[SCHEDULE 13G] Teladoc Health, Inc. Passive Investment Disclosure (>5%)
Voss-affiliated group reports ~5.0% stake in Teladoc
Teladoc Health (Common Stock) ownership disclosure: a group led by Voss entities and Travis W. Cocke reports beneficial ownership stakes in the issuer.
Teladoc Health (Common Stock) ownership disclosure: a group led by Voss entities and Travis W. Cocke reports beneficial ownership stakes in the issuer. The filing lists specific holdings by entity, including 9,025,722 shares held by Voss Capital/Cocke-affiliated accounts and related entities and references 180,513,087 shares outstanding as of April 23, 2026.
The schedule states that Voss Value Master Fund beneficially owns 1,803,606 shares (including 700,000 shares underlying currently exercisable call options), Voss Value-Oriented Special Situations Fund owns 200,000 shares, and Voss GP may be deemed to beneficially own both fund holdings. The filing attributes approximately 5.00% beneficial ownership to Voss Capital and to Travis W. Cocke on an aggregate basis, and smaller percentages to the other named reporting persons.
Positive
None.
Negative
None.
Insights
Filing reports concentrated stake by Voss-affiliated entities totaling roughly 5.0% of Teladoc.
The schedule lists explicit share counts and percentages: 9,025,722 shares associated with Voss Capital/Cocke entities and 180,513,087 shares outstanding as of April 23, 2026, producing the disclosed ~5.00% ownership figures. The filing also notes 700,000 shares underlying exercisable call options included in the fund totals.
Key dependencies include the issuer's outstanding share count cited from its Form 10-Q; any change in that baseline would alter percentage calculations. Subsequent filings may update positions or percentages.
Schedule 13G mechanics: aggregation and attribution across funds, GP, manager, and individual are explicitly disclosed.
The filing attributes holdings to five reporting persons and explains how Voss GP (general partner) and Voss Capital (investment manager) may be deemed beneficial owners of fund positions and managed accounts. The report follows the required disclosure format, including sole voting/dispositive power line items and citizenship/place of organization for each filer.
Material follow-ups would appear in amendments if holdings change above reporting thresholds; the filing provides signatures and dates of execution on 06/22/2026.
Key Figures
Shares outstanding used:180,513,087 sharesVoss Capital-associated holdings:9,025,722 sharesVoss Value Master Fund holdings:1,803,606 shares+3 more
6 metrics
Shares outstanding used180,513,087 sharesas of April 23, 2026
Voss Capital-associated holdings9,025,722 sharesaggregate holdings attributed to Voss Capital/Cocke entities
Voss Value Master Fund holdings1,803,606 sharesincludes 700,000 shares underlying exercisable call options
Voss Value-Oriented Special Situations Fund holdings200,000 sharesbeneficially owned as stated
Reported ownership percentage5.00%Voss Capital and Travis W. Cocke aggregate beneficial ownership
Exercisable options included700,000 sharescall options currently exercisable counted in fund totals
Key Terms
beneficially owned, call options currently exercisable, sole dispositive power, general partner
4 terms
beneficially ownedregulatory
"Voss Value Master Fund may be deemed the beneficial owner of the 1,803,606 Common Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
call options currently exercisablefinancial
"including 700,000 Shares underlying certain call options which are currently exercisable"
sole dispositive powerregulatory
"Sole Dispositive Power 1,803,606.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
general partnerlegal
"Voss GP, as the general partner of Voss Value Master Fund"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Voss Capital report in Teladoc (TDOC)?
Voss Capital reports beneficial ownership of 9,025,722 shares, which the filing states represents approximately 5.00% of Teladoc's outstanding shares as of April 23, 2026. The figure aggregates fund, managed accounts and attributable interests disclosed in the schedule.
How many shares does Voss Value Master Fund hold in TDOC?
Voss Value Master Fund beneficially owns 1,803,606 shares, including 700,000 shares underlying call options that are currently exercisable, as stated in the filing. The schedule lists voting and dispositive powers tied to that holding.
What outstanding share count does the filing use to compute percentages?
The filing uses 180,513,087 shares outstanding as disclosed in Teladoc's Form 10-Q, cited with an as of date of April 23, 2026. Percentages reported in the schedule are computed against this figure.
Why are multiple Voss entities listed separately in the Schedule 13G?
The filing lists each reporting person—funds, the general partner, the investment manager, and an individual—because beneficial ownership may be attributable through different legal roles. The schedule explains how holdings are aggregated for attribution purposes.
Does the filing disclose exercisable options included in reported holdings?
