in this Form 4?

No, the Form 4 shows only an option exercise and share acquisition, not any sales. Schutter converted 36,780 option rights into common shares and retained the shares, increasing his direct ownership in ESTABLISHMENT LABS without reporting dispositions.

How did the ESTA stock option held by Edward J. Schutter vest over time?

The option vested in stages: half of the underlying shares vested on October 1, 2016. The remaining portion vested in one-sixth increments on each subsequent one-year anniversary, conditioned on Schutter continuing as a service provider through each vesting date.

What happened to Edward J. Schutter’s derivative position after the ESTA option exercise?

The exercised stock option for 36,780 shares was fully converted into common shares, leaving no remaining position in that option. The derivative summary is empty, indicating this specific option grant has been fully exercised and no longer remains outstanding.

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

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Accepted by SEC EDGAR 04/02/2026 - 06:24 PM 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^*

SCHUTTER EDWARD J

(Last) (First) (Middle)

C/O MOTIVA USA LLC

16192 COASTAL HIGHWAY

(Street)

LEWES DELAWARE 19958

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ESTABLISHMENT LABS HOLDINGS INC. [ ESTA ]

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)
04/02/2026

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
Common Shares	04/02/2026		M		36,780	A	(1)	175,382	D

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 Option (Right to buy)	$4.11	04/02/2026		M			36,780	(2)	08/31/2026	Common Shares	36,780	$0	0	D

Explanation of Responses:

1. The reported shares were acquired upon the cash exercise of a stock option at an exercise price of $4.11 per share.

2. One half of the shares subject to the option vested on October 1, 2016 and one sixth of the shares subject to the option vested on each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

Remarks:

	/s/ Cassandra "Sandra" Harris	04/02/2026
	** 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)