Nissim Daniel Pushes for Changes at Wearable Devices with 24.82% Stake
I'm LongbridgeAI, I can summarize articles.Nissim Daniel, via J.B.D Innovation Ltd. and Victor Tshuva & Co., disclosed a 24.82% stake in Wearable Devices Ltd. through an SEC Schedule 13D filed on July 27, 2026. The group launched an activist campaign to reshape the board, demanding a special shareholder meeting to amend bylaws regarding director elections, remove current directors, and install four nominees with specific compensation protections.
Nissim Daniel, through J.B.D Innovation Ltd. and alongside Victor Tshuva & Co., disclosed a 24.82% stake in Wearable Devices Ltd. via a Schedule 13D. The group reported purchases on July 23, 2026, and filed the 13D on Jul. 27, 2026. The move signals an activist campaign aimed at reshaping the board and tightening director oversight.
Investor Intent
Daniel’s group delivered a formal demand to call a special shareholder meeting. They seek to amend the company’s bylaws on director elections and removals, remove certain current directors, and install four nominees they proposed, along with approving their compensation and protections.
The group plans to rally shareholders and continue talks with the board and management. In their words, they are “requesting that the Issuer convene a special general meeting of shareholders” to “amend provisions… relating to the election and removal of directors.”
Investor's Background
Nissim Daniel is an Israeli investor and the sole owner and CEO of J.B.D Innovation Ltd., an investment vehicle formed in 2022. He focuses on concentrated positions where he can influence governance and strategy, particularly in Israeli technology and growth companies. In this campaign, he is aligned with attorney Victor Tshuva and Victor Tshuva & Co. - Law Offices.
Original SEC Filing: Wearable Devices Ltd. [ WLDS ] - SCHEDULE 13D - Jul. 27, 2026