VisionWave Holdings, Inc. 4
4 · SaverOne 2014 Ltd. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
SaverOne (SVRE) Director VisionWave Holdings Buys $6.84B Stock
What Happened
VisionWave Holdings, which is deemed a director of SaverOne 2014 Ltd. (SVRE) by deputization, acquired ADS in multiple open-market purchases between May 21 and June 5, 2026. The filing reports purchases that correspond to 39,382 American Depositary Shares (ADS) at $4.00 per ADS — these ADS represent 1,710,302,400 underlying ordinary shares (ADS ratio: 1 ADS = 43,200 ordinary shares). The Form 4 lists an aggregate reported value of approximately $6.84 billion (this large figure reflects the ADS-to-ordinary-share conversion used in the filing). Economically, the cash paid for the ADS purchases was $4.00 × 39,382 = $157,528.
Key Details
- Transaction dates and breakdown (ADS / underlying ordinary shares / price / cash paid / filing-reported value):
- May 21, 2026 — 5,000 ADS (216,000,000 ordinary shares) at $4.00/ADS; cash paid $20,000; filing shows $864,000,000.
- May 28, 2026 — 20,760 ADS (896,832,000 ordinary shares) at $4.00/ADS; cash paid $83,040; filing shows $3,587,328,000.
- June 3, 2026 — 128 ADS (5,529,600 ordinary shares) at $4.00/ADS; cash paid $512; filing shows $22,118,400.
- June 4, 2026 — 1,572 ADS (76,910,400 ordinary shares) at $4.00/ADS; cash paid $6,288; filing shows $307,641,600.
- June 5, 2026 — 11,922 ADS (515,030,400 ordinary shares) at $4.00/ADS; cash paid $47,688; filing shows $2,060,121,600.
- Total: 39,382 ADS → 1,710,302,400 ordinary shares; ADS cost = $157,528; filing-reported aggregate value ≈ $6,841,209,600.
- Beneficial ownership / control: Footnote F2 states VisionWave is deemed a director due to designation and control over Douglas Davis (a board member) under the Exchange Agreement (Jan 26, 2026). VisionWave has sole voting and dispositive power over these shares.
- Filing and timeliness: Form filed June 8, 2026, reporting transactions from May 21–June 5, 2026. The May 21 trade appears to have been reported after the SEC’s two-business-day Section 16 filing window; later trades (e.g., June 5) were reported within the June 8 filing date.
- No other equity or derivative securities are reported as beneficially owned by VisionWave except as previously reported (Form filed May 6, 2026).
Context
- ADS vs ordinary shares: The purchases were reported as ADS trades at $4.00 per ADS; because each ADS equals 43,200 ordinary shares, the filing shows very large underlying-share counts and a correspondingly large reported value. The actual cash paid equals the number of ADS × $4.00 (much smaller than the filing-reported amount based on underlying ordinary shares).
- Insider type: VisionWave is an institutional/entity reporting as a director (via deputization), not an individual executive — that affects how to interpret the filing (entity control and designation noted in footnote).
- Interpretation: These are outright purchases (code P). Purchases are often watched closely by investors, but the filing itself is factual and does not state motivation.
Insider Transaction Report
Form 4
VisionWave Holdings, Inc.
Director
Transactions
- Purchase
Ordinary Shares
[F1][F2]2026-05-21$4.00/sh+216,000,000$864,000,000→ 12,428,683,200 total - Purchase
Ordinary Shares
[F1][F2]2026-05-28$4.00/sh+896,832,000$3,587,328,000→ 13,325,515,200 total - Purchase
Ordinary Shares
[F1][F2]2026-06-03$4.00/sh+5,529,600$22,118,400→ 13,331,044,800 total - Purchase
Ordinary Shares
[F1][F2]2026-06-04$4.00/sh+76,910,400$307,641,600→ 13,398,955,200 total - Purchase
Ordinary Shares
[F1][F2]2026-06-05$4.00/sh+515,030,400$2,060,121,600→ 13,913,985,600 total
Footnotes (2)
- [F1]The price reported is the price per American Depositary Share ("ADS") acquired in an open-market transaction on The Nasdaq Stock Market LLC. Each ADS represents 43,200 ordinary shares of the Issuer pursuant to the ADS ratio effective February 25, 2026. The Reporting Person acquired 5,000 ADSs on May 21, 2026 at $4.00, 20,760 ADSs on May 28, 2026 at $4.00, 128 ADSs on June 3, 2026 at $4.00, 1,572 ADSs on June 4, 2026 at $4.00, and 11,922 ADSs on June 5, 2026 at $4.00, resulting in the underlying ordinary shares reported.
- [F2]The Reporting Person is deemed a director of the Issuer under Section 16(a) by deputization due to its designation and control over Douglas Davis, who serves on the Issuer's Board of Directors pursuant to rights granted under the Exchange Agreement dated January 26, 2026. Reflects beneficial ownership following the reported transactions. The Reporting Person has sole voting and dispositive power over these shares. No other equity securities or derivative securities of the Issuer are beneficially owned by the Reporting Person as of the date hereof, except as previously reported on Form filed May 6, 2026.
Signature
/s/ Douglas Davis|2026-06-08