Brainsway Ltd. — Director's Dealing 2026

May 26, 2026

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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

OMB APPROVAL

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1. Name and Address of Reporting Person Mitrany Rayten Michal Ety	2. Issuer Name and Ticker or Trading Symbol Brainsway Ltd. [BWAY] 2a. Foreign Trading Symbol
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(Last)	(First) (Middle)
16 HARTUM STREET, RAD TOWER, 14TH FLOOR HAR HAHOTZVIM
(Street)
JERUSALEM	9777516
(City)	(State) (Zip/Postal Code)
ISRAEL
(Country)
Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
---	---
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)
Ordinary Shares(1)
Ordinary Shares(1)
Table II – Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security

Explanation of Responses:
1. The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
2. The sale price was NIS 45.5588 per share.
3. This figure includes ordinary shares and unvested restricted stock units ("RSUs") to receive 6,250 ordinary shares that vest quarterly until March 5, 2028, with each RSU representing a contingent right to receive one ordinary share.
4. The sale price was NIS 44.7516 per share.

/x/ Ety Mitrany

** Signature of Reporting Person

05/26/2026

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 4(b)(v).

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