{"url_path":"/sec/rdcm/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-03-31","source_url":"https://www.sec.gov/Archives/edgar/data/1016838/0001213900-26-036862-index.html","accession_number":"0001213900-26-036862","cik":"0001016838","ticker":"RDCM","issuer_name":"RADCOM LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1016838/0001213900-26-036862-index.html","primary_entity_key":"0001016838","primary_entity_name":"RADCOM LTD"},"word_count":1979,"has_tables":true,"body_markdown":"**ITEM\n7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n \n\n \n**A.**\n**MAJOR SHAREHOLDERS**\n\n \n\nThe\nfollowing table sets forth information with respect to the beneficial ownership of our ordinary shares as of March 23, 2026, by:\n\n \n\n \n●\neach person or entity known\nby us to own beneficially more than 5% of our outstanding ordinary shares;\n\n \n\n \n●\neach of our directors and\nexecutive officers individually; and\n\n \n\n \n●\nall of our executive officers\nand directors as a group.\n\n \n\n51\n\n \n\n \n\nThe\nbeneficial ownership of ordinary shares is determined in accordance with the SEC rules and generally includes any ordinary shares over\nwhich a person exercises sole or shared voting or investment power. For purposes of the table below, we deem shares subject to Options\nthat are currently exercisable or exercisable within 60 days of March 23, 2026, and RSUs, that shall vest within 60 days of March 23,\n2026, to be outstanding and to be beneficially owned by the person holding the Options or RSUs for the purposes of computing the percentage\nownership of that person but we do not treat them as outstanding for the purpose of computing the percentage ownership of any other person.\nThe percentage of shares beneficially owned is based on 16,690,457 ordinary shares outstanding as of March 23, 2026.\n\n \n\nThe\ninformation presented below is based on information provided to us by the directors, officers, and shareholders or disclosed in public\nfilings with the SEC. The voting rights of our major shareholders do not differ from the voting rights of other holders of our ordinary\nshares.\n\n \n\nNone\nof our executive officers or directors beneficially owns 1% or more of our outstanding ordinary shares.\n\n \n\nAs\nof March 23, 2026, our ordinary shares had a total of 13 holders of record, of which 7 were registered with addresses in the United States.\nWe believe that the number of beneficial owners of our shares is substantially greater than the number of record holders, because a large\nportion of our ordinary shares is held of record in broker “street name”.\n\n \n\nName \n**Number\nof Ordinary Shares beneficially owned(1)**  \n**Percentage\nof Outstanding Ordinary Shares beneficially owned(2)** \n\nPrincipal Shareholders \n   \n  \n\nLynrock Lake LP \n 3,166,666(3)   \n 19.0%\n\nMichael Zisapel and Klil Zisapel \n 2,294,738(4) \n 13.7%\n\nBarclays PLC \n 1,114,430(5) \n 6.7%\n\nAWM Investment Company, Inc. \n 991,261(6) \n 5.9%\n\nValue Base Ltd. \n 865,009(7) \n 5.2%\n\n  \n    \n   \n\nDirectors and Officers \n    \n   \n\nRami Schwartz \n  *  \n  * \n\nRachel (Heli) Bennun \n  *  \n  * \n\nAndre Fuetsch \n  *  \n  * \n\nOren Most \n  *  \n  * \n\nYaron Ravkaie \n  *  \n  * \n\nDavid (Dudi) Ripstein \n  *  \n  * \n\nSami Totah \n  *  \n  * \n\nBenjamin (Benny) Eppstein \n  *  \n  * \n\nHod Cohen \n  *  \n  * \n\nHilik Itman \n  *  \n  * \n\nRami Amit \n  *  \n  * \n\n  \n    \n   \n\nAll directors and executive officers as a group\n(11 persons) \n 298,333(8) \n 1.8%\n\n \n\n*\nLess than 1%\n\n \n\n(1)\nExcept as otherwise noted\nand subject to applicable community property laws, each person named in the table has sole voting and investment power with respect\nto all ordinary shares listed as owned by such person. Shares beneficially owned include shares that may be acquired pursuant to\noptions to purchase ordinary shares that are exercisable within 60 days of March 23, 2026.\n\n \n\n52\n\n \n\n \n\n(2)\nThe percentage of outstanding\nordinary shares is based on 16,690,457 ordinary shares outstanding as of March 23, 2026. In determining the percentage owned by each\nperson, ordinary shares for each person includes ordinary shares that may be acquired by such person pursuant to options to purchase\nordinary shares that are exercisable within 60 days of March 23, 2026. The number of outstanding ordinary shares does not include\n5,189 ordinary shares held by RADCOM US, a wholly owned subsidiary and 30,843 ordinary shares that were repurchased by us.