Nyxoah (NASDAQ/EBR: NYXH) received a transparency notification dated February 26, 2026, reporting that Robert Taub and related person BMI Estate now hold 4,360,800 voting rights (9.99%) of total voting rights (43,662,403) as of February 20, 2026.
The holding comprises 4,310,800 linked securities and 50,000 warrants exercisable through 2028. Ownership passes via BMI Estate and Robelga SRL with described usufruct and bare ownership arrangements.
Linked securities: 4,310,800 voting rights reported
Warrants outstanding: 50,000 instruments through 2028
Negative
Near-threshold position: passive cross of 10% threshold reported
Concentration risk: single owner group holds 9.99% of votes
News Market Reaction – NYXH
-1.47%2.2x vol
15 alerts
-1.47%News Effect
-10.6%Trough in 5 hr 26 min
-$3MValuation Impact
$202.22MMarket Cap
2.2xRel. Volume
On the day this news was published, NYXH declined 1.47%, reflecting a mild negative market reaction.
Argus tracked a trough of -10.6% from its starting point during tracking.
Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility.
This price movement removed approximately $3M from the company's valuation, bringing the market cap to $202.22M at that time.
Trading volume was elevated at 2.2x the daily average, suggesting increased selling activity.
This announcement details a transparency notification under Belgian large-shareholding rules, confir...
Analysis
This announcement details a transparency notification under Belgian large-shareholding rules, confirming that Robert Taub and related entities held 4,360,800 voting rights, or 9.99% of the 43,662,403 total as of February 20, 2026, including 50,000 rights via warrants. It adds to recent disclosures on Nyxoah’s capital base and major holders.
Key Figures
Total voting rights held:4,360,800 voting rightsVoting rights in securities:4,310,800 voting rightsEquivalent financial instruments:50,000 voting rights+5 more
8 metrics
Total voting rights held4,360,800 voting rightsRobert Taub and related persons, as of Feb 20, 2026
Voting rights in securities4,310,800 voting rightsLinked to securities held by Robert Taub group
Equivalent financial instruments50,000 voting rightsWarrants held by Robert Taub
Ownership percentage9.99% of voting rightsShare of total voting rights on denominator 43,662,403
Total voting rights denominator43,662,403 voting rightsTotal number of voting rights as of Feb 20, 2026
Threshold crossed10% thresholdPassive crossing under Belgian transparency rules
BNP Paribas Asset Management disclosed a 3.28% holding crossing the 3% threshold.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent positive and neutral news often saw modest price moves, with some divergences between news tone and reaction.
Recent Company History
Over the past months, Nyxoah reported several capital-structure and growth updates. On Feb 25, 2026, it published updated share and voting-rights figures, tied to 43,662,403 ordinary shares. Earlier, it signed a Middle East MoU to expand Genio access, and invested in a ~2,000 m² Belgian facility to support worldwide growth. Preliminary Q4/FY2025 results showed strong revenue growth. Prior transparency notifications, such as the BNP Paribas filing, mirror today’s focus on major shareholdings.
Key Terms
transparency notification, voting rights, equivalent financial instruments, warrants, +2 more
6 terms
transparency notificationregulatory
"Nyxoah SA ... announces that it received a transparency notification as detailed below."
A transparency notification is a public alert required by market rules when a shareholder’s stake in a listed company rises above or falls below specified levels of ownership. It tells investors who is gaining or losing influence — like seeing someone start to buy or sell large slices of a cake — and matters because such moves can signal changes in control, voting power, potential alliances or takeover interest, which can affect share value and investor decisions.
voting rightsfinancial
"holds 4,360,800 voting rights, consisting of 4,310,800 voting rights linked..."
Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.
equivalent financial instrumentsfinancial
"4,310,800 voting rights linked to securities and 50,000 equivalent financial instruments..."
Financial assets or contracts that provide the same or very similar economic exposure, risks, and returns as one another, such as two ways to gain the same market exposure through different products. For investors this matters because choosing between equivalents is often about cost, convenience, tax treatment or counterparty risk—like picking between two routes that get you to the same destination but differ in tolls, travel time and safety. Recognizing equivalents helps compare options and manage portfolio risk efficiently.
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
"Robert Taub has 100% usufruct and Robert Taub’s children have 100% bare ownership..."
