Brown Advisory Inc. Reduces Position in Establishment Labs Holdings Inc. to 5.38%

Brown Advisory Inc. filed a Schedule 13G/A on May 15, 2026, disclosing a 5.38% ownership stake in Establishment Labs Holdings Inc. (ESTA). As of the event date of December 31, 2025, the firm beneficially owned 1,578,119 common shares. This represents a decrease in holdings compared to the previous reporting period, where the filer held 2,166,982 shares. The filing was submitted as a joint statement by Brown Advisory Inc. (a parent holding company) and its subsidiaries: Brown Investment Advisory & Trust Co, Brown Advisory LLC, and Signature Financial Management, Inc. Specifically, Brown Advisory LLC holds the majority of the reported position with 1,568,983 shares (5.35%). The reporting entities confirmed that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. The total value of the current position is estimated at approximately $103.78 million based on the filing data.