Quiros Juan Jose Chacon - Jul 8, 2024 Form 4 Insider Report for ESTABLISHMENT LABS HOLDINGS INC. (ESTA)

Role
Chief Executive Officer, Director
Signature
/s/ Rajbir S. Denhoy, Chief Financial Officer, by power of attorney
Stock symbol
ESTA
Transactions as of
Jul 8, 2024
Transactions value $
-$203,442
Form type
4
Date filed
7/10/2024, 05:33 PM
Previous filing
Jul 3, 2024
Next filing
Jul 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTA Common Shares Sale -$174K -3.87K -1.77% $45.01 215K Jul 8, 2024 Direct F1, F2
transaction ESTA Common Shares Sale -$29.4K -654 -0.3% $45.00 214K Jul 9, 2024 Direct F1, F3
holding ESTA Common Shares 1.13M Jul 8, 2024 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 This transaction was executed in multiple trades at prices ranging from $45.00 to $45.27 per share. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 This transaction was executed in multiple trades at prices ranging from $45.00 to $45.05 per share. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 The shares are held by Sariel LLC. The Reporting Person is a shareholder of Sariel LLC and has voting and dispositive power over the shares owned by Sariel LLC. The Reporting Person disclaims beneficial ownership of the shares held by Sariel LLC, except to the extent of his pecuniary interest therein.