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

Role
Director
Signature
/s/ Rajbir S. Denhoy, by power of attorney
Issuer symbol
ESTA
Transactions as of
28 May 2023
Net transactions value
$0
Form type
4
Filing time
31 May 2023, 16:19:12 UTC
Previous filing
26 May 2023
Next filing
01 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTA Common Shares Award $0 +27,756 +3.5% $0.000000 812,888 28 May 2023 Direct F1
holding ESTA Common Shares 8,790 28 May 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.