Daniel Stone, RK Stone Miami adjust SCNI holdings (SCNI) after warrant exercises

Rhea-AI Filing Summary

Scinai Immunotherapeutics Ltd. ownership update: Daniel E. Stone and RK Stone Miami, LLC filed an amendment reporting voting power and warrant positions. The filing lists sole voting power of 496,332 ADSs for Daniel E. Stone and 357,006 ADSs for RK Stone Miami, LLC. It cites 20,053,835,584 ordinary shares outstanding as of June 3, 2026 and notes a 9.99% beneficial ownership limitation tied to exercise of pre-funded warrants. The amendment records that on June 25, 2026 RK exercised 157,006 warrants and, as of that date, holds 357,006 ADSs plus 692,505 pre-funded warrants.

Insights

Corporate Governance Expert

Ownership amendment clarifies voting power and exercise limits under a 9.99% ownership cap.

The filing enumerates voting power: 496,332 ADSs (sole vote) for Daniel E. Stone and 357,006 ADSs for RK Stone Miami, LLC, anchored to June 3, 2026 outstanding shares. It also documents pre-funded warrant mechanics that prevent exercises causing beneficial ownership to exceed 9.99%.

Key dependency is the issuer’s outstanding share count (20,053,835,584) which determines the ownership ceiling; subsequent disclosures or exercises could shift available exercisability under the stated cap.

Capital Markets Expert

Amendment records warrant exercises and remaining pre-funded warrants subject to a beneficial ownership cap.

The filing notes RK exercised 157,006 warrants on June 25, 2026, resulting in RK holding 357,006 ADSs and 692,505 pre-funded warrants. The amendment references mechanics that make additional pre-funded warrants exercisable without increasing the reporting person’s percentage above 9.99%.

Cash‑flow treatment and potential sales are not detailed in the excerpt; future filings will show if and when those warrants convert into ADSs that could affect float and voting distribution.

Key Figures

Shares outstanding: 20,053,835,584 ordinary shares Sole voting power - Daniel E. Stone: 496,332 ADSs Sole voting power - RK Stone Miami, LLC: 357,006 ADSs +4 more

7 metrics

Shares outstanding 20,053,835,584 ordinary shares as of June 3, 2026

Sole voting power - Daniel E. Stone 496,332 ADSs reported in amendment

Sole voting power - RK Stone Miami, LLC 357,006 ADSs reported in amendment

ADSs held directly by reporting person 107,000 ADSs reported holdings in comment

Pre-funded warrants held by RK (post-exercise) 692,505 pre-funded warrants as of June 25, 2026

Warrants exercised by RK 157,006 warrants exercised on June 25, 2026

Beneficial ownership cap 9.99% exercise limitation referenced in amendment

Key Terms

American Depositary Shares, pre-funded warrants, beneficial ownership

3 terms

American Depositary Shares market

"American Depositary Shares, each representing 4,000 Ordinary Shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

pre-funded warrants financial

"692,505 ADS pre-funded warrants, which may not be exercised"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

beneficial ownership regulatory

"would result in beneficial ownership by RK, together with its affiliates, of greater than 9.99%"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/01/2026 - 05:29 PM Accepted by SEC EDGAR 07/01/2026 - 05:29 PM Learn about SEC filing dates

FAQ

What stake does Daniel E. Stone report in SCNI?

He reports sole voting power of 496,332 ADSs. The filing ties this to the capital structure with 20,053,835,584 ordinary shares outstanding as of June 3, 2026, which establishes percentage limits on exercises and beneficial ownership.

How many ADSs does RK Stone Miami, LLC hold in SCNI?

RK Stone Miami, LLC holds 357,006 ADSs directly. The amendment also records RK holding 692,505 pre-funded warrants as of June 25, 2026, subject to the filing’s 9.99% ownership limitation.

What is the significance of the 9.99% limit mentioned in the filing?

The 9.99% beneficial ownership limit prevents exercises that would push RK and affiliates over that threshold. The filing states some pre-funded warrants become exercisable only to preserve that ownership cap as future issuances occur.

Did RK Stone exercise any warrants recently?

Yes, RK Stone exercised 157,006 warrants on June 25, 2026. After that exercise, the filing reports RK holds 357,006 ADSs plus 692,505 pre-funded warrants, with exercisability constrained by the ownership cap.

How is the outstanding share base reported in this amendment?

The amendment cites 20,053,835,584 ordinary shares outstanding as of June 3, 2026. That figure is used in the filing’s calculations of percentage ownership and exercisability limits tied to pre-funded warrants.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Scinai Immunotherapeutics Ltd.

(Name of Issuer)

American Depositary Shares, each representing 4,000 Ordinary Shares, no par value

(Title of Class of Securities)

09073Q203

(CUSIP Number)

06/04/2026

(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): 09073Q203

1

Names of Reporting Persons

STONE DANIEL E.

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 496,332.00
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)

9.9 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 09073Q203

1

Names of Reporting Persons

RK Stone Miami, 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

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 357,006.00
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)

7.12 %

12

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Based on 20,053,835,584 ordinary shares outstanding as of June 3, 2026, as disclosed by the issuer on June 3, 2026. Includes 107,000 American Depositary Shares (ADSs) held directly by the Reporting Person, 357,006 ADSs held by RK Stone Miami, LLC ("RK") and 32,326 ADSs issuable upon exercise of pre-funded warrants held by RK. On June 25, 2026, RK exercised 157,006 warrants. As of June 25, 2026, RK holds 357,006 ADSs and 692,505 ADS pre-funded warrants, which may not be exercised if such exercise would result in beneficial ownership by RK, together with its affiliates (which include the Reporting Person) and certain other persons, of greater than 9.99% of the ordinary shares. As disclosed in the Schedule 13G amendment filed with the Securities and Exchange Commission on January 24, 2025, future issuances of ordinary shares or ADSs by the issuer to third parties are expected to cause additional amounts of pre-funded warrants to become exercisable within the foregoing limitation, without increasing the reporting person's beneficial ownership percentage.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Scinai Immunotherapeutics Ltd.
(b)	Address of issuer's principal executive offices: JERUSALEM BIOPARK, 2ND FLOOR, HADASSAH EIN KEREM CAMPUS, JERUSALEM, ISRAEL 00000
Item 2.
(a)	Name of person filing: STONE DANIEL E. RK Stone Miami, LLC
(b)	Address or principal business office or, if none, residence: 1200 BRICKELL AVENUE, #1470 MIAMI, Florida 33131
(c)	Citizenship: STONE DANIEL E. - UNITED STATES RK Stone Miami, LLC - FLORIDA
(d)	Title of class of securities: American Depositary Shares, each representing 4,000 Ordinary Shares, no par value
(e)	CUSIP No.: 09073Q203
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
(b)	Percent of class: 17.02 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: STONE DANIEL E. - 496,332 RK Stone Miami, LLC - 357,006
	(ii) Shared power to vote or to direct the vote: STONE DANIEL E. - 0 RK Stone Miami, LLC - 0
	(iii) Sole power to dispose or to direct the disposition of: STONE DANIEL E. - 0 RK Stone Miami, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: STONE DANIEL E. - 0 RK Stone Miami, LLC - 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 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.

STONE DANIEL E.

Signature:	/s/ Daniel E. Stone
Name/Title:	Stone Daniel E.
Date:	07/01/2026

RK Stone Miami, LLC

Signature:	/s/ Daniel E. Stone
Name/Title:	Sole Member - RK Stone Miami, LLC
Date:	07/01/2026