Private Capital Management (NASDAQ: PERI) reports 10.43% stake in Perion

Rhea-AI Filing Summary

Private Capital Management, LLC reported a passive ownership stake in Perion Network Ltd., holding 4,215,406 shares of common stock, representing 10.43% of the class as of November 30, 2025. The firm has sole voting and dispositive power over 1,717,856 shares and shared power over 2,497,550 shares.

Private Capital Management states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Perion. The firm notes it corrected its beneficial ownership calculation after discovering inaccurate shares‑outstanding data from a third‑party vendor, which led to the determination that a Schedule 13G filing was required.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Perion Network Ltd.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

M78673114

(CUSIP Number)

11/30/2025

(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. M78673114

1

Names of Reporting Persons

Private 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 1,717,856.00
6	Shared Voting Power 2,497,550.00
7	Sole Dispositive Power 1,717,856.00
8	Shared Dispositive Power 2,497,550.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,215,406.00

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)

10.43 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Perion Network Ltd.
(b)	Address of issuer's principal executive offices: 2 Leonardo Da Vinci Street, 24th Floor, Tel Aviv, L3, 6473309
Item 2.
(a)	Name of person filing: Private Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 8889 Pelican Bay Boulevard, Suite 500, Naples, FL 34018
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: M78673114
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: 4,215,406
(b)	Percent of class: 10.43 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,717,856
	(ii) Shared power to vote or to direct the vote: 2,497,550
	(iii) Sole power to dispose or to direct the disposition of: 1,717,856
	(iv) Shared power to dispose or to direct the disposition of: 2,497,550
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 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.

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.

Private Capital Management, LLC

Signature:	/s/ Chad D. Atkins
Name/Title:	President
Date:	02/06/2026

Comments accompanying signature: Private Capital Management, LLC exercises shared voting authority with respect to shares held by those PCM clients that have delegated proxy voting authority to PCM. Such delegation may be granted or revoked at any time at the client's discretion. Private Capital Management, LLC disclaims beneficial ownership of shares over which it has dispositive power and disclaims the existence of a group. On February 5, 2026, Private Capital Management, LLC identified that the third party vendor source used to obtain shares outstanding for the firm's holdings was inaccurate. Upon identifying the error, Private Capital Management, LLC recalculated its beneficial ownership of Perion Network Ltd. and determined a 13G was required to be filed.

FAQ

How many Perion (PERI) shares does Private Capital Management beneficially own?

Private Capital Management, LLC beneficially owns 4,215,406 shares of Perion Network Ltd. common stock. This position includes 1,717,856 shares over which it has sole voting and dispositive power and 2,497,550 shares over which it has shared voting and dispositive power.

What percentage of Perion (PERI) does Private Capital Management hold?

Private Capital Management reports beneficial ownership of 10.43% of Perion Network Ltd.’s common stock. This level of ownership requires a Schedule 13G filing, indicating the firm has exceeded the 5% threshold while maintaining a passive investment intent under the relevant SEC rules.

Is Private Capital Management seeking to influence control of Perion (PERI)?

Private Capital Management states the Perion shares were acquired and are held in the ordinary course of business. It specifically certifies they were not acquired and are not held for the purpose of changing or influencing control of Perion Network Ltd. under applicable SEC rules.

What voting and dispositive powers does Private Capital Management have over Perion (PERI) shares?

Private Capital Management has sole voting and dispositive power over 1,717,856 Perion shares and shared voting and dispositive power over 2,497,550 shares. Some clients delegate proxy voting authority to the firm, and such delegations can be granted or revoked at the client’s discretion.

Why did Private Capital Management file this Schedule 13G/A for Perion (PERI)?

On February 5, 2026, the firm identified that a third‑party vendor’s shares‑outstanding data for Perion was inaccurate. After recalculating on correct data, Private Capital Management determined that its beneficial ownership required filing a Schedule 13G to report its position.

When was the Perion (PERI) ownership position measured for this filing?

The beneficial ownership information for Perion Network Ltd. in this Schedule 13G/A is reported as of November 30, 2025. The certification and signature by Private Capital Management’s president, Chad D. Atkins, are dated February 6, 2026, following the ownership recalculation.