SCHEDULE: Wearable Devices Ltd. Stakeholders Exit Holdings

J.B.D Innovation Ltd. and Victor Tshuva & Co. have sold all their ordinary shares in Wearable Devices Ltd., ceasing to be beneficial owners of 5% or more.

Summary

• J.B.D Innovation Ltd. and Victor Tshuva & Co. have completed the sale of all their ordinary shares in Wearable Devices Ltd.
• These sales occurred on August 10 and August 11, 2026, through open market transactions.
• As of August 11, 2026, none of the reporting persons beneficially own any securities of Wearable Devices Ltd.
• This filing serves as an exit filing, indicating the reporting persons no longer meet the 5% beneficial ownership threshold.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a negative development, as the reporting persons have divested all their holdings, indicating a lack of confidence or a strategic exit.

Negatives

• The reporting persons have divested their entire stake in Wearable Devices Ltd.
• This represents a complete exit from the company by significant stakeholders.
• The sales generated aggregate gross proceeds of approximately $802,587 and $302,663 for J.B.D Innovation Ltd. on August 10 and August 11, 2026, respectively.
• Victor Tshuva & Co. generated aggregate gross proceeds of approximately $167,966 and $63,334 on August 10 and August 11, 2026, respectively.

Risks

• The divestment by J.B.D Innovation Ltd. and Victor Tshuva & Co. could signal a lack of confidence in the company's future prospects.
• The market may interpret this exit as a negative signal, potentially impacting the share price.

Future Outlook

The filing indicates an exit by the reporting persons, suggesting they no longer have a vested interest or forward-looking strategy related to Wearable Devices Ltd. No future guidance from these specific reporting persons is provided.

Management Comments

• Nissim Daniel (CEO of J.B.D Innovation Ltd.): 'As of August 11, 2026, none of the Reporting Persons beneficially owns any securities of the Issuer, and none of the Reporting Persons maintains any discretionary or proxy voting authority or pecuniary interest with respect to any securities of the Issuer.'
• Victor Tshuva (CEO of Victor Tshuva & Co.): 'As of August 11, 2026, the Reporting Persons beneficially owned no Ordinary Shares of the Issuer. Accordingly, this Amendment No. 4 constitutes the final amendment to the Schedule 13D and an exit filing for the Reporting Persons.'

Industry Context

StockSavvy.ai notes that significant stake sales by institutional investors or related parties can often precede or coincide with shifts in a company's valuation or strategic direction. This divestment by J.B.D Innovation Ltd. and Victor Tshuva & Co. from Wearable Devices Ltd. is a notable event for investors tracking the wearable technology sector.

Related Party Transactions

• The filing notes an agreement dated July 26, 2026, between J.B.D Innovation Ltd. and Victor Tshuva & Co., which is no longer applicable due to the disposition of all shares.

Stakeholder Impact

• Shareholders: May perceive the exit of these entities as a negative signal, potentially affecting share price and confidence.
• Creditors: The divestment does not directly impact creditors but could indirectly affect the company's financial stability if it signals underlying issues.
• Employees: May experience uncertainty regarding the company's future direction and stability following the departure of significant stakeholders.

Next Steps

• The reporting persons have completed their divestment and have filed this as a final amendment.
• No further actions are indicated by J.B.D Innovation Ltd. or Victor Tshuva & Co. regarding Wearable Devices Ltd.

Key Dates

Recommendation

The filing indicates a complete exit by significant stakeholders, which is a negative signal. However, without further context on the company's performance or future prospects, a 'hold' recommendation is prudent, advising investors to await more information before making a decisive move.

Keywords

Wearable Devices Ltd., Schedule 13D, Divestment, Share Sale, Beneficial Ownership, Exit Filing, J.B.D Innovation Ltd., Victor Tshuva & Co.