Anteris (AVR) 10% Owner L1 Capital Sells 71,344 Shares

What Happened
L1 Capital Pty Ltd, reported as a 10% owner of Anteris Technologies Global Corp. (AVR), disposed of a total 71,344 shares in two transactions. On 2026-07-24 it sold 23,000 shares at $8.13 each for $186,990. On 2026-07-27 it disposed of 48,344 shares at $8.15 each for $394,004 (reported as a derivative transaction). Total proceeds across both trades are about $580,994. These were sales (not purchases), which are commonly routine for large institutional holders.

Key Details

• Transaction dates and prices:
  • 2026-07-24: 23,000 shares sold @ $8.13 — $186,990
  • 2026-07-27: 48,344 shares sold @ $8.15 — $394,004 (derivative)
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: L1 states it does not admit it's required to file under the 1934 Act (claims Rule 16a-2 exemption).
  • F2: The shares were held across several L1-managed funds (listed in the filing).
  • F3: The derivative entry involves CHESS Depository Interests (CDIs) that represent one underlying share each and are exchangeable for common stock within 60 days.
  • F4: Not applicable.
• Filing date: Form 4 filed 2026-07-28 reporting transactions on 2026-07-24 and 2026-07-27. The form does not indicate a tardiness flag.

Context
As a 10% owner, L1 Capital is an institutional holder rather than an individual executive; such sales can reflect portfolio rebalancing or fund flows rather than management sentiment. The second line item is a derivative/CDI disposal — CDIs are Australian depository instruments representing underlying shares and can be converted into common stock within the timeframe noted in the footnote. The filing is factual and does not provide reasons for the sales.