SCHEDULE: Eltek Insider Boosts Stake to 58% Amid Share Acquisitions

Yitzhak Nissan and Nistec Golan Ltd. have increased their beneficial ownership in Eltek Ltd. to 58.01% through recent share purchases, signaling continued investment confidence.

Summary

• Nistec Golan Ltd. and Yitzhak Nissan, who controls Nistec Golan, have increased their beneficial ownership in Eltek Ltd.
• As of December 4, 2025, Nistec Golan beneficially owns 3,730,802 Ordinary Shares, representing 55.55% of the outstanding shares.
• Yitzhak Nissan, individually and through Nistec Golan, beneficially owns an aggregate of 3,896,025 Ordinary Shares, representing 58.01% of the outstanding shares.
• The shares outstanding for calculation are 6,715,624 Ordinary Shares as of September 30, 2025.
• Recent acquisitions by Nistec Golan include 361,000 shares on December 4, 2025, at $9.59 per share, 1,100 shares on November 24, 2025, at $7.93 per share, and 200 shares on November 21, 2025, at $8.00 per share.
• The acquisitions were made for investment purposes, with reporting persons reserving the right to adjust their holdings based on market conditions and company performance.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by a controlling shareholder and Chairman, coupled with recent share acquisitions at varying prices, indicates strong insider confidence and a positive outlook on the company's value and future prospects.

Positives

• Significant increase in insider ownership by Yitzhak Nissan and Nistec Golan Ltd., indicating strong confidence in Eltek Ltd.'s future prospects.
• Recent share acquisitions by Nistec Golan at prices up to $9.59 per share suggest a belief in the company's value.
• The reporting persons' stated intention to monitor the investment regularly and potentially acquire more shares signals ongoing commitment.

Risks

• The reporting persons' investment strategy is subject to changes in market prices of the shares, changes in the Issuer's operations, business strategy or prospects, or from the sale or merger of the Issuer.
• Their investment purpose may be materially affected by factors such as the Issuer's business, assets, operations, financial condition, prospects, business development, management, competitive and strategic matters, capital structure, prevailing market conditions, alternative investment opportunities, and liquidity requirements.

Future Outlook

The reporting persons intend to regularly review their investment in Eltek Ltd., monitoring various factors including market prices, company operations, financial condition, and strategic matters. They reserve the right to adjust their holdings, including acquiring additional shares or disposing of existing ones, to maximize the value of their investment.

Management Comments

• The Reporting Persons intend to review the investment in the Issuer on a regular basis.
• The Reporting Persons reserve the right to, without limitation, purchase, hold, vote, trade, dispose of or otherwise deal in the ordinary shares of the Issuer... to benefit from, among other things, changes in market prices of the Shares or changes in the Issuer's operations, business strategy or prospects, or from the sale or merger of the Issuer.
• Such factors may materially affect the Reporting Persons investment purpose and may result in modifying their ownership of the Shares.

Industry Context

This filing reflects a significant increase in insider ownership, a common occurrence when key executives or controlling entities express strong conviction in a company's long-term value or strategic direction. While specific industry trends are not detailed, such a move by a Chairman and controlling shareholder often signals a belief that the company is undervalued or poised for growth within its sector.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively, signaling confidence and potentially reducing perceived agency costs. It could also imply less liquidity for the public float.
• Management/Employees: A stable and committed controlling shareholder can provide strategic direction and stability.

Next Steps

• The reporting persons will routinely monitor the price per share, the Issuer's business, assets, operations, financial condition, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions.
• The reporting persons may revise their plans or intentions and/or formulate other plans regarding their investment.
• The reporting persons may acquire additional ordinary shares or dispose of some or all of the shares beneficially owned.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Yitzhak Nissan, who serves as both Chairman of Eltek Ltd. and controls Nistec Golan Ltd., signals strong insider confidence. The recent acquisitions of shares at prices up to $9.59 per share suggest a belief that the company's stock is undervalued or has significant upside potential. Such a move by a controlling shareholder is typically a bullish indicator for investors, suggesting a favorable outlook on the company's future performance and strategic direction.

Keywords

Eltek Ltd, Nistec Golan, Yitzhak Nissan, Schedule 13D, Insider Ownership, Share Acquisition, Beneficial Ownership, Investment, Corporate Governance, SEC Filing