# EDGAR Filing Document

**Accession Number:** 0001493318
**File Stem:** 0001493152-26-016690
**Filing Date:** 2026-4
**Character Count:** 20544
**Document Hash:** 01bb3ea52f644bb070c6be39c9709b7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-016690.hdr.sgml**: 20260415

**ACCESSION NUMBER**: 0001493152-26-016690

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260415

**DATE AS OF CHANGE**: 20260415

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** eToro Group Ltd.
- **CENTRAL INDEX KEY:** 0001493318
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95048
- **FILM NUMBER:** 26862575

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 30 SHESHET HAYAMIM STREET
- **CITY:** BNEI BRAK
- **PROVINCE COUNTRY:** L3
- **BUSINESS PHONE:** 972 73-265-6600

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 30 SHESHET HAYAMIM STREET
- **CITY:** BNEI BRAK
- **PROVINCE COUNTRY:** L3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tradonomi Ltd.
- **DATE OF NAME CHANGE:** 20100603
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRM Group Ltd.
- **CENTRAL INDEX KEY:** 0002073818

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 10 NISSIM ALONI ST.
- **CITY:** TEL AVIV
- **PROVINCE COUNTRY:** L3
- **ZIP:** 6291924
- **BUSINESS PHONE:** 972 52 8134400

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 10 NISSIM ALONI ST.
- **CITY:** TEL AVIV
- **PROVINCE COUNTRY:** L3
- **ZIP:** 6291924

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Issuer:** eToro Group Ltd.

**Title of Class of Securities:** Class A common shares, no par value per share

**CUSIP Number:** —

**Date of Event Which Requires Filing of this Statement:** 03/31/2026

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>BRM Group Ltd. | Names of Reporting Persons<br>BRM Group Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>L3 | Citizenship or Place of Organization<br>L3 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5782212.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5782212.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.26% | Percent of Class Represented by Amount in Row (9)<br>8.26% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** All shares are held of record by BRM Group (as defined in Item 2(a) below), A B Y Finance (as defined in Item 2(a) below), Eli Barkat (as defined in Item 2(a) below) and Yuval Rakavi (as defined in Item 2(a) below), which consists of (i) 1,719,908 Class A common shares held directly by BRM Group, (ii) 2,484,852 Class A common shares issuable upon conversion of Class B common shares held directly by BRM Group, (iii) 153,052 Class A common shares held directly by A B Y Finance, (iv) 147,600 Class A common shares held directly by Eli Barkat, (v) 200,624 Class A common shares issuable upon conversion of Class B common shares held directly by Eli Barkat, (vi) 523,960 Class A common shares held directly by Yuval Rakavi, and (vii) 552,216 Class A common shares issuable upon conversion of Class B common shares held directly by Yuval Rakavi. Investment and voting power of the shares held by each of the foregoing entities is exercised by the executives of BRM Group, who are Arie Nachmias, Chief Financial Officer, and Eli Barkat, Active Chairman. Each of the foregoing entities may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 70,044,443 shares outstanding, comprised of (i) 66,806,751 Class A common shares outstanding as of February 20, 2026, as reported by the Issuer in its annual report on Form 20-F filed with the Securities and Exchange Commission (the "Commission") on March 2, 2026 (the "Annual Report"), plus (ii) an aggregate of 3,237,692 Class A common shares issuable upon conversion of Class B common shares held of record by BRM Group, Eli Barkat and Yuval Rakavi.

