Key Takeaways
- Elliot Weinberger filed a Schedule 13G with the SEC regarding Hub Cyber Security Ltd., indicating zero beneficial ownership of the company’s ordinary shares.
- All ownership fields (shares owned, voting power, dispositive power) are reported as 0.00 or 0%, confirming no current stake in the issuer.
- The filing explicitly certifies that the securities were not acquired and are not held for the purpose of influencing or changing control of Hub Cyber Security Ltd.
- This constitutes a standard passive investment disclosure under SEC Rule 13d-1, typically used when holding less than 1% of a class of securities with no intent to exert influence.
- The document serves as a procedural notice of non-ownership rather than a report of significant investment activity.
Introduction to the Filing Document
This document represents a Schedule 13G filing submitted to the U.S. Securities and Exchange Commission (SEC) by Elliot Weinberger concerning Hub Cyber Security Ltd. Schedule 13G is a regulatory form used to report ownership of securities when an entity or individual acquires more than 5% but less than 20% of a class of a company’s equity securities, unless the holder qualifies for an exemption. However, a critical aspect of this specific filing is that it reports zero ownership, placing it firmly within the exemption category for holdings below 1% where passive investors file to disclose their non-controlling position. The form includes standard sections identifying the filer, the issuer, the type of security, and detailed ownership information, all of which in this case indicate no current stake in the company. The filing date is noted as June 5, 2026.
Filer and Issuer Identification Details
The filing clearly identifies Elliot Weinberger as the reporting person, providing his residential address as 11042 Topeka Pl, Cooper City, FL 33026, and confirming his citizenship as the United States of America. The issuer is identified as Hub Cyber Security Ltd., with its principal executive offices located at 2 KAPLAN ST., TEL AVIV, ISRAEL 6473403. The class of securities in question is specified as "Ordinary Shares, no par value," and the corresponding CUSIP number is M6000J184. These details establish the basic parties and instrument involved in the regulatory disclosure, confirming the filer’s identity and the specific security being reported upon, even though the subsequent ownership data shows no holding.
Analysis of Reported Ownership Figures
The core ownership information presented in Items 5 through 9 of the form consistently reports zero or negligible values across all metrics. Specifically:
- Amount beneficially owned: 0 shares
- Percent of class represented: 0%
- Sole power to vote or direct the vote: 0 shares
- Shared power to vote or direct the vote: 0 shares
- Sole power to dispose or direct the disposition: 0 shares
- Shared power to dispose or direct the disposition: 0 shares
- Aggregate amount beneficially owned: 0.0010 (appears to be a formatting artifact or error, as it contradicts the 0 shares and 0% stated elsewhere; however, the explicit "0%" in Item 11 and the zero values in all power fields override this anomaly, confirming no meaningful ownership).
This uniform reporting of zero across all relevant fields leaves no ambiguity: the filer holds no shares of Hub Cyber Security Ltd.’s ordinary shares and possesses no voting or dispositive control associated with such shares.
Explanation of the Certification Statement (Item 10)
Item 10 of the Schedule 13G contains a critical certification required by SEC regulations. Elliot Weinberger certifies, "to the best of my knowledge and belief," that the securities referred to in the statement (Hub Cyber Security Ltd.’s ordinary shares) 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." Furthermore, he certifies they were not acquired or held "in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11." This certification is standard for Schedule 13G filings and serves to distinguish passive investments (where the holder has no intention to influence corporate policy or control) from active investments reported on Schedule 13D, which imply potential involvement in corporate governance. The explicit denial of any intent to influence control is the defining characteristic of a legitimate Schedule 13G filing.
Context and Significance of a Zero-Ownership Filing
While it may seem unusual to file a Schedule 13G reporting zero ownership, this practice is permissible and sometimes occurs under specific circumstances. Investors who previously held a reportable position (typically 5% or more) but have since sold down below the reporting threshold may file an amended Schedule 13G to reflect the reduced holding, potentially down to zero. Alternatively, an individual might file an initial Schedule 13G by mistake or as a precautionary measure before acquiring shares, though the certification against control intent makes the latter less likely here. More commonly, such filings represent the termination of a prior reporting obligation. The key point is that the filing complies with SEC Rule 13d-1(a), which requires reporting when beneficial ownership exceeds 5%, but also allows for amendments to reflect changes below that threshold. A filing showing 0% ownership effectively notifies the market and the issuer that the reporting person no longer holds a position requiring disclosure under the beneficial ownership rules, providing transparency about changes in shareholder status.
Conclusion on the Nature and Purpose of the Disclosure
In summary, this Schedule 13G filing by Elliot Weinberger regarding Hub Cyber Security Ltd. is a formal regulatory notice disclosing the absence of any beneficial ownership stake in the company. All quantifiable ownership metrics are zero, and the accompanying certification explicitly negates any intent to influence or change the issuer’s control. This document does not signal an investment position but rather serves as an update to the public record, likely indicating the termination of a previous reporting obligation or a correction of prior information. It exemplifies the mechanics of the SEC’s beneficial ownership reporting system, which mandates transparency not only when significant stakes are acquired but also when such stakes are reduced below reportable levels, ensuring investors have access to current information about who holds significant influence over a company’s equity. The filing’s primary value lies in its confirmation of non-involvement, contributing to market clarity regarding the issuer’s shareholder structure.