SCHEDULE: Carnegie Entities Report Stake in EBR Systems

Several Carnegie-affiliated entities and Mark H. Carnegie have updated their beneficial ownership filings for EBR Systems, Inc., reporting a combined 6.3% stake as of June 30, 2026.

Summary

• This filing is an amendment to a Schedule 13G, reporting changes in beneficial ownership of EBR Systems, Inc. common stock.
• The reporting persons include M.H. Carnegie & Co Pty Ltd, Carnegie Healthcare Fund LP, Carnegie Innovation Fund No 2 LP, MHC Fund Services B Pty Ltd, MHC Fund Services 2A Pty Ltd, M Carnegie Pty Ltd, and Mark H. Carnegie.
• As of June 30, 2026, the aggregate beneficial ownership reported by these entities is 4,765,108 shares, representing 6.3% of the outstanding common stock.
• This ownership includes shares of common stock, shares underlying CHESS Depositary Interests (CDIs), and shares issuable upon exercise of warrants.
• The reporting persons have stated they do not form a 'group' for the purposes of Section 13 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting on beneficial ownership changes and not containing new operational or financial performance data.

Positives

• The filing clarifies the beneficial ownership structure and holdings of the Carnegie-affiliated entities.
• The reporting persons have a significant combined stake, indicating substantial investor interest.

Negatives

• The filing does not provide any new operational or financial performance data for EBR Systems, Inc.
• The reporting persons explicitly disclaim forming a 'group', which could imply a lack of coordinated action.

Risks

• The filing does not explicitly mention any new risks or challenges for EBR Systems, Inc.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it pertains to beneficial ownership reporting.

Management Comments

• The Reporting Persons expressly disclaim status as a 'group' for purposes of this Schedule 13G.
• The Reporting Persons expressly disclaim beneficial ownership of the securities held by MHCC, MHCFT and the Carnegie Funds for purposes of Section 13 of the Securities and Exchange Act of 1934, as amended.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for significant beneficial ownership changes and do not typically reflect operational performance. This filing indicates continued substantial investment in EBR Systems by the Carnegie entities.

Stakeholder Impact

• Shareholders may note the significant combined stake held by the Carnegie entities, which could influence future corporate actions or governance discussions.
• The explicit disclaimer of group status might be of interest to other investors regarding potential coordinated influence.

Next Steps

• Continued monitoring of beneficial ownership filings for EBR Systems, Inc.

Key Dates

Keywords

Beneficial Ownership, Schedule 13G, EBR Systems, Carnegie, Investment Funds, Common Stock, Warrants, CDIs