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Eltek major holder reports 62.7% stake

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

ELTEK LTD (ELTK) received an amended Schedule 13D (Amendment No. 10) reporting that Nistec Golan Ltd., controlled by Yitzhak Nissan, beneficially owns 4,047,659 Ordinary Shares, representing 60.23% of the company’s Ordinary Shares outstanding as of June 30, 2026. Mr. Nissan himself beneficially owns 4,212,882 Ordinary Shares, or 62.68%, including 165,223 shares held directly and the shares held through Nistec Golan. The filing states that the shares were originally acquired for investment purposes using personal funds and lists a series of market purchases between July 14 and September 15, 2026 at prices generally between about $7.97 and $9.41 per share.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment reports Nissan’s 62.68% beneficial stake, a disclosed majority position, while recording share acquisitions through September 15.

This amended Schedule 13D reports ownership and acquisitions by Nistec Golan Ltd. and Yitzhak Nissan, with the filing signed on 2026-09-15. Nissan’s reported beneficial ownership is 62.68% of Eltek’s outstanding ordinary shares, a disclosed majority position affecting the voting and disposition structure for existing holders.

Schedule 13D filings disclose ownership above 5%; the 13D form is used when the holder may seek to influence control, while this filing states that the shares were originally acquired for investment purposes. Nissan controls Nistec Golan, and Item 6 states that no contracts, arrangements, understandings, or relationships concerning the securities are applicable.

The filing records acquisitions through 2026-09-15, including 900 shares on that date and two 2026-09-14 entries for 169,357 shares at $9.00 and 60,433 shares at $8.98.

Future Schedule 13D amendments are the relevant disclosure path for changes in the reported stake or stated intent.

Nistec Golan beneficial ownership 4,047,659 Ordinary Shares Beneficially owned by Nistec Golan Ltd., representing 60.23% of ELTEK LTD
Nistec Golan ownership percentage 60.23% Percentage of ELTEK LTD Ordinary Shares beneficially owned by Nistec Golan
Yitzhak Nissan beneficial ownership 4,212,882 Ordinary Shares Total Ordinary Shares of ELTEK LTD beneficially owned by Yitzhak Nissan
Yitzhak Nissan ownership percentage 62.68% Percentage of ELTEK LTD Ordinary Shares beneficially owned by Yitzhak Nissan
Direct shares held by Yitzhak Nissan 165,223 Ordinary Shares Ordinary Shares of ELTEK LTD held directly by Yitzhak Nissan
Shares outstanding 6,720,827 Ordinary Shares ELTEK LTD Ordinary Shares outstanding as of June 30, 2026
Large purchase on September 14, 2026 169,357 shares at $9.00 per share Ordinary Shares of ELTEK LTD acquired in a single trade on September 14, 2026
Additional purchase on September 14, 2026 60,433 shares at $8.98 per share Ordinary Shares of ELTEK LTD acquired in another trade on September 14, 2026
beneficially owns financial
"Nistec Golan beneficially owns approximately 60.23% of the Issuer's Ordinary Shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Sole Voting Power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Voting Power"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Shared Dispositive Power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: Shared Dispositive Power"
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13D"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Ordinary Shares financial
"Title of Class of Securities: Ordinary Shares, nominal value NIS 3.0 per share"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of ELTK does Nistec Golan Ltd. currently beneficially own?

Nistec Golan Ltd. beneficially owns 4,047,659 Ordinary Shares of ELTEK LTD, representing 60.23% of the company’s Ordinary Shares outstanding, based on 6,720,827 shares outstanding as of June 30, 2026.

What is Yitzhak Nissan’s total beneficial ownership in ELTK according to this Schedule 13D/A?

Yitzhak Nissan beneficially owns 4,212,882 Ordinary Shares of ELTEK LTD, or 62.68% of the outstanding Ordinary Shares. This includes 165,223 shares he holds directly plus shares held through Nistec Golan Ltd., which he controls.

How many ELTK shares are outstanding for the ownership percentages in this filing?

The ownership percentages are calculated based on 6,720,827 Ordinary Shares of ELTEK LTD outstanding as of June 30, 2026, as reported on a Form 6-K by the company.

What was the purpose and funding source of Nistec Golan’s and Nissan’s ELTK share acquisitions?

The filing states that Nistec Golan and Yitzhak Nissan originally acquired the ELTEK LTD Ordinary Shares for investment purposes, and that the source of funds or other consideration was personal funds.

What recent ELTK share purchases by Yitzhak Nissan or Nistec Golan are disclosed?

The filing lists numerous purchases between July 14 and September 15, 2026, including 169,357 shares at $9.00 per share and 60,433 shares at $8.98 per share on September 14, 2026, along with many smaller daily purchases around $8–$9 per share.

Does Yitzhak Nissan hold any ELTK shares directly, separate from Nistec Golan?

Yes. Yitzhak Nissan individually owns 165,223 Ordinary Shares of ELTEK LTD directly, which represent approximately 2.46% of the company’s outstanding Ordinary Shares as of the referenced date.

What voting power does Yitzhak Nissan have over ELTK shares reported in the Schedule 13D/A?

The filing states that Yitzhak Nissan may be deemed to possess sole or shared power to vote or direct the vote of 4,212,882 Ordinary Shares of ELTEK LTD, reflecting his direct holdings and his control of Nistec Golan Ltd.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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M40184208

(CUSIP Number)
Ron Freund
20 Ben Zion St.,
Petach-Tikva, L3, 4927920
972-3-9395023

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/14/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Based on 6,720,827 Ordinary Shares outstanding as of June 30, 2026 as reported on Form 6-K by the Issuer


SCHEDULE 13D




Comment for Type of Reporting Person:
Based on 6,720,827 Ordinary Shares outstanding as of June 30, 2026 as reported on Form 6-K by the Issuer


SCHEDULE 13D


Nistec Golan Ltd.
Signature:/S/ Yitzhak Nissan
Name/Title:Nistec Golan Ltd.
Date:09/15/2026
Nissan Yitzhak
Signature:/S/ Yitzhak Nissan
Name/Title:Yitzhak Nissan
Date:09/15/2026

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