AudioCodes Insider Adlersberg Holds 4.58M Shares, Signals Confidence
Ticker: AUDC · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1086434
| Field | Detail |
|---|---|
| Company | Audiocodes LTD (AUDC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: insider-holding, amendment, ownership-disclosure
TL;DR
**Insider Shabtai Adlersberg still owns 4.58M AudioCodes shares, showing strong conviction.**
AI Summary
Shabtai Adlersberg, a key figure at AudioCodes Ltd., filed an SC 13G/A on February 5, 2024, disclosing his beneficial ownership of 4,580,253 ordinary shares as of December 31, 2023. This filing, an amendment (No. 21), indicates a significant, stable stake in the company. For investors, this shows that a major insider maintains a substantial personal investment, which can signal confidence in the company's future.
Why It Matters
This filing confirms that a significant insider, Shabtai Adlersberg, maintains a substantial personal stake in AudioCodes, which can be a positive signal for current and potential investors.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant insider holding, which generally reduces perceived risk as it aligns insider and shareholder interests.
Analyst Insight
A smart investor would view this stable, significant insider holding as a positive indicator, suggesting alignment of interests and potential confidence in AudioCodes' long-term prospects, and might consider further research into the company's fundamentals.
Key Numbers
- 4,580,253 — Shares Beneficially Owned (Represents Shabtai Adlersberg's total beneficial ownership in AudioCodes Ltd. as of December 31, 2023.)
- December 31, 2023 — Date of Event (The date as of which the beneficial ownership information is reported in the filing.)
- February 5, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
Key Players & Entities
- Shabtai Adlersberg (person) — Reporting Person, beneficial owner of shares in AudioCodes Ltd.
- AudioCodes Ltd. (company) — The issuer of the securities being reported on.
- 4,580,253 (dollar_amount) — Number of shares beneficially owned by Shabtai Adlersberg.
Forward-Looking Statements
- Shabtai Adlersberg will maintain a significant ownership stake in AudioCodes Ltd. (Shabtai Adlersberg) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Shabtai Adlersberg, as stated in 'NAMES OF REPORTING PERSONS' on page 2 of the filing.
What is the name of the issuer whose securities are being reported on?
The issuer is AudioCodes Ltd., as identified under 'Name of Issuer' on page 1 of the filing.
How many shares does Shabtai Adlersberg beneficially own according to this filing?
Shabtai Adlersberg beneficially owns 4,580,253 shares, as indicated in 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON' on page 2 of the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number is M15342-10-4, as listed under 'CUSIP Number' on page 1 of the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on page 1 of the filing.
Filing Stats: 912 words · 4 min read · ~3 pages · Grade level 8.2 · Accepted 2024-02-05 14:58:30
Filing Documents
- tm244142d2_sc13ga.htm (SC 13G/A) — 51KB
- 0001104659-24-010551.txt ( ) — 52KB
Ownership
Item 4. Ownership. (a) Amount beneficially owned: 4,580,253 ( see footnote + on page 2) (b) Percent of class: 15.0% ( See footnote * on page 2) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 4,580,253 ( see footnote + on page 2) (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 4,580,253 ( see footnote + on page 2) (iv) Shared power to dispose or to direct the disposition of 0 CUSIP No. M15342 10-4 SCHEDULE 13G Page 5 of 6 Pages
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Instruction: Dissolution of a group requires a response to this item. Not Applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five 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.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not Applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable.
Certifications
Item 10. Certifications. Not Applicable. 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. February 5, 2024 /s/ SHABTAI ADLERSBERG Shabtai Adlersberg Page 6 of 6 pages