Value Base fund reports 5.27% Radcom (RDCM) ownership stake

Rhea-AI Filing Summary

Radcom Ltd received a new Schedule 13D filing from Israeli investment group Value Base and affiliates, disclosing a significant ownership position. The reporting persons collectively beneficially own 865,009 Ordinary Shares, representing approximately 5.27% of Radcom’s outstanding Ordinary Shares, based on 16,405,788 shares outstanding as of October 20, 2025.

The group, including Value Base Ltd., Value Base Hedge Fund Ltd. (as general partner of Harmony Base), and individuals Ido Nouberger and Victor Shamrich, invested about $9.26 million to build this stake. Value Base invested approximately $4.44 million for 400,563 shares, while Harmony Base invested about $4.82 million for 464,446 shares.

The investors state they acquired the shares for investment purposes but may actively engage with management, the board, other shareholders, or third parties regarding Radcom’s business, corporate governance, capital structure, or potential transactions. They may buy additional shares or sell holdings over time, and they expressly reserve the right to change their intentions as circumstances evolve.

Insights

Equity ownership and activism analyst

Value Base discloses a 5.27% Radcom stake with potential active engagement.

The filing shows Value Base and related entities collectively own 865,009 Radcom Ordinary Shares, or about 5.27% of shares outstanding, built with roughly $9.26 million of equity capital. The stake is split between Value Base (400,563 shares) and Harmony Base (464,446 shares).

This position is reported on a Schedule 13D, which is used by investors who may take a more active role, rather than remaining purely passive. The group indicates it may communicate with management, the board, shareholders, or other parties about Radcom’s business, governance, capital structure, or potential transactions.

The filing notes no Radcom share transactions by the reporting persons in the 60 days before the statement. Future company filings or ownership updates may clarify whether the group increases its holdings, pushes for strategic changes, or reduces its position over time.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

RadCom Ltd

(Name of Issuer)

Ordinary Shares, NIS 0.20 par value per share

(Title of Class of Securities)

M81865111

(CUSIP Number)

Value Base Ltd.
c/o Tsahy Alon, General Counsel, 23 Yehuda Halevi St.
Tel-Aviv, L3, 6513601
972-3-622-3381

Herzog Fox & Neeman
Attn: Ron Ben-Menachem, Adv., 6 Yitzhak Sadeh St.
Tel-Aviv, L3, 6777506
972-3-692-2020

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/17/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. M81865111

1

Name of reporting person

Value Base Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 865,009.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 865,009.00

11

Aggregate amount beneficially owned by each reporting person

865,009.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.27 %

14

Type of Reporting Person (See Instructions)

CO, HC

Comment for Type of Reporting Person:

Percentage reported in Item 13 above is based on 16,405,788 ordinary shares outstanding as of October 20, 2025 (as reported in the Issuer's Proxy Statement filed on Form 6-K with the Securities and Exchange Commission (the "SEC") on October 29, 2025).

SCHEDULE 13D

CUSIP No. M81865111

1

Name of reporting person

Value Base Hedge Fund Ltd., acting as the general partner of Harmony Base, Limited Partnership

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 865,009.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 865,009.00

11

Aggregate amount beneficially owned by each reporting person

865,009.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.27 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Percentage reported in Item 13 above is based on 16,405,788 ordinary shares outstanding as of October 20, 2025 (as reported in the Issuer's Proxy Statement filed on Form 6-K with the SEC on October 29, 2025).

SCHEDULE 13D

CUSIP No. M81865111

1

Name of reporting person

Ido Nouberger

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 865,009.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 865,009.00

11

Aggregate amount beneficially owned by each reporting person

865,009.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.27 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Percentage reported in Item 13 above is based on 16,405,788 ordinary shares outstanding as of October 20, 2025 (as reported in the Issuer's Proxy Statement filed on Form 6-K with the SEC on October 29, 2025).

SCHEDULE 13D

CUSIP No. M81865111

1

Name of reporting person

Victor Shamrich

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 865,009.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 865,009.00

11

Aggregate amount beneficially owned by each reporting person

865,009.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.27 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Percentage reported in Item 13 above is based on 16,405,788 ordinary shares outstanding as of October 20, 2025 (as reported in the Issuer's Proxy Statement filed on Form 6-K with the SEC on October 29, 2025).

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Ordinary Shares, NIS 0.20 par value per share
(b)	Name of Issuer: RadCom Ltd
(c)	Address of Issuer's Principal Executive Offices: 24 Raoul Wallenberg Street, Tel-Aviv, ISRAEL , 69719.
Item 1 Comment: This Statement on Schedule 13D relates to the Ordinary Shares, NIS 0.20 par value per share (the "Ordinary Shares"), of Radcom Ltd., a company incorporated in Israel ("Radcom", the "Company" or the "Issuer"). The address of the principal executive offices of Radcom is 24 Raoul Wallenberg Street, Tel Aviv 69719, Israel.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed jointly by Ido Nouberger, Victor Shamrich, Value Base Ltd. ("Value Base") and Value Base Hedge Fund Ltd. (the "General Partner") acting as the general partner of Harmony Base, Limited Partnership ("Harmony Base") (each a "Reporting Person" and, collectively, the "Reporting Persons"). The agreement among the Reporting Persons relating to the joint filing of this Schedule 13D is attached as an exhibit hereto. Value Base is jointly controlled by Messrs Nouberger and Shamrich. Mr. Nouberger is a citizen of Israel whose principal business is Chief Executive Officer and director at Value Base and various of its subsidiaries, which are located at 23 Yehuda Halevi St., 27th floor, Discount Bank Tower, Tel Aviv 6513601, Israel (which is also Mr. Nouberger's business address). Mr. Shamrich is a citizen of Israel whose principal business is Chairman and director at Value Base and various of its subsidiaries, which are located at 23 Yehuda Halevi St., 27th floor, Discount Bank Tower, Tel Aviv 6513601, Israel (which is also Mr. Shamrich's business address). Mr. Lior Kaver is a citizen of Israel whose principal business is Chief Financial Officer of Value Base. Mr. Tsahy Alon is a citizen of Israel whose principal business is General Counsel of Value Base. The business address of each of Mr. Kaver and Mr. Alon is the same as that of Value Base, as provided above. The principal business of Value Base is to provide investment banking services in Israel, including a wide range of financial and strategic financial consulting services. Value Base wholly owns the General Partner, which acts as the general partner of Harmony Base, a private investment fund. The principal business of the General Partner is to act as the general partner of Harmony Base. Both Value Base and the General Partner are organized under the laws of the State of Israel and have a business address of 23 Yehuda Halevi St., 27th floor, Discount Bank Tower, Tel Aviv 6513601 Israel. During the last five years, none of the Reporting Persons nor, to the best of their knowledge, any of the other individuals mentioned in this Item 2, has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws.
(b)	The information set forth in Item 2(a) is incorporated herein by reference.
(c)	The information set forth in Item 2(a) is incorporated herein by reference.
(d)	The information set forth in Item 2(a) is incorporated herein by reference.
(e)	The information set forth in Item 2(a) is incorporated herein by reference.
(f)	The information set forth in Item 2(a) is incorporated herein by reference.
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Persons have invested an aggregate of approximately $9.26 million of its equity to acquire 865,009 Ordinary Shares of the Issuer, as follows: Value Base has invested approximately $4.44 million to acquire 400,563 Ordinary Shares of the Issuer, and Harmony Base has invested approximately $4.82 million to acquire 464,446 Ordinary Shares of the Issuer.
Item 4.	Purpose of Transaction
	The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. The Reporting Persons seek to enhance Issuer value and may take such actions with respect to their investment in the Issuer as they deem appropriate in light of the circumstances existing from time to time, including without limitation, engaging in communications with management and the board, engaging in discussions with shareholders of the Issuer or other third parties about the Issuer and the Reporting Persons' investment in the Issuer, or with regard to any material changes to the Issuer's business, corporate governance, corporate structure, or potential transactions. The Reporting Persons may acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market or in privately negotiated transactions. Other than as described above, the Reporting Persons do not currently have any plans or proposals that relate to, or would result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D, although, depending on the factors discussed herein, the Reporting Persons may change their purpose or formulate different plans or proposals with respect thereto at any time.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date on the cover page of this Schedule 13D, the General Partner may be deemed to be the beneficial owner of the 464,446 Ordinary Shares held directly by Harmony Base, which represent approximately 2.83% of the number of Ordinary Shares outstanding. As of the date on the cover page of this Schedule 13D, Value Base owns directly and may be deemed the beneficial owner of 400,563 Ordinary Shares, which represents approximately 2.44% of the number of Ordinary Shares outstanding. As the sole owner of the General Partner, Value Base may be deemed the indirect beneficial owner of 464,446 Ordinary Shares beneficially owned by the General Partner, which together with the Ordinary Shares it owns directly represents 865,009 Ordinary Shares or approximately 5.27% of the number of Ordinary Shares outstanding. As of the date on the cover page of this Schedule 13D, each of Mr. Shamrich and Mr. Nouberger, who jointly control Value Base, may be deemed the indirect beneficial owner of 865,009 Ordinary Shares beneficially owned by Value Base, which represents approximately 5.27% of the number of Ordinary Shares outstanding. Because the Reporting Persons named in this Schedule 13D may be deemed to constitute a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act"), each of Mr. Shamrich, Mr. Nouberger, Value Base and Harmony Base may share the power to vote, or direct the voting of, and share the power to dispose of, or direct the disposition of, the 865,009 Ordinary Shares held in the aggregate by the Reporting Persons, which represent approximately 5.27% of the number of Ordinary Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The Reporting Persons may be deemed to constitute a "group" for purposes of Section 13(d) of the Exchange Act. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that a group exists for purposes of Schedule 13(d) of the Exchange Act or for any other purpose, and each Reporting Person disclaims the existence of any such group. Percentages set forth in this Schedule 13D were calculated based on 16,405,788 Ordinary Shares outstanding as of October 20, 2025 (as reported in the Issuer's Proxy Statement filed on Form 6-K with the SEC on October 29, 2025).
(b)	The information set forth in Item 5(a) is incorporated herein by reference.
(c)	No transactions in the Ordinary Shares were effected by the Reporting Persons during the period beginning 60 days prior to the filing of this statement.
(d)	No person, other than the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Ordinary Shares referred to in this Item 5.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	The following Exhibits are filed herewith: Exhibit 1: Joint Filing Agreement by and among the Reporting Persons Exhibit 2: Attorney's Certification certifying the signature authority of the persons signing on behalf of Value Base Hedge Fund Ltd.

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.

Value Base Ltd.

Signature:	/s/ Ido Nouberger
Name/Title:	Ido Nouberger/CEO
Date:	02/17/2026

Signature:	/s/ Victor Shamrich
Name/Title:	Victor Shamrich/Chairman
Date:	02/17/2026

Value Base Hedge Fund Ltd., acting as the general partner of Harmony Base, Limited Partnership

Signature:	/s/ Ido Nouberger*
Name/Title:	Ido Nouberger/Director
Date:	02/17/2026

Signature:	/s/ Victor Shamrich*
Name/Title:	Victor Shamrich/Director
Date:	02/17/2026

Ido Nouberger

Signature:	/s/ Ido Nouberger
Name/Title:	Ido Nouberger
Date:	02/17/2026

Victor Shamrich

Signature:	/s/ Victor Shamrich
Name/Title:	Victor Shamrich
Date:	02/17/2026

Comments accompanying signature:

* Evidence of signature authority on behalf of Value Base Hedge Fund Ltd. is attached as Exhibit 2 to the Schedule 13D.

FAQ

How big is Value Base’s ownership stake in Radcom (RDCM)?

Value Base and its affiliated entities report beneficial ownership of 865,009 Radcom Ordinary Shares, representing approximately 5.27% of the company’s outstanding shares, based on 16,405,788 shares outstanding as of October 20, 2025, per Radcom’s proxy statement.

How much did Value Base invest to acquire its Radcom (RDCM) shares?

The reporting group invested an aggregate of about $9.26 million in equity to acquire 865,009 Radcom Ordinary Shares. Value Base invested approximately $4.44 million for 400,563 shares, while Harmony Base invested roughly $4.82 million for 464,446 shares.

Who are the reporting persons in the Radcom (RDCM) Schedule 13D filing?

The Schedule 13D is filed jointly by Value Base Ltd., Value Base Hedge Fund Ltd. (general partner of Harmony Base), and individuals Ido Nouberger and Victor Shamrich, who jointly control Value Base. Harmony Base, a private investment fund, holds part of the Radcom stake.

What is Value Base’s stated purpose for its investment in Radcom (RDCM)?

The group states it acquired Radcom shares for investment purposes and intends to review the position on an ongoing basis. It may engage with management, the board, shareholders, or third parties regarding Radcom’s business, governance, structure, or potential strategic transactions.

Can Value Base change its Radcom (RDCM) position or push for changes at the company?

Yes. The filing states the reporting persons may acquire additional securities or sell shares in market or private transactions. They may also discuss material changes to Radcom’s business, corporate governance, corporate structure, or potential transactions, and may alter their plans over time.

Did Value Base trade Radcom (RDCM) shares shortly before this Schedule 13D?

No. The filing states that no transactions in Radcom Ordinary Shares were effected by the reporting persons during the 60-day period before the Schedule 13D. This means the disclosed ownership reflects holdings accumulated before that look-back window.