A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 12 filings in this group are Form 4s for EDAP TMS S.A.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 12 insider filings shown, the breakdown is 8 open-market purchase and 4 compensation award. 8 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider Horn David R. (Director) bought 10,000 shares (~$47.5K)
Horn David R., listed as Director at EDAP TMS SA, reported an open-market purchase of 10,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$4.75 |
$47.5K |
Filing: Form 4 (Insider Transaction)
Insider: Horn David R. (Director)
Shares: 10,000
Est. Value: $47.5K
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider Schulz Fran (Director) bought 10,000 shares (~$47.5K)
Schulz Fran, listed as Director at EDAP TMS SA, reported an open-market purchase of 10,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$4.75 |
$47.5K |
Filing: Form 4 (Insider Transaction)
Insider: Schulz Fran (Director)
Shares: 10,000
Est. Value: $47.5K
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider LEVINE JOSHUA (Director) bought 10,000 shares (~$47.5K)
LEVINE JOSHUA, listed as Director at EDAP TMS SA, reported an open-market purchase of 10,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
10,000 |
$4.75 |
$47.5K |
Filing: Form 4 (Insider Transaction)
Insider: LEVINE JOSHUA (Director)
Shares: 10,000
Est. Value: $47.5K
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider Mobeck Kenneth S. (Chief Financial Officer) bought 5,000 shares (~$23.8K)
Mobeck Kenneth S., listed as Chief Financial Officer at EDAP TMS SA, reported an open-market purchase of 5,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
5,000 |
$4.75 |
$23.8K |
Filing: Form 4 (Insider Transaction)
Insider: Mobeck Kenneth S. (Chief Financial Officer)
Shares: 5,000
Est. Value: $23.8K
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider WILLSEY LANCE (Director) bought 50,000 shares (~$237.5K)
WILLSEY LANCE, listed as Director at EDAP TMS SA, reported an open-market purchase of 50,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
50,000 |
$4.75 |
$237.5K |
Filing: Form 4 (Insider Transaction)
Insider: WILLSEY LANCE (Director)
Shares: 50,000
Est. Value: $237.5K
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider Rhodes Ryan (Director, Chief Executive Officer) bought 21,000 shares (~$99.8K)
Rhodes Ryan, listed as Director, Chief Executive Officer at EDAP TMS SA, reported an open-market purchase of 21,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
21,000 |
$4.75 |
$99.8K |
Filing: Form 4 (Insider Transaction)
Insider: Rhodes Ryan (Director, Chief Executive Officer)
Shares: 21,000
Est. Value: $99.8K
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider Shah Sanket (General Counsel & Corp Sec) bought 5,000 shares (~$23.8K)
Shah Sanket, listed as General Counsel & Corp Sec at EDAP TMS SA, reported an open-market purchase of 5,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
5,000 |
$4.75 |
$23.8K |
Filing: Form 4 (Insider Transaction)
Insider: Shah Sanket (General Counsel & Corp Sec)
Shares: 5,000
Est. Value: $23.8K
Form 4
Open-market purchase
Insider Buying
2026-08-17
FOCL insider Annen Steven (SVP, Marketing & Product Mgmt.) bought 5,000 shares (~$23.8K)
Annen Steven, listed as SVP, Marketing & Product Mgmt. at EDAP TMS SA, reported an open-market purchase of 5,000 FOCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
5,000 |
$4.75 |
$23.8K |
Filing: Form 4 (Insider Transaction)
Insider: Annen Steven (SVP, Marketing & Product Mgmt.)
Shares: 5,000
Est. Value: $23.8K
Form 4
Compensation award
Tax / Compensation Filing
2026-05-13
FOCL insider Form 4 filed for equity award, exercise, or tax withholding
Annen Steven (SVP, Marketing & Product Mgmt.) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
90,000 |
— |
— |
A |
Compensation award
derivative · Stock Options
|
100,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Annen Steven (SVP, Marketing & Product Mgmt.)
Shares: 90,000
Form 4
Compensation award
Tax / Compensation Filing
2026-05-13
FOCL insider Form 4 filed for equity award, exercise, or tax withholding
Shah Sanket (Gen Counsel & Corp Secretary) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
67,500 |
— |
— |
A |
Compensation award
derivative · Stock Options
|
75,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Shah Sanket (Gen Counsel & Corp Secretary)
Shares: 67,500
Form 4
Compensation award
Tax / Compensation Filing
2026-05-13
FOCL insider Form 4 filed for equity award, exercise, or tax withholding
Rhodes Ryan (Director, Chief Executive Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
304,500 |
— |
— |
A |
Compensation award
derivative · Stock Options
|
390,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Rhodes Ryan (Director, Chief Executive Officer)
Shares: 304,500
Form 4
Compensation award
Tax / Compensation Filing
2026-05-13
FOCL insider Form 4 filed for equity award, exercise, or tax withholding
WILLSEY LANCE (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Options
|
114,285 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: WILLSEY LANCE (Director)