Wearable Devices Ltd. (WLDS) large holders cut stake after 162,000-share sale
Rhea-AI Filing Summary
An amended Schedule 13D for Wearable Devices Ltd. reports that reporting persons led by J.B.D Innovation Ltd. and Victor Tshuva & Co. – Law Offices sold an aggregate 162,000 Ordinary Shares on July 27, 2026 in open market transactions.
After these sales, the group reports beneficial ownership of 381,361 Ordinary Shares, representing 17.42% of Wearable Devices’ outstanding share capital, based on 2,189,469 shares outstanding as of June 17, 2026. J.B.D holds sole dispositive power over 315,361 shares (about 14.40%), while Victor Tshuva & Co. holds sole dispositive power over 66,000 shares (about 3.01%). The July 27, 2026 sale was executed at a weighted average price of approximately $3.812 per share, for aggregate gross proceeds of about $617,544 before costs.
Positive
- None.
Negative
- None.
Filing Explained
A pending 66,000-share transfer temporarily gives Victor Tshuva & Co. voting instructions over those shares before completion.
The amendment adds a current ownership mechanic: J.B.D Innovation and Victor Tshuva & Co. agreed to act in concert, while the transfer of 66,000 Ordinary Shares to Victor Tshuva & Co. is still being effected.
Until that transfer is completed, J.B.D. has agreed to vote those shares according to Victor Tshuva & Co.’s instructions.
The filing reports shared voting power over 381,361 Ordinary Shares, with sole dispositive power split between J.B.D. and Victor Tshuva & Co.; the arrangement coordinates their voting rights before the stated transfer is complete.
Completion of the 66,000-share transfer is the specific milestone that would end this interim voting instruction.
Key Figures
Key Terms
beneficial owner regulatory
dispositive power regulatory
Schedule 13(d) regulatory
pecuniary interest regulatory
open market transactions financial
AI-generated analysis. How Rhea-AI works. Not financial advice.