[144] AudioCodes Ltd SEC Filing

Rhea-AI Filing Summary

AudioCodes Ltd. (AUDC) filed a Form 144 indicating that insider Lior Aldema intends to sell up to 8,436 ordinary shares through Oppenheimer & Co. on or after 28 Jul 2025. The proposed sale is valued at roughly $88.3 k and equals only about 0.03 % of the company’s 29.68 million shares outstanding, suggesting minimal market impact.

The shares derive from restricted-stock-unit grants received in 2022-2024. Over the last three months Aldema has already disposed of 8,251 shares for aggregate proceeds of ≈$72.7 k. If the new sale executes, total shares sold in the recent period would reach 16,687, still below 0.06 % of shares outstanding.

Positive

• Sale represents only ~0.03 % of shares outstanding, indicating negligible dilution or price pressure.

Negative

• Continued insider selling may be interpreted as a mild confidence weakener if trend persists.

Insights

Securities Analyst

TL;DR: Small insider sale; financially immaterial, signals routine diversification more than strategic concern.

The filing covers 8,436 shares worth ≈$88 k, a negligible slice of AUDC’s float. Combined with prior 8,251-share disposals, insider selling stays below 0.06 % of outstanding stock, far under thresholds that typically raise liquidity or control red-flags. Volume and timing align with Rule 144 clearance of vested RSUs, a common executive cash-out mechanism. I view the impact on valuation and trading dynamics as neutral; however, continued sales could fuel modest sentiment weakness if coincident with operational headwinds.

Corporate Governance Expert

TL;DR: Filing appears procedural; no governance concerns given scale and disclosure compliance.

Aldema’s notice satisfies Rule 144 transparency requirements and references no undisclosed adverse information. The sale size is well below the 1 % aggregation ceiling and is executed via a reputable broker. Absence of a 10b5-1 plan date suggests discretionary timing, yet dollar amount is modest, limiting potential perception of opportunistic trading. Overall governance impact is neutral; investors should monitor but need not infer strategic shifts.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary	Oppenheimer & Co. Inc. 85 Broad St. New York NY 10004	8436	88324.92	29679755	07/28/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary	05/06/2024	Restricted Stock Units	Issuer			45000	05/06/2024	N/A
Ordinalr	04/28/2022	Restricted Stock Units	Issuer			45000	04/28/2022	N/A
Ordinary	05/08/2023	Restricted Stock Units	Issuer			45000	05/08/2023	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Aldema Lior 6 OFRA HAZA STREET OR YEHUDA L3 70151	Ordinary	04/29/2025	2625	24846.68
Aldema Lior 6 OFRA HAZA STREET, OR YEHUDA L3 70151	Ordinary	05/06/2025	2813	23081.51
Aldema Lior 6 OFRA HAZA STREET OR YEHUDA L3 70151	Ordinary	05/08/2025	2813	23722.59

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many AudioCodes (AUDC) shares are covered by the Form 144?

The notice covers 8,436 ordinary shares valued at about $88,325.

What percentage of AUDC’s shares outstanding does the proposed sale represent?

Approximately 0.03 % of the company’s 29.68 million shares.

When is the anticipated sale date for the shares?

The filer listed an approximate sale date of 28 July 2025.

Has the insider sold AUDC shares recently?

Yes. Over the past three months the insider sold 8,251 shares for ≈$72.7 k in total proceeds.

What is the source of the shares being sold?

They originate from restricted stock units granted in 2022, 2023 and 2024.