Form 4: ESTA Director Gifts 50,000 Shares

ESTABLISHMENT LABS HOLDINGS INC. Director Juan Jose Chacon Quiros reported a gift of 50,000 common shares to an entity controlled by his brother.

Summary

• Juan Jose Chacon Quiros, a Director of ESTABLISHMENT LABS HOLDINGS INC. (ESTA), reported a change in beneficial ownership.
• The transaction involved a bona fide gift of 50,000 common shares on December 17, 2025.
• The shares were gifted to Chrysalis Enterprises LLC, an entity controlled by Manuel Enrique Chacon Quiros, the reporting person's brother.
• The reporting person expressly disclaims beneficial ownership of the shares held by Chrysalis Enterprises LLC.
• Following the transaction, Juan Jose Chacon Quiros directly owns 214,148 common shares.
• Additionally, 1,078,264 common shares are indirectly held by Sariel Group Ltd., an entity in which the reporting person is a shareholder with voting and dispositive power, though he disclaims beneficial ownership except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a routine insider transaction disclosure (Form 4) reporting a gift of shares. It does not contain information that would significantly alter the company's financial outlook or operational performance, thus maintaining a neutral sentiment.

Positives

• The transaction is a gift of shares, not a sale, which can be viewed as a neutral or slightly positive action by an insider, rather than a divestment.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis. It reflects a change in personal holdings of a director rather than a strategic corporate move.

Related Party Transactions

• Juan Jose Chacon Quiros, a Director, gifted 50,000 common shares to Chrysalis Enterprises LLC, an entity controlled by his brother, Manuel Enrique Chacon Quiros. This constitutes a transaction between related parties.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine disclosure of a director's share gift, not a sale or a significant change in company fundamentals. The director disclaims beneficial ownership of the gifted shares, and also disclaims beneficial ownership of shares held by Sariel Group Ltd. except to the extent of his pecuniary interest.

Key Dates

Keywords

ESTABLISHMENT LABS HOLDINGS INC., ESTA, Form 4, Insider Transaction, Beneficial Ownership, Director, Share Gift, Juan Jose Chacon Quiros