SCHEDULE 13G/A: Avner Hagai Reduces Stake in Brainsway Ltd. Below 5% Threshold
Schedule 13G Amendment
Avner Hagai has filed an amended Schedule 13G, disclosing a reduction in his beneficial ownership of Brainsway Ltd. ordinary shares to 4.71% following recent sales.
Summary
- Avner Hagai, an Israeli citizen, has filed an Amendment No. 1 to Schedule 13G regarding his beneficial ownership in Brainsway Ltd.
- The filing indicates that Avner Hagai now beneficially owns 1,772,351 ordinary shares of Brainsway Ltd., representing 4.71% of the company's outstanding shares.
- This ownership percentage is based on 37,632,302 ordinary shares outstanding as of January 26, 2025, as reported by the company.
- The reduction in ownership below the 5% threshold is attributed to sales of shares that occurred between November 20, 2024, and December 10, 2024.
- Avner Hagai retains sole voting and sole dispositive power over all 1,772,351 beneficially owned shares.
- The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Brainsway Ltd.
Sentiment
Score: 3
Explanation: The reduction in a significant individual's stake below the 5% threshold is generally viewed negatively by the market, indicating a potential lack of confidence or a shift in investment strategy by the shareholder.
Negatives
- A significant individual shareholder, Avner Hagai, has reduced his beneficial ownership in Brainsway Ltd. from above 5% to 4.71%, indicating a decreased stake in the company.
Stakeholder Impact
- Shareholders may interpret the reduction in a significant individual's stake as a negative signal, potentially leading to decreased investor confidence or downward pressure on the stock price.
Key Dates
| Date | Description |
|---|---|
| November 20, 2024 | Start date of the period during which shares were sold by Avner Hagai. |
| December 10, 2024 | End date of the period during which shares were sold by Avner Hagai. |
| January 26, 2025 | Date as of which Brainsway Ltd. reported 37,632,302 Ordinary Shares outstanding, used for percentage calculation. |
| January 28, 2025 | Date of the event which required the filing of this Schedule 13G Amendment No. 1. |
Recommendation
sellKeywords
Brainsway Ltd., Avner Hagai, Schedule 13G, SEC filing, beneficial ownership, shareholding, ordinary shares, stake reduction
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