Anteris (AVR) 10% Owner L1 Capital Sells Shares

What Happened
L1 Capital Pty Ltd, reported as a >10% owner of Anteris Technologies Global Corp. (AVR), sold a total of 441,548 CHESS Depository Interests (CDIs) in open‑market/private sales across two days. On 2026‑07‑27 it sold 232,817 CDIs at an average price reported as $8.19 (total $1,906,771) and on 2026‑07‑28 it sold 208,731 CDIs at an average price reported as $8.09 (total $1,688,634). The combined proceeds reported equal $3,595,405 (~$3.6M). The filing identifies these as disposals (S) — a sale, not a purchase.

Key Details

• Transaction dates: 2026‑07‑27 and 2026‑07‑28; Form 4 filed 2026‑07‑29. Filing appears timely.
• Reported per‑day average prices: $8.19 (Jul 27) and $8.09 (Jul 28); footnotes state individual trades ranged $8.15–$8.25 (Jul 27) and $7.90–$8.42 (Jul 28).
• Total shares sold: 441,548 CDIs; total proceeds ≈ $3,595,405.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 claims the filer is exempt from Rule 16 reporting obligations (Rule 16a‑2); F2 lists the specific L1 funds that own the CDIs; F5 clarifies CDIs represent one underlying share and are exchangeable for common stock within 60 days. F3/F4 describe the intra‑day price ranges.
• Transaction type code: S = Sale.

Context

• L1 Capital is an institutional 10% owner (multiple funds managed by the firm), not an individual officer or director. Institutional disposals can reflect portfolio rebalancing and do not necessarily signal company‑specific insider sentiment.
• The securities are CHESS Depository Interests (CDIs), which represent underlying common shares and may be exchanged into shares within the period noted in the filing.
• The filing is informational — it reports disposals rather than purchases or option exercises; no inference about future company performance should be made from this sale alone.