Anteris (AVR) 10% Owner L1 Capital Sells 627,659 Shares

What Happened
L1 Capital Pty Ltd, reported as a 10% owner, sold a total of 627,659 CHESS Depository Interests (CDIs) in Anteris Technologies Global Corp. (AVR) in two transactions. On 2026-08-10 it sold 251,844 CDIs at AUD 9.10 each for AUD 2,291,780, and on 2026-08-11 it sold 375,815 CDIs at AUD 9.30 each for AUD 3,495,080 — total proceeds of AUD 5,786,860. These were sales (not purchases), which are often routine portfolio trades by institutional holders rather than insider bullish signals.

Key Details

• Transaction dates and prices: 2026-08-10 — 251,844 CDIs @ AUD 9.10; 2026-08-11 — 375,815 CDIs @ AUD 9.30.
• Total sold: 627,659 CDIs for AUD 5,786,860.
• Shares owned after transaction: Not stated in the filing.
• Relevant footnotes:
  • F1: Reporting person states it does not admit obligation to file under Section 16 as it claims exemption under Rule 16a-2.
  • F2: The CDIs are owned by funds (L1 Long Short Fund Limited, L1 Capital Long Short Fund, L1 Capital Long Short (Master) Fund) controlled/managed by L1 Capital Pty Ltd.
  • F3: The CDIs represent one underlying share each and are exchangeable for common shares within 60 days.
  • F5: Amounts reported in Australian Dollars (AUD).
  • F6/F7: Notes reference CDI warrants and exercise-price conditions (no warrants were reported sold here).
• Filing timeliness: Form 4 was filed on 2026-08-12 reporting trades on 2026-08-10 and 2026-08-11; the filing does not indicate lateness.

Context
This filing reflects institutional selling by a disclosed 10% holder (funds managed by L1 Capital), not trading by a company executive. Institutional sales can reflect portfolio rebalancing or liquidity needs and are not direct evidence of company-specific insider sentiment. The instruments sold were CHESS Depository Interests, which represent underlying shares and are exchangeable into common stock within 60 days.