[SCHEDULE 13G/A] PolyPid Ltd. SEC Filing

Rhea-AI Filing Summary

PolyPid Ltd. disclosed that Aurum Ventures M.K.I. Ltd. and Morris Kahn each report beneficial ownership of 5,001,561 ordinary shares, representing 28.1% of the class on a fully-diluted basis that counts 1,918,879 shares issuable upon exercise of currently exercisable warrants. The filing clarifies that the reported totals do not give effect to warrant "blocker" provisions that prevent exercises that would raise beneficial ownership above 9.9% at any given time, so the actual number of shares that can be owned simultaneously is lower than the aggregate reported.

The statement explains that Mr. Kahn is the ultimate sole beneficiary of Aurum and may be deemed to share beneficial ownership of the shares held by Aurum, while disclaiming day-to-day voting or investment control over Aurum-held shares.

Positive

• Transparent disclosure of aggregate beneficial ownership including warrants provides clarity to investors
• Explicit explanation of "blocker" provisions helps define practical limits on exercise and ownership at any time

Negative

• Reported percentage (28.1%) is based on full exercise of warrants and overstates simultaneous ownership due to blockers
• Attribution to Morris Kahn could raise governance attention despite his disclaimer of day-to-day control

Insights

Financial Analyst

TL;DR A significant reported stake (28.1% on a diluted basis) increases investor focus but is constrained by warrant blockers.

The filing reports a large beneficial position by Aurum and a related-party attribution to Morris Kahn, totaling 5,001,561 shares each on a fully-diluted basis that includes 1,918,879 currently exercisable warrants. For investors, the headline percentage is material because it signals concentrated ownership, but the practical ownership at any moment is limited by explicit warrant "blocker" provisions that cap holdings below 9.9%. The disclosure also clarifies attribution lines: Mr. Kahn is the ultimate beneficiary of Aurum but disclaims day-to-day control. Overall, the filing is a routine but material ownership disclosure that affects governance attention without indicating an immediate control change.

Corporate Governance Expert

TL;DR Large attributed stake raises governance visibility; warrant blockers and disclaimers limit immediate control implications.

The report is precise about voting and dispositive power allocations: Aurum holds sole voting and dispositive power over the reported shares, while Morris Kahn is attributed shared voting and dispositive power due to his status as ultimate beneficiary. The presence of currently exercisable warrants materially inflates the disclosed percentage, but the explicit blockers constrain exercise to avoid crossing a 9.9% beneficial ownership threshold. From a governance perspective, this creates a concentrated but legally constrained ownership profile that investors and the board should note for potential future exercise scenarios and director engagement.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

PolyPid Ltd.

(Name of Issuer)

Ordinary Shares, no par value

(Title of Class of Securities)

M8001Q118

(CUSIP Number)

06/30/2025

(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. M8001Q118

1

Names of Reporting Persons

Aurum Ventures M.K.I. Ltd.

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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,001,561.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,001,561.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,001,561.00

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)

28.1 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Includes 1,918,879 ordinary shares issuable under currently exercisable warrants. As described in Item 4, the securities reported in rows 5, 7 and 9, and the percentage shown in row 11, show the number of ordinary shares that would be issuable upon full exercise of all such warrants beneficially owned by the Reporting Person (as all are currently exercisable) and do not give effect to "blocker" clauses in the warrants that limit exercise of warrants to the extent it would result in beneficial ownership above 9.9% at any given time. Therefore, the actual number of ordinary shares that may be beneficially owned by the Reporting Person at one time, after giving effect to such blockers, is less than the number of securities reported in rows 5, 7 and 9 and the percentage shown in row 11. (5) 3,082,682 ordinary shares 1,918,879 ordinary shares issuable upon exercise of warrants

SCHEDULE 13G

CUSIP No. M8001Q118

1

Names of Reporting Persons

Morris Kahn

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

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,001,561.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,001,561.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,001,561.00

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)

28.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Includes 1,918,879 ordinary shares issuable under currently exercisable warrants. As described in Item 4, the securities reported in rows 6, 8 and 9, and the percentage shown in row 11, show the number of ordinary shares that would be issuable upon full exercise of all such warrants beneficially owned by the Reporting Person (as all are currently exercisable) and do not give effect to "blocker" clauses in the warrants that limit exercise of warrants to the extent it would result in beneficial ownership above 9.9% at any given time. Therefore, the actual number of ordinary shares that may be beneficially owned by the Reporting Person at one time, after giving effect to such blockers, is less than the number of securities reported in rows 5, 7 and 9 and the percentage shown in row 11. (6) 3,082,682 ordinary shares 1,918,879 ordinary shares issuable upon exercise of warrants

