Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 170

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 7
Chunk 170
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14,826,195                   35.46   %  
* Less than 1.0%                                                                                         

 131 
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(1)                          The number of Ordinary Shares beneficially owned by Valor BrainsWay Hopldings, LLC consists of:                       
          (i) 2,103,745 ADSs (representing 4,207,490 Ordinary Shares) and (ii) 1,500,000 ADSs (representing 3,000,000 Ordinary Shares) issuable    
        upon exercise of the Valor Warrant, which is currently exercisable. Valor Siren Ventures II L.P., Valor Siren Ventures II-A L.P. and Valor 
          Siren Ventures II-B L.P., together, the Valor Funds, collectively hold a majority of the interests in Valor and Valor Management LLC,    
          serves as the manager of Valor. Valor SV Associates II L.P., or Valor SV Associates, is the general partner of the Valor Funds, Valor    
        SV Capital II LLC, or Valor SV Capital, is the general partner of Valor SV Associates, Valor Management LP is the managing member of Valor 
      SV Capital, and Valor Funds Group LLC is the general partner of Valor Management LP and the managing member of Valor Management LLC. Jonathan
          Shulkin, a member of our Board of Directors, is a principal at Valor and an authorized officer of Valor BrainsWay and Antonio Gracias    
        is the managing member of Valor Funds Group LLC, the majority owner of Valor Management LP and of Valor Funds Group LLC, and an authorized 
          officer of Valor. By virtue of their positions and relationships with certain of the foregoing Valor entities, and with respect to Mr.   
          Shulkin his service on our Board of Directors, Messrs. Shulkin and Gracias may be deemed to share beneficial ownership over the shares   
       held of record by Valor; however, each disclaims beneficial ownership of such shares for purposes of Sections 13(d) or 13(g) of the Exchange
         Act. In addition to the aforementioned ADSs and Warrant directly held by Valor BrainsWay Holdings, LLC, Mr. Shulkin has sole voting and   
          dispositive power over 268,247 ADSs (representing 536,494 Ordinary Shares or 1.5% of our outstanding Ordinary Shares) held through an    
       entity of which he is the sole owner and Mr. Gracias has sole voting and dispositive power over 243