---

| 1. | Names of Reporting Persons<br>A B Y Finance (eToro) 21 LP | Names of Reporting Persons<br>A B Y Finance (eToro) 21 LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>L3 | Citizenship or Place of Organization<br>L3 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5782212.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5782212.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.26% | Percent of Class Represented by Amount in Row (9)<br>8.26% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** All shares are held of record by BRM Group (as defined in Item 2(a) below), A B Y Finance (as defined in Item 2(a) below), Eli Barkat (as defined in Item 2(a) below) and Yuval Rakavi (as defined in Item 2(a) below), which consists of (i) 1,719,908 Class A common shares held directly by BRM Group, (ii) 2,484,852 Class A common shares issuable upon conversion of Class B common shares held directly by BRM Group, (iii) 153,052 Class A common shares held directly by A B Y Finance, (iv) 147,600 Class A common shares held directly by Eli Barkat, (v) 200,624 Class A common shares issuable upon conversion of Class B common shares held directly by Eli Barkat, (vi) 523,960 Class A common shares held directly by Yuval Rakavi, and (vii) 552,216 Class A common shares issuable upon conversion of Class B common shares held directly by Yuval Rakavi. Investment and voting power of the shares held by each of the foregoing entities is exercised by the executives of BRM Group, who are Arie Nachmias, Chief Financial Officer, and Eli Barkat, Active Chairman. Each of the foregoing entities may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 70,044,443 shares outstanding, comprised of (i) 66,806,751 Class A common shares outstanding as of February 20, 2026, as reported by the Issuer in its annual report on Form 20-F filed with the Securities and Exchange Commission (the "Commission") on March 2, 2026 (the "Annual Report"), plus (ii) an aggregate of 3,237,692 Class A common shares issuable upon conversion of Class B common shares held of record by BRM Group, Eli Barkat and Yuval Rakavi.

---

| 1. | Names of Reporting Persons<br>Eli Barkat LTD | Names of Reporting Persons<br>Eli Barkat LTD |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>L3 | Citizenship or Place of Organization<br>L3 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5782212.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5782212.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.26% | Percent of Class Represented by Amount in Row (9)<br>8.26% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** All shares are held of record by BRM Group (as defined in Item 2(a) below), A B Y Finance (as defined in Item 2(a) below), Eli Barkat (as defined in Item 2(a) below) and Yuval Rakavi (as defined in Item 2(a) below), which consists of (i) 1,719,908 Class A common shares held directly by BRM Group, (ii) 2,484,852 Class A common shares issuable upon conversion of Class B common shares held directly by BRM Group, (iii) 153,052 Class A common shares held directly by A B Y Finance, (iv) 147,600 Class A common shares held directly by Eli Barkat, (v) 200,624 Class A common shares issuable upon conversion of Class B common shares held directly by Eli Barkat, (vi) 523,960 Class A common shares held directly by Yuval Rakavi, and (vii) 552,216 Class A common shares issuable upon conversion of Class B common shares held directly by Yuval Rakavi. Investment and voting power of the shares held by each of the foregoing entities is exercised by the executives of BRM Group, who are Arie Nachmias, Chief Financial Officer, and Eli Barkat, Active Chairman. Each of the foregoing entities may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 70,044,443 shares outstanding, comprised of (i) 66,806,751 Class A common shares outstanding as of February 20, 2026, as reported by the Issuer in its annual report on Form 20-F filed with the Securities and Exchange Commission (the "Commission") on March 2, 2026 (the "Annual Report"), plus (ii) an aggregate of 3,237,692 Class A common shares issuable upon conversion of Class B common shares held of record by BRM Group, Eli Barkat and Yuval Rakavi.

