Gregg Williams Increases Stake in Vivani Medical, Inc. to 47.1% via Multiple Purchase Agreements

Gregg Williams, Chairman and Director of Vivani Medical, Inc. (VANI), filed a Schedule 13D/A on May 19, 2026, reporting a significant increase in beneficial ownership. Mr. Williams now controls 43,218,419 shares, representing 47.1% of the company's common stock. This ownership is held through various entities, including the Gregg G. Williams 2006 Trust, Williams International Co. LLC, and others. The filing details a series of private and direct purchases from the issuer occurring between April 2023 and January 2026, with additional closings expected through July 2026. Specifically, the GW Trust entered into multiple purchase agreements for millions of shares at prices ranging from $0.98 to $1.62 per share. The Reporting Persons acquired these shares for investment purposes and currently intend to hold them, though they may acquire more in the future. As the non-executive Chairman and a co-founder family member, Mr. Williams is deemed to control the issuer. The total share count includes currently exercisable warrants and stock options.