SCHEDULE: Nantahala Capital Discloses 9.99% Stake in InspireMD

Nantahala Capital Management, LLC and its principals have reported a 9.99% beneficial ownership stake in InspireMD, Inc. as of March 31, 2026.

Summary

• Nantahala Capital Management, LLC, along with principals Wilmot B. Harkey and Daniel Mack, filed a Schedule 13G reporting beneficial ownership of 4,819,647 shares of InspireMD, Inc. common stock.
• The reported stake represents 9.99% of the company's outstanding common stock.
• The holdings include 1,443,163 shares that are issuable upon the exercise of convertible securities within 60 days.
• The reporting persons maintain shared voting and dispositive power over the entire position.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure indicating institutional support without signaling immediate strategic shifts or management changes.

Positives

• Institutional investment firm maintains a significant 9.99% equity position, signaling long-term interest in the issuer.
• The filing confirms the acquisition of shares in the ordinary course of business, suggesting a passive investment strategy.

Negatives

• The filing indicates that a portion of the holdings (1,443,163 shares) is dependent on the conversion of securities, which may introduce future dilution or volatility.

Risks

• The reporting persons hold a substantial block of shares, which could impact market liquidity if they decide to divest.
• The reliance on convertible securities for a portion of the ownership stake links the reporting person's position to the underlying terms and performance of those specific instruments.

Future Outlook

The reporting persons have certified that the securities were acquired in the ordinary course of business and are not held for the purpose of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings by investment firms like Nantahala Capital are standard disclosures for passive institutional investors and generally reflect confidence in the issuer's long-term prospects without seeking active management control.

Comparison to Industry Standards

• The 9.99% ownership threshold is a common ceiling for institutional investors to avoid triggering more stringent regulatory requirements associated with 'active' investor status (13D filings).
• The inclusion of convertible securities in beneficial ownership calculations is standard practice for institutional reporting under SEC rules.

Related Party Transactions

• Nantahala Capital Partners Limited Partnership has the right to receive dividends or proceeds from the sale of the shares reported by Nantahala Capital Management, LLC.

Stakeholder Impact

• Shareholders may view the 9.99% stake as a vote of confidence from an institutional investor.
• The potential conversion of 1,443,163 shares may impact the total share count and earnings per share calculations for existing shareholders.

Next Steps

• The reporting persons will be required to file amendments if there are material changes to their percentage of ownership.

Key Dates

Keywords

InspireMD, Nantahala Capital, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock