PolyPid (PYPD) holder AIGH Capital discloses 9.8% beneficial share stake

Rhea-AI Filing Summary

PolyPid Ltd. received an amended Schedule 13G showing that investment manager AIGH Capital Management LLC and Orin Hirschman beneficially own 1,793,117 ordinary shares, representing 9.8% of the class. They report sole voting and dispositive power over these shares.

The filing notes that this ownership percentage excludes 2,395,268 common shares issuable upon exercise of warrants that are not currently exercisable due to beneficial ownership limits, and 549,141 shares held in abeyance. The holders state the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of PolyPid.

Insights

Equity ownership and governance analyst

AIGH and Orin Hirschman report a 9.8% passive stake in PolyPid.

AIGH Capital Management LLC and Orin Hirschman disclose beneficial ownership of 1,793,117 PolyPid ordinary shares, equal to 9.8% of the class. They have sole voting and dispositive power over these shares, indicating concentrated decision authority for this holding.

The filing also describes additional exposure through 2,395,268 common shares underlying warrants and 549,141 shares held in abeyance, which are excluded from current beneficial ownership due to limitations on exercising the warrants. This suggests potential future share exposure if conditions change.

The investors certify that the position was acquired and is held in the ordinary course of business, not to change or influence control. Subsequent ownership reports may show whether this stake grows above or falls below current levels, but no forward intentions are stated in the excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PolyPid Ltd.

(Name of Issuer)

Ordinary Shares, no par value

(Title of Class of Securities)

M8001Q126

(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. M8001Q126

1

Names of Reporting Persons

Orin Hirschman

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 1,793,117.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,793,117.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,793,117.00

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)

9.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. M8001Q126

1

Names of Reporting Persons

AIGH 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 1,793,117.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,793,117.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,793,117.00

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)

9.8 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PolyPid Ltd.
(b)	Address of issuer's principal executive offices: 18 Hasivim Street Petach Tikva L3 495376
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by each of the following persons pursuant to Rule 13d-1 promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the "Act"): (i) AIGH Capital Management, LLC, a Maryland limited liability company ("AIGH CM"), as an Advisor or Sub-Advisor with respect to shares of Common Stock (as defined in Item 2(d) below) held by AIGH Investment Partners, L.P., and WVP Emerging Manger Onshore Fund, LLC - AIGH Series. (ii) AIGH Investment Partners, L.L.C., a Delaware limited liability company ("AIGH LLC";), with respect to shares of Common Stock (as defined in Item 2(d) below) directly held by it; (iii) Mr. Orin Hirschman ("Mr. Hirschman"), who is the Managing Member of AIGH Capital Management, LLC and president of AIGH LLC, with respect to shares of Common Stock (as defined in Item 2(d) below) indirectly held through AIGH CM, directly by AIGH LLC and Mr. Hirschman and his family directly. AIGH Capital Management LLC., AIGH Investment Partners LLC, and Mr. Hirschman are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)	Address or principal business office or, if none, residence: The principal office and business address of AIGH Capital Management LLC, AIGH Investment Partners LLC, and Mr.Hirschman is: 6006 Berkeley Avenue, Baltimore MD 21209
(c)	Citizenship: See Item 2(a) above and Item 4 of each cover page.
(d)	Title of class of securities: Ordinary Shares, no par value
(e)	CUSIP No.: M8001Q126
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: 1,793,117 Excludes 2,395,268 common shares issuable upon exercise of warrants not currently exercisable due to beneficial ownership limitations on exercise and 549,141 shares held in abeyance
(b)	Percent of class: 9.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,793,117
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,793,117 Excludes 2,395,268 common shares issuable upon exercise of warrants not currently exercisable due to beneficial ownership limitations on exercise and 549,141 shares held in abeyance
	(iv) Shared power to dispose or to direct the disposition of: 0
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.

Orin Hirschman

Signature:	Orin Hirschman
Name/Title:	Orin Hirschman
Date:	01/30/2026

AIGH Capital Management LLC

Signature:	Orin Hirschman
Name/Title:	Orin Hirschman, Managing Member
Date:	01/30/2026

FAQ

What ownership stake does AIGH Capital report in PolyPid (PYPD)?

AIGH Capital Management LLC and Orin Hirschman report beneficial ownership of 1,793,117 PolyPid ordinary shares, representing 9.8% of the outstanding class. They hold sole voting and dispositive power over these shares according to the amended Schedule 13G.

Who are the reporting persons in this PolyPid (PYPD) Schedule 13G/A?

The filing is jointly made by AIGH Capital Management LLC, AIGH Investment Partners LLC, and Orin Hirschman. Hirschman is the managing member of AIGH Capital Management and president of AIGH Investment Partners, and they are collectively referred to as the reporting persons.

Does the PolyPid (PYPD) Schedule 13G/A indicate a control-seeking intent?

No. The reporting persons certify the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of PolyPid. They also state the position is not part of any control-related transaction.

Are there additional PolyPid (PYPD) shares related to warrants in this filing?

Yes. The filing notes 2,395,268 common shares issuable upon warrant exercise and 549,141 shares held in abeyance. These are excluded from beneficial ownership because the warrants are not currently exercisable due to ownership limitations.

What type of securities are covered in this PolyPid (PYPD) Schedule 13G/A?

The filing covers Ordinary Shares, no par value, of PolyPid Ltd. It specifies the class using the company’s ordinary shares and identifies them with CUSIP number M8001Q126 in the ownership disclosure.

What percentage threshold does the PolyPid (PYPD) position exceed in this filing?

The reporting persons disclose ownership of 9.8% of PolyPid’s ordinary shares. This exceeds the 5% ownership reporting threshold that requires a Schedule 13G filing for certain institutional and passive investors under SEC rules.