Nicholas Sheridan Lewin - May 28, 2023 Form 4 Insider Report for ESTABLISHMENT LABS HOLDINGS INC. (ESTA)

Role: Director
Signature: /s/ Rajbir S. Denhoy, by power of attorney
Stock symbol: ESTA
Transactions as of: May 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/31/2023, 04:19 PM
Previous filing: May 26, 2023
Next filing: Aug 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTA	Common Shares	Award	$0	+27.8K	+3.54%	$0.00	813K	May 28, 2023	Direct	F1
holding	ESTA	Common Shares						8.79K	May 28, 2023	See Footnote	F2

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

Explanation of Responses:

Id	Content
F1	Represents an award of stock units under the Issuer's 2018 Equity Incentive Plan. One-third of the shares subject to the award shall vest on May 24, 2024 and each 1-year anniversary thereafter, subject to the Reporting Person continuing as Chairman of the Board through such date, and will be payable subject to meeting specified stock price hurdles, as follows: (i) 100% of the time-based vested shares subject to the award will be payable if the closing price of a common share of the Company equals 150% of the grant date closing price, and (ii) 200% of the time-based vested shares subject to the award will be payable if the closing price of a common share of the Company equals or exceeds 200% of the grant date closing price, in each case for 20 consecutive trading days at any time during a 5-year performance period ending May 24, 2028. The payout percentage between these levels will be determined by linear interpolation.
F2	The shares are held by the Reporting Person's spouse.

Content

Represents an award of stock units under the Issuer's 2018 Equity Incentive Plan. One-third of the shares subject to the award shall vest on May 24, 2024 and each 1-year anniversary thereafter, subject to the Reporting Person continuing as Chairman of the Board through such date, and will be payable subject to meeting specified stock price hurdles, as follows: (i) 100% of the time-based vested shares subject to the award will be payable if the closing price of a common share of the Company equals 150% of the grant date closing price, and (ii) 200% of the time-based vested shares subject to the award will be payable if the closing price of a common share of the Company equals or exceeds 200% of the grant date closing price, in each case for 20 consecutive trading days at any time during a 5-year performance period ending May 24, 2028. The payout percentage between these levels will be determined by linear interpolation.

The shares are held by the Reporting Person's spouse.