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Ondas Inc. (ONDS) is the issuer whose common stock is the subject of a Schedule 13G reporting 36,971,898 beneficially owned shares, or 5.9%. Laurence E. Hirsch, Highlander Partners GP, LLC, Highlander Partners, L.P. and Highlander Partners Defense, LLC each report shared voting and dispositive power over this amount through the disclosed management chain.
The shares comprise 35,491,066 issuable to Highlander Partners Defense and 1,480,832 issuable to Dzyne Management Holdings, LLC, with delivery scheduled for January 4, 2027 under the Unit Purchase Agreement dated July 2, 2026. Dzyne separately reports 1,480,832 shares, or 0.25%. The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interests.
Key Figures
Beneficially owned shares reported by Hirsch and three Highlander entities:36,971,898 sharesShares issuable to Highlander Partners Defense:35,491,066 sharesShares issuable to Dzyne Management Holdings:1,480,832 shares+5 more
8 metrics
Beneficially owned shares reported by Hirsch and three Highlander entities36,971,898 sharesReported with shared voting and dispositive power; 5.9% of the class
Shares issuable to Highlander Partners Defense35,491,066 sharesScheduled for delivery January 4, 2027 under the Unit Purchase Agreement
Shares issuable to Dzyne Management Holdings1,480,832 sharesScheduled for delivery January 4, 2027; reported as 0.25% of the class
Ownership calculation share base590,124,144 sharesStated basis for the ownership percentages, including shares issuable to or attributable to each reporting person
Shares outstanding582,302,699 sharesAs of September 22, 2026
Shares issued7,821,445 sharesIssued September 23, 2026; included in the stated ownership calculation base
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerregulatory
"Shared voting power: 36,971,898"
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.
shared dispositive powerregulatory
"Shared dispositive power: 36,971,898"
Rule 13d-3(d)(1)(i)regulatory
"reported as beneficially owned pursuant to Rule 13d-3(d)(1)(i)"
Unit Purchase Agreementtechnical
"pursuant to that certain Unit Purchase Agreement"
A unit purchase agreement is a contract that sets the terms for buying “units” offered in a securities deal, where each unit bundles two or more pieces such as a share and a warrant or debt plus equity. It spells out price, number of units, what each unit contains, closing conditions and investor rights. For investors it matters because it defines exactly what they are buying and the legal steps required before ownership and any attached rights take effect, like an itemized receipt for a bundled financial purchase.
pecuniary interestregulatory
"except to the extent of its pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When are the ONDS shares reported in the Schedule 13G scheduled to be delivered?
The shares are scheduled for delivery on January 4, 2027 under a Unit Purchase Agreement dated July 2, 2026. The agreement names Ondas Inc., High Point UAS, LLC, Highlander Partners Defense, LLC, Dzyne Management Holdings, LLC and High Flight Corporation; Highlander Partners Defense is also named as seller representative.
What share count was used to calculate the ONDS ownership percentages?
The stated calculation base is 590,124,144 shares of Ondas common stock. It comprises 582,302,699 shares outstanding as of September 22, 2026, after giving effect to 7,821,445 shares issued on September 23, 2026; the calculation also includes shares issuable to or attributable to each reporting person.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Ondas Inc.
(Name of Issuer)
Common Stock, par value $0.0001
(Title of Class of Securities)
68236H204
(CUSIP Number)
11/05/2026
(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):
68236H204
1
Names of Reporting Persons
Laurence E. Hirsch
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
36,971,898.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
36,971,898.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
36,971,898.00
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)
5.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Comprised of 35,491,066 shares of Common Stock issuable to Highlander Partners Defense, LLC ("Highlander Defense") and 1,480,832 shares of Common Stock issuable to Dzyne Management Holdings, LLC ("Dzyne Management"), in each case, on January 4, 2027, pursuant to that certain Unit Purchase Agreement, by and among the Issuer, High Point UAS, LLC, Highlander Defense, Dzyne Management, High Flight Corporation and Highlander Defense, in its capacity as the seller representative, dated July 2, 2026 (the "Unit Purchase Agreement"). Highlander Defense is the manager of Dzyne Management, Highlander Partners, L.P. ("Highlander LP") is the manager of Highlander Defense, Highlander Partners GP, LLC ("Highlander GP") is the general partner of Highlander LP, and Laurence E. Hirsch is the manager of Highlander GP. These shares are reported as beneficially owned pursuant to Rule 13d-3(d)(1)(i) because the scheduled delivery date falls within 60 days of November 5, 2026. Each Reporting Person disclaims beneficial ownership of the shares described above except to the extent of his or its pecuniary interest therein.
SCHEDULE 13G
CUSIP Number(s):
68236H204
1
Names of Reporting Persons
Highlander Partners GP, 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
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
36,971,898.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
36,971,898.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
36,971,898.00
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)
5.9 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Comprised of 35,491,066 shares of Common Stock issuable to Highlander Defense and 1,480,832 shares of Common Stock issuable to Dzyne Management, in each case, on January 4, 2027, pursuant to the Unit Purchase Agreement. Highlander Defense is the manager of Dzyne Management, Highlander LP is the manager of Highlander Defense, and Highlander GP is the general partner of Highlander LP. These shares are reported as beneficially owned pursuant to Rule 13d-3(d)(1)(i) because the scheduled delivery date falls within 60 days of November 5, 2026. Each Reporting Person disclaims beneficial ownership of the shares described above except to the extent of its pecuniary interest therein.
