Securities and Exchange Commission

Washington, D.C. 20549

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

ironSource Ltd.

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

M5R75Y101

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. M5R75Y101		Schedule 13G		Page 1 of 4


CUSIP No. M5R75Y101		Schedule 13G		Page 2 of 4

ITEM 1. (a)

Name of Issuer:

ironSource Ltd. (the “Issuer”).

(b)

Address of Issuer’s Principal Executive Offices:

121 Menachem Begin Street, Tel Aviv 6701203, Israel

ITEM 2. (a)

Name of Person Filing:

This statement is filed on behalf of Itay Milrad (the “Reporting Person”).

(b)

Address or Principal Business Office:

The principal business address of the Reporting Person is c/o ironSource Ltd., 121 Menachem Begin Street, Tel Aviv 6701203, Israel.

(c)

Citizenship of each Reporting Person is:

The Reporting Person is a citizen of Israel.

(d)

Title of Class of Securities:

Class A ordinary shares, no par value (“Class A Ordinary Shares”).

(e)

CUSIP Number:

M5R75Y101

ITEM 3.

Not applicable.


CUSIP No. M5R75Y101		Schedule 13G		Page 3 of 4

ITEM 4.

Ownership.

(a-c)

Reporting Person

Amount

beneficially

owned

Percent

of class:

Sole power
to vote or
to direct
the vote:

Shared power
to vote or to
direct the vote:

Sole
power to
dispose or
to direct
the
disposition

of:

Shared

power to

dispose or

to direct

the

disposition

of:

Itay Milrad

ITEM 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☒

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

ITEM 10.

Certification.

Not applicable.


CUSIP No. M5R75Y101		Schedule 13G		Page 4 of 4

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2023

Itay Milrad

/s/ Itay Milrad

Names of Reporting Persons

Itay Milrad

Check the Appropriate Box if a Member of a Group

(a) ☐ (b) ☐

SEC Use Only

Citizenship or Place of Organization

Israel

ironSource Ltd SC 13G/A