# EDGAR Filing Document

**Accession Number:** 0001429390
**File Stem:** 0001178913-23-000394
**Filing Date:** 2023-2
**Character Count:** 12227
**Document Hash:** f32cffb62e1961717b257496856fef58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-23-000394.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001178913-23-000394

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**GROUP MEMBERS**: HAREL INSURANCE CO LTD.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Old Ayala, Inc
- **CENTRAL INDEX KEY:** 0001797336
- **STANDARD INDUSTRIAL CLASSIFICATION:** BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
- **IRS NUMBER:** 823578375
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91506
- **FILM NUMBER:** 23592640

**BUSINESS ADDRESS:**
- **STREET 1:** 1313 N. MARKET STREET
- **STREET 2:** SUITE 5100
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** (857) 444-0553

**MAIL ADDRESS:**
- **STREET 1:** 1313 N. MARKET STREET
- **STREET 2:** SUITE 5100
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ayala Pharmaceuticals, Inc.
- **DATE OF NAME CHANGE:** 20191218
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Harel Insurance Investments & Financial Services Ltd.
- **CENTRAL INDEX KEY:** 0001429390
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** HAREL HOUSE, 3 ABBA HILLEL ST.
- **CITY:** RAMAT GAN
- **STATE:** L3
- **ZIP:** 52118
- **BUSINESS PHONE:** 972-3-7547090

**MAIL ADDRESS:**
- **STREET 1:** HAREL HOUSE, 3 ABBA HILLEL ST.
- **CITY:** RAMAT GAN
- **STATE:** L3
- **ZIP:** 52118

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| |
|:---|
| **UNITED STATES**<br> **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** |

---

### SCHEDULE 13G

### (Amendment No.  ) \*

#### (Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND

AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

---

| |
|:---|
| **Ayala Pharmaceuticals, Inc.** |
| (Name of Issuer) |
| **Common Stock, par value $0.001 per share** |
| (Title of Class of Securities) |
| **007624307** <br>|
| (CUSIP Number) |
| **January 19, 2023**  |
| (Date of Event Which Requires Filing of this Statement) |

---

Check the following box to designate the rule pursuant to which the Schedule is filed:

☐ Rule 13d-1(b)

⌧ Rule 13d-1(c)

☐ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

------

CUSIP NO. **<u>007624307</u>**

---

| | | |
|:---|:---|:---|
| 1 | Name of Reporting Persons | Name of Reporting Persons |
| 1 | Harel Insurance Investments & Financial Services Ltd. | Harel Insurance Investments & Financial Services Ltd. |
| 1 | Harel Insurance Investments & Financial Services Ltd. | Harel Insurance Investments & Financial Services Ltd. |
| 2 | Check the Appropriate Box if a Member of a Group | Check the Appropriate Box if a Member of a Group |
| 2 | (a) ☒ | (a) ☒ |
| 2 | (b) ☐ | (b) ☐ |
| 3 | SEC Use only | SEC Use only |
| 3 |  |  |
| 3 |  |  |
| 4 | **Place of Organization** | **Place of Organization** |
| 4 | Israel | Israel |
| 4 | Israel | Israel |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 5 | Sole Voting Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 5 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 5 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 6 | Shared Voting Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 6 | 403,523 Shares\* |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 6 | 403,523 Shares\* |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 7 | Sole Dispositive Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 7 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 7 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 8 | Shared Dispositive Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 8 | 403,523 Shares\* |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 8 | 403,523 Shares\* |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | Aggregate Amount Beneficially Owned by Each Reporting Person |
| 9 | 403,523 Shares\* | 403,523 Shares\* |
| 9 | 403,523 Shares\* | 403,523 Shares\* |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | Check if the Aggregate Amount in Row (9) Excludes Certain Shares |
| 10 | ☐ | ☐ |
| 10 | ☐ | ☐ |
| 11 | Percent of Class Represented by Amount in Row (9) | Percent of Class Represented by Amount in Row (9) |
| 11 | 8.3%\*\* | 8.3%\*\* |
| 11 | 8.3%\*\* | 8.3%\*\* |
| 12 | Type of Reporting Person: | Type of Reporting Person: |
| 12 | CO | CO |
| 12 | CO | CO |

---

\*See Item 4.

\*\* Based on information received from the Issuer, there were 4,838,321 Shares of the Issuer issued and outstanding as of February 6, 2023.

