SCHEDULE 13G/A: Key Shareholders Michael and Klil Zisapel Disclose 1.77% Stake in Ceragon Networks
Beneficial Ownership Disclosure
Michael and Klil Zisapel have filed an amended Schedule 13G, revealing their beneficial ownership of 1.77% each in Ceragon Networks Ltd., totaling 1,510,281 ordinary shares.
Summary
- Michael Zisapel and Klil Zisapel each beneficially own 1,510,281 Ordinary Shares of Ceragon Networks Ltd.
- This beneficial ownership represents 1.77% of the company's outstanding Ordinary Shares.
- The percentage is calculated based on 85,640,591 Ordinary Shares issued and outstanding as of April 16, 2024, as reported in the Issuer's Form 6-K filed on April 18, 2024.
- Each reporting person has sole voting and dispositive power over 3,001,845 Ordinary Shares mutually held by the Reporting Persons in security bank accounts.
- Each also has shared voting and dispositive power over an aggregate of 18,717 Ordinary Shares held by RAD Data Communication LTD., an Israeli company, in which they each own a 12% interest.
- Their beneficial ownership includes 1,500,923 Ordinary Shares held directly by each, and 2,246 Ordinary Shares held indirectly through their 12% ownership in RAD.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or forward-looking statements.
Positives
- The filing indicates continued significant individual ownership by Michael and Klil Zisapel, which may be viewed as a sign of confidence by the reporting persons.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The filing discloses shared voting and dispositive power over 18,717 Ordinary Shares held by RAD Data Communication LTD., an Israeli company, in which both Michael and Klil Zisapel each own a 12% interest, leading to indirect beneficial ownership of 2,246 shares for each.
Stakeholder Impact
- Confirms continued significant individual ownership by Michael and Klil Zisapel, which may be viewed by shareholders as a sign of long-term commitment from key individuals.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of outstanding shares calculation (85,640,591 shares) |
| 04/18/2024 | Date Issuer's Form 6-K was filed, providing outstanding shares data |
| 02/14/2025 | Date of event which requires filing of this statement |
| 02/15/2025 | Signature date for Michael Zisapel and Klil Zisapel |
Keywords
Ceragon Networks, Schedule 13G, Beneficial Ownership, SEC Filing, Shareholder Disclosure, Michael Zisapel, Klil Zisapel, Ordinary Shares, RAD Data Communication
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