White Lion Capital LLC 4

What Happened
White Lion Capital LLC, listed as a 10% beneficial owner, sold a total of 210,561 shares of Actelis Networks (ASNS) in two open-market transactions: 80,449 shares on 2026-07-23 at $0.07 each (proceeds $5,631) and 130,112 shares on 2026-07-24 at $0.07 each (proceeds $9,108). These were outright sales (transaction code S), generating roughly $14,739 in gross proceeds. Sales are typically routine portfolio activity for institutional holders rather than a bullish signal.

Key Details

• Transaction dates and prices: 2026-07-23 — 80,449 shares @ $0.07; 2026-07-24 — 130,112 shares @ $0.07.
• Total sold: 210,561 shares for approx. $14,739 in gross proceeds.
• Filing date: Form 4 filed 2026-07-27 (within the SEC two-business-day reporting window for these trades).
• Shares owned after transaction: not reported in the provided filing data.
• Footnotes:
  • F1 — Describes pre-funded warrants that become exercisable upon either a reverse stock split or an increase in authorized shares (the "Pre-Funded Warrant Initial Exercise Date") and remain exercisable thereafter until fully exercised.
  • F2 — Describes common warrants that become exercisable upon the company successfully listing its common stock on an "Eligible Market" and remain exercisable for 18 months from that date.
• Insider type: 10% institutional owner (not an executive officer); institutional sales often reflect portfolio moves, not insider sentiment.

Context
This filing records open-market sales by a large shareholder, not purchases or option exercises. The amounts are modest in dollar terms; for many retail investors, purchases or option exercises by insiders tend to carry clearer signals than routine institutional sales. The warrant footnotes describe potential future derivative instruments tied to structural or listing events and do not change the nature of these cash sales.