PolyPid Ltd. filed an amendment to its Schedule 13G/A disclosing that Rosalind Advisors Inc., Rosalind Master Fund L.P., Steven Salamon and Gilad Aharon each report shared beneficial voting and dispositive power over 5,384,813 shares, representing 9.9% of the class based on 18,204,002 ordinary shares outstanding as of December 31, 2025.
The filing states 597,926 shares are directly held and an additional 4,786,887 shares are issuable upon exercise of warrants subject to a blocker that prevents exercise to the extent it would increase beneficial ownership above 9.99%. The advisor and named individuals disclaim beneficial ownership beyond their advisory roles.
Positive
None.
Negative
None.
Insights
Holds sizeable reported position capped by warrant "blocker" at 9.99%.
The Schedule 13G/A shows shared voting and dispositive power over 5,384,813 shares (listed as 9.9%) calculated against 18,204,002 outstanding shares as of December 31, 2025. The filing separately lists 597,926 held shares and 4,786,887 warrants exercisable subject to a blocker.
The blocker clause is explicit in the filing; it limits immediate conversion/exercise and constrains near-term dilution from the warrants. Subsequent filings would be required to show any change in exercised warrants or ownership percentages.
Key Figures
Reported shared power:5,384,813 sharesPercent of class:9.9%Shares outstanding (anchor):18,204,002 shares+2 more
5 metrics
Reported shared power5,384,813 sharesshared voting and dispositive power reported for each reporting person
Percent of class9.9%percentage based on 18,204,002 outstanding shares as of December 31, 2025
Shares outstanding (anchor)18,204,002 sharesordinary shares outstanding as of December 31, 2025
Directly held shares597,926 sharesshares of Common Stock directly reported as held
Warrants issuable4,786,887 sharesshares issuable upon exercise of warrants subject to a blocker
"contain a blocker provision under which the holder thereof does not have the right to exercise any of the warrant"
beneficial ownershipfinancial
"may be deemed to have the beneficial ownership of 597,926 shares of common stock"
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 dispositive powerregulatory
"Shared Dispositive Power 5,384,813.00"
Schedule 13G/Aregulatory
"filed an amendment to its Schedule 13G/A disclosing"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7)
PolyPid Ltd.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
M8001Q126
(CUSIP Number)
03/31/2026
(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):
M8001Q126
1
Names of Reporting Persons
Rosalind Advisors, Inc.
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
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,384,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,384,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,384,813.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: This percentage is calculated based upon 18,204,002 Ordinary shares of the Issuers common stock outstanding as of December 31, 2025, based on the press release issued by Polypid Ltd on February 11, 2026, titled "Polypid Provides Corporate update and reports fourth quarter and full-year 2025 financial results". However, as more fully described in Item 4, the securities reported in rows 6, 8 and 9 show the number of shares of Common Stock that would be issuable upon full conversion and exercise of such reported securities and do not give effect to such blockers. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to such blockers, is less than the number of securities reported in rows 6, 8 and 9.
(6) 597,926 shares of Common Stock
4,786,887 shares of Common Stock issuable upon exercise of warrants
SCHEDULE 13G
CUSIP Number(s):
M8001Q126
1
Names of Reporting Persons
SALAMON STEVEN A J
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
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,384,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,384,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,384,813.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (6) 597,926 shares of Common Stock
4,786,887 shares of Common Stock issuable upon exercise of warrants
SCHEDULE 13G
CUSIP Number(s):
M8001Q126
1
Names of Reporting Persons
Aharon Gil
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
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,384,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,384,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,384,813.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (6) 597,926 shares of Common Stock
4,786,887 shares of Common Stock issuable upon exercise of warrants
SCHEDULE 13G
CUSIP Number(s):
M8001Q126
1
Names of Reporting Persons
Rosalind Master Fund 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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,384,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,384,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,384,813.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: (6) 597,926 shares of Common Stock
4,786,887 shares of Common Stock issuable upon exercise of warrants
Rosalind Advisors Inc. Advisor to RMF
Rosalind Master Fund L.P. RMF
Steven Salamon President
Steven Salamon is the portfolio manager of the Advisor which advises RMF.
Gilad Aharon is the portfolio manager and member of the Advisor which advises RMF.
(b)
Address or principal business office or, if none, residence:
Rosalind Advisors, Inc.
