Monica Iancu Maintains 3.12M Share Stake in MIND C.T.I. Ltd.
Ticker: MNDO · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1119083
| Field | Detail |
|---|---|
| Company | Mind Cti Ltd (MNDO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, shareholder-update
TL;DR
**Insider Monica Iancu holds steady with 3.12M shares of MIND C.T.I. Ltd., signaling continued confidence.**
AI Summary
Monica Iancu (formerly Eisinger) filed an Amendment No. 12 to Schedule 13G on January 29, 2024, disclosing her beneficial ownership of 3,121,527 Ordinary Shares of MIND C.T.I. Ltd. This filing indicates a significant, stable ownership stake by a key individual, which can be a positive signal for investors as it suggests long-term confidence in the company's future by an insider. For shareholders, this means a substantial portion of the company's shares are held by an individual with a vested interest, potentially aligning her goals with those of other investors.
Why It Matters
This filing shows a significant, consistent ownership stake by Monica Iancu, an insider, which can signal stability and confidence in MIND C.T.I. Ltd.'s long-term prospects. It matters to investors because large insider holdings often suggest that those closest to the company believe in its future value.
Risk Assessment
Risk Level: low — This filing is an amendment to a Schedule 13G, indicating a stable, non-activist ownership position by an individual, which generally presents low risk.
Analyst Insight
An investor should view this filing as a confirmation of stable insider ownership, which can be a positive indicator of long-term confidence. It doesn't suggest immediate action but reinforces the idea that a key individual remains committed to the company.
Key Numbers
- 3,121,527 — Shares Beneficially Owned (Represents Monica Iancu's total ownership in MIND C.T.I. Ltd.)
- M7024010 — CUSIP Number (Unique identifier for MIND C.T.I. Ltd.'s Ordinary Shares)
Key Players & Entities
- Monica Iancu (person) — Reporting Person, formerly Eisinger
- MIND C.T.I. Ltd. (company) — Issuer of securities
- 3,121,527 (dollar_amount) — Number of shares beneficially owned
- January 29, 2024 (date) — Date of event requiring filing
Forward-Looking Statements
- Monica Iancu will maintain her significant ownership stake in MIND C.T.I. Ltd. for the foreseeable future. (Monica Iancu) — high confidence, target: 2025-01-29
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Monica Iancu, who was formerly known as Eisinger Monica, as stated in the filing under 'NAME OF REPORTING PERSONS'.
What is the total number of shares beneficially owned by Monica Iancu in MIND C.T.I. Ltd.?
Monica Iancu beneficially owns 3,121,527 Ordinary Shares of MIND C.T.I. Ltd., as reported in 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Ordinary Shares of MIND C.T.I. Ltd. is M7024010, as listed on the cover page of the Schedule 13G.
When was the event that required this filing?
The date of the event which requires this filing is January 29, 2024, as specified on the cover page of the Schedule 13G.
Does Monica Iancu have sole or shared voting and dispositive power over her shares?
Monica Iancu has sole voting power over 3,121,527 shares and sole dispositive power over 3,121,527 shares. She has 'None' for shared voting power and shared dispositive power, as detailed in items 5, 6, 7, and 8 of the Schedule 13G.
Filing Stats: 600 words · 2 min read · ~2 pages · Grade level 8.4 · Accepted 2024-01-29 13:42:40
Filing Documents
- ea192383-13ga12lancu_mind.htm (SC 13G/A) — 31KB
- 0001213900-24-007311.txt ( ) — 32KB
If this Statement is filed pursuant to Rule 13d-1(b),
Item 3. If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable 3/5
Ownership
Item 4. Ownership. (a) Amount beneficially owned: 3,121,527 (b) Percent of class: 15.46% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 3,121,527 (ii) Shared power to vote or to direct the vote None (iii) Sole power to dispose or to direct the disposition of 3,121,527 (iv) Shared power to dispose or to direct the disposition of None
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not Applicable
Ownership of More Than Five Percent on Behalf of
Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Not Applicable
Identification and Classification of the Subsidiary
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not Applicable
Identification and Classification of Members of the
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 4/5 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. January 29, 2024 Date /s/ Monica Iancu Monica Iancu Name/Title 5/5