[SCHEDULE 13G/A] AudioCodes Ltd SEC Filing

Rhea-AI Filing Summary

Senvest Management, LLC and Richard Mashaal filed an amended Schedule 13G/A reporting beneficial ownership of 1,904,209 ordinary shares of AudioCodes Ltd, representing 6.5% of the class. The reported shares are held in accounts for Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP, and the filing states the reporting persons may be deemed to beneficially own those securities by virtue of Senvest Management's role as investment manager and Mr. Mashaal's status as managing member.

The filing shows no sole voting or dispositive power (0 shares) and shared voting and dispositive power of 1,904,209 shares. The percentage is calculated using 29,473,093 shares outstanding as of March 11, 2025 per the company’s Form 20-F. The statement certifies the securities were not acquired to change or influence control of the issuer.

Positive

• Material disclosure: Reporting persons disclose ownership of 1,904,209 shares (6.5%), exceeding the 5% reporting threshold.
• Transparency on holding vehicles: Shares are identified as held in Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP.
• Certification of non-control intent: The filing includes a statement that the securities were not acquired to change or influence control of the issuer.

Negative

• No sole voting or dispositive power: The filing reports 0 sole voting and 0 sole dispositive power, indicating no individual control.
• Limited transactional detail: The filing does not provide timing, prices, or acquisition method for the reported holdings.
• Amendment filed: This is Amendment No. 2, but the filing does not explain the substantive changes from prior filings within this document.

Insights

Financial Analyst

TL;DR: A disclosed passive stake of 6.5% is material but presented as non-control; it's a transparency filing rather than an activist move.

The filing documents a 1,904,209-share position equal to 6.5% of AudioCodes' outstanding shares based on 29,473,093 shares. Holdings sit in two Senvest-managed investment vehicles, with Senvest Management, LLC and Richard Mashaal reported as potentially having beneficial ownership by virtue of managerial roles. The report indicates shared voting and dispositive power only, and the certification states the position was not acquired to effect control. For investors, this is a material ownership disclosure but, as presented, carries no explicit plan to influence governance or strategy.

Corporate Governance Expert

TL;DR: Ownership disclosure exceeds the 5% threshold, improving governance transparency; no sole control or takeover intent is stated.

The Schedule 13G/A (Amendment No. 2) clarifies that the reported securities are held by Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP, and that the reporting parties have shared voting and dispositive power over 1,904,209 shares. The filing cites the outstanding share base used for percentage calculation and includes a certification that the stake was not acquired to change control. From a governance perspective, this satisfies disclosure obligations and signals a meaningful passive stake without declared activist intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

AUDIOCODES LTD

(Name of Issuer)

Ordinary Shares, nominal value NIS 0.01 per share

(Title of Class of Securities)

M15342104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. M15342104

1

Names of Reporting Persons

Senvest Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,904,209.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,904,209.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,904,209.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. M15342104

1

Names of Reporting Persons

Richard Mashaal

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,904,209.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,904,209.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,904,209.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AUDIOCODES LTD
(b)	Address of issuer's principal executive offices: 6 Ofra Haza Street, Park Naimi Building A, Or Yehuda, Israel
Item 2.
(a)	Name of person filing: This statement is filed by Senvest Management, LLC and Richard Mashaal, with respect to the ordinary shares, nominal value NIS 0.01 per share ("Ordinary Shares") of AudioCodes Ltd., an Israeli company (the "Company"). The reported securities are held in the account of Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP (collectively, the "Investment Vehicles"). Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicles. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.
(b)	Address or principal business office or, if none, residence: Senvest Management, LLC 540 Madison Avenue, 32nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32nd Floor New York, New York 10022
(c)	Citizenship: Senvest Management, LLC - Delaware Richard Mashaal - Canada
(d)	Title of class of securities: Ordinary Shares, nominal value NIS 0.01 per share
(e)	CUSIP No.: M15342104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 29,473,093 Ordinary Shares outstanding as of March 11, 2025, as reported in the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission on March 26, 2025.
(b)	Percent of class: 6.5%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Investment Vehicles have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the Ordinary Shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Senvest Management, LLC

Signature:	/s/ Bobby Trahanas
Name/Title:	Bobby Trahanas, Chief Compliance Officer
Date:	08/11/2025

Richard Mashaal

Signature:	/s/ Richard Mashaal
Name/Title:	Richard Mashaal, Individually
Date:	08/11/2025

FAQ

How many AudioCodes (AUDC) shares does Senvest report owning?

The filing reports 1,904,209 ordinary shares beneficially owned by Senvest-related reporting persons.

What percentage of AUDC does that stake represent?

The reported position represents 6.5% of AudioCodes' ordinary shares, calculated using 29,473,093 shares outstanding.

Which funds hold the AudioCodes shares on behalf of Senvest?

The shares are held in accounts of Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP.

Does Senvest or Richard Mashaal have sole voting control of the shares?

No. The filing reports 0 sole voting power and 1,904,209 shared voting power.

Was the stake acquired to change or influence control of AudioCodes?

The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.

When was the Schedule 13G/A signed?

Signatures are dated 08/11/2025 for both Senvest Management, LLC and Richard Mashaal.