15 Wellesley Street West
Suite 326
Toronto, Ontario
M4Y 0G7 Canada
Rosalind Master Fund L.P.
P.O. Box 309
Ugland House, Grand Cayman
KY1-1104, Cayman Islands
Steven Salamon
15 Wellesley Street West
Suite 326
Toronto, Ontario
M4Y 0G7 Canada
Gilad Aharon
15 Wellesley Street West
Suite 326
Toronto, Ontario
M4Y 0G7 Canada
(c)
Citizenship:
Mr. Salamon and Mr. Aharon are citizens of Canada, resident in Ontario
(d)
Title of class of securities:
Common Shares
(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:
The information as of the date of the event which requires filing of this statement required by Items 4a to c is set forth in Rows 7 to 13 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in Row 11 of the cover page for each Reporting Person is based upon 18,204,002 Ordinary shares of the Issuers common stock outstanding as of December 31, 2025, based on the press release issued by Polypid Ltd on February 11, 2026, titled "Polypid Provides Corporate update and reports fourth quarter and full-year 2025 financial results".
Rosalind Master Fund L.P. may have been deemed to have the beneficial ownership of 597,926 shares of common stock representing the beneficial ownership of approximately 3.28% of the common stocks as mentioned above, which excludes the 4,786,887 shares issuable upon the exercise of warrants and warrant shares because they contain a blocker provision under which the holder thereof does not have the right to exercise any of the warrant to the extent that such exercise would result in beneficial ownership by the holder in excess of 9.99% of the Common Stock. Consequently, as of the date of the event which requires the filing of this statement, the Reporting Persons were not able to exercise any of the warrants due to the Blockers.
Rosalind Advisors Inc. is the investment advisor to RMF and may be deemed to be the beneficial owner of shares held by RMF. Steven Salamon is the portfolio manager of the Advisor and may be deemed to be the beneficial owner of shares held by RMF. Notwithstanding the foregoing, the Advisor and Mr. Salamon disclaim beneficial ownership of the shares.
(b)
Percent of class:
Rosalind Advisors Inc. 9.9%
Rosalind Master Fund L.P. 9.9%
Steven Salamon 9.9%
Gilad Aharon 9.9%
(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:
Rosalind Advisors Inc. 597,926
Rosalind Master Fund L.P. 597,926
Steven Salamon 597,926
Gilad Aharon 597,926
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
Rosalind Advisors Inc. 597,926
Rosalind Master Fund L.P. 597,926
Steven Salamon 597,926
Gilad Aharon 597,926
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.
Rosalind Advisors, Inc.
Signature:
Steven Salamon
Name/Title:
President
Date:
05/12/2026
SALAMON STEVEN A J
Signature:
Steven Salamon
Name/Title:
Steven Salamon
Date:
05/12/2026
Aharon Gil
Signature:
Gil Aharon
Name/Title:
Gil Aharon
Date:
05/12/2026
Rosalind Master Fund L.P.
Signature:
Mike McDonald
Name/Title:
Director, Rosalind (Cayman) Ltd. (as General Partner to Rosalind Master Fund)
What stake does Rosalind Advisors report in PolyPid (PYPD)?
They report shared power over 5,384,813 shares, equal to 9.9% of the class based on 18,204,002 outstanding as of December 31, 2025. The filing attributes 597,926 directly held shares and 4,786,887 warrant shares subject to a blocker.
How many shares are directly held versus exercisable by warrants?
The filing lists 597,926 shares of Common Stock directly held and 4,786,887 shares issuable upon exercise of warrants, with warrant exercises limited by a 9.99% blocker.
What is the "blocker" described in the filing?
The blocker prevents exercising warrants to the extent that exercise would result in beneficial ownership above 9.99%. As stated, the reporting persons were unable to exercise warrants due to this blocker at the filing date.
Do the advisors and managers claim beneficial ownership of the shares?
The filing states Rosalind Advisors is the investment advisor to the fund and Mr. Salamon and Mr. Aharon are portfolio managers; each may be deemed to have beneficial ownership of shares held by the fund, but they disclaim beneficial ownership as described in the filing.
What baseline share count is used to calculate the percentage ownership?
The percentage calculations use 18,204,002 ordinary shares outstanding as of December 31, 2025, per the issuer press release cited in the filing.
