Value Base Ltd. Amends Cognyte Software Holdings Filing

TL;DR

Value Base Ltd. updated its Cognyte Software stake filing, adding new group members.

AI Summary

Value Base Ltd. filed an amendment (No. 5) to its Schedule 13D on September 16, 2024, regarding its holdings in Cognyte Software Ltd. The filing indicates a change in the group members associated with Value Base Ltd., including Ido Nouberger and Tal Yaacobi. The specific details of the change in beneficial ownership or the reasons for the amendment are not fully elaborated in the provided text.

Why It Matters

This amendment signals a potential shift in significant shareholder activity or reporting structure for Cognyte Software Ltd., which could influence market perception and trading.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in activist investor strategies or significant ownership shifts, warranting closer monitoring.

Key Players & Entities

• Value Base Ltd. (company) — Filing entity
• Cognyte Software Ltd. (company) — Subject company
• Ido Nouberger (person) — Group member of Value Base Ltd.
• Tal Yaacobi (person) — Group member of Value Base Ltd.
• Value Base Fund General Partner Ltd. (company) — Group member of Value Base Ltd.
• Value Base Hedge Fund Ltd. (company) — Group member of Value Base Ltd.
• Victor Shamrich (person) — Group member of Value Base Ltd.

FAQ

Key Financial Figures

• $922,494 — 12, 2024, VBF LP invested approximately $922,494 of its equity to acquire 146,000 additi

Filing Documents

• zk2432044.htm (SC 13D/A) — 147KB
• 0001178913-24-003076.txt ( ) — 149KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

is hereby amended to add the following

Item 3 is hereby amended to add the following: On September 11-12, 2024, VBF LP invested approximately $922,494 of its equity to acquire 146,000 additional Ordinary Shares it holds directly.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

is hereby amended and restated as follows

Item 5 is hereby amended and restated as follows: (a) – (b) As of the date hereof, Harmony GP may be deemed to be the beneficial owner of the 1,114,585 Ordinary Shares held directly by Harmony LP, which represent approximately 1.55% of the number of Ordinary Shares outstanding. As of the date hereof, VBF GP may be deemed to be the beneficial owner of the 3,123,122 Ordinary Shares held directly by VBF LP, which represent approximately 4.34% of the number of Ordinary Shares outstanding. As of the date hereof, Value Base owns directly (and therefore is deemed the beneficial owner of) 1,469,213 Ordinary Shares. As the sole owner of Harmony GP and the controlling shareholder of VBF GP, Value Base may be deemed the indirect beneficial owner of 1,114,585 and 3,123,122 Ordinary Shares beneficially owned by Harmony LP and VBF LP, respectively, which together with the Ordinary Shares it owns directly aggregate to 5,706,920 Ordinary Shares representing approximately 7.94% of the number of Ordinary Shares outstanding. As of the date hereof, Mr. Shamrich owns directly (and therefore is deemed the beneficial owner of) 671,354 Ordinary Shares and, who together with Mr. Nouberger controls Value Base, may be deemed the indirect beneficial owner of 5,706,920 Ordinary Shares beneficially owned by Value Base, which together with the Ordinary Shares he owns directly aggregate to 6,378,274 Ordinary Shares representing approximately 8.87% of the number of Ordinary Shares outstanding. As of the date hereof, Mr. Nouberger owns directly (and therefore is deemed the beneficial owner of) 472,400 Ordinary Shares and, who together with Mr. Shamrich controls Value Base, may be deemed the indirect beneficial owner of 5,706,920 Ordinary Shares beneficially owned by Value Base, which together with the Ordinary Shares he owns directly aggregate to 6,179,320 Ordinary Shares representing approximately 8.59% of the number of Ordinary Shares outstanding. As of the date hereof, Mr. Yaacobi owns thr

Signatures

Signatures 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. Dated: September 16, 2024 Value Base Ltd. /s/ Ido Nouberger /s/ Victor Shamrich Name: Ido Nouberger Victor Shamrich Title: CEO Chairman Value Base Fund General Partner Ltd. By: Value Base Fund Management Ltd. /s/ Ido Nouberger * /s/ Victor Shamrich * Name: Ido Nouberger Victor Shamrich Title: Director Director Value Base Hedge Fund Ltd. /s/ Ido Nouberger ** /s/ Victor Shamrich ** Name: Ido Nouberger Victor Shamrich Title: Director Director /s/ Ido Nouberger Ido Nouberger /s/ Victor Shamrich Victor Shamrich /s/ Tal Yaacobi Tal Yaacobi * Evidence of signature authority on behalf of Value Base Fund Management Ltd. is attached as Exhibit 2 to the Schedule 13D. ** Evidence of signature authority on behalf of Value Base Hedge Fund Ltd. is attached as Exhibit 3 to the Schedule 13D. 10 Schedule A This Schedule sets forth information with respect to each purchase and sale of Ordinary Shares that were effected by the Reporting Persons during the past sixty (60) days or since the most recent filing on Schedule 13D, whichever is less. All transactions were effected in the open market through a broker. Trade Date Purchaser Transaction Number of Shares Price Per Share ($) September 11, 2021 VBF GP Buy 126,000 6.32 September 12, 2021 VBF GP Buy 20,000 6.33 11

View Full Filing

View this SC 13D/A filing on SEC EDGAR