VisionWave Holdings, Inc. 4

What Happened
VisionWave Holdings, reported as a director of SaverOne 2014 Ltd. (SVRE) by deputization, purchased ADSs in two open-market transactions. On Mar 11, 2026 it acquired 6,039 ADSs (reported as 260,884,800 ordinary shares) at $2.64 per ADS (value reported $688,735,872). On Mar 12, 2026 it acquired 2,011 ADSs (reported as 86,875,200 ordinary shares) at $2.65 per ADS (value reported $230,219,280). Total purchased equals 8,050 ADSs, representing 347,760,000 ordinary shares, with a combined reported cost of $918,955,152. These were purchases (buying activity).

Key Details

• Transaction dates & prices: Mar 11, 2026 — 6,039 ADSs at $2.64; Mar 12, 2026 — 2,011 ADSs at $2.65.
• Shares reported acquired (ordinary-share basis): 260,884,800 (Mar 11) and 86,875,200 (Mar 12); total 347,760,000 ordinary shares.
• Reported total value: $688,735,872 (Mar 11) + $230,219,280 (Mar 12) = $918,955,152.
• Shares owned after transaction: beneficial ownership reported as the amounts above (8,050 ADSs / 347,760,000 ordinary shares). The Reporting Person has sole voting and dispositive power.
• Notable footnotes: price is per ADS; each ADS represents 43,200 ordinary shares (ADS ratio effective Feb 25, 2026). VisionWave is deemed a director through control over the board designee (Douglas Davis) under an Exchange Agreement. Prior Form 3 was filed Mar 10, 2026.
• Filing timeliness: Form 4 was filed Mar 13, 2026 for transactions on Mar 11–12, which appears timely under Section 16 (filed within standard reporting window).

Context
These entries reflect open-market purchases of ADSs (converted and presented on an underlying ordinary-share basis). ADS transactions can produce very large share counts when the ADS ratio is high (here, 1 ADS = 43,200 ordinary shares). The reporting entity is a corporate holder deemed a director via deputization rather than an individual executive; the filing documents beneficial ownership and control but does not state the holder’s motivation.