STOCK TITAN

[SCHEDULE 13G] eToro Group Ltd. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary

Amendment No. 8 to Schedule 13D: Husband-and-wife investors Vladimir and Angelica Galkin report beneficial ownership of 3,388,888 Newegg Commerce (NEGG) common shares, equal to 17.4 % of the 19,478,394 shares outstanding (Form 20-F, 12/31/24).

The shares are held in a joint account with shared voting and dispositive power; no shares are held on margin or pledged. 2,222,222 shares were transferred on 7/10/25 from the Galkin Revocable Trust to the joint account, after which the Galkins purchased an additional 1,166,666 shares. Gross outlay for all purchases totals $63.47 million (3,550,162 shares); gross proceeds of $2.39 million were received from the sale of 161,274 shares, leaving the net 3,388,888-share position.

No other person has the right to dividends or sale proceeds, and the filing lists no material contracts beyond the joint-filing agreement. The sizeable 17 % stake positions the Galkins among the largest outside shareholders and could provide them meaningful influence over corporate actions.

Emendamento n. 8 al Schedule 13D: Gli investitori coniugi Vladimir e Angelica Galkin dichiarano la proprietà effettiva di 3.388.888 azioni ordinarie Newegg Commerce (NEGG), pari al 17,4% delle 19.478.394 azioni in circolazione (Modulo 20-F, 31/12/24).

Le azioni sono detenute in un conto congiunto con diritto di voto e potere dispositivi condivisi; nessuna azione è detenuta a margine o data in garanzia. Il 10/07/25 sono state trasferite 2.222.222 azioni dal Galkin Revocable Trust al conto congiunto, dopo di che i Galkin hanno acquistato ulteriori 1.166.666 azioni. La spesa lorda per tutti gli acquisti ammonta a 63,47 milioni di dollari (3.550.162 azioni); i proventi lordi di 2,39 milioni di dollari derivano dalla vendita di 161.274 azioni, lasciando la posizione netta di 3.388.888 azioni.

Nessun'altra persona ha diritto ai dividendi o ai proventi della vendita, e la dichiarazione non elenca contratti rilevanti oltre all'accordo di deposito congiunto. La consistente partecipazione del 17% colloca i Galkin tra i maggiori azionisti esterni e potrebbe garantirgli un'influenza significativa sulle decisioni societarie.

Enmienda n.º 8 al Schedule 13D: Los inversores matrimoniales Vladimir y Angelica Galkin reportan la propiedad beneficiaria de 3.388.888 acciones comunes de Newegg Commerce (NEGG), equivalentes al 17,4% de las 19.478.394 acciones en circulación (Formulario 20-F, 31/12/24).

Las acciones están en una cuenta conjunta con poder compartido de voto y disposición; no hay acciones en margen ni pignoradas. El 10/07/25 se transfirieron 2.222.222 acciones del Galkin Revocable Trust a la cuenta conjunta, tras lo cual los Galkin compraron 1.166.666 acciones adicionales. El desembolso bruto total por todas las compras es de 63,47 millones de dólares (3.550.162 acciones); se recibieron ingresos brutos de 2,39 millones de dólares por la venta de 161.274 acciones, dejando la posición neta de 3.388.888 acciones.

Ninguna otra persona tiene derecho a dividendos o ingresos por venta, y la presentación no lista contratos materiales más allá del acuerdo de presentación conjunta. La considerable participación del 17% posiciona a los Galkin entre los mayores accionistas externos y podría otorgarles una influencia significativa en las acciones corporativas.

스케줄 13D 수정안 8호: 부부 투자자 블라디미르와 안젤리카 갈킨3,388,888주 Newegg Commerce (NEGG) 보통주에 대한 실질 소유권을 보고하며, 이는 총 19,478,394주 중 17.4%에 해당합니다 (Form 20-F, 24년 12월 31일 기준).

주식은 공동 계좌에서 공동 의결권 및 처분권으로 보유되고 있으며, 담보 대출이나 담보 설정된 주식은 없습니다. 25년 7월 10일에 2,222,222주가 갈킨 가역 신탁에서 공동 계좌로 이전되었고, 이후 갈킨 부부는 추가로 1,166,666주를 매수했습니다. 모든 매수에 대한 총 지출액은 6,347만 달러(3,550,162주)이며, 161,274주 매도로 239만 달러의 총 수익을 얻어 순 보유 주식은 3,388,888주입니다.

