L1 Capital Pty Ltd 4

What Happened
L1 Capital Pty Ltd, reported as a 10% holder of Anteris Technologies Global Corp. (AVR), made two purchases of AVR common-stock‑linked instruments. On 2026-01-22 it acquired 5,000,000 shares at $5.75 each for $28,750,000. On 2025-10-28 it acquired 1,333,334 CHESS depository interests (recorded as a derivative purchase) at $4.93 each for $6,580,003. Both entries are purchases (acquisitions), which are generally more informative than routine sales, though the filing does not state a reason.

Key Details

• Transactions:
  • 2026-01-22 — Purchase (P): 5,000,000 shares @ $5.75 = $28,750,000.
  • 2025-10-28 — Purchase (P), Derivative: 1,333,334 CHESS depository interests @ $4.93 = $6,580,003.
• Aggregate acquisition value: $35,330,003 for 6,333,334 shares/CDIs.
• Shares owned after transaction: not specified in the filing provided.
• Footnotes of note:
  • F1: L1 states it does not admit obligation to file under the Exchange Act and claims exemption under Rule 16a‑2.
  • F2: The reported holdings are owned across multiple funds managed/controlled by L1 Capital Pty Ltd.
  • F3: The 1,333,334 items are CHESS Depository Interests (CDIs), each representing one underlying common share and exchangeable for shares within 60 days.
• Timeliness: The Form 4 was filed 2026-02-09 for transactions dated 2025-10-28 and 2026-01-22 — this is later than the usual 2-business‑day reporting window (filing flagged as late).

Context

• The October 2025 entry was reported as a derivative acquisition (CDIs), meaning L1 acquired depositary interests that can be converted into underlying common shares within about 60 days. The January 2026 entry was a straight share purchase.
• This filing reflects institutional buying by a 10% shareholder (L1 and its managed funds), not an individual officer or director trade. The filing is factual and does not state motives for the purchases.