SCHEDULE: Host-Plus Boosts EBR Systems Stake to 10.6%

Host-Plus Pty Ltd, as trustee for the HOSTPLUS Pooled Superannuation Trust, has increased its beneficial ownership in EBR Systems, Inc. to 10.6% following a retail entitlement offer.

Summary

• Host-Plus Pty Ltd, acting as trustee for the HOSTPLUS Pooled Superannuation Trust, has filed an amendment to its Schedule 13G, reporting an increased beneficial ownership in EBR Systems, Inc.
• The filing indicates that as of June 29, 2026, Host-Plus beneficially owns 8,056,095 shares of common stock, representing 10.6% of the class.
• This increase is attributed to the acquisition of 25,630,390 CDIs (Convertible Debt Instruments) pursuant to the issuer's retail entitlement offer, which closed on June 29, 2026.
• The reporting person has updated its filing status to 'Passive Investor' under Rule 13d-1(c).
• The shares reported include common stock underlying CDIs and shares issuable upon exercise of certain warrants held across various trusts managed by Host-Plus.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it indicates increased investment from a significant institutional holder, but provides no direct insight into the company's operational performance.

Positives

• Host-Plus has increased its investment in EBR Systems, Inc., indicating continued confidence in the company.
• The acquisition of shares through a retail entitlement offer suggests the company is successfully engaging its existing investor base.
• The filing confirms Host-Plus's status as a 'Passive Investor', which typically implies a focus on investment returns rather than active control.

Negatives

• The filing does not contain any explicit negative financial results or operational challenges for EBR Systems, Inc. itself, but rather reports on an investor's increased stake.

Risks

• The filing does not explicitly detail risks related to EBR Systems, Inc.'s operations or financial performance. The primary risk associated with this filing is related to the investment itself, such as market volatility affecting the value of the shares held by Host-Plus.

Future Outlook

The filing does not provide forward-looking statements or guidance from EBR Systems, Inc. It solely reports on the ownership changes by Host-Plus.

Industry Context

StockSavvy.ai notes that this filing reflects a significant increase in passive institutional ownership for EBR Systems, Inc. Such filings often precede or follow corporate actions, and a 10.6% stake by a large superannuation fund like HOSTPLUS can signal growing investor interest or a rebalancing of portfolios within the technology or specialized manufacturing sectors where EBR Systems operates.

Stakeholder Impact

• Shareholders: The increased stake by a large institutional investor may be viewed positively, potentially indicating confidence in the company's future prospects. However, the filing itself does not directly impact share price without further context on the company's performance.
• Creditors: No direct impact is indicated.
• Employees: No direct impact is indicated.
• Suppliers: No direct impact is indicated.
• Customers: No direct impact is indicated.

Next Steps

• Host-Plus will continue to monitor its investment in EBR Systems, Inc.
• EBR Systems, Inc. may continue to engage with its investor base through future capital raises or corporate updates.

Key Dates

Keywords

EBR Systems, Inc., Schedule 13G, Host-Plus Pty Ltd, HOSTPLUS Pooled Superannuation Trust, Beneficial Ownership, CDIs, Warrants, Retail Entitlement Offer, Passive Investor, SEC Filing, Australia