다른 누구도 배당금이나 매각 수익에 대한 권리가 없으며, 제출 서류에는 공동 제출 계약 외에 중요한 계약이 명시되어 있지 않습니다. 17%에 달하는 상당한 지분은 갈킨 부부를 주요 외부 주주 중 하나로 자리매김하게 하며, 기업 활동에 실질적인 영향력을 행사할 수 있게 합니다.

Amendement n° 8 au Schedule 13D : Les investisseurs mariés Vladimir et Angelica Galkin déclarent la propriété bénéficiaire de 3 388 888 actions ordinaires Newegg Commerce (NEGG), soit 17,4 % des 19 478 394 actions en circulation (Formulaire 20-F, 31/12/24).

Les actions sont détenues sur un compte joint avec pouvoirs de vote et de disposition partagés ; aucune action n’est détenue en marge ni mise en garantie. Le 10/07/25, 2 222 222 actions ont été transférées du Galkin Revocable Trust au compte joint, après quoi les Galkin ont acheté 1 166 666 actions supplémentaires. Le montant brut engagé pour tous les achats s’élève à 63,47 millions de dollars (3 550 162 actions) ; les produits bruts de 2,39 millions de dollars proviennent de la vente de 161 274 actions, ce qui laisse une position nette de 3 388 888 actions.

Aucune autre personne ne détient de droits sur les dividendes ou les produits de la vente, et le dépôt ne mentionne aucun contrat important en dehors de l’accord de dépôt conjoint. La participation importante de 17 % place les Galkin parmi les plus grands actionnaires externes et pourrait leur conférer une influence significative sur les décisions de l’entreprise.

Änderung Nr. 8 zu Schedule 13D: Die Eheleute Vladimir und Angelica Galkin geben den wirtschaftlichen Besitz von 3.388.888 Newegg Commerce (NEGG) Stammaktien an, was 17,4 % von insgesamt 19.478.394 ausstehenden Aktien entspricht (Formular 20-F, 31.12.24).

Die Aktien werden auf einem Gemeinschaftskonto mit gemeinsamem Stimm- und Verfügungsrecht gehalten; keine Aktien sind auf Margin oder verpfändet. Am 10.07.25 wurden 2.222.222 Aktien vom Galkin Revocable Trust auf das Gemeinschaftskonto übertragen, danach kauften die Galkins weitere 1.166.666 Aktien. Die Bruttoausgaben für alle Käufe belaufen sich auf 63,47 Millionen US-Dollar (3.550.162 Aktien); aus dem Verkauf von 161.274 Aktien wurden Bruttoerlöse von 2,39 Millionen US-Dollar erzielt, sodass die Nettoposition 3.388.888 Aktien beträgt.

Keine andere Person hat Anspruch auf Dividenden oder Verkaufserlöse, und die Meldung nennt keine wesentlichen Verträge über die gemeinsame Einreichungsvereinbarung hinaus. Die beträchtliche Beteiligung von 17 % positioniert die Galkins unter den größten externen Aktionären und könnte ihnen erheblichen Einfluss auf Unternehmensentscheidungen verschaffen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Galkins confirm 17.4 % NEGG stake; cash-financed, unpledged, signalling long-term conviction but no immediate catalyst.

The amendment largely formalises information already indicated in prior filings. Maintaining a 17 % position without leverage removes forced-sale risk and suggests strong balance-sheet capacity. However, the couple also trimmed 161 k shares, so buying momentum is not accelerating. Because no governance agenda or board nominations are disclosed, the update is informational rather than catalytic. I view the impact as neutral for valuation until an active campaign or further accumulation emerges.

TL;DR: Concentrated 17 % ownership enhances potential shareholder oversight—positive for governance optics.

With nearly a fifth of NEGG’s equity, the Galkins can materially influence proxy outcomes and strategic direction should they choose. The absence of pledges reduces contagion risk from margin calls. While no activist language appears, history shows holders above 10 % often engage when value gaps persist. Their continued net buying since July underscores commitment. From a governance perspective the filing modestly strengthens minority investors’ leverage against entrenched management, hence a slightly positive tilt.

Emendamento n. 8 al Schedule 13D: Gli investitori coniugi Vladimir e Angelica Galkin dichiarano la proprietà effettiva di 3.388.888 azioni ordinarie Newegg Commerce (NEGG), pari al 17,4% delle 19.478.394 azioni in circolazione (Modulo 20-F, 31/12/24).

