Harel Insurance (ETOR) discloses 5.4% Class A stake in eToro Group Ltd.

Rhea-AI Filing Summary

Harel Insurance Investments & Financial Services Ltd. reported beneficial ownership of 3,628,980 Class A common shares of eToro Group Ltd., representing 5.4% of the Class A shares outstanding. The filing states shared voting power and shared dispositive power over those shares, and notes 67,110,295 Class A common shares outstanding as of March 31, 2026.

The filing clarifies that 3,551,480 of the reported shares are held for the public through funds managed by subsidiaries that exercise independent voting and investment decisions, while 77,500 shares are held for Harel's own account. The statement is signed by a Harel Vice President on 04/27/2026.

Insights

Institutional Ownership Analyst

Large passive holding disclosed with shared control via fund management.

The Schedule 13G shows 3,628,980 shares held by Harel, equal to 5.4% of Class A as of March 31, 2026. Most shares (3,551,480) are held through funds managed by subsidiaries that the filer says exercise independent voting and investment discretion.

This structure means the public-facing funds, not Harel central management, likely direct voting. Subsequent filings or amendments could change the voting/ownership profile if subsidiaries consolidate authority or change holdings.

Corporate Governance Specialist

Disclosure emphasizes shared authority and limited direct beneficial ownership.

The filing explicitly states 77,500 shares are for Harel's own account and the remainder are held for clients via managed vehicles. That attribution affects how the position should be read for engagement or activism analysis.

Owners relying on voting influence should note the reported shared voting power; any change in voting arrangements would be material and appear in future Schedule 13 filings.

Key Figures

Shares reported beneficially owned: 3,628,980 shares Percent of Class A outstanding: 5.4% Class A shares outstanding: 67,110,295 shares

3 metrics

Shares reported beneficially owned 3,628,980 shares Amount reported by Harel on Schedule 13G

Percent of Class A outstanding 5.4% Calculated using 67,110,295 Class A shares outstanding as of March 31, 2026

Class A shares outstanding 67,110,295 shares As reported by the issuer for March 31, 2026

Key Terms

Schedule 13G, shared voting power, beneficially owned

3 terms

Schedule 13G regulatory

"Statement of beneficial ownership by institutional investor"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

shared voting power corporate

"Shared Voting Power 3,628,980.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

beneficially owned regulatory

"Amount beneficially owned: Of the 3,628,980 Class A common shares reported"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

eToro Group Ltd.

(Name of Issuer)

Class A common shares, no par value

(Title of Class of Securities)

G32089107

(CUSIP Number)

04/21/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G32089107

1

Names of Reporting Persons

Harel Insurance Investments & Financial Services Ltd.

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

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,628,980.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,628,980.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,628,980.00

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)

5.4 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: With regard to Rows (6), (8) and (9), please see Item 4. Row (11) is based on 67,110,295 Class A common shares issued and outstanding as of March 31, 2026 (as reported by the Issuer in Exhibit 99.1 to its Report on Form 6-K filed with the Securities and Exchange Commission on April 21, 2026).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: eToro Group Ltd.
(b)	Address of issuer's principal executive offices: 30 Sheshet Hayamim Street, Bnei Brak, Israel, 5120261
Item 2.
(a)	Name of person filing: Harel Insurance Investments & Financial Services Ltd.
(b)	Address or principal business office or, if none, residence: 3 Aba Hillel Street, Ramat Gan 52118, Israel
(c)	Citizenship: Israel
(d)	Title of class of securities: Class A common shares, no par value
(e)	CUSIP Number(s): G32089107
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: Of the 3,628,980 Class A common shares reported in this Statement as beneficially owned by the Reporting Person, (i) 3,551,480 Class A common shares are held for members of the public through, among others, provident funds and/or mutual funds and/or pension funds and/or insurance policies and/or exchange traded funds, which are managed by subsidiaries of the Reporting Person, each of which subsidiaries operates under independent management and makes independent voting and investment decisions, and (ii) 77,500 Class A common shares are beneficially held for its own account. Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of more than 77,500 Class A common shares covered by this Statement.
(b)	Percent of class: See Row (11) of the cover page of the Reporting Person above.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: See Row (6) of the cover page of the Reporting Person above and note in Item 4 above.
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: See Row (8) of the cover page of the Reporting Person above and note in Item 4 above.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

Harel Insurance Investments & Financial Services Ltd.

Signature:	/s/ Alon Kaufman
Name/Title:	Alon Kaufman/Vice President
Date:	04/27/2026

FAQ

What stake does Harel Insurance (ETOR) report in eToro Group Ltd.?

Harel reports beneficial ownership of 3,628,980 Class A shares, representing 5.4% of Class A common shares. This percentage is based on 67,110,295 Class A shares outstanding as of March 31, 2026, per the filing.

How much of Harel's reported holding is owned for its own account?

Harel holds 77,500 Class A shares for its own account. The filing states the remaining 3,551,480 shares are held for public clients through funds managed by subsidiaries.

Does Harel have sole voting control over the shares it reports?

No. The filing reports 0 sole voting power and 3,628,980 shared voting power. It indicates voting and investment decisions for most shares are made by independently managed subsidiaries.

What is the filing date and form for this disclosure?

The disclosure is a Schedule 13G signed by a Harel Vice President on 04/27/2026. It cites issuer data as of March 31, 2026 in the cover-page note.

Will this Schedule 13G trigger immediate changes to eToro governance?

No immediate governance change is indicated. The filing reports ownership and shared voting power; any governance impact would depend on future voting actions or changes in voting authority.