[Form 4] Envoy Medical, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Legal & General Group Plc and four affiliated asset-management entities have filed Amendment No. 1 to Schedule 13G, disclosing a 6.7 % passive ownership stake in Mitek Systems, Inc. (MITK) as of 31 December 2023. The group reports 3,045,287 common shares with shared voting power (3,029,891 shares) and shared dispositive power (3,045,287 shares); no sole voting or dispositive authority is held. The stake is spread across U.K., Irish and U.S. subsidiaries—Legal & General Investment Management Ltd, LGIM Managers (Europe) Ltd, Legal & General UCITS ETF Plc and Legal & General Investment Management America Inc.—all classified as financial institutions under Rule 13d-1(b).

The filing confirms that Legal & General’s interest is passive (Schedule 13G), signalling no current intent to influence control. Nonetheless, the disclosure highlights continued institutional confidence in MITK’s digital-identity and mobile-deposit technology franchise. No additional corporate actions, earnings data or transactional details are included.

Positive

• Legal & General Group discloses a 6.7 % stake (3.05 M shares) in MITK, increasing institutional ownership and potentially enhancing share-price support.

Negative

• None.

Insights

Financial Analyst

TL;DR: Large passive investor now owns 6.7 % of MITK; credibility boost but no activist signal.

This 13G/A indicates that Legal & General, a top-tier global asset manager, has accumulated just over 3.0 million MITK shares. The stake marginally exceeds the 5 % disclosure threshold, placing Legal & General among MITK’s largest shareholders. Because the filing is under Rule 13d-1(b), the ownership is deemed passive, suggesting no near-term governance agenda. For investors, the key takeaway is enhanced institutional sponsorship, which can bolster liquidity and share-price stability. However, without an activist posture, the filing does not alter MITK’s strategic outlook or fundamentals.

Portfolio Manager

TL;DR: Added blue-chip holder improves MITK shareholder mix; modest positive for valuation support.

From a portfolio-construction view, the entrance—or confirmation—of Legal & General’s 6-plus-percent position provides incremental downside protection through a stickier, institutionally diversified register. While passive, such holdings often correlate with lower volatility and can attract additional index-oriented flows. That said, absent activism, the impact on future catalysts is limited; the position mainly influences float dynamics rather than corporate direction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TAYLOR GLEN A

(Last) (First) (Middle)

C/O 4875 WHITE BEAR PARKWAY

(Street)

WHITE BEAR LAKE MN 55110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Envoy Medical, Inc. [ COCH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								2,953,607	D
Class A Common Stock								2,526,058	I	By Taylor Sports Group(1)
Class A Common Stock								4,810,384	I	By GAT Funding, LLC(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Preferred Stock	$11.5							(3)	(3)	Class A Common Stock	869,565		1,000,000	I	GAT Funding, LLC(2)
Warrant (right to buy)	$1.24							02/27/2024	02/27/2026	Class A Common Stock	500,000		500,000	I	GAT Funding, LLC(2)
Warrant (right to buy)	$3.04							05/23/2024	02/27/2026	Class A Common Stock	250,000		250,000	I	GAT Funding, LLC(2)
Warrant (right to buy)	$2.25							07/22/2024	02/27/2026	Class A Common Stock	250,000		250,000	I	GAT Funding, LLC(2)
Warrant (right to buy)	$2.97							08/27/2024	08/27/2026	Class A Common Stock	500,000		500,000	I	GAT Funding, LLC(2)
Warrant (right to buy)	$2.2							12/11/2024	08/27/2026	Class A Common Stock	500,000		500,000	I	GAT Funding, LLC(2)
Warrant (right to buy)	$1.35							03/11/2025	03/11/2028	Class A Common Stock	750,000		750,000	I	GAT Funding, LLC(2)
Warrant (right to buy)	$1.48	06/26/2025		A		750,000(4)		06/26/2025	06/26/2027	Class A Common Stock	750,000	$0	750,000	I	GAT Funding, LLC(2)

Explanation of Responses:

1. The Reporting Person is the owner and chairman of Taylor Sports Group.

2. GAT Funding, LLC is an entity controlled by the Reporting Person.

3. Fully exercisable and there is no expiration date.

4. In connection with the promissory note issuance effective March 6, 2025 and the closing of the final funding on June 26, 2025, this warrant was issued to GAT Funding, LLC, as described in more detail in Item 1.01 of the Issuer's 8-K as filed with the SEC on July 2, 2025.

	/s/ Andrew Nick as Attorney-in-Fact for Glen A. Taylor pursuant to a Power of Attorney previously filed	07/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Mitek Systems (MITK) shares does Legal & General own?

The group reports 3,045,287 common shares, representing 6.7 % of MITK’s outstanding stock.

Is Legal & General’s stake in MITK passive or activist?

The filing is a Schedule 13G under Rule 13d-1(b), indicating a passive investment with no intent to influence control.

Which Legal & General entities hold the MITK shares?

Entities include Legal & General Group Plc, LGIM Ltd, LGIM Managers (Europe) Ltd, Legal & General UCITS ETF Plc and LGIM America Inc.

What voting power does Legal & General have over MITK shares?

The group reports shared voting power over 3,029,891 shares and no sole voting authority.

When was the beneficial ownership information effective?

The ownership figures are effective as of 31 December 2023 and were signed on 07 February 2025.