\n\n \n \n\n(3)\nBased on a Schedule 13D\nfiled with the SEC on February 24, 2026. Includes 3,166,666 ordinary shares held by Lynrock Lake Master Fund LP, or Lynrock Lake\nMaster. Lynrock Lake LP, or Investment Manager, is the investment manager of Lynrock Lake Master. Pursuant to an investment management\nagreement, the Investment Manager has been delegated full voting and investment power over securities of the Company held by Lynrock\nLake Master. Cynthia Paul, the Chief Investment Officer of the Investment Manager and Sole\nMember of Lynrock Lake Partners LLC, the general partner of the Investment Manager, may be deemed to exercise voting and investment\npower over securities of the Company held by Lynrock Lake Master. The address of each of Cynthia Paul, Lynrock Lake Partners LLC,\nand Lynrock Lake LP is 2 International Drive, Suite 130 Rye Brook, NY 10573.\n\n \n \n\n(4)\n\nBased\non a Schedule 13D/A filed with the SEC on February 24, 2026, Mr. Michael Zisapel and Ms. Klil Zisapel beneficially own, in aggregate,\n2,294,738 ordinary shares. Ms. Klil Zisapel beneficially owns 1,147,369 ordinary shares, consisting of (i) 874,047 ordinary\nshares held directly by Ms. Klil Zisapel and (ii) 271,074 ordinary shares that are held indirectly by Ms. Klil Zisapel through her\n50% ownership in each of Lomsha Ltd., an Israeli company, and Michael & Klil Holdings (93) Ltd., an Israeli company and (iii)\nOptions to acquire 2,249 ordinary shares exercisable within 60 days. Mr. Michael Zisapel beneficially owns 1,147,369 ordinary shares,\nconsisting of (i) 874,047 ordinary shares held directly by him, (ii) 271,074 ordinary shares held indirectly through his 50% ownership\nin each of Lomsha Ltd. and Michael & Klil Holdings (93) Ltd., and (iii) Options to acquire 2,248 ordinary shares exercisable\nwithin 60 days. The address of Mr. Zisapel and Ms. Zisapel\nis 24 Raoul Wallenberg Street, Building C, Tel-Aviv 69719, Israel.\n\n \n\n(5)\nBased on a Schedule 13G/A\nfiled on February 11, 2026, Barclays PLC beneficially owns an aggregate amount of 1,114,430 ordinary shares; Barclays PLC reported\nsole voting power and sole dispositive power with respect to 1,111,314 ordinary shares, and shared voting power and shared dispositive\npower with respect to 3,116 ordinary shares. The securities being reported on by Barclays PLC, as a parent holding company, are owned,\nor may be deemed to be beneficially owned, by Barclays Bank PLC. Barclays Bank PLC is a non-US banking institution registered with\nthe Financial Conduct Authority authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority\nand the Prudential Regulation Authority in the United Kingdom. Barclays Bank PLC is a wholly-owned subsidiary of Barclays PLC. Barclays\nCapital Inc., is a Connecticut business entity. The address of the principal office of Barclays PLC and Barclays Bank PLC is 1 Churchill\nPlace, London, E14 5HP, England. The address of the principal office of Barclays Capital Inc. is 745 Seventh Ave, New York, NY 10019.\n\n \n \n\n(6)\nBased on a Schedule 13G\nfiled with the SEC on February 14, 2025 by AWM Investment Company, Inc., or AWM, reporting that AWM is the investment adviser to\nSpecial Situations Fund III QP, L.P., or SSFQP, Special Situations Cayman Fund, L.P., or Cayman, Special Situations Technology Fund,\nL.P., or TECH and Special Situations Technology Fund II, L.P., or TECH II and referred to together with SSFQP, Cayman, and TECH as\nthe Funds. As the investment adviser to the Funds, AWM holds sole voting and investment power over 380,185 ordinary shares held by\nSSFQP, 106,530 ordinary shares held by Cayman, 84,821 ordinary shares held by TECH and 419,725 ordinary shares held by TECH II. David\nM. Greenhouse and Adam C. Stettner are members of SSCayman, L.L.C., a Delaware limited liability company, or SSCAY, the general partner\nof Cayman. David M. Greenhouse and Adam C. Stettner are members of MGP Advisers Limited Partnership, a Delaware limited partnership,\nthe general partner of SSFQP and SST Advisers, L.L.C., a Delaware limited\nliability company, the general partner of TECH and TECH II. David M. Greenhouse and Adam C. Stettner\nare also controlling principals of AWM. The business address AWM Investment Company, Inc.is c/o Special Situations Funds, 527 Madison\nAvenue, Suite 2600, New York, NY 10022.