Le azioni sono detenute in un conto congiunto con diritto di voto e potere dispositivi condivisi; nessuna azione è detenuta a margine o data in garanzia. Il 10/07/25 sono state trasferite 2.222.222 azioni dal Galkin Revocable Trust al conto congiunto, dopo di che i Galkin hanno acquistato ulteriori 1.166.666 azioni. La spesa lorda per tutti gli acquisti ammonta a 63,47 milioni di dollari (3.550.162 azioni); i proventi lordi di 2,39 milioni di dollari derivano dalla vendita di 161.274 azioni, lasciando la posizione netta di 3.388.888 azioni.

Nessun'altra persona ha diritto ai dividendi o ai proventi della vendita, e la dichiarazione non elenca contratti rilevanti oltre all'accordo di deposito congiunto. La consistente partecipazione del 17% colloca i Galkin tra i maggiori azionisti esterni e potrebbe garantirgli un'influenza significativa sulle decisioni societarie.

Enmienda n.º 8 al Schedule 13D: Los inversores matrimoniales Vladimir y Angelica Galkin reportan la propiedad beneficiaria de 3.388.888 acciones comunes de Newegg Commerce (NEGG), equivalentes al 17,4% de las 19.478.394 acciones en circulación (Formulario 20-F, 31/12/24).

Las acciones están en una cuenta conjunta con poder compartido de voto y disposición; no hay acciones en margen ni pignoradas. El 10/07/25 se transfirieron 2.222.222 acciones del Galkin Revocable Trust a la cuenta conjunta, tras lo cual los Galkin compraron 1.166.666 acciones adicionales. El desembolso bruto total por todas las compras es de 63,47 millones de dólares (3.550.162 acciones); se recibieron ingresos brutos de 2,39 millones de dólares por la venta de 161.274 acciones, dejando la posición neta de 3.388.888 acciones.

Ninguna otra persona tiene derecho a dividendos o ingresos por venta, y la presentación no lista contratos materiales más allá del acuerdo de presentación conjunta. La considerable participación del 17% posiciona a los Galkin entre los mayores accionistas externos y podría otorgarles una influencia significativa en las acciones corporativas.

스케줄 13D 수정안 8호: 부부 투자자 블라디미르와 안젤리카 갈킨3,388,888주 Newegg Commerce (NEGG) 보통주에 대한 실질 소유권을 보고하며, 이는 총 19,478,394주 중 17.4%에 해당합니다 (Form 20-F, 24년 12월 31일 기준).

주식은 공동 계좌에서 공동 의결권 및 처분권으로 보유되고 있으며, 담보 대출이나 담보 설정된 주식은 없습니다. 25년 7월 10일에 2,222,222주가 갈킨 가역 신탁에서 공동 계좌로 이전되었고, 이후 갈킨 부부는 추가로 1,166,666주를 매수했습니다. 모든 매수에 대한 총 지출액은 6,347만 달러(3,550,162주)이며, 161,274주 매도로 239만 달러의 총 수익을 얻어 순 보유 주식은 3,388,888주입니다.

다른 누구도 배당금이나 매각 수익에 대한 권리가 없으며, 제출 서류에는 공동 제출 계약 외에 중요한 계약이 명시되어 있지 않습니다. 17%에 달하는 상당한 지분은 갈킨 부부를 주요 외부 주주 중 하나로 자리매김하게 하며, 기업 활동에 실질적인 영향력을 행사할 수 있게 합니다.

Amendement n° 8 au Schedule 13D : Les investisseurs mariés Vladimir et Angelica Galkin déclarent la propriété bénéficiaire de 3 388 888 actions ordinaires Newegg Commerce (NEGG), soit 17,4 % des 19 478 394 actions en circulation (Formulaire 20-F, 31/12/24).

Les actions sont détenues sur un compte joint avec pouvoirs de vote et de disposition partagés ; aucune action n’est détenue en marge ni mise en garantie. Le 10/07/25, 2 222 222 actions ont été transférées du Galkin Revocable Trust au compte joint, après quoi les Galkin ont acheté 1 166 666 actions supplémentaires. Le montant brut engagé pour tous les achats s’élève à 63,47 millions de dollars (3 550 162 actions) ; les produits bruts de 2,39 millions de dollars proviennent de la vente de 161 274 actions, ce qui laisse une position nette de 3 388 888 actions.

