<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0607</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-03-18</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001045986</issuerCik>
        <issuerName>FORMULA SYSTEMS (1985) LTD</issuerName>
        <issuerTradingSymbol>FORTY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002129272</rptOwnerCik>
            <rptOwnerName>Hillman Amir</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>11 YEHUDA WHOLMAN STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TEL AVIV</rptOwnerCity>
            <rptOwnerNonUSStateTerritory></rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>L3</rptOwnerCountry>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>This Form 3 has been filed after March 18, 2026 but prior to April 20, 2026
in reliance on the temporary relief made available to the directors and officers
of certain foreign private issuers by the Staff of the Securities and Exchange
Commission in its no-action letter dated March 13, 2026.</remarks>

    <ownerSignature>
        <signatureName>Amir Hillman</signatureName>
        <signatureDate>2026-04-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