\n\n \n\n53\n\n \n\n \n\n(7)\nBased on a Schedule 13D\nfiled with the SEC on February 17, 2026. Includes (i) 400,563 Ordinary Shares owned directly by Value Base Ltd., an Israeli company\nwhich is controlled by Messrs. Victor Shamrich and Ido Nouberger and which wholly owns Value Base Hedge Fund Ltd., an Israeli company,\nand is the general partner of Harmony Base L.P., and (ii) 464,446 ordinary shares owned directly by Harmony Base L.P., an Israeli\nlimited partnership. The address of each of Value Base Ltd. and Harmony Base L.P. is 23 Yehuda Halevi St., Tel-Aviv 6513601, Israel.\n\n \n\n(8)\nEach of the directors and\nexecutive officers not separately identified in the above table beneficially owns less than 1% of our outstanding ordinary shares,\nincluding options that are currently exercisable or exercisable within 60 days of March 23, 2026, and RSUs that vest within\n60 days of March 23, 2026 held by each such party, and have, therefore, not been separately disclosed. The number of shares\nis comprised of 261,007 ordinary shares and 26,599 Ordinary Shares issuable upon the settlement of RSUs and 10,727 Ordinary Shares\nissuable upon the exercise of Options that are currently exercisable or exercisable within 60 days of March 23, 2026\n\n \n\n**Significant Changes\nin Percentage Ownership by Major Shareholders**\n\n \n\nTo\nour knowledge, the significant changes in the percentage of ownership held by our major shareholders during the past three years\nhave been: (i) the transfer by inheritance of the ordinary shares and options to purchase ordinary shares beneficially owned by our former\nlargest shareholder, late Zohar Zisapel, to each of his children Michael Zisapel and Klil Zisapel in equal parts, in 2023 and the subsequent\ndecrease in the percentage of ownership they hold in the aggregate, from approximately 15% as of March 19, 2025 to 13.7% as of March\n23, 2026, (ii) an increase in the percentage of ownership held by Lynrock Lake LP from 14.1% as of March 19, 2025 to 19% as of March\n23, 2026, (iii) an increase in the percentage of ownership held by Barclays PLC above 5% until it has beneficially owned 5.4% as of March\n19, 2025 and subsequent increase until it has beneficial owned 6.7% as of March 23, 2026, (iv) a decrease in the percentage of ownership\nheld by AWM Investment Company, Inc., from 6.2% as of March 19, 2025 to 5.9% as of March 23, 2026, and (v) an increase in the percentage\nof ownership held by Value Base Ltd. above 5% until it has beneficially owned 5.2% as of March 23, 2026. The information in the paragraph\nabove is based on Schedules 13G, 13D and amendments thereof filed by the persons named above, and assumes that the number of shares reported\ntherein has not changed from the date of filing such Schedule through the date referred to above.\n\n. \n\n \n**B.**\n**RELATED PARTY TRANSACTIONS**\n\n \n\n**Transactions\nwith certain Principal Shareholders**\n\n \n\nWe\ncurrently lease office premises in Tel Aviv, Israel and in Paramus, New Jersey, in part from private companies owned by two of our\nshareholders Michael Zisapel and Klil Zisapel, for which we believe we pay on market terms and rates. The aggregate amount of lease\nand maintenance payments, which may constitute related party transactions under Item 7.B of Form 20-F, was approximately $204\nthousand in 2025.\n\n \n\n**Transactions\nwith Magic Software Enterprises Ltd**\n\n** **\n\nOur Director Mr. Sami Totah\nalso served as a director in Magic Software Enterprises Ltd, or Magic Software, during 2025. During 2025, we purchased certain cloud management\nservices from CommIT Technology Solutions Ltd, or CommIT, and human resources services from 9540 Y.G. Soft I.T Ltd., or ITSoft, for which\nwe believe we pay on market terms and rates, both of which are subsidiaries of Magic Software. The aggregate amount of such purchases\nin 2025, was approximately $933 thousand and $301 thousand from CommIT and ITSoft, respectively.\n\n \n\nWe\nbelieve that the terms of the transactions in which we have entered and are currently engaged with, and are discussed above are beneficial\nto us and no less favorable to us than terms that might be available to us from unaffiliated third parties. All future transactions\nand arrangements (or modifications of existing ones) which may constitute related party transactions under applicable law will be approved\nin accordance with the requirements of such applicable law.\n\n \n\n54\n\n \n\n \n\n \n**C.**\n**INTERESTS OF EXPERTS\nAND COUNSEL**\n\n \n\nNot\napplicable."}