JW Asset Management, LLC - Dec 4, 2024 Form 4 Insider Report for ESTABLISHMENT LABS HOLDINGS INC. (ESTA)

Role: 10%+ Owner
Signature: /s/ Jason Klarreich, Attorney-in-Fact, JW Asset Management, LLC
Stock symbol: ESTA
Transactions as of: Dec 4, 2024
Transactions value $: -$4,515,000
Form type: 4
Date filed: 12/6/2024, 04:05 PM
Previous filing: Sep 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTA	Common Shares	Sale	-$4.52M	-100K	-3.13%	$45.15	3.09M	Dec 4, 2024	See Footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is being filed by JW Asset Management, LLC (the "Advisor") on behalf of itself and JW Partners, LP ("JWP"), JW Opportunities Fund, LLC ("JWO"), JW GP, LLC (the "General Partner"), and Jason G. Wild ("Wild" and, together with the Advisor, JWP, JWO, and the General Partner, the "Reporting Persons"). The Advisor serves as the investment advisor of JWP and JWO. The General Partner serves as general partner to JWP and the manager of JWO. Wild is the managing member of the Advisor and the General Partner. On December 2, 2024, in connection with the rationalization of the Reporting Person's private fund structure, JW Opportunities Master Fund, Ltd., which is being wound down and liquidated, retitled all of its Common Shares in the name of its onshore feeder fund, JWO.
F2	The amount of 100,000 in Table I reflects the 74,591 Common Shares sold by JWP and the 25,409 Common Shares sold by JWO, in the open market transaction requiring the filing of this statement. In accordance with Instruction 4(b)(iv) of Form 4, the entire amount of the Issuer's securities held by the Reporting Persons is reported herein. Each of the Advisor, Wild and the General Partner, disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of its or his indirect pecuniary interest therein, and this report shall not be deemed an admission that either the Advisor, Wild or the General Partner are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.

Content

This Form 4 is being filed by JW Asset Management, LLC (the "Advisor") on behalf of itself and JW Partners, LP ("JWP"), JW Opportunities Fund, LLC ("JWO"), JW GP, LLC (the "General Partner"), and Jason G. Wild ("Wild" and, together with the Advisor, JWP, JWO, and the General Partner, the "Reporting Persons"). The Advisor serves as the investment advisor of JWP and JWO. The General Partner serves as general partner to JWP and the manager of JWO. Wild is the managing member of the Advisor and the General Partner. On December 2, 2024, in connection with the rationalization of the Reporting Person's private fund structure, JW Opportunities Master Fund, Ltd., which is being wound down and liquidated, retitled all of its Common Shares in the name of its onshore feeder fund, JWO.

The amount of 100,000 in Table I reflects the 74,591 Common Shares sold by JWP and the 25,409 Common Shares sold by JWO, in the open market transaction requiring the filing of this statement. In accordance with Instruction 4(b)(iv) of Form 4, the entire amount of the Issuer's securities held by the Reporting Persons is reported herein. Each of the Advisor, Wild and the General Partner, disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of its or his indirect pecuniary interest therein, and this report shall not be deemed an admission that either the Advisor, Wild or the General Partner are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.