------

CUSIP NO. **<u>007624307</u>**

---

| | | |
|:---|:---|:---|
| 1 | Name of Reporting Persons | Name of Reporting Persons |
| 1 | Harel Insurance Company Ltd. | Harel Insurance Company Ltd. |
| 1 | Harel Insurance Company Ltd. | Harel Insurance Company Ltd. |
| 2 | Check the Appropriate Box if a Member of a Group | Check the Appropriate Box if a Member of a Group |
| 2 | (a) ☒ | (a) ☒ |
| 2 | (b) ☐ | (b) ☐ |
| 3 | SEC Use only | SEC Use only |
| 3 |  |  |
| 3 |  |  |
| 4 | **Place of Organization** | **Place of Organization** |
| 4 | Israel | Israel |
| 4 | Israel | Israel |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 5 | Sole Voting Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 5 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 5 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 6 | Shared Voting Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 6 | 403,523 Shares\* |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 6 | 403,523 Shares\* |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 7 | Sole Dispositive Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 7 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 7 | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 8 | Shared Dispositive Power |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 8 | 403,523 Shares\* |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | 8 | 403,523 Shares\* |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | Aggregate Amount Beneficially Owned by Each Reporting Person |
| 9 | 403,523 Shares\* | 403,523 Shares\* |
| 9 | 403,523 Shares\* | 403,523 Shares\* |
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | Check if the Aggregate Amount in Row (9) Excludes Certain Shares |
| 10 | ☐ | ☐ |
| 10 | ☐ | ☐ |
| 11 | Percent of Class Represented by Amount in Row (9) | Percent of Class Represented by Amount in Row (9) |
| 11 | 8.3%\*\* | 8.3%\*\* |
| 11 | 8.3%\*\* | 8.3%\*\* |
| 12 | Type of Reporting Person: | Type of Reporting Person: |
| 12 | CO | CO |
| 12 | CO | CO |

---

\*See Item 4.

\*\* Based on information received from the Issuer, there were 4,838,321 Shares of the Issuer issued and outstanding as of February 6, 2023.

------

#### Item 1.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Name of Issuer:

Ayala Pharmaceuticals, Inc. (the "Issuer").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Address of Issuer's Principal Executive Offices:

9 Deer Park Drive, Suite K-1, Monmouth Junction, NJ 08852.

#### Item 2.
(a)-(c) Name of Person Filing, address and citizenship:

The following entities are referred to as the "Reporting Persons" in this Statement:

Harel Insurance Investments & Financial Services Ltd. ("Harel Holdings"), an Israeli public company, with a principal business address at Harel House; 3 Aba Hillel Street; Ramat Gan 52118, Israel.

Harel Insurance Company Ltd. ("Harel Insurance"), an Israeli company wholly owned by Harel Holdings, with a principal business address at Harel House; 3 Aba Hillel Street; Ramat Gan 52118, Israel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Title of Class of Securities:

Common Stock, par value $0.001 per share (the "Shares").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) CUSIP Number:

<br> 007624307

**Item 3.** **If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**<br>

Not Applicable.

**Item 4.** **Ownership**<br>

Of the 403,523 Shares reported in this Statement as beneficially owned by the Reporting Persons, (i) 91,720 Shares are held for members of the public through, among others, provident funds and/or mutual funds and/or pension funds and/or insurance policies and/or exchange traded funds, which are managed by subsidiaries of the Reporting Persons, each of which subsidiaries operates under independent management and makes independent voting and investment decisions, and (ii) 311,803 Shares are beneficially held for Harel Insurance's own account. Consequently, this Statement shall not be construed as an admission by the Reporting Persons that they are the beneficial owners of, or have any pecuniary interest for purposes of Section 16 of the U.S. Securities Exchange Act of 1934, as amended, in, more than 311,803 Shares.

Except as set forth above, see items 5-11 of the cover pages hereto for beneficial ownership, percentage of class and dispositive power of the Reporting Person, which are incorporated herein.

**Item 5.** **Ownership of Five Percent or Less of a Class**<br>

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 5 percent of the class of securities, check the following ☐.

**Item 6.** **Ownership of More than Five Percent on Behalf of Another Person**<br>

Not Applicable.

**Item 7.** **Identification and Classification of the Subsidiary, Which Acquired the Security Being Reported on by the Parent Holding Company**<br>

Not Applicable.

------

**Item 8.** **Identification and Classification of Members of the Group**<br>

Not Applicable.

**Item 9.** **Notice of Dissolution of Group**<br>

Not Applicable.

**Item 10.** **Certification**<br>

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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#### 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.

February 7, 2023<br>

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| |
|:---|
| HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES LTD. |
| BY: <u>/s/ Uri Rabinovitz</u> |
| Name, Title: Uri Rabinovitz, Vice President<br>|
| HAREL INSURANCE COMPANY LTD. |
| BY: <u>/s/ Uri Rabinovitz</u> |
| Name, Title: Uri Rabinovitz, Vice President |

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