Brainsway Ltd. — Director's Dealing 2026

Mar 18, 2026

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Shulkin Jonathan K	2. Date of Event Requiring Statement (Month/Day/Year) 03/18/2026
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(Last)
320 N. SANGAMON ST. SUITE 1200
(Street)
CHICAGO
(City)	(State)
Table I – Non-Derivative Securities Beneficially Owned
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1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)
Ordinary Shares(1)	536,494
Ordinary Shares(1)	5,314,950
Table II – Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)
	Date Exercisable

Explanation of Responses:

1. The Ordinary Shares are currently represented by American Depositary Shares, each of which represents one Ordinary Share.
2. The reporting person disclaims beneficial ownership of the securities held of record by Valor Brainsway Holdings, LLC except to the extent of any pecuniary interest of the reporting person therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.

Jonathan Shulkin

** Signature of Reporting Person

03/18/2026

Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

• If the form is filed by more than one reporting person, see Instruction 5(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78f(a).

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