Usufruct is a legal right that lets one party use and collect income from someone else’s asset—like collecting rent, crops or dividends—without owning it, while the underlying property remains with the owner. It matters to investors because it changes who gets cash flow, who can make decisions about the asset, and how the asset is valued or transferred; think of it as a long-term rental with the duty to keep the property intact.
bare ownershipregulatory
"Robert Taub has 100% usufruct and Robert Taub’s children have 100% bare ownership..."
Bare ownership is the legal right to own an asset while someone else has the right to use it and collect any income from it for a period of time. Think of it like owning a house on paper while another person lives there and receives rent; you hold the title but not the practical benefits until their use ends. For investors, bare ownership affects current value, control, taxes, and future cash flow timing because the asset’s full economic benefit is delayed.
Publication relating to transparency notifications
Mont-Saint-Guibert(Belgium), February 27, 2026, 10:30 pm CET / 4:30 pm ET – In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below.
Robert Taub / BMI Estate
On February 26, 2026, Nyxoah received a transparency notification from Robert Taub and related person BMI Estate, following the passive crossing of a threshold. Based on the notification, Robert Taub (together with his controlled undertakings) holds 4,360,800 voting rights, consisting of 4,310,800 voting rights linked to securities and 50,000 equivalent financial instruments, representing 9.99% of the total number of voting rights on February 20, 2026 (43,662,403).
The notification dated February 26, 2026 contains the following information:
Reason for thenotification: passive crossing of a threshold
Notification by: a parent undertaking or a controlling person
Persons subject to the notification requirement:
Robert Taub
BMI Estate (with address at Avenue des Croix de Guerre 149 / 13, 1120 Brussels)
Date on which the threshold was crossed: February 20, 2026
Threshold that is crossed: 10%
Denominator: 43,662,403
Notifieddetails:
A) Voting rights
Previous notification
After the transaction
# of voting rights
# of voting rights
% of voting rights
Holders of voting rights
Linked to securities
Not linked to the securities
Linked to securities
Not linked to the securities
Robert Taub
2,712,510
2,712,510
6.21%
BMI Estate
567,484
567,484
1.30%
Robelga SRL
1,030,806
1,030,806
2.36%
Subtotal
4,310,800
4,310,800
9.87%
TOTAL
4,310,800
0
9.87%
0.00%
B) Equivalent financial instruments
After the transaction
Holders of equivalent financial instruments
Type of financial instrument
Expiration date
Exercise period or date
# of voting rights that may be acquired if the instrument is exercised
% of voting rights
Settlement
Robert Taub
Warrants
08/06/2027
25,000
0.06%
cash
Robert Taub
Warrants
14/06/2028
25,000
0.06%
cash
TOTAL
50,000
0.11%
TOTAL (A & B)
# of voting rights
% of voting rights
4,360,800
9.99%
Full chain of controlled undertakings through which the holding is effectively held: Robelga SRL is 100% owned by BMI Estate (a partnership (société simple) without legal personality). Robert Taub has 100% usufruct and Robert Taub’s children have 100% bare ownership of BMI Estate.
What stake did Robert Taub disclose in Nyxoah (NYXH) on February 26, 2026?
Robert Taub and related BMI Estate disclosed 4,360,800 voting rights (9.99%) as of February 20, 2026. According to Nyxoah, the total denominator was 43,662,403 voting rights, comprised of 4,310,800 linked securities plus 50,000 warrants.
How many of the disclosed Nyxoah (NYXH) voting rights are linked to securities vs warrants?
4,310,800 voting rights are linked to securities and 50,000 come from warrants. According to Nyxoah, the warrants are cash-settled and expire in June 2027 and June 2028, representing 0.11% combined.
Did the Nyxoah (NYXH) notification cross a legal threshold on February 20, 2026?
The notification reports a passive crossing of the 10% threshold on February 20, 2026. According to Nyxoah, the reported position reached 9.99% of voting rights based on the stated denominator of 43,662,403.
Through which entities is the Nyxoah (NYXH) holding of Robert Taub structured?
The holding is held via BMI Estate and Robelga SRL, with Robelga SRL 100% owned by BMI Estate. According to Nyxoah, Robert Taub holds 100% usufruct while his children hold bare ownership of BMI Estate.
What is the investor impact of the Nyxoah (NYXH) transparency notification for shareholders?
The disclosure increases transparency about ownership concentration but does not change shares outstanding. According to Nyxoah, the notice simply reports 9.99% voting rights and related warrant exposures as of February 20, 2026.