SCHEDULE: Phoenix Financial Reduces Similarweb Stake Below 5%

Phoenix Financial Ltd. has filed an amended Schedule 13G, reporting a 2.88% beneficial ownership in Similarweb Ltd. as of February 18, 2026.

Summary

• Phoenix Financial Ltd. filed an Amendment No. 4 to Schedule 13G concerning its beneficial ownership in Similarweb Ltd.
• The filing reports beneficial ownership of 2,502,769 Ordinary Shares of Similarweb Ltd.
• This stake represents 2.88% of Similarweb Ltd.'s total outstanding Ordinary Shares.
• The percentage is calculated based on 86,962,202 Ordinary Shares outstanding as of February 19, 2026.
• The shares are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Phoenix Financial Ltd., which manage their own funds and/or funds of others.
• Specific holdings include 38 ordinary shares (0%) by The Phoenix Investments House trust funds, 216,904 ordinary shares (0.25%) by The Phoenix "nostro" accounts, and 2,285,827 ordinary shares (2.63%) by Partnership for Israeli shares.
• Phoenix Financial Ltd. certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of Similarweb Ltd.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal, as a significant institutional investor has reduced its stake in Similarweb Ltd. below the 5% threshold, potentially indicating a shift in investment strategy or outlook.

Negatives

• Phoenix Financial Ltd. has reduced its beneficial ownership in Similarweb Ltd. to 2.88%, falling below the 5% threshold that typically triggers Schedule 13G filings, indicating a divestment of a portion of their previous holdings.

Future Outlook

NA

Management Comments

• The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients.
• Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
• Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group.
• Each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein.
• This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.
• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

StockSavvy.ai notes that a reduction in a significant institutional investor's stake, even if still substantial, can sometimes be interpreted by the market as a signal of changing sentiment or a reallocation of capital. This type of filing primarily reflects the investment strategy of Phoenix Financial Ltd. rather than a direct commentary on Similarweb's industry position.

Stakeholder Impact

• Shareholders: May interpret the reduction in institutional ownership as a negative signal, potentially leading to downward pressure on the stock price.
• Management: May need to address investor concerns regarding the reduction in institutional support.

Key Dates

Recommendation

The reduction of Phoenix Financial Ltd.'s stake in Similarweb Ltd. to below 5% suggests a significant institutional investor has divested a portion of its holdings. This often signals a loss of confidence or a strategic shift away from the company, which could lead to negative market sentiment and potential downward pressure on the stock price. A seasoned investor would likely view this as a reason to reduce or exit their position.

Keywords

SIMILARWEB LTD, Phoenix Financial Ltd., Schedule 13G, beneficial ownership, institutional investor, equity stake, M84137104, ordinary shares