Vault-13

EDAP TMS S A FOCL

SPONSORED ADR · ADR · CUSIP 268311107 · ISIN US2683111072

37 institutional holders +1 vs Q1 2026
15,565,86115.6m shares reported held*
$79.5mreported value*
6 new 9 added 5 reduced 5 sold out net bought ≈ $4.0m (+1.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $5.11. Options: 5 managers hold calls ($4.6m notional), 5 hold puts ($921.0k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 36Q4 22: 54Q1 23: 54Q2 23: 54Q3 23: 44Q4 23: 36Q1 24: 39Q2 24: 36Q3 24: 35Q4 24: 37Q1 25: 35Q2 25: 37Q3 25: 34Q4 25: 33Q1 26: 36Q2 26: 3737Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202236
Q4 202254
Q1 202354
Q2 202354
Q3 202344
Q4 202336
Q1 202439
Q2 202436
Q3 202435
Q4 202437
Q1 202535
Q2 202537
Q3 202534
Q4 202533
Q1 202636
Q2 202637

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 24: 13 bought or addedQ3 24: 13 cut or sold outQ4 24: 11 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 13 cut or sold outQ2 25: 8 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 4 bought or addedQ3 25: 12 cut or sold outQ4 25: 4 bought or addedQ4 25: 14 cut or sold outQ4 25Q1 26: 11 bought or addedQ1 26: 8 cut or sold outQ2 26: 15 bought or addedQ2 26: 10 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241313
Q4 20241117
Q1 20251013
Q2 2025810
Q3 2025412
Q4 2025414
Q1 2026118
Q2 20261510

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ3 25 calls: $303.3kQ3 25 puts: $70.7kQ3 25P/C 0.23Q4 25 calls: $560.6kQ4 25 puts: $987Q4 25P/C 0.00Q1 26 calls: $892.8kQ1 26 puts: $631.3kQ1 26P/C 0.71Q2 26 calls: $4.6mQ2 26 puts: $921.0kQ2 26P/C 0.20
Numbers
QuarterCallsPutsP/C
Q3 2025$303.3k$70.7k0.23
Q4 2025$560.6k$9870.00
Q1 2026$892.8k$631.3k0.71
Q2 2026$4.6m$921.0k0.20

Biggest buyers

FLAX POND CAPITAL, LLC Added +742,230+742.2k
ESSEX INVESTMENT MANAGEMENT CO LLC New +146,005+146.0k
CITADEL ADVISORS LLC New +66,183+66.2k
Legato Capital Management LLC New +48,269+48.3k
SEI INVESTMENTS CO New +23,485+23.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +22,194+22.2k
Mariner, LLC New +20,000+20.0k
Schonfeld Strategic Advisors LLC Added +15,869+15.9k
SmartHarvest Portfolios, LLC Added +13,813+13.8k
Rock Springs Capital Management LP Added +8,000+8.0k

Biggest sellers

UBS Group AG Reduced -51,235-51.2k
Summit Trail Advisors, LLC Reduced -20,000-20.0k
XTX Topco Ltd Sold out -13,952-14.0k
Lido Advisors, LLC Sold out -10,654-10.7k
MORGAN STANLEY Reduced -8,408-8.4k
BNP PARIBAS FINANCIAL MARKETS Reduced -4,500-4.5k
Kovack Advisors, Inc. Reduced -2,500-2.5k
EverSource Wealth Advisors, LLC Sold out -2,330-2.3k
CITIGROUP INC Sold out -1,669-1.7k
NewEdge Advisors, LLC Sold out -1,519-1.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.0m392.2k shares
JANE STREET GROUP, LLC Added $1.4m271.5k shares
CITADEL ADVISORS LLC Added $876.5k169.2k shares
IMC-Chicago, LLC Added $248.6k48.0k shares
GROUP ONE TRADING LLC Added $54.4k10.5k shares

Biggest puts

JANE STREET GROUP, LLC Added $371.9k71.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $293.2k56.6k shares
IMC-Chicago, LLC Added $133.6k25.8k shares
CITADEL ADVISORS LLC Added $107.2k20.7k shares
GROUP ONE TRADING LLC Unchanged $15.0k2.9k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
HIRSCHMAN ORIN 13G · institution new · filed 2026-10-19 7.6% new 3.5m 2026-10-19

