PolyPid Ltd. — Major Shareholding Notification 2024

Apr 5, 2024

SC 13G 1 ea0203345-13gnir_polypid.htm SCHEDULE 13G

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. )*

PolyPid Ltd.

(Name of Issuer)

Ordinary Shares, no par value

(Title of Class of Securities)

M8001Q126

(CUSIP Number)

Yehuda Nir 14 Moshe Lerer St., Ness Ziona, Israel, 7404981

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 9, 2024

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. M8001Q126 13G Page 2 of 5 Pages

| 1. | NAMES
OF REPORTING PERSON Yehuda Nir |
| --- | --- |
| 2. | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)
☐ (b)
☐ |
| 3. | SEC
USE ONLY |
| 4. | CITIZENSHIP
OR PLACE OF ORGANIZATION Israel |

| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE
VOTING POWER 914,901(1) |
| --- | --- |
| 6. | SHARED
VOTING POWER 0 |
| 7. | SOLE
DISPOSITIVE POWER 914,901(1) |
| 8. | SHARED
DISPOSITIVE POWER 0 |

| 9. | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 914,901
(1) |
| --- | --- |
| 10. | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐ |
| 11. | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.6%
(2) |
| 12. | TYPE
OF REPORTING PERSON (see instructions) IN |

| (1) | Includes
415,800 ordinary shares of the Issuer underlying currently exercisable warrants held by the
Reporting Person. |
| --- | --- |
| (2) | Percentage
is based on 4,797,252 ordinary shares of the Issuer that were outstanding as of March 6,
2024 (as well as 415,800 additional ordinary shares of the Issuer underlying warrants held
by the Reporting Person), based on information contained in the Issuer’s Annual Report
on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 6, 2024. |

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CUSIP No. M8001Q126 13G Page 3 of 5 Pages

Item 1.

| (a) | Name
of Issuer PolyPid
Ltd. (the “ Issuer ”) |
| --- | --- |
| (b) | Address
of Issuer’s Principal Executive Offices 18 Hasivim Street Petach
Tikva 495376, Israel |

Item 2.

| (a) (b) | Name
of Person Filing Yehuda
Nir Address
of Principal Business Office or, if None, Residence: 14
Moshe Lerer St., Ness Ziona, Israel, 7404981 |
| --- | --- |
| (c) | Citizenship: The Reporting Person is a citizen of the State of Israel. |
| (d) | Title
of Class of Securities Ordinary shares, no par value per share (“ Ordinary Shares ”). |
| (e) | CUSIP
Number M8001Q126 |

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

| (a) | ☐ | Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
| --- | --- | --- |
| (b) | ☐ | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | ☐ | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | ☐ | Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | ☐ | An
investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ | An
employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A
parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| (h) | ☐ | A
savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ | A
church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3); |
| (j) | ☐ | A
non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J) ; |
| (k) | ☐ | Group,
in accordance with §240.13d-1(b)(1)(ii)(K). |

If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J) , please specify the type of institution: __

Not applicable.

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CUSIP No. M8001Q126 13G Page 4 of 5 Pages

Item 4. Ownership.

(a) (b) Number and percentage of Issuer Ordinary Shares beneficially owned by each Reporting Person:

Reporting Person — Yehuda Nir	914,901	17.6 %

(a)
(i)	Sole
power to vote or to direct the vote: 914,901
(ii)	Shared
power to vote or to direct the vote: 0
(iii)	Sole
power to dispose or to direct the disposition of: 914,901
(iv)	Shared
power to dispose or to direct the disposition of: 0

Based on the Form 20-F filed by the Issuer on March 6, 2024, there were 4,797,252 Ordinary Shares issued and outstanding as of March 6, 2024.

Item 5. Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer or the securities and were not acquired and are not 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.

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CUSIP No. M8001Q126 13G Page 5 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Yehuda Nir
By:	/s/ Yehuda Nir
Date:	April 1, 2024

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