MANCHESTER MANAGEMENT CO LLC - 11 Dec 2025 Form 4 Insider Report for SANUWAVE Health, Inc. (SNWV)

Signature
Manchester Management Company, LLC, By: /s/ James E. Besser, Managing Member
Issuer symbol
SNWV
Transactions as of
11 Dec 2025
Net transactions value
-$559,066
Form type
4
Filing time
15 Dec 2025, 17:22:59 UTC
Previous filing
11 Dec 2025

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
MANCHESTER MANAGEMENT CO LLC Director by Deputization 2 CALLE CANDINA, #1701, SAN JUAN, PUERTO RICO Manchester Management Company, LLC, By: /s/ James E. Besser, Managing Member 15 Dec 2025 0001169253
Manchester Explorer, L.P. Director by Deputization 2 CALLE CANDINA, #1701, SAN JUAN, PUERTO RICO Manchester Explorer, L.P., By: /s/ James E. Besser, Managing Member of the General Partner 15 Dec 2025 0001411524
FRANK MORGAN C. Director by Deputization, 10%+ Owner 2 CALLE CANDINA, #1701, SAN JUAN, PUERTO RICO Morgan C. Frank, By: /s/ Morgan C. Frank 15 Dec 2025 0001593072
BESSER JAMES E Director by Deputization 2 CALLE CANDINA, #1701, SAN JUAN, PUERTO RICO James E. Besser, By: /s/ James E. Besser 15 Dec 2025 0001512127
MANCHESTER MANAGEMENT PR, LLC Director by Deputization 2 CALLE CANDINA, #1701, SAN JUAN, PUERTO RICO Manchester Management PR, LLC, By: /s/ James E. Besser, Managing Member 15 Dec 2025 0001735534

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNWV Common Stock, par value $0.001 Sale $422,277 -13,500 -16% $31.28 70,499 11 Dec 2025 See Footnote F1, F2
transaction SNWV Common Stock, par value $0.001 Sale $136,789 -6,500 -9.2% $21.04 63,999 12 Dec 2025 See Footnote F1, F3
holding SNWV Common Stock, par value $0.001 2,000 11 Dec 2025 Direct F4
holding SNWV Common Stock, par value $0.001 863,980 11 Dec 2025 See Footnote F5
holding SNWV Common Stock, par value $0.001 52,653 11 Dec 2025 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities are owned directly by JEB Partners, L.P. ("JEB Partners") and may be deemed to be indirectly beneficially owned by (i) Manchester Management Company, LLC ("Manchester Management"), the general partner of Manchester Explorer, L.P. ("Explorer"), (ii) Manchester Management PR, LLC ("Manchester PR"), the investment adviser to Manchester Management, and (iii) James E. Besser, the managing member of Manchester Management and Manchester PR. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $31.05 to $31.525. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $30.765 to $31.60. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The reported securities are directly owned by James E. Besser in his personal capacity.
F5 The reported securities are owned directly by Explorer and may be deemed to be indirectly beneficially owned by (i) Manchester Management, the general partner of Explorer, (ii) Manchester PR, the investment adviser to Manchester Management, (iii) James E. Besser, the managing member of Manchester Management and Manchester PR, and (iv) Morgan Frank, who serves as a portfolio manager and as a consultant for Explorer. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F6 The reported securities and warrants are directly owned by Morgan C. Frank in his personal capacity.