SCHEDULE 13G
CUSIP Number(s):
68236H204
1
Names of Reporting Persons
Highlander Partners, L.P.
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
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
36,971,898.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
36,971,898.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
36,971,898.00
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)
5.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Comprised of 35,491,066 shares of Common Stock issuable to Highlander Defense and 1,480,832 shares of Common Stock issuable to Dzyne Management, in each case, on January 4, 2027, pursuant to the Unit Purchase Agreement. Highlander Defense is the manager of Dzyne Management, and Highlander LP is the manager of Highlander Defense. These shares are reported as beneficially owned pursuant to Rule 13d-3(d)(1)(i) because the scheduled delivery date falls within 60 days of November 5, 2026. Each Reporting Person disclaims beneficial ownership of the shares described above except to the extent of its pecuniary interest therein.
SCHEDULE 13G
CUSIP Number(s):
68236H204
1
Names of Reporting Persons
Highlander Partners Defense, 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
36,971,898.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
36,971,898.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
36,971,898.00
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)
5.9 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Comprised of 35,491,066 shares of Common Stock issuable to Highlander Defense and 1,480,832 shares of Common Stock issuable to Dzyne Management, in each case, on January 4, 2027, pursuant to the Unit Purchase Agreement. Highlander Defense is the manager of Dzyne Management. These shares are reported as beneficially owned pursuant to Rule 13d-3(d)(1)(i) because the scheduled delivery date falls within 60 days of November 5, 2026. Each Reporting Person disclaims beneficial ownership of the shares described above except to the extent of its pecuniary interest therein.
SCHEDULE 13G
CUSIP Number(s):
68236H204
1
Names of Reporting Persons
Dzyne Management Holdings, 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
1,480,832.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,480,832.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,480,832.00
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)
0.25 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Comprised of 1,480,832 shares of Common Stock issuable to Dzyne Management on January 4, 2027, pursuant to the Unit Purchase Agreement. These shares are reported as beneficially owned pursuant to Rule 13d-3(d)(1)(i) because the scheduled delivery date falls within 60 days of November 5, 2026. The Reporting Person disclaims beneficial ownership of the shares described above except to the extent of its pecuniary interest therein.
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, Florida 33401
Address or principal business office or, if none, residence:
The address of the business office for Mr. Hirsch, Highlander GP, Highlander LP, Highlander Defense, and Dzyne Management is 300 Crescent Court, Suite 550, Dallas, TX 75201.
(c)
Citizenship:
Highlander GP, Highlander LP - Texas
Highlander Defense, Dzyne Management - Delaware
Mr. Hirsch - United States citizen
(d)
Title of class of securities:
Common Stock, par value $0.0001
(e)
CUSIP Number(s):
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:
Mr. Hirsch - 36,971,898 shares
Highlander GP - 36,971,898 shares
Highlander LP - 36,971,898 shares
Highlander Defense - 36,971,898 shares
Dzyne Management - 1,480,832 shares
Amount beneficially owned is based on 35,491,066 shares of common stock issuable to Highlander Defense and 1,480,832 shares of common stock issuable to Dzyne Management, in each case, on January 4, 2027, pursuant to that certain Unit Purchase Agreement, by and among the Issuer, High Point UAS, LLC, Highlander Defense, Dzyne Management, High Flight Corporation and Highlander Defense, in its capacity as the seller representative, dated July 2, 2026 (the "Unit Purchase Agreement").
(b)
Percent of class:
Mr. Hirsch - 5.9%
Highlander GP - 5.9%
Highlander LP - 5.9%
Highlander Defense - 5.9%
Dzyne Management - 0.25%
Percentage ownership is calculated based on 590,124,144 shares of common stock of the Issuer outstanding, consisting of 582,302,699 shares outstanding as of September 22, 2026, as reported in the Issuer's prospectus supplement filed with the Securities and Exchange Commission on September 23, 2026 (the "Prospectus Supplement"), and after giving effect to the issuance of 7,821,445 shares of common stock on September 23, 2026, as described in the Prospectus Supplement. For purposes of calculating each Reporting Person's percentage ownership pursuant to Rule 13d-3(d)(1)(i), the outstanding share count also includes the shares issuable to, or attributable to, that Reporting Person pursuant to the Unit Purchase Agreement.
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.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit B
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.
Laurence E. Hirsch
Signature:
/s/ Nicholas Thicksten
Name/Title:
Nicholas Thicksten/Attorney-In-Fact
Date:
11/13/2026
Highlander Partners GP, LLC
Signature:
/s/ Chris McRorie
Name/Title:
Chris McRorie/Vice President, General Counsel & Secretary
Date:
11/13/2026
Highlander Partners, L.P.
Signature:
/s/ Chris McRorie
Name/Title:
Chris McRorie/Vice President, General Counsel & Secretary
Date:
11/13/2026
Highlander Partners Defense, LLC
Signature:
/s/ Chris McRorie
Name/Title:
Chris McRorie/Attorney-In-Fact
Date:
11/13/2026
Dzyne Management Holdings, LLC
Signature:
/s/ Chris McRorie
Name/Title:
Chris McRorie/Attorney-In-Fact
Date:
11/13/2026
Comments accompanying signature: Exhibit A - Joint Filing Agreement
Exhibit B - Item 8 Statement
Exhibit C - Power of Attorney for Laurence E. Hirsch (incorporated by reference to Exhibit A to Schedule 13G filed on November 3, 2023):
https://www.sec.gov/Archives/edgar/data/1016213/000121390023083539/ea187714-13ghirsch_spectral.htm#a_001
