Kelly Habbas reports 21.5% stake in WORK (NASDAQ: WOK)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
WORK Medical Technology Group LTD disclosure: Kelly Habbas beneficially owns 369,000 Class A Ordinary Shares, representing 21.5% of the class, and reports sole voting and sole dispositive power over those shares. The filing is dated 06/10/2026.
Positive
- None.
Negative
- None.
Key Figures
Filing date: 06/10/2026
Shares beneficially owned: 369,000 shares
Percent of class: 21.5%
3 metrics
Filing date
06/10/2026
Schedule 13G/A amendment date
Shares beneficially owned
369,000 shares
Class A Ordinary Shares reported by Kelly Habbas
Percent of class
21.5%
Percentage of Class A Ordinary Shares beneficially owned
Key Terms
Schedule 13G/A, Beneficially owned, Sole dispositive power
3 terms
Schedule 13G/A regulatory
"Amendment No. 1 and header identifying the filing as SCHEDULE 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially owned financial
"Item 4(a) Amount beneficially owned: 369,000"
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.
Sole dispositive power regulatory
"Item 4(c)(iii) Sole power to dispose or to direct the disposition of: 369,000"
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.
FAQ
What stake does Kelly Habbas report in WORK (WOK)?
Kelly Habbas reports beneficial ownership of 369,000 Class A Ordinary Shares, which equals 21.5% of the outstanding Class A shares, with sole voting and dispositive power as of 06/10/2026.
What does "sole dispositive power" mean in this 13G/A filing?
"Sole dispositive power" means the filer has exclusive authority to decide whether to sell or transfer the shares. The filing states Kelly Habbas holds sole power to dispose of the 369,000 shares reported on 06/10/2026.
Is this a Schedule 13G/A or a Schedule 13D and why does it matter?
The document is a Schedule 13G/A, an amendment to a passive/large-holder disclosure. It notifies the market of beneficial ownership rather than indicating an active acquisition strategy or takeover intent.
Where is WORK Medical Technology Group LTD's principal office listed in the filing?
The filing lists the issuer's principal executive office as 1/88 COOK ST, AUCKLAND CITY, NEW ZEALAND, 1001 in the provided disclosure.