Indaptus Therapeutics Inc.
98.00%
111,000,000
1857044
45339J105
Feb 25, 2026
Mar 2, 2026, 05:20 PM
Reporting Persons (1)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Lazar David E. | Individual | 98.00% | 111,000,000 | 111,000,000 | 0 |
Disclosure Items (7)
Common Stock, $0.01 par value
Indaptus Therapeutics Inc.
c/o Indaptus Therapeutics, Inc., New York, NY, 10019
This statement is filed by David Elliot Lazar (the "Reporting Person").
The principal business address of the Reporting Person is 44, Tower 100, The Towers, Winston Churchill, San Francisco, Paitilla, Panama City, Panama 07196.
The Reporting Person is a private investor.
The Reporting Person has not, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
The Reporting Person is a citizen of Portugal and Israel.
As described further in Item 6 below, on December 22, 2025, the Issuer entered into a securities purchase agreement (the "SPA") with the Reporting Person, pursuant to which the Reporting Person agreed to acquire from the Issuer (i) an aggregate of 300,000 shares of Series AA Convertible Non-Redeemable Preferred Stock (the "Series AA Preferred Stock") convertible into an aggregate of 6 million shares of the Issuer's common stock for $1.8 million and (ii) an aggregate of 700,000 shares of Series AAA Convertible Non-Redeemable Preferred Stock (the "Series AAA Preferred Stock" and together with the Series AA Preferred Stock, the "Preferred Stock") convertible into an aggregate of 105 million shares of the Issuer's common stock for $4.2 million, for total transaction consideration of $6 million. The Preferred Stock was not convertible into Shares unless and until approved by the Issuer's stockholders, which approval was obtained on February 26, 2026.
The aggregate percentage of Shares beneficially owned by the Reporting Person is based upon 2,242,324 Shares outstanding as of January 21, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on January 21, 2026. As of the close of business on March 2, 2026, the Reporting Person beneficially owned 111,000,000 Shares. Percentage: Approximately 98.0%
1. Sole power to vote or direct vote: 111,000,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 111,000,000 4. Shared power to dispose or direct the disposition: 0
The transactions in the Shares by the Reporting Person during the past sixty days are set forth in more detail in Item 6.
No person other than the Reporting Person is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
Not applicable.
On December 22, 2025, the Issuer entered into the SPA with the Reporting Person, pursuant to which the Reporting Person agreed to acquire from the Issuer (i) an aggregate of 300,000 shares of Series AA Convertible Non-Redeemable Preferred Stock (the "Series AA Preferred Stock") convertible into an aggregate of 6 million shares of the Issuer's common stock for $1.8 million and (ii) an aggregate of 700,000 shares of Series AAA Convertible Non-Redeemable Preferred Stock (the "Series AAA Preferred Stock" and together with the Series AA Preferred Stock, the "Preferred Stock") convertible into an aggregate of 105 million shares of the Issuer's common stock for an additional $4.2 million, for total transaction consideration of $6 million. The Preferred Stock became convertible following the Stockholder Meeting on February 26, 2026, at which the Issuer's stockholders approved, among other things, a) an increase in the Issuer's authorized common stock to enable the Issuer to issue all of the Shares that are issuable upon the conversion of the Preferred Stock and b) the issuance of Shares upon conversion of the Preferred Stock in accordance with the listing rules of The Nasdaq Stock Market, LLC (the "Stockholder Approval"). Following the Stockholder Approval, each share of Series AA Preferred Stock became convertible into 20 Shares per share of Series AA Preferred Stock, or an aggregate of 6 million Shares, and each share of Series AAA Preferred Stock became convertible into 150 Shares per share of Series AAA Preferred Stock, or an aggregate of 105 million Shares. The SPA contains customary representations, warranties and agreements of the Issuer and the Reporting Person, limitations, and conditions regarding sales of the Issuer's common stock, indemnification rights and other obligations of the parties. Furthermore, the SPA contains certain covenants that the Issuer is obligated to comply with, such as holding a special meeting of stockholders for purposes of obtaining the Stockholder Approval and electing certain directors to the Issuer's board of directors. Furthermore, the Issuer and Reporting Person agree to be bound by certain covenants pursuant to the SPA, as more fully set forth therein. The Issuer also granted the Reporting Person a right to participate in subsequent financing transactions where the Issuer issues common stock or common stock equivalents for cash consideration, indebtedness or a combination thereof. The foregoing description of the SPA does not purport to be complete and is qualified in its entirety by reference to the SPA, which is filed as an exhibit to this Schedule 13D, and is incorporated by reference herein. Except as described in this Item 6, the Reporting Person does not have any other contracts, arrangements, understandings or relationships with respect to the Issuer's securities.
99.1 Securities Purchase Agreement, dated as of December 22, 2025, by and between the Issuer and David Lazar (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Indaptus Therapeutics, Inc. on December 23, 2025). https://www.sec.gov/Archives/edgar/data/1857044/000149315225029107/ex10-1.htm