Hood River discloses 4.71% Ondas (ONDS) stake in 13G amendment

Rhea-AI Filing Summary

Hood River Capital Management LLC has filed an amended Schedule 13G reporting its beneficial ownership of Ondas Inc. common stock. As of 12/31/2025, it beneficially owned 17,357,213 shares, representing 4.71% of the outstanding common stock. Hood River reports no voting power over these shares but has sole power to dispose of them. It also confirms the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Ondas.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Ondas Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

68236H204

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 68236H204

1

Names of Reporting Persons

Hood River Capital Management LLC

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 17,357,213.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,357,213.00

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)

4.71 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ondas Inc.
(b)	Address of issuer's principal executive offices: 222 Lakeview Avenue, Suite 800, West Palm Beach, FL, 33401
Item 2.
(a)	Name of person filing: Hood River Capital Management LLC
(b)	Address or principal business office or, if none, residence: 2373 PGA Blvd., Suite 200, Palm Beach Gardens, FL 33410
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 68236H204
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: 17,357,213
(b)	Percent of class: 4.71 %
(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: 0
	(iii) Sole power to dispose or to direct the disposition of: 17,357,213
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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 acquired and are held in the ordinary course of business and 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.replace the text here.

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.

Hood River Capital Management LLC

Signature:	/s/ Robert Schmaltz
Name/Title:	CCO, COO
Date:	02/03/2026

FAQ

What stake does Hood River Capital hold in Ondas (ONDS)?

Hood River Capital Management LLC reports beneficial ownership of 17,357,213 Ondas common shares, equal to 4.71% of the class as of December 31, 2025. This reflects its reported economic interest in Ondas Inc.

Does Hood River Capital have voting power over its Ondas (ONDS) shares?

Hood River reports no sole or shared voting power over Ondas shares. It discloses sole dispositive power over 17,357,213 shares, meaning it can decide when to sell, but does not control how the shares are voted.

Why did Hood River file an amended Schedule 13G for Ondas (ONDS)?

The amendment updates Hood River’s beneficial ownership information for Ondas Inc. As of December 31, 2025, it reports holding 4.71% of the common stock and indicates the investment is held in the ordinary course of business on a passive basis.

Is Hood River Capital trying to influence control of Ondas (ONDS)?

Hood River certifies the Ondas position was acquired and held in the ordinary course of business and not for the purpose or effect of changing or influencing control, consistent with a passive Schedule 13G filing status.

What type of investor is Hood River Capital in relation to Ondas (ONDS)?

Hood River Capital Management LLC identifies itself as an investment adviser eligible to file on Schedule 13G. It reports beneficial ownership and dispositive power over 17,357,213 Ondas shares, while stating the position is held passively.

Who signed the Hood River Capital ownership report for Ondas (ONDS)?

The amended Schedule 13G is signed by Robert Schmaltz, identified as CCO, COO of Hood River Capital Management LLC, dated February 3, 2026, certifying the accuracy and completeness of the ownership information provided.