Electrovaya Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:ELVA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
12 Nov 25	BuyCA$7,160	Francis Gibson	Individual	1,000	CA$7.16
06 Nov 25	BuyCA$19,926	Rajshekar Gupta	Individual	2,700	CA$7.38
06 Nov 25	BuyCA$11,522	Francis Gibson	Individual	1,500	CA$7.78

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ELVA?
Owner Type	Number of Shares	Ownership Percentage
Institutions	13,481,059	27.3%
Individual Insiders	14,891,359	30.1%
General Public	21,048,395	42.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.3%.

Top Shareholders

Top 25 shareholders own 54.58% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
23.7%	Sankar Gupta	11,690,751	CA$132.9m	13.8%	no data
9.83%	FMR LLC	4,859,998	CA$55.3m	81.1%	no data
3.84%	Laurence Lytton	1,898,922	CA$21.6m	0%	no data
2.91%	Herald Investment Management Ltd.	1,440,000	CA$16.4m	13.8%	0.69%
2.38%	Polar Asset Management Partners Inc.	1,174,800	CA$13.4m	146%	0.42%
1.55%	Rajshekar Gupta	767,633	CA$8.7m	11.6%	no data
1.27%	Thompson, Siegel & Walmsley LLC	629,873	CA$7.2m	0%	0.06%
1.11%	Citadel Advisors LLC	546,849	CA$6.2m	541%	no data
1.02%	WealthTrust Axiom, LLC	505,854	CA$5.8m	23.1%	0.98%
0.97%	James Jacobs	478,107	CA$5.4m	0%	no data
0.81%	Caldwell Investment Management Ltd.	398,000	CA$4.5m	0%	0.75%
0.71%	Penbrook Management LLC	349,861	CA$4.0m	13.6%	1.91%
0.53%	Conestoga Capital Advisors, LLC	263,320	CA$3.0m	0%	0.04%
0.51%	Tanaka Capital Management Inc	253,930	CA$2.9m	0%	3.49%
0.45%	Marshall Wace LLP	223,897	CA$2.5m	15.7%	no data
0.43%	Merrill Lynch, Pierce, Fenner & Smith Incorporated	214,501	CA$2.4m	8.08%	no data
0.41%	AMH Equity, Ltd.	200,718	CA$2.3m	0%	1.58%
0.39%	Granahan Investment Management, LLC	194,961	CA$2.2m	0%	0.07%
0.33%	Triasima Portfolio Management Inc.	162,522	CA$1.8m	0%	0.18%
0.31%	Morgan Stanley	154,062	CA$1.8m	13,300%	no data
0.3%	Huntleigh Advisors, Inc.	149,613	CA$1.7m	0%	0.2%
0.21%	First Trust Advisors LP	105,996	CA$1.2m	33.4%	no data
0.21%	Osaic Wealth, Inc.	105,544	CA$1.2m	10,500%	no data
0.21%	Symphonia Società di Gestione del Risparmio SpA	105,000	CA$1.2m	0%	1.34%
0.2%	XTX Markets Limited	101,056	CA$1.1m	201%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/10 21:58
End of Day Share Price	2026/04/10 00:00
Earnings	2025/12/31
Annual Earnings	2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Electrovaya Inc. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ATB Cormark Historical (Cormark Securities)
Carter Driscoll	B. Riley Securities, Inc.
Michael Willemse	CIBC Capital Markets