Form 4: ESTA Director Acquires Shares via Compensation

Establishment Labs Holdings Director Bryan Slotkin acquired 396 common shares at $40.99 each, increasing his direct beneficial ownership to 29,748 shares.

Summary

• Bryan Slotkin, a Director of Establishment Labs Holdings Inc. (ESTA), acquired 396 common shares.
• The transaction occurred on September 30, 2025.
• The shares were acquired at a price of $40.99 per share.
• This acquisition was in lieu of a quarterly cash retainer payment, as per his prior election under the Issuer's Outside Director Compensation Policy.
• The common shares were issued pursuant to the Issuer's 2018 Equity Incentive Plan.
• The share price was determined based on the closing price of the Issuer's common shares on the last trading day of the quarter.
• Following this transaction, Bryan Slotkin directly beneficially owns 29,748 common shares.

Sentiment

Score: 7

Explanation: The sentiment is positive because a director chose to receive equity over cash for compensation, indicating confidence in the company's future and aligning their interests with shareholders. While it's a compensation event, the choice itself is a positive signal.

Positives

• A Director choosing to receive equity instead of cash for compensation demonstrates confidence in the company's future performance and aligns their interests with shareholders.
• The increase in direct beneficial ownership by a Director signals a stronger commitment to the company's long-term success.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the details of the reported transaction.

Management Comments

• The common shares were elected to be received in lieu of a quarterly cash retainer payment in accordance with the Reporting Person's prior election under the Issuer's Outside Director Compensation Policy.
• The common shares were issued pursuant to the Issuer's 2018 Equity Incentive Plan and determined based on the closing price of the Issuer's common shares on the last trading day of the quarter.

Industry Context

This insider transaction reflects a director's individual compensation choice and does not directly provide broader industry trend insights. However, it indicates continued engagement of key personnel within the company.

Related Party Transactions

• The acquisition of shares by Director Bryan Slotkin in lieu of cash compensation constitutes a related party transaction, as it involves a transaction between the company and one of its directors.

Stakeholder Impact

• Shareholders: May view the director's choice to take equity over cash as a positive signal of management confidence and alignment of interests, potentially boosting investor sentiment.
• Employees: No direct impact mentioned, but a stable and confident board can indirectly benefit employee morale and long-term company stability.

Key Dates

Recommendation

The decision by a Director to receive common shares in lieu of a cash retainer payment signals strong confidence in Establishment Labs Holdings Inc.'s future prospects and aligns the Director's financial interests directly with those of the shareholders. This insider acquisition, even if compensation-driven, suggests a belief in the company's long-term value creation, making it a positive indicator for potential investors.

Keywords

ESTA, Establishment Labs Holdings, Bryan Slotkin, Director, Insider Transaction, Form 4, Share Acquisition, Equity Compensation, Corporate Governance