ODDITY Announces Block Trade of Class A Ordinary Shares
ODDITY Tech Ltd. (NASDAQ: ODD) announced a significant block trade involving 5.5 million Class A ordinary shares by CEO and co-founder Oran Holtzman's affiliated entity. The transaction aims to increase the stock's free float and trading liquidity. Following the sale, Holtzman maintains approximately 23% ownership and retains majority voting control. He has committed to a one-year lock-up agreement and expressed no intention to sell additional shares. The company did not receive any proceeds from this transaction, which was executed under Rule 144 of the Securities Act of 1933.
ODDITY Tech Ltd. (NASDAQ: ODD) ha annunciato una significativa operazione di blocco riguardante 5,5 milioni di azioni ordinarie di Classe A da parte di un'entità affiliata al CEO e co-fondatore Oran Holtzman. La transazione mira ad aumentare il flottante e la liquidità delle azioni. Dopo la vendita, Holtzman mantiene circa il 23% della proprietà e conserva il controllo della maggioranza dei voti. Ha inoltre sottoscritto un accordo di lock-up di un anno e non ha espresso l'intenzione di vendere ulteriori azioni. La società non ha ricevuto alcun ricavo da questa operazione, che è stata eseguita secondo la Regola 144 del Securities Act del 1933.
ODDITY Tech Ltd. (NASDAQ: ODD) anunció una importante operación de bloque que involucra 5,5 millones de acciones ordinarias Clase A por parte de una entidad afiliada al CEO y cofundador Oran Holtzman. La transacción tiene como objetivo aumentar el free float y la liquidez de las acciones. Tras la venta, Holtzman mantiene aproximadamente el 23% de propiedad y conserva el control mayoritario de voto. Se ha comprometido a un acuerdo de bloqueo de un año y no ha expresado intención de vender más acciones. La compañía no recibió ingresos por esta transacción, que se ejecutó bajo la Regla 144 de la Ley de Valores de 1933.
ODDITY Tech Ltd. (NASDAQ: ODD)는 CEO이자 공동 창립자인 Oran Holtzman의 관련 법인이 보유한 550만 주의 클래스 A 보통주에 대한 대규모 블록 거래를 발표했습니다. 이 거래는 주식의 유통 주식 수와 거래 유동성을 높이기 위한 것입니다. 매도 후 Holtzman은 약 23%의 지분을 유지하며 다수 의결권을 보유하고 있습니다. 그는 1년간의 락업 계약을 약속했으며 추가 주식 매도 의사는 없다고 밝혔습니다. 회사는 이 거래에서 어떤 수익도 받지 않았으며, 이는 1933년 증권법의 규칙 144에 따라 실행되었습니다.
ODDITY Tech Ltd. (NASDAQ : ODD) a annoncé une opération de bloc importante impliquant 5,5 millions d’actions ordinaires de classe A détenues par une entité affiliée au PDG et cofondateur Oran Holtzman. Cette transaction vise à augmenter le flottant et la liquidité des actions. Après la vente, Holtzman conserve environ 23 % de participation et détient le contrôle majoritaire des droits de vote. Il s’est engagé à un accord de blocage d’un an et n’a pas exprimé l’intention de vendre d’autres actions. La société n’a reçu aucun produit de cette transaction, qui a été réalisée conformément à la règle 144 du Securities Act de 1933.
ODDITY Tech Ltd. (NASDAQ: ODD) gab einen bedeutenden Blockhandel mit 5,5 Millionen Stammaktien der Klasse A durch eine mit dem CEO und Mitgründer Oran Holtzman verbundene Einheit bekannt. Die Transaktion zielt darauf ab, den Streubesitz und die Handelsliquidität der Aktie zu erhöhen. Nach dem Verkauf hält Holtzman etwa 23% Eigentum und behält die Mehrheitsstimmrechte. Er hat sich zu einer Einjahres-Sperrfrist verpflichtet und keine Absicht geäußert, weitere Aktien zu verkaufen. Das Unternehmen erhielt keine Erlöse aus dieser Transaktion, die gemäß Rule 144 des Securities Act von 1933 durchgeführt wurde.
- Enhanced stock free float and trading liquidity benefits shareholders
- CEO maintains majority voting control, ensuring leadership stability
- 1-year lock-up agreement demonstrates CEO's long-term commitment
- CEO explicitly states no intention to sell additional shares
- Large insider share sale could signal reduced confidence
- CEO's ownership stake reduced to 23%
- No proceeds received by the company from the transaction
Insights
CEO Holtzman sold 5.5M shares to increase stock liquidity while maintaining voting control; signals confidence through 1-year lockup commitment.
ODDITY's CEO Oran Holtzman has executed a 5,500,000 share block trade of Class A ordinary shares, strategically designed to enhance the company's free float and trading liquidity. This transaction reflects a balanced approach