Form 4: AtriCure CEO Carrel Gifts 6,000 Shares

AtriCure's President and CEO, Michael H. Carrel, reported a charitable gift of 6,000 shares of common stock on November 13, 2025.

Summary

• Michael H. Carrel, President, CEO, and Director of AtriCure, Inc. (ATRC), reported a disposition of common stock.
• On November 13, 2025, Mr. Carrel gifted 6,000 shares of AtriCure Common Stock.
• No consideration was received for this transaction, indicating a charitable gift.
• Following the transaction, Mr. Carrel directly beneficially owns 691,377 shares of Common Stock.
• He also indirectly beneficially owns 9,310 shares held by his children and 2,250 shares held by his parents, though he disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: A neutral event. While it's a disposition of shares by an insider, it's a charitable gift, not a sale for personal gain, which mitigates negative sentiment. The amount is also relatively small compared to total holdings.

Positives

• The transaction represents a charitable gift, which can be viewed positively from a corporate social responsibility perspective.

Negatives

• The transaction reduces the direct beneficial ownership of common stock by a key executive, Michael H. Carrel, by 6,000 shares.

Future Outlook

NA

Management Comments

• No consideration was received in connection with this charitable gift.
• The reporting person disclaims beneficial ownership of these securities [held by children and parents], except as to his pecuniary interest therein.

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership of 9,310 shares held by the reporting person's children.
• Indirect beneficial ownership of 2,250 shares held by the reporting person's parents.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the nature of the transaction (charitable gift) suggests no immediate negative implications for company performance or management confidence.

Key Dates

Keywords

AtriCure, ATRC, Michael H. Carrel, insider transaction, Form 4, common stock, charitable gift, CEO, director, stock disposition