Key Takeaways
- Louis Porcello filed a Schedule 13D reporting beneficial ownership of 70,000 ordinary shares of Hub Cyber Security Ltd.
- The holding represents 5.5 % of the issuer’s outstanding ordinary shares.
- Porcello possesses sole voting and dispositive power over all 70,000 shares; there is no shared power.
- He is classified as an “investment adviser” under Item 3 of the form.
- The filing includes the required certifications that the shares were not acquired to influence or change control of the issuer.
- No group arrangements, trusts, or third‑party interests are disclosed; the ownership is held directly for his own account.
- The document provides transparency for investors regarding a notable insider‑level stake in a cyber‑security firm.
Overview of the Filing
This document is a Schedule 13D submitted to the U.S. Securities and Exchange Commission (SEC) by Louis Porcello. Schedule 13D is required when an individual or entity acquires beneficial ownership of more than 5 % of a class of a company’s equity securities, thereby triggering public disclosure obligations. The filing informs the market, regulators, and other shareholders about significant changes in ownership that could affect corporate governance or strategic direction. Porcello’s submission satisfies the statutory requirement to disclose the nature, amount, and purpose of his stake in Hub Cyber Security Ltd., an Israeli‑based cybersecurity technology firm whose ordinary shares trade under CUSIP M6000J184.
Identity of the Reporting Person
The reporting person is Louis Porcello, who lists his residence as 2151 E Maddox Road, Buford, GA 30519, United States. He identifies himself as a U.S. citizen. The filing includes his professional title (“Account Manager”) and a signature line dated May 18, 2026, confirming that the information provided is true, complete, and correct to the best of his knowledge after reasonable inquiry. By providing his address and citizenship, the form meets the SEC’s identification requirements for individuals reporting beneficial ownership.
Details of the Securities Held
Porcello reports ownership of 70,000 ordinary shares of Hub Cyber Security Ltd. The shares are identified by CUSIP M6000J184, which uniquely specifies the class of securities to which the filing pertains. Ordinary shares constitute the basic equity interest in the company, carrying the standard rights to vote on corporate matters and to receive dividends, if any. The filing does not indicate any derivative positions, options, or other securities linked to these shares; the disclosed amount reflects the outright shares held directly by Porcello.
Ownership Percentage and Voting/Dispositive Power
The 70,000 shares represent 5.5 % of the total outstanding ordinary shares of Hub Cyber Security Ltd., calculated based on the issuer’s current capitalization as of the filing date. Porcello states that he has sole power to vote (or to direct the vote) over all 70,000 shares and sole power to dispose (or to direct the disposition) of the same amount. Correspondingly, he reports zero shared voting power and zero shared dispositive power. This concentration of control means that Porcello can independently decide how the shares are voted in shareholder meetings and how they may be transferred or sold, without needing to coordinate with any other party.
Classification Under Item 3
In response to Item 3 of the Schedule 13D, Porcello checks the box indicating that he is an “investment adviser” as defined under Section 13(d)(1)(b)(1)(ii)(E) of the Securities Exchange Act of 1934. This classification suggests that his acquisition of the shares is undertaken in the course of providing investment advice, rather than as a broker‑dealer, bank, insurance company, investment company, employee benefit plan, parent holding company, savings association, church plan, or non‑U.S. institution. The designation helps the SEC and market participants understand the nature of his relationship to the securities and the likely motivation behind the holding.
Disclosures Pertaining to Items 4‑10
Item 4 confirms the exact number of shares beneficially owned (70,000) and the percentage of class (5.5 %). Items 5 and 6 are marked “Not Applicable,” indicating that Porcello does not hold 5 % or less of the class (contrary to the threshold that would trigger a different filing) and that he is not holding the shares on behalf of another person. Items 7 through 9—concerning subsidiary acquisitions, group membership, and dissolution of any group—are also marked “Not Applicable,” reflecting that there is no corporate structure, partnership, or syndicate involved in this ownership. Finally, Item 10 contains the certification required by the SEC: Porcello affirms that the securities were not acquired and are not held for the purpose of, or with the effect of, changing or influencing control of Hub Cyber Security Ltd., nor were they acquired in connection with any transaction having that purpose, except for activities solely related to a possible nomination under Rule 14a‑11.
Signature, Date, and Supporting Statements
At the end of the form, Porcello signs his name, lists his title as Account Manager, and provides the date 05/18/2026. He includes a statement that, after reasonable inquiry and to the best of his knowledge and belief, the information set forth in the statement is true, complete, and correct. No additional comments accompany the signature (the field reads “N/a”). This attestation satisfies the SEC’s requirement that the filer personally vouch for the accuracy of the disclosed information, thereby deterring false or misleading submissions.
Implications for Investors and Market Observers
The disclosure of a 5.5 % stake by an individual investment adviser may be interpreted in several ways. On one hand, it signals a meaningful confidence in Hub Cyber Security Ltd.’s prospects, potentially influencing other investors to view the stock favorably. On the other hand, because Porcello holds sole voting and dispositive power, his decisions regarding the shares—such as selling a large block or voting against management proposals—could have a noticeable impact on share price or corporate governance. The explicit certification that the holding is not intended to affect control alleviates concerns about activist intent, yet the sheer size of the position warrants monitoring. Overall, the filing enhances market transparency, allowing stakeholders to assess the concentration of ownership and consider any attendant risks or opportunities when evaluating Hub Cyber Security Ltd.’s investment profile.