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 8 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20261$42.2k0——
Q3 20268$408.5k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-08-14 WILLSEY LANCE Director Bought 50,000 $4.75 $237.5k50.0k shares +4%
2026-08-14 Rhodes Ryan Chief Executive Officer, director Bought 21,000 $4.75 $99.8k21.0k shares +4%
2026-08-14 LEVINE JOSHUA Director Bought 10,000 $4.75 $47.5k10.0k shares +29%
2026-08-14 Schulz Fran Director Bought 10,000 $4.75 $47.5k10.0k shares +196%
2026-08-14 Horn David R. Director Bought 10,000 $4.75 $47.5k10.0k shares new
2026-08-14 Annen Steven SVP, Marketing & Product Mgmt. Bought 5,000 $4.75 $23.8k5.0k shares +4%
2026-08-14 Shah Sanket General Counsel & Corp Sec Bought 5,000 $4.75 $23.8k5.0k shares +7%
2026-08-14 Mobeck Kenneth S. Chief Financial Officer Bought 5,000 $4.75 $23.8k5.0k shares +3%
2026-05-11 LEVINE JOSHUA Director Bought 10,000 $4.22 $42.2k10.0k shares +40%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Soleus Capital Management, L.P. 1.30% of their portfolio GREENWICH, CT 7,309,2547.3m $37.9m $37.9m 1.30% Unchanged
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,336,8723.3m $17.3m $17.3m 0.00% Reduced -8.4k -8,408
3 FLAX POND CAPITAL, LLC 2.50% of their portfolio MERION STATION, PA 1,525,6761.5m $6.8m $6.8m 2.50% Added +742.2k +742,230
4 Rock Springs Capital Management LP 0.35% of their portfolio Baltimore, MD 1,386,0001.4m $7.2m $7.2m 0.35% Added +8.0k +8,000
5 Bruce & Co., Inc. 0.61% of their portfolio CHICAGO, IL 438,652438.7k $2.3m $2.3m 0.61% Unchanged
6 Parkman Healthcare Partners LLC 0.08% of their portfolio STAMFORD, CT 154,832154.8k $802.0k $802.0k 0.08% Unchanged
7 ESSEX INVESTMENT MANAGEMENT CO LLC 0.10% of their portfolio BOSTON, MA 146,005146.0k $756.3k $756.3k 0.10% New
8 CAHILL FINANCIAL ADVISORS INC 0.07% of their portfolio EDINA, MN 134,960135.0k $699.1k $699.1k 0.07% Unchanged
9 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 122,500122.5k $634.5k $634.5k 0.00% Added +3.5k +3,500
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 118,395118.4k $613.3k $613.3k 0.00% Reduced -51.2k -51,235
11 Sage Mountain Advisors LLC 0.03% of their portfolio ATLANTA, GA 100,000100.0k $518.0k $518.0k 0.03% Unchanged
12 Leonteq Securities AG 0.03% of their portfolio ZURICH, V8 94,99095.0k $492.0k $492.0k 0.03% Unchanged
13 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 82,33982.3k $426.5k $426.5k 0.01% Reduced -20.0k -20,000
14 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 74,01274.0k $383.4k $383.4k 0.00% Unchanged
15 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 69,16069.2k $358.2k $358.2k 0.00% Unchanged
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 66,18366.2k $342.8k $342.8k 0.00% New
17 Legato Capital Management LLC 0.02% of their portfolio San Francisco, CA 48,26948.3k $250.0k $250.0k 0.02% New
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 42,70042.7k $221.2k $221.2k 0.00% Unchanged
19 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 41,73041.7k $216.2k $216.2k 0.00% Added +15.9k +15,869
20 Manatuck Hill Partners, LLC 0.05% of their portfolio WESTPORT, CT 27,59727.6k $143.0k $143.0k 0.05% Unchanged
21 INTREPID FAMILY OFFICE LLC 0.12% of their portfolio SARASOTA, FL 25,00025.0k $129.5k $129.5k 0.12% Unchanged
22 SmartHarvest Portfolios, LLC 0.04% of their portfolio SEATTLE, WA 23,93323.9k $124.0k $124.0k 0.04% Added +13.8k +13,813
23 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 23,48523.5k $121.7k $121.7k 0.00% New
24 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 22,76422.8k $117.9k $117.9k 0.00% Unchanged
25 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,19422.2k $115.0k $115.0k 0.00% New
26 Accredited Investors Inc. 0.00% of their portfolio EDINA, MN 21,43121.4k $111.0k $111.0k 0.00% Unchanged
27 Mariner, LLC 0.00% of their portfolio Overland Park, KS 20,00020.0k $103.6k $103.6k 0.00% New
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 18,60518.6k $96.4k $96.4k 0.00% Reduced -4.5k -4,500
29 Composition Wealth, LLC 0.00% of their portfolio LOS ANGELES, CA 13,50013.5k $69.9k $69.9k 0.00% Unchanged
30 Kovack Advisors, Inc. 0.00% of their portfolio FT. LAUDERDALE, FL 13,50013.5k $69.9k $69.9k 0.00% Reduced -2.5k -2,500
31 Simplicity Wealth,LLC 0.00% of their portfolio SUMMIT, NJ 12,26512.3k $63.5k $63.5k 0.00% Added +1.1k +1,140
32 Financial Planning Navigators CORP 0.02% of their portfolio MAPLE GROVE, MN 10,85210.9k $56.2k $56.2k 0.02% Added +780 +780
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9,4249.4k $48.8k $48.8k 0.00% Added +5.9k +5,924
34 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 4,4324.4k $23.0k $23.0k 0.00% Added +1.4k +1,390
35 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 3,8003.8k $19.7k $19.7k 0.00% Unchanged
36 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 500500 $2.6k $2.6k 0.00% Unchanged
37 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5050 $259 $259 0.00% Unchanged