SCHEDULE: Harel Insurance Reports Stake in Formula Systems

Harel Insurance Investments & Financial Services Ltd. has disclosed a 4.9% beneficial ownership in Formula Systems (1985) LTD's American Depositary Shares.

Summary

• Harel Insurance Investments & Financial Services Ltd. has filed a Schedule 13G, indicating a beneficial ownership of 4.9% in Formula Systems (1985) LTD.
• The total number of shares beneficially owned is 748,111.
• Of these, 741,299 shares are held for public members through various funds managed by Harel's subsidiaries.
• An additional 6,338 shares are held in third-party client accounts managed by a Harel subsidiary.
• Harel Insurance Investments & Financial Services Ltd. itself beneficially holds 474 shares for its own account.
• The filing clarifies that the reporting person does not admit beneficial ownership of more than 474 shares.
• The filing is an amendment (Amendment No. 8) to a previous Schedule 13G filing.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on existing beneficial ownership without new strategic information or significant changes in control.

Positives

• Harel Insurance Investments & Financial Services Ltd. maintains a significant, though passive, stake in Formula Systems (1985) LTD.
• The majority of shares are held on behalf of public members, indicating broad investment management rather than direct control.

Negatives

• The reporting person explicitly states they are not the beneficial owner of more than 474 shares, limiting their direct influence or control.
• The filing is an amendment, suggesting ongoing adjustments to reporting thresholds or holdings.

Risks

• The filing does not explicitly mention any risks or challenges faced by Formula Systems (1985) LTD.

Future Outlook

No specific forward-looking statements or guidance are provided in this Schedule 13G filing.

Management Comments

• "With regard to the date of event that requires filing, see the explanatory note in Item 4."
• "With regard to Rows (6), (8) and (9), please see Item 4."
• "Row (11) is based on 15,334,667 Ordinary Shares issued and outstanding as of June 1, 2026 (as reported by the Issuer in Exhibit 99.1 to its Report on Form 6-K filed with the Securities and Exchange Commission on June 15, 2026)."
• "Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of more than 474 Ordinary Shares covered by this Statement."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and financial services firms accumulating passive stakes in public companies. Harel Insurance's filing indicates a significant but non-controlling interest in Formula Systems, typical for asset management activities.

Comparison to Industry Standards

• No direct comparison to industry standards is provided within this filing.

Stakeholder Impact

• Shareholders: The filing provides transparency on a significant institutional investor's stake, which can influence market perception.
• Management: The passive nature of the holding suggests no immediate impact on corporate control or strategic direction.

Next Steps

• Continued monitoring of Harel Insurance's beneficial ownership in Formula Systems.

Key Dates

Keywords

Formula Systems, Harel Insurance, Schedule 13G, Beneficial Ownership, American Depositary Shares, Investment Management, Financial Services