Key Takeaways
- Chad Laprince Williams disclosed beneficial ownership of 766,368 common shares of Hub Cyber Security Ltd., representing approximately 59.8 % of the issuer’s outstanding class.
- The reporting person holds sole voting and sole dispositive power over all reported shares; no shared voting or dispositive power is indicated.
- The filing is a Schedule 13D submitted under Section 13(d) of the Securities Exchange Act of 1934, indicating that the shares were acquired with the intent to influence or change control of the issuer, unless otherwise exempted.
- Williams certifies that the shares were not acquired for the purpose of changing or influencing control, except for activities related to a possible nomination under Rule 14a‑11.
- The disclosure includes detailed identifying information (CUSIP M6000J184, issuer address in Tel Aviv, Williams’ Maryland residence) and confirms U.S. citizenship.
- No group membership, proxy arrangements, or holdings on behalf of another person are reported; all applicable “Not Applicable” boxes are checked.
- The filing was signed and dated June 1, 2026, after a reasonable inquiry confirming the accuracy of the information.
Overview of the Filing
This document is a Schedule 13D, the beneficial ownership report required when an individual or entity acquires more than five percent of a class of a company’s equity securities with the potential to affect corporate control. The form captures the identity of the reporting person, the nature and amount of securities owned, and any relationships or agreements that might suggest a motive to influence the issuer. In this case, the filing discloses that Chad Laprince Williams, an individual resident of Fort Meade, Maryland, holds a substantial stake in Hub Cyber Security Ltd., an Israeli‑based cybersecurity firm.
Identity of the Reporting Person
Chad Laprince Williams is identified as the sole reporting person. His address is listed as 7721 Ray St., Fort Meade, MD 20755, and his citizenship is recorded as United States of America. The form includes a checkbox section for various categories of reporters (e.g., broker‑dealer, bank, investment adviser); none of those boxes are marked, indicating that Williams is filing as an individual investor rather than as an institutional entity.
Details of the Issuer
The issuer named in the filing is Hub Cyber Security Ltd., with its principal executive offices located at 2 Kaplan St., Tel Aviv, Israel 6473403. The class of securities involved is the company’s common shares, identified by CUSIP number M6000J184. The issuer’s Israeli location underscores the cross‑border nature of the disclosure, as a U.S. individual is reporting ownership in a foreign‑registered corporation.
Quantity and Percentage of Ownership
Williams reports beneficial ownership of 766,368 common shares. This amount corresponds to 59.8 % of the class of shares outstanding, a figure that well exceeds the five‑percent threshold triggering Schedule 13D filing requirements. The large percentage signals a potentially controlling interest, though the filing includes a certification that the shares were not acquired for the purpose of changing or influencing control, except where related to a possible nomination under Rule 14a‑11.
Voting and Dispositive Power
The filing specifies that Williams possesses sole voting power over all 766,368 shares (766,368.00) and sole dispositive power over the same amount. Shared voting power and shared dispositive power are both reported as zero. This concentration of both voting and dispositive authority reinforces the notion that Williams can unilaterally determine how the shares are voted and disposed of, absent any agreements with other parties.
Exclusions and Exemptions
Several items on the form are marked “Not Applicable,” including ownership of five percent or less of a class, ownership of more than five percent on behalf of another person, identification of a subsidiary that acquired the security, group member classification, and notice of group dissolution. These selections indicate that Williams is acting alone, without any arrangement to hold shares for another party, and that he is not part of a reporting group.
Certification Statement
At the conclusion of the Schedule 13D, Williams provides a certification: after reasonable inquiry and to the best of his knowledge and belief, the securities referred to were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, except for activities solely related to a possible nomination under Section 14a‑11. He also affirms that the information set forth in the statement is true, complete, and correct. This certification is a standard safeguard to prevent misleading disclosures about control intentions.
Regulatory Context and Implications
Schedule 13D filings serve to inform the market and regulators when a shareholder accumulates a stake large enough to potentially influence corporate governance. The disclosed 59.8 % stake would typically raise concerns about a possible change‑of‑control transaction, prompting scrutiny from the issuer’s board, other shareholders, and possibly antitrust authorities if the holder operates in a related industry. However, Williams’ explicit denial of control‑changing intent—coupled with the nomination‑related carve‑out—suggests that his motivation may be strategic investment or advocacy rather than an outright takeover attempt.
Potential Motivations and Market Impact
While the filing does not detail Williams’ reasons for acquiring the stake, several plausible motivations exist for an individual investor to hold a nearly sixty percent interest in a cybersecurity firm: confidence in the company’s growth prospects, desire to influence strategic direction (e.g., product development, market expansion), or positioning for a future merger or acquisition. The market may interpret such a large holding as a vote of confidence, potentially supporting the share price, or as a signal of impending corporate changes, which could provoke volatility depending on other shareholders’ reactions.
Conclusion
The Schedule 13D filed by Chad Laprince Williams provides a transparent snapshot of a significant equity position in Hub Cyber Security Ltd. It discloses the exact number of shares owned, the percentage of the class represented, and the exclusive voting and dispositive control exercised by the reporting person. Although the ownership level is substantial enough to trigger control‑related considerations, the accompanying certification asserts that the shares are held primarily for investment purposes, with any potential influence limited to nomination activities under Rule 14a‑11. The filing thus fulfills regulatory disclosure requirements while offering insight into the shareholder’s stake and intentions in the cybersecurity sector.
