Anteris Technologies (AVR) 10% Owner L1 Capital Sells Shares

What Happened

• L1 Capital Pty Ltd (reported as a 10% owner) sold 174,721 shares of Anteris Technologies Global Corp. (AVR) on 2026-08-06 at A$8.10 per share, generating proceeds of A$1,415,240. The filing reports the disposition as an open market or private sale (code S).
• This is an institutional sale by a major shareholder (L1 controls several funds that own the shares), not an executive or officer sale. Sales are often routine portfolio activity and do not by themselves indicate company performance.

Key Details

• Transaction date and price: 2026-08-06 — 174,721 shares at A$8.10 each.
• Total proceeds: A$1,415,240 (reported in Australian Dollars).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F1: Reporting person states it believes it is exempt from certain Section 16 reporting obligations under Rule 16a-2.
  • F2: Shares are held by funds (L1 Long Short Fund Limited, L1 Capital Long Short Fund, L1 Capital Long Short (Master) Fund) managed by L1 Capital Pty Ltd.
  • F3/F5: References CHESS Depository Interests (CDIs) and CDI warrants, which represent underlying shares and are exchangeable/exercisable within 60 days.
  • F7: Currency is AUD.
• Timeliness: Transaction occurred on 2026-08-06 and the Form 4 was filed on 2026-08-10. Section 16 filers typically must file within two business days, so this filing appears later than that standard window.

Context

• As a 10% institutional holder, L1 Capital’s sale reflects fund-level disposition rather than insider sentiment from management. The filing references CHESS Depository Interests (Australian depository receipts) that are exchangeable for underlying common shares within 60 days, which may relate to how the position is held or settled.
• This summary is factual and does not speculate on motives. Purchases generally carry more weight for signaling; sales by large funds can be routine rebalancing.