L1 Capital sells shares of Anteris Technologies Global Corp. (NASDAQ: AVR)
Rhea-AI Filing Summary
L1 Capital Pty Ltd, reported as a 10% owner of Anteris Technologies Global Corp., reported two indirect sales by funds it controls. On 24 July 2026 they sold 23,000 common shares at $8.13, leaving 7,789,000 shares. On 27 July 2026 they sold 48,344 CHESS Depository Interests at $8.15, leaving 5,359,470, with each CDI representing one underlying common share exchangeable within 60 days. L1 Capital states it does not admit being obligated to file ownership reports because it believes it is exempt under Rule 16a-2.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 23,000 shares
Net Sell
2 txns
Insider
L1 Capital Pty Ltd
Role
10% Owner
Sold
71,344 shs ($581K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | CHESS Depository Interests F1, F3, F4, F2 | 48,344 | $8.15 | $394K |
| Sale | Common Stock F1, F2 | 23,000 | $8.13 | $187K |
Holdings After Transaction:
CHESS Depository Interests — 5,359,470 shares (Indirect, See footnote);
Common Stock — 7,789,000 shares (Indirect, See footnote)
Footnotes (4)
- F1. In submitting this Form 4, the Reporting Person does not admit that it is obligated to file ownership reports under the Securities Exchange Act of 1934 since it is exempt under Rule 16a-2.
- F2. The shares are owned by the L1 Long Short Fund Limited, the L1 Capital Long Short Fund, the L1 Capital Long Short (Master) Fund, L1 Capital Global Long Short (Master) Fund, L1 Capital Global Long Short Fund, L1 Capital Global Long Short (AUD Offshore) Fund and L1 Global Long Short Fund Limited, all controlled and managed by L1 Capital Pty Ltd.
- F3. The CHESS Depository Interests represent one underlying share of the Issuers common stock and are exchangeable for shares of the Issuers common stock within 60 days.
- F4. Not applicable
Key Figures
Common shares sold: 23000.0000 shares
CHESS Depository Interests sold: 48344.0000 units
Common shares held after 24 July sale: 7789000.0000 shares
+2 more
5 metrics
Common shares sold
23000.0000 shares
Indirect non-derivative sale on 24 July 2026 at $8.13 per share
CHESS Depository Interests sold
48344.0000 units
Indirect derivative-type sale on 27 July 2026 at $8.15 per unit, each representing one common share
Common shares held after 24 July sale
7789000.0000 shares
Indirect common stock holdings following the 23,000-share sale
CDIs held after 27 July sale
5359470.0000 units
Indirect CHESS Depository Interest holdings following the 48,344-unit sale
Total shares sold in this report
71344 shares
Aggregate of reported sales across common stock and CHESS Depository Interests
Key Terms
CHESS Depository Interests, Rule 16a-2, Securities Exchange Act of 1934
3 terms
CHESS Depository Interests financial
"The CHESS Depository Interests represent one underlying share of the Issuers common stock"
CHESS depository interests are tradable certificates on the Australian market that represent ownership of underlying foreign or non-Australian shares held by a custodian, while the actual shares remain registered overseas. They let local investors buy, sell and receive entitlements from those overseas securities as if they were domestic shares — like holding a parking pass for a car kept in another city — and matter because they simplify trading, settlement and dividend access.
Rule 16a-2 regulatory
"it is exempt under Rule 16a-2"
Securities Exchange Act of 1934 regulatory
"ownership reports under the Securities Exchange Act of 1934"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider sales did L1 Capital report for Anteris Technologies Global Corp. (AVR)?
L1 Capital Pty Ltd reported two indirect sales involving Anteris Technologies Global Corp. Funds it manages sold 23,000 common shares at $8.13 on 24 July 2026 and 48,344 CHESS Depository Interests at $8.15 on 27 July 2026.
How many Anteris Technologies (AVR) securities does L1 Capital hold after these transactions?
After the 24 July 2026 sale, indirect common stock holdings were 7,789,000 shares. After the 27 July 2026 sale of CHESS Depository Interests, indirect holdings in that security were 5,359,470 units, each representing one underlying common share exchangeable within 60 days.
Through which entities are L1 Capital’s Anteris Technologies (AVR) holdings owned?
The Form 4 states the shares are owned by several L1 Long Short and L1 Global Long Short funds, all controlled and managed by L1 Capital Pty Ltd, rather than being held directly by the reporting person.
Were L1 Capital’s Anteris Technologies (AVR) sales made under a Rule 10b5-1 trading plan?
No. The Form 4 Rule 10b5-1 checkbox is marked as not applicable to a trading plan, indicating the reported transactions were not executed pursuant to a Rule 10b5-1 pre-arranged trading plan.
What does L1 Capital say about its obligation to report Anteris Technologies (AVR) ownership?
L1 Capital states that, in submitting this Form 4, it does not admit it is obligated to file ownership reports under the Securities Exchange Act of 1934, asserting it is exempt under Rule 16a-2.