Yes. The schedule explicitly states that 700,000 shares included in Voss Value Master Fund's count are underlying call options that are currently exercisable and therefore counted as beneficially owned.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Teladoc Health, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
87918A105
(CUSIP Number)
06/17/2026
(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):
87918A105
1
Names of Reporting Persons
Voss Value Master Fund, LP
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
1,803,606.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,803,606.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,803,606.00
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)
1.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
87918A105
1
Names of Reporting Persons
Voss Value-Oriented Special Situations Fund, LP
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
200,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
200,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
200,000.00
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)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
87918A105
1
Names of Reporting Persons
Voss Advisors GP, 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
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,003,606.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,003,606.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,003,606.00
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)
1.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
87918A105
1
Names of Reporting Persons
Voss Capital, LP
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
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
7,690,451.00
6
Shared Voting Power
1,335,271.00
7
Sole Dispositive Power
7,690,451.00
8
Shared Dispositive Power
1,335,271.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,025,722.00
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)
5.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
87918A105
1
Names of Reporting Persons
Cocke Travis W.
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
7,690,451.00
6
Shared Voting Power
1,335,271.00
7
Sole Dispositive Power
7,690,451.00
8
Shared Dispositive Power
1,335,271.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,025,722.00
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)
5.0 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Teladoc Health, Inc.
(b)
Address of issuer's principal executive offices:
155 E 44TH STREET, SUITE 1700, NEW YORK, NEW YORK, 10017
Item 2.
(a)
Name of person filing:
The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are:
1. Voss Value Master Fund, L.P. ("Voss Value Master Fund");
2. Voss Value-Oriented Special Situations Fund, L.P. ("Voss Value-Oriented Special Situations Fund");
3. Voss Advisors GP, LLC ("Voss GP");
4. Voss Capital, L.P. ("Voss Capital"); and
5. Travis W. Cocke.
(b)
Address or principal business office or, if none, residence:
a) Voss Value Master Fund: 3773 Richmond, Suite 500 Houston, Texas 77046
b) Voss Value-Oriented Special Situations Fund: 3773 Richmond, Suite 500 Houston, Texas 77046
c) Voss GP: 3773 Richmond, Suite 500 Houston, Texas 77046
d) Voss Capital: 3773 Richmond, Suite 500 Houston, Texas 77046
e) Travis W. Cocke: 3773 Richmond, Suite 500 Houston, Texas 77046
(c)
Citizenship:
a) Voss Value Master Fund: Cayman Islands
b) Voss Value-Oriented Special Situations Fund: Delaware
c) Voss GP: Texas
d) Voss Capital: Texas
e) Travis W. Cocke: USA
(d)
Title of class of securities:
Common Stock, par value $0.001 per share
(e)
CUSIP Number(s):
87918A105
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:
As of the date hereof:
a) Voss Value Master Fund may be deemed the beneficial owner of the 1,803,606 Common Shares of the Issuer (the "Shares"), including 700,000 Shares underlying certain call options which are currently exercisable.
b) Voss Value-Oriented Special Situations Fund beneficially owned 200,000 Shares.
c) Voss GP, as the general partner of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 1,803,606 Shares beneficially owned by Voss Value Master Fund, including 700,000 Shares underlying certain call options which are currently exercisable, and (ii) 200,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund.
d) Voss Capital, as the investment manager of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and certain accounts managed by Voss Capital (the "Voss Managed Accounts"), may be deemed the beneficial owner of the (i) 1,803,606 Shares beneficially owned by Voss Value Master Fund, including 700,000 Shares underlying certain call options which are currently exercisable, (ii) 200,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 7,022,116 Shares held in the Voss Managed Accounts.
e) Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 1,803,606 Shares owned by Voss Value Master Fund, including 700,000 Shares underlying certain call options which are currently exercisable, (ii) 200,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 7,022,116 Shares held in the Voss Managed Accounts.
(b)
Percent of class:
The aggregate percentage of the Shares reported owned by each person named herein is based upon 180,513,087 Shares outstanding as of April 23, 2026, which is the total number of Shares outstanding as disclosed in the Issuer's Form 10Q filed with the Securities and Exchange Commission on April 30, 2026.
As of the date hereof:
(i) Voss Value Master Fund may be deemed to beneficially own approximately 1.00% of the outstanding Shares;
(ii) Voss Value-Oriented Special Situations Fund may be deemed to beneficially own approximately 0.10% of the outstanding Shares;
(iii) Voss GP may be deemed to beneficially own approximately 1.10% of the outstanding Shares;
(iv) Voss Capital may be deemed to beneficially own approximately 5.00% of the outstanding Shares (approximately 3.89% of the outstanding Shares are held in the Voss Managed Accounts); and
(v) Mr. Cocke may be deemed to beneficially own approximately 5.00% of the outstanding Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
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.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1
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.
Voss Value Master Fund, LP
Signature:
/s/ Travis W. Cocke
Name/Title:
Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
Date:
06/22/2026
Voss Value-Oriented Special Situations Fund, LP
Signature:
/s/ Travis W. Cocke
Name/Title:
Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