Aucune autre personne ne détient de droits sur les dividendes ou les produits de la vente, et le dépôt ne mentionne aucun contrat important en dehors de l’accord de dépôt conjoint. La participation importante de 17 % place les Galkin parmi les plus grands actionnaires externes et pourrait leur conférer une influence significative sur les décisions de l’entreprise.

Änderung Nr. 8 zu Schedule 13D: Die Eheleute Vladimir und Angelica Galkin geben den wirtschaftlichen Besitz von 3.388.888 Newegg Commerce (NEGG) Stammaktien an, was 17,4 % von insgesamt 19.478.394 ausstehenden Aktien entspricht (Formular 20-F, 31.12.24).

Die Aktien werden auf einem Gemeinschaftskonto mit gemeinsamem Stimm- und Verfügungsrecht gehalten; keine Aktien sind auf Margin oder verpfändet. Am 10.07.25 wurden 2.222.222 Aktien vom Galkin Revocable Trust auf das Gemeinschaftskonto übertragen, danach kauften die Galkins weitere 1.166.666 Aktien. Die Bruttoausgaben für alle Käufe belaufen sich auf 63,47 Millionen US-Dollar (3.550.162 Aktien); aus dem Verkauf von 161.274 Aktien wurden Bruttoerlöse von 2,39 Millionen US-Dollar erzielt, sodass die Nettoposition 3.388.888 Aktien beträgt.

Keine andere Person hat Anspruch auf Dividenden oder Verkaufserlöse, und die Meldung nennt keine wesentlichen Verträge über die gemeinsame Einreichungsvereinbarung hinaus. Die beträchtliche Beteiligung von 17 % positioniert die Galkins unter den größten externen Aktionären und könnte ihnen erheblichen Einfluss auf Unternehmensentscheidungen verschaffen.






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




Comment for Type of Reporting Person: All shares are held of record by SPC (as defined in Item 2(a) below) and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC (as defined in Item 2(a) below); CVCC is the wholly owned subsidiary of CVFI (as defined in Item 2(a) below); and CVFI is the wholly owned subsidiary of CVFH (as defined in Item 2(a) below). Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in its prospectus filed with the Securities and Exchange Commission (the "Commission") on May 15, 2025 (the "Prospectus"), plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.


SCHEDULE 13G




Comment for Type of Reporting Person: All shares are held of record by SPC and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC; CVCC is the wholly owned subsidiary of CVFI; and CVFI is the wholly owned subsidiary of CVFH. Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in the Prospectus, plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.


SCHEDULE 13G




Comment for Type of Reporting Person: All shares are held of record by SPC and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC; CVCC is the wholly owned subsidiary of CVFI; and CVFI is the wholly owned subsidiary of CVFH. Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in the Prospectus, plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.


SCHEDULE 13G




Comment for Type of Reporting Person: All shares are held of record by SPC and consists of (i) 2,029,077 Class A common shares and (ii) 2,392,876 Class A common shares issuable upon conversion of Class B common shares. SPC is the wholly owned subsidiary of CVCC; CVCC is the wholly owned subsidiary of CVFI; and CVFI is the wholly owned subsidiary of CVFH. Each of SPC, CVCC, CVFI and CVFH may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 49,613,742 shares outstanding, comprised of (i) 47,220,866 Class A common shares outstanding as of May 14, 2025, as reported by the Issuer in the Prospectus, plus (ii) an aggregate of 2,392,876 Class A common shares issuable upon conversion of Class B common shares held of record by the SPC.


SCHEDULE 13G



China Vered Financial Holding Corporation Limited
Signature:/s/ Xie Fang
Name/Title:Xie Fang, Director
Date:08/04/2025
China Vered Financial Investment Management Limited
Signature:/s/ Xie Fang
Name/Title:Xie Fang, Director
Date:08/04/2025
China Vered Capital (Cayman) Limited
Signature:/s/ Xie Fang
Name/Title:Xie Fang, Director
Date:08/04/2025
CM SPC acting on behalf of CM Equities SP
Signature:/s/ Xie Fang
Name/Title:Xie Fang, Director
Date:08/04/2025
Exhibit Information

99.1 Joint Filing Agreement

eToro Group Ltd.

NASDAQ:ETOR

ETOR Rankings

ETOR Latest News

ETOR Latest SEC Filings

ETOR Stock Data

4.85B
5.00M
18.7%
23.32%
1.24%
Capital Markets
Financial Services
Link
Israel
Bnei Brak