---

| 1. | Names of Reporting Persons<br>Yuval Rakavi LTD | Names of Reporting Persons<br>Yuval Rakavi LTD |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>L3 | Citizenship or Place of Organization<br>L3 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5782212.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5782212.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5782212.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.26% | Percent of Class Represented by Amount in Row (9)<br>8.26% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** All shares are held of record by BRM Group (as defined in Item 2(a) below), A B Y Finance (as defined in Item 2(a) below), Eli Barkat (as defined in Item 2(a) below) and Yuval Rakavi (as defined in Item 2(a) below), which consists of (i) 1,719,908 Class A common shares held directly by BRM Group, (ii) 2,484,852 Class A common shares issuable upon conversion of Class B common shares held directly by BRM Group, (iii) 153,052 Class A common shares held directly by A B Y Finance, (iv) 147,600 Class A common shares held directly by Eli Barkat, (v) 200,624 Class A common shares issuable upon conversion of Class B common shares held directly by Eli Barkat, (vi) 523,960 Class A common shares held directly by Yuval Rakavi, and (vii) 552,216 Class A common shares issuable upon conversion of Class B common shares held directly by Yuval Rakavi. Investment and voting power of the shares held by each of the foregoing entities is exercised by the executives of BRM Group, who are Arie Nachmias, Chief Financial Officer, and Eli Barkat, Active Chairman. Each of the foregoing entities may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 70,044,443 shares outstanding, comprised of (i) 66,806,751 Class A common shares outstanding as of February 20, 2026, as reported by the Issuer in its annual report on Form 20-F filed with the Securities and Exchange Commission (the "Commission") on March 2, 2026 (the "Annual Report"), plus (ii) an aggregate of 3,237,692 Class A common shares issuable upon conversion of Class B common shares held of record by BRM Group, Eli Barkat and Yuval Rakavi.

---

**Item 1(a). Name of Issuer:**
eToro Group Ltd.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
30 SHESHET HAYAMIN STREET, BNEI BRAK, ISRAEL, 5120261.

**Item 2(a). Name of Person Filing:**
BRM Group Ltd., a limited company formed under the laws of the State of Israel ("BRM Group"); A B Y Finance (eToro) 21 LP, a limited partnership formed under the laws of State of Israel ("A B Y Finance"); Eli Barkat Ltd., a limited company formed under the laws of the State of Israel ("Eli Barkat"); Yuval Rakavi Ltd., a limited company formed under the laws of the State of Israel ("Yuval Rakavi"); (each a "Reporting Person" and, collectively, "Reporting Persons"). The agreement among the Reporting Persons to file jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act is attached hereto as Exhibit 99.1. Each Reporting Person disclaims beneficial ownership of all securities reported in this Statement except to the extent of such Reporting Person's pecuniary interest therein, if any, other than those securities reported herein as being held directly by such Reporting Person.

**Item 2(b). Address of Principal Business Office:**
10 Nissim Aloni Street, Tel Aviv, Israel 6291924

**Item 2(c). Citizenship:**
L3

**Item 2(d). Title of Class of Securities:**
Class A common shares, no par value per share

**Item 2(e). CUSIP Number:**
—

**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:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

5,782,212

**(b) Percent of class:**

8.26%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0

**(ii) Shared power to vote or to direct the vote:**

See cover page tables above. Percentage ownership based on 70,044,443 shares outstanding, comprised of (i) 66,806,751 Class A common shares outstanding as of February 20, 2026, as reported by the Issuer in the Annual Report, plus (ii) an aggregate of 3,237,692 Class A common shares issuable upon conversion of Class B common shares held of record by BRM Group, Eli Barkat and Yuval Rakavi.

**(iii) Sole power to dispose or to direct the disposition of:**

0

**(iv) Shared power to dispose or to direct the disposition of:**

See cover page tables above. Percentage ownership based on 70,044,443 shares outstanding, comprised of (i) 66,806,751 Class A common shares outstanding as of February 20, 2026, as reported by the Issuer in the Annual Report, plus (ii) an aggregate of 3,237,692 Class A common shares issuable upon conversion of Class B common shares held of record by BRM Group, Eli Barkat and Yuval Rakavi.

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

[x] 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.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### 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.

**BRM Group Ltd.**

**Date:** 04/15/2026

**By:** /s/ Arie Nachmias

**Name & Title:** Chief Financial Officer

**A B Y Finance (eToro) 21 LP**

**Date:** 04/15/2026

**By:** /s/ Arie Nachmias

**Name & Title:** Chief Financial Officer

**Eli Barkat LTD**

**Date:** 04/15/2026

**By:** /s/ Arie Nachmias

**Name & Title:** Chief Financial Officer

**Yuval Rakavi LTD**

**Date:** 04/15/2026

**By:** /s/ Arie Nachmias

**Name & Title:** Chief Financial Officer