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PolyPid Ltd.
(b)	Address of issuer's principal executive offices: 18 Hasivim Street, Petach Tikva, Israel, 4959376
Item 2.
(a)	Name of person filing: (i) Aurum Ventures M.K.I. Ltd. (''Aurum''); and (ii) Morris Kahn Each of the foregoing entity and person is referred to as a ''Reporting Person'', and collectively they are referred to as the ''Reporting Persons''. Morris Kahn is the ultimate sole beneficial shareholder of Aurum, as the outstanding shares of Aurum are held indirectly by a trust for which Mr. Kahn is the settlor and the sole ultimate beneficiary. Consequently, Mr. Kahn may be deemed to share beneficial ownership of the Ordinary Shares held by Aurum. Mr. Kahn does not make day-to-day voting or investment decisions with respect to the Ordinary Shares held by Aurum and therefore disclaims beneficial ownership of them except to the extent of his pecuniary interest therein.
(b)	Address or principal business office or, if none, residence: c/o Aurum Group, 16 Abba Hillel Road, Ramat Gan 5250608, Israel
(c)	Citizenship: Aurum - Israel Morris Kahn - Israel
(d)	Title of class of securities: Ordinary Shares, no par value
(e)	CUSIP No.: M8001Q118
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: 5,001,561 Ordinary Shares (for each Reporting Person). The percent of class beneficially owned by each Reporting Person that is set forth in paragraph (b) below is based upon (i) 15,897,201 Ordinary Shares outstanding as of July 27, 2025, as set forth in the Issuer's Registration Statement on F-3, filed with the SEC on July 29, 2025, plus (ii) 1,918,879 additional Ordinary Shares issuable upon exercise of currently exercisable warrants held by Aurum. The aggregate number and percentage of Ordinary Shares beneficially owned includes Ordinary Shares issuable upon exercise of the foregoing warrants, without giving effect to the "blocker" provisions in such warrants that limit exercise to the extent it would result in beneficial ownership above 9.9% at any given time. As a result, the actual number and percentage of Ordinary Shares that may be beneficially owned by each Reporting Person at any one time, after giving effect to such blocker provisions, is less than the aggregate number and percentage reported herein.
(b)	Percent of class: Aurum: 28.1% Morris Kahn: 28.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Aurum: 5,001,561 Morris Kahn: 0
	(ii) Shared power to vote or to direct the vote: Aurum: 0 Morris Kahn: 5,001,561
	(iii) Sole power to dispose or to direct the disposition of: Aurum: 5,001,561 Morris Kahn: 0
	(iv) Shared power to dispose or to direct the disposition of: Aurum: 0 Morris Kahn: 5,001,561
Item 5.	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 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.

Aurum Ventures M.K.I. Ltd.

Signature:	/s/ Nir Dror-Darwish
Name/Title:	Nir Dror-Darwish/ Authorized Signatory
Date:	09/08/2025

Signature:	/s/ Ilan Lior
Name/Title:	Ilan Lior/ Authorized Signatory
Date:	09/08/2025

Morris Kahn

Signature:	/s/ Morris Kahn
Name/Title:	Morris Kahn
Date:	09/08/2025

Exhibit Information

Exhibit 1 - Joint Filing Agreement by and among the Reporting Persons (filed herewith)

FAQ

How many PolyPid (PYPD) ordinary shares do Aurum Ventures and Morris Kahn report beneficially owning?

Each Reporting Person reports beneficial ownership of 5,001,561 ordinary shares (aggregate reported amount).

Does the 28.1% ownership reported for PYPD reflect exercised warrants?

Yes. The 28.1% figure includes 1,918,879 ordinary shares issuable upon exercise of currently exercisable warrants held by Aurum.

Are there limits on exercising those warrants to reach 28.1% ownership?

Yes. The filing states there are warrant "blocker" provisions that limit exercise to the extent it would result in beneficial ownership above 9.9% at any given time, so actual simultaneous ownership is lower.

Why is Morris Kahn attributed with ownership of Aurum's shares?

The filing explains Mr. Kahn is the ultimate sole beneficiary of Aurum (shares held indirectly via a trust), so he may be deemed to share beneficial ownership, though he disclaims day-to-day voting or investment control.

Which securities class and CUSIP are referenced in the filing?

The filing concerns Ordinary Shares, no par value of the issuer. The CUSIP is included in the filing document.