SCHEDULE: Morgan Stanley Reduces Radware Stake Below 5%

Morgan Stanley reports its beneficial ownership in Radware Ltd. has fallen to 4.8%, triggering a Schedule 13G amendment.

Summary

• Morgan Stanley filed an Amendment No. 3 to Schedule 13G regarding its beneficial ownership of Ordinary Shares in Radware Ltd.
• As of September 30, 2025, Morgan Stanley beneficially owned 2,028,645 Ordinary Shares of Radware Ltd.
• This aggregate amount represents 4.8% of the class of securities.
• Morgan Stanley has ceased to be the beneficial owner of more than five percent of Radware Ltd.'s Ordinary Shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine regulatory disclosure of a change in beneficial ownership, indicating Morgan Stanley's stake in Radware Ltd. has fallen below 5%. It contains no positive or negative operational or financial news for the issuer.

Negatives

• Morgan Stanley's beneficial ownership in Radware Ltd. has decreased below the 5% reporting threshold.

Future Outlook

NA

Industry Context

This is a standard regulatory disclosure for institutional investors, indicating a change in their passive investment stake in a publicly traded company. It does not reflect a strategic shift in the broader industry.

Stakeholder Impact

• For shareholders, this indicates a reduction in a significant institutional holder's stake, which could be interpreted in various ways depending on market sentiment, but the filing itself provides no strategic rationale.
• No direct impact on employees, customers, suppliers, or creditors is indicated.

Key Dates

Keywords

Radware Ltd, Morgan Stanley, Schedule 13G, Beneficial Ownership, Ordinary Shares, Stake Reduction, Institutional Ownership