SCHEDULE: Wearable Devices Ltd. Ownership Update

J.B.D Innovation Ltd. and associated parties report a change in beneficial ownership of Wearable Devices Ltd. shares.

Summary

• This filing is an amendment (Amendment No. 1) to a previously filed Schedule 13D, reporting changes in beneficial ownership of Wearable Devices Ltd. ordinary shares.
• The reporting persons are J.B.D Innovation Ltd., Nissim Daniel, Victor Tshuva & Co. - Law Offices, and Victor Tshuva.
• As of June 17, 2026, there were 2,189,469 ordinary shares outstanding.
• J.B.D Innovation Ltd. has sole dispositive power over 315,361 shares (14.40%) and shared voting power over 381,361 shares (17.42%).
• Victor Tshuva & Co. has sole dispositive power over 66,000 shares (3.01%) and shared voting power over 381,361 shares (17.42%).
• Nissim Daniel is the sole owner, director, and CEO of J.B.D Innovation Ltd. and may be deemed beneficial owner of J.B.D.'s shares.
• Victor Tshuva is the sole owner and CEO of Victor Tshuva & Co. and may be deemed beneficial owner of Victor Tshuva & Co.'s shares.
• On July 27, 2026, J.B.D. disposed of 162,000 ordinary shares in open market transactions for approximately $617,544.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the significant share disposal by a major holder, although it is a required disclosure of ownership changes.

Positives

• The sale of 162,000 shares by J.B.D. Innovation Ltd. generated approximately $617,544 in gross proceeds.
• The reporting persons collectively hold a significant stake of 17.42% of the outstanding shares, indicating substantial influence or interest.

Negatives

• J.B.D. Innovation Ltd. disposed of a substantial number of shares (162,000), reducing its direct holdings.
• The reduction in holdings by J.B.D. Innovation Ltd. could be interpreted as a decrease in confidence or a strategic shift.

Risks

• Potential for further share disposals by the reporting persons, which could impact share price.
• The formation of a 'group' for Section 13(d) purposes, while disclaimed, could lead to regulatory scrutiny or require further disclosures.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding future performance or strategy. It primarily reports on past transactions and current ownership structures.

Management Comments

• "The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer he or it does not directly own."
• "Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein."
• "Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that a group exists for purposes of Schedule 13(d) of the Exchange Act or for any other purpose, and each Reporting Person disclaims the existence of any such group."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes in publicly traded companies. This amendment indicates a shift in the holdings of key stakeholders in Wearable Devices Ltd., a company operating in the competitive wearable technology sector.

Related Party Transactions

• Nissim Daniel is the sole owner, director, and CEO of J.B.D Innovation Ltd.
• Victor Tshuva is the sole owner and CEO of Victor Tshuva & Co. - Law Offices.
• J.B.D. and Victor Tshuva & Co. have agreed to act in concert regarding their holdings, with J.B.D. agreeing to vote certain shares according to Victor Tshuva & Co.'s instructions until a transfer is completed.

Stakeholder Impact

• Shareholders: The disposal of a significant number of shares by J.B.D. Innovation Ltd. may lead to short-term price volatility or signal a change in strategic direction.
• Management: The reporting persons, including Nissim Daniel and Victor Tshuva, continue to hold substantial stakes, indicating ongoing interest and potential influence.

Next Steps

• Monitor future filings for any further changes in beneficial ownership by J.B.D Innovation Ltd., Nissim Daniel, Victor Tshuva & Co., or Victor Tshuva.
• Observe the market reaction to the reported share disposal.

Key Dates

Recommendation

The filing primarily reports on a change in beneficial ownership due to a share disposal, rather than operational or financial performance. While the disposal of 162,000 shares by J.B.D. Innovation Ltd. is noteworthy, the remaining significant stake held by the reporting persons suggests continued interest. Without further context on the reasons for the sale or the company's underlying performance, a 'hold' recommendation is prudent, pending more information.

Keywords

Schedule 13D, Beneficial Ownership, Wearable Devices Ltd., Share Disposal, J.B.D Innovation Ltd., Victor Tshuva & Co., Significant Stakeholder