[SCHEDULE 13G/A] SatixFy Communications Ltd. SEC Filing

Rhea-AI Filing Summary

Amendment No. 2 to Schedule 13G: Four affiliated Francisco Partners entities—FP Credit Partners II, L.P., FP Credit Partners GP II, L.P., FP Credit Partners GP II Management, LLC, and Francisco Partners Management, L.P.—have filed to report that they now own 0 Class A ordinary shares of SatixFy Communications Ltd. (NASDAQ: SATX), representing 0.0 % of the class as of the event date 07/02/2025.

The group discloses no sole or shared voting or dispositive power and affirms “ownership of 5 percent or less of a class,” signalling a complete exit from its former reportable position. The filing is made under Rule 13d-1 and certifies the shares were not held to influence control of the issuer.

Positive

• None.

Negative

• Large institutional holder exits: Francisco Partners affiliates now own 0 % of SATX, potentially signaling reduced confidence and future selling pressure.

Insights

Equity Analyst

TL;DR: Former 5% holder Francisco Partners now reports zero SATX shares—potentially bearish signal of diminished institutional confidence.

The amendment shows a full divestiture by Francisco Partners entities, reducing ownership from a previously reportable stake to 0 %. Large institutional exits can pressure liquidity and sentiment, especially for small-cap firms like SatixFy. While the filing does not reveal sale timing or price, it confirms no residual voting/dispositive power. Investors may interpret the withdrawal of a sophisticated credit investor as negative unless offset by new strategic holders.

Corporate Governance Expert

TL;DR: Stake drop below 5 % removes Francisco Partners from significant-shareholder oversight, lowering external governance scrutiny.

With zero beneficial ownership, Francisco Partners is no longer obliged to file future 13D/G updates, reducing transparency of institutional monitoring. The exit may widen the free float but also erodes the influence of an experienced financial sponsor that could have advocated for governance improvements. Management may face less pressure from sophisticated creditors, which could have mixed implications depending on replacement ownership quality.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

SatixFy Communications Ltd.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

M82363124

(CUSIP Number)

07/02/2025

(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. M82363124

1

Names of Reporting Persons

FP Credit Partners II, 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 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. M82363124

1

Names of Reporting Persons

FP Credit Partners GP II, 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 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. M82363124

1

Names of Reporting Persons

FP Credit Partners GP II 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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. M82363124

1

Names of Reporting Persons

Francisco Partners Management, 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SatixFy Communications Ltd.
(b)	Address of issuer's principal executive offices: 12 Hamada Street, Rechovot 670315, Israel
Item 2.
(a)	Name of person filing: This statement is filed by the entities and persons listed below: (i) FP Credit Partners II, L.P. (ii) FP Credit Partners GP II, L.P. (iii) FP Credit Partners GP II Management, LLC (iv) Francisco Partners Management, L.P.
(b)	Address or principal business office or, if none, residence: One Letterman Drive Building C, Suite 410 San Francisco, CA 94129
(c)	Citizenship: See responses to Item 4 on each cover page.
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: M82363124
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: 0.00
(b)	Percent of class: 0.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	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.

FP Credit Partners II, L.P.

Signature:	/s/ Steve Eisner
Name/Title:	Steve Eisner/General Counsel and Chief Compliance Officer of FP Credit Partners GP II Management, LLC
Date:	07/29/2025

FP Credit Partners GP II, L.P.

Signature:	/s/ Steve Eisner
Name/Title:	Steve Eisner/General Counsel and Chief Compliance Officer of FP Credit Partners GP II Management, LLC
Date:	07/29/2025

FP Credit Partners GP II Management, LLC

Signature:	/s/ Steve Eisner
Name/Title:	Steve Eisner/General Counsel and Chief Compliance Officer
Date:	07/29/2025

Francisco Partners Management, L.P.

Signature:	/s/ Steve Eisner
Name/Title:	Steve Eisner/General Counsel and Chief Compliance Officer
Date:	07/29/2025

Comments accompanying signature: EXHIBIT LIST Exhibit A Joint Filing Agreement, dated as of November 22, 2023, by and among the Reporting Persons (incorporated herein by reference to Exhibit A to that certain Schedule 13G filed on November 22, 2023, by the Reporting Persons with the Securities and Exchange Commission).

FAQ

How many SatixFy (SATX) shares does Francisco Partners now hold?

The filing states 0 Class A ordinary shares, equal to 0.0 % of the outstanding class.

When did the ownership change triggering the Schedule 13G/A occur?

The event date prompting the filing is 07/02/2025.

Does Francisco Partners retain any voting or dispositive power over SATX shares?

No. The entities report 0 sole or shared voting and dispositive power.

Why is this Schedule 13G/A important for investors?

It signals that a former >5 % shareholder has fully exited, which can affect liquidity, sentiment and governance dynamics.

Will Francisco Partners need to file future 13G/13D reports on SATX?

Not unless they acquire ≥5 % again; their current 0 % stake ends ongoing reporting obligations.