Phoenix Financial discloses 4.26% stake in Stratasys via subsidiaries

Rhea-AI Filing Summary

Phoenix Financial Ltd. reports beneficial ownership of 3,616,006 ordinary shares of Stratasys Ltd., representing 4.26% of the outstanding ordinary shares based on 84,924,398 shares. The position is held through various direct or indirect subsidiaries and is reported with shared voting and dispositive power, with no sole voting or sole dispositive power disclosed.

The filing breaks the holdings down: 15,100 shares (0.02%) held by The Phoenix Investments House - trust funds, 257,000 shares (0.30%) in Phoenix "nostro" accounts, and 3,343,906 shares (3.94%) held by a Partnership for international shares. The registrant emphasizes that each subsidiary operates under independent management, disclaims group status, and notes the partnership allocation may change frequently under its agreement.

Positive

• Clear disclosure of a 3,616,006-share position representing 4.26% of Stratasys ordinary shares
• Provides a detailed breakdown of holdings across trust funds, nostro accounts, and a partnership for transparency

Negative

• Stake is below 5% and reported with no sole voting or dispositive power, limiting influence on issuer control
• Majority of the position is held via a partnership whose allocations "change frequently", reducing clarity about stable ownership and voting alignment

Insights

Financial Analyst

TL;DR: Phoenix Financial holds a passive, sub-5% stake in Stratasys reported via subsidiaries with shared voting power.

The 4.26% position is material enough to warrant disclosure but remains below the 5% threshold that typically signals potential control or activist intent. All reported shares reflect shared voting and dispositive power, and no sole control is claimed, limiting immediate governance impact. The concentration of most shares in a partnership vehicle (3,343,906 shares) means the economic exposure is significant but the voting influence is diluted by the partnership structure and the subsidiaries' independent decision-making.

Corporate Governance Expert

TL;DR: Disclosure indicates a passive institutional stake with limited governance influence and an ambiguous long-term allocation mechanism.

The filing emphasizes independence of the subsidiaries and disclaims group formation and beneficial ownership beyond pecuniary interest, suggesting no intent to change or influence control. The partnership arrangement that holds most shares is explicitly described as subject to frequent allocation changes, which reduces clarity about stable voting blocs. For governance, absence of sole voting or dispositive power and the below-5% size point to a limited governance impact at present.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Stratasys Ltd.

(Name of Issuer)

Ordinary Shares, par value NIS 0.01 per share

(Title of Class of Securities)

M85548101

(CUSIP Number)

08/06/2025

(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. M85548101

1

Names of Reporting Persons

Phoenix Financial 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

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,616,006.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,616,006.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,616,006.00

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)

4.26 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a). Row (11) is Based on 84,924,398 Ordinary Shares outstanding as of August 7, 2025 (as reported on Bloomberg LP).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Stratasys Ltd.
(b)	Address of issuer's principal executive offices: 1 Holtzman Street, Science Park, P.O. Bo, Box 2496, Rehovot, Israel, 7670401
Item 2.
(a)	Name of person filing: Phoenix Financial Ltd. The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Phoenix Financial Ltd. (the "Subsidiaries"). The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
(b)	Address or principal business office or, if none, residence: The address of the Phoenix Financial Ltd. is Derech Hashalom 53, Givataim, 53454, Israel.
(c)	Citizenship: Phoenix Financial Ltd. - Israel
(d)	Title of class of securities: Ordinary Shares, par value NIS 0.01 per share
(e)	CUSIP No.: M85548101
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: See row 9 of cover page of each reporting person. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group. In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement. As of August 6, 2025, the securities reported herein were held as follows: 15,100 ordinary shares (representing 0.02% of the total ordinary shares outstanding) beneficially owned by The Phoenix Investments House - trust funds. 257,000 ordinary shares (representing 0.3% of the total ordinary shares outstanding) beneficially owned by The Phoenix "nostro" accounts. 3,343,906 ordinary shares (representing 3.94% of the total ordinary shares outstanding) beneficially owned by Partnership for international shares (1). (1) All ownership rights in this partnership belong to companies that are part of Phoenix Group. The amount of ownership rights held by such companies in the partnership changes frequently according to a mechanism provided in the partnership agreement.
(b)	Percent of class: See row 11 of cover page of each reporting person
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See row 5 of cover page of each reporting person
	(ii) Shared power to vote or to direct the vote: See row 6 of cover page of each reporting person and note in Item 4(a) above
	(iii) Sole power to dispose or to direct the disposition of: See row 7 of cover page of each reporting person
	(iv) Shared power to dispose or to direct the disposition of: See row 8 of cover page of each reporting person and note in Item 4(a) above
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.

Phoenix Financial Ltd.

Signature:	/s/ Eli Schwartz
Name/Title:	Vice President - Chief Financial Officer*
Date:	08/13/2025

Signature:	/s/ Haggai Schreiber
Name/Title:	Executive Vice President - Chief Investment Officer*
Date:	08/13/2025

Comments accompanying signature: * Signature duly authorized by resolution of the Board of Directors, notice of which is attached as Exhibit 1 to this Schedule 13G.

Exhibit Information

Exhibit 1 - Notice of resolution of the Board of Directors of Phoenix Financial Ltd., dated as of December 12, 2019 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on December 4, 2023).

FAQ

How many Stratasys (SSYS) shares does Phoenix Financial own?

Phoenix Financial Ltd. beneficially owns 3,616,006 ordinary shares of Stratasys, representing 4.26% of the class based on 84,924,398 shares outstanding.

Does Phoenix Financial have sole voting control over its SSYS shares?

No. The filing reports 0 sole voting power and 3,616,006 shares as shared voting power.

How are Phoenix Financial's SSYS holdings allocated?

The filing shows 15,100 shares (0.02%) in trust funds, 257,000 shares (0.30%) in Phoenix "nostro" accounts, and 3,343,906 shares (3.94%) in a Partnership for international shares.

Is this a Schedule 13G filing for Stratasys (SSYS)?

Yes. The document is a Schedule 13G (Amendment No. 5) reporting beneficial ownership in Stratasys Ltd.

Where is Phoenix Financial Ltd. located?

The address provided is Derech Hashalom 53, Givataim, 53454, Israel.