What is the ADS-to-ordinary-share ratio for SaverOne (SVRE)?

Each SaverOne American Depositary Share represents 43,200 ordinary shares under an ADS ratio effective February 25, 2026. The Form 4 footnote explains that the large ordinary-share figures result from multiplying ADSs purchased by this 43,200-to-1 conversion ratio.

VisionWave boosts SaverOne (NASDAQ: SVRE) stake with ADS purchases

Filing Impact

(Very High)

Filing Sentiment

(Very Positive)

Form Type

Rhea-AI Filing Summary

VisionWave Holdings, Inc., which is deemed a director of SaverOne 2014 Ltd. by deputization, reported a series of open‑market purchases of American Depositary Shares (ADSs) on Nasdaq. Each ADS represents 43,200 ordinary shares under an ADS ratio effective February 25, 2026.

VisionWave acquired 1,144 ADSs on March 30, 2026 at $3.00 per ADS, 6,667 ADSs on April 2, 2026 at $2.93 per ADS, 16,356 ADSs on April 2, 2026 at $3.00 per ADS, and 57,907 ADSs on April 9, 2026 at $3.45 per ADS, resulting in the underlying ordinary shares reported in the Form 4.

After these purchases, VisionWave beneficially owns 10,673,985,600 ordinary shares of SaverOne, with sole voting and dispositive power over these shares, and reports no other equity or derivative securities of SaverOne aside from holdings previously reported.

Insider Trade Summary

Net Buyer: 3,545,596,800 shares ($11,742,341,472)

Net Buy 4 txns

Insider VisionWave Holdings, Inc.

Role Director

Bought 3,545,596,800 shs ($11.74B)

Type	Security	Shares	Price	Value
Purchase	Ordinary Shares	2,501,582,400	$3.45	$8.63B
Purchase	Ordinary Shares	288,014,400	$2.93	$843.88M
Purchase	Ordinary Shares	706,579,200	$3.00	$2.12B
Purchase	Ordinary Shares	49,420,800	$3.00	$148.26M

Holdings After Transaction: Ordinary Shares — 10,673,985,600 shares (Direct)

Footnotes (1)

The price reported is the price per American Depositary Share ("ADS") acquired in an open-market transaction on The Nasdaq Stock Market LLC. Each ADS represents 43,200 ordinary shares of the Issuer pursuant to the ADS ratio effective February 25, 2026. The Reporting Person acquired 1,144 ADSs on March 30, 2026 at $3, 6,667 ADSs on April 2, 2026 at $2.93, 16,356 ADSs on April 2 at $3, 2026, and 57,907 ADSs on April 9, 2026 at $3.45, all per ADS, resulting in the underlying ordinary shares reported. The Reporting Person is deemed a director of the Issuer under Section 16(a) by deputization due to its designation and control over Douglas Davis, who serves on the Issuer's Board of Directors pursuant to rights granted under the Exchange Agreement dated January 26, 2026. Reflects beneficial ownership following the reported transactions. The Reporting Person has sole voting and dispositive power over these shares. No other equity securities or derivative securities of the Issuer are beneficially owned by the Reporting Person as of the date hereof, except as previously reported on Form filed April 2, 2026.

Key Figures

ADS ratio: 43,200 ordinary shares per ADS ADS purchase March 30, 2026: 1,144 ADSs at $3.00 per ADS ADS purchases April 2, 2026: 6,667 ADSs at $2.93; 16,356 ADSs at $3.00 +3 more

6 metrics

ADS ratio 43,200 ordinary shares per ADS ADS ratio effective February 25, 2026

ADS purchase March 30, 2026 1,144 ADSs at $3.00 per ADS Open-market purchase on Nasdaq

ADS purchases April 2, 2026 6,667 ADSs at $2.93; 16,356 ADSs at $3.00 Two open-market purchases on Nasdaq

ADS purchase April 9, 2026 57,907 ADSs at $3.45 per ADS Open-market purchase on Nasdaq

Ordinary shares acquired (total) 3,545,596,800 ordinary shares Net buy shares across reported transactions

Post-transaction holdings 10,673,985,600 ordinary shares Beneficial ownership following reported transactions

Key Terms

American Depositary Share ("ADS"), Section 16(a), Exchange Agreement, beneficial ownership, +1 more

5 terms

Section 16(a) regulatory

"The Reporting Person is deemed a director of the Issuer under Section 16(a) by deputization"

Exchange Agreement financial

"pursuant to rights granted under the Exchange Agreement dated January 26, 2026"

beneficial ownership financial

"Reflects beneficial ownership following the reported transactions."

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.

voting and dispositive power financial

"The Reporting Person has sole voting and dispositive power over these shares."

Form 4 Insider Transactions: What Each Field Means →

04/15/2026 - 04:08 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VisionWave Holdings, Inc.

(Last)

(First)

(Middle)

300 DELAWARE AVE.

SUITE 310 #301

(Street)

WILMINGTON

DELAWARE

19801

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SaverOne 2014 Ltd. [ SVRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	03/30/2026		P		49,420,800	A	$3⁽¹⁾	7,177,809,600⁽²⁾	D
Ordinary Shares	04/02/2026		P		288,014,400	A	$2.93⁽¹⁾	7,465,824,000⁽²⁾	D
Ordinary Shares	04/02/2026		P		706,579,200	A	$3⁽¹⁾	8,172,403,200⁽²⁾	D
Ordinary Shares	04/09/2026		P		2,501,582,400	A	$3.45⁽¹⁾	10,673,985,600⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported is the price per American Depositary Share ("ADS") acquired in an open-market transaction on The Nasdaq Stock Market LLC. Each ADS represents 43,200 ordinary shares of the Issuer pursuant to the ADS ratio effective February 25, 2026. The Reporting Person acquired 1,144 ADSs on March 30, 2026 at $3, 6,667 ADSs on April 2, 2026 at $2.93, 16,356 ADSs on April 2 at $3, 2026, and 57,907 ADSs on April 9, 2026 at $3.45, all per ADS, resulting in the underlying ordinary shares reported.

2. The Reporting Person is deemed a director of the Issuer under Section 16(a) by deputization due to its designation and control over Douglas Davis, who serves on the Issuer's Board of Directors pursuant to rights granted under the Exchange Agreement dated January 26, 2026. Reflects beneficial ownership following the reported transactions. The Reporting Person has sole voting and dispositive power over these shares. No other equity securities or derivative securities of the Issuer are beneficially owned by the Reporting Person as of the date hereof, except as previously reported on Form filed April 2, 2026.

	/s/ Douglas Davis	04/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did VisionWave report for SaverOne (SVRE)?

VisionWave Holdings reported four open-market purchases of SaverOne ADSs on Nasdaq between March 30 and April 9, 2026. These ADS purchases converted into the large blocks of underlying ordinary shares shown in the Form 4’s non-derivative transaction table.

How many SaverOne ADSs did VisionWave buy and at what prices?

VisionWave bought 1,144 ADSs at $3.00, 6,667 ADSs at $2.93, 16,356 ADSs at $3.00, and 57,907 ADSs at $3.45. All transactions were open-market purchases on Nasdaq, with each ADS later reflected as underlying ordinary shares in the Form 4.

How many ordinary shares of SaverOne does VisionWave now beneficially own?

Following the reported transactions, VisionWave beneficially owns 10,673,985,600 SaverOne ordinary shares. The filing states VisionWave has sole voting and dispositive power over these shares and that no other equity or derivative securities are beneficially owned, aside from previously reported holdings.

What is VisionWave’s relationship to SaverOne’s board of directors?

VisionWave is deemed a director of SaverOne under Section 16(a) by deputization. This status arises from its designation and control over Douglas Davis, who serves on SaverOne’s board under rights granted in an Exchange Agreement dated January 26, 2026.

Does VisionWave report any SaverOne derivative securities in this Form 4?

No derivative securities are listed in this Form 4. The footnote states that no other equity or derivative securities of SaverOne are beneficially owned by VisionWave as of the filing date, except for positions previously reported on a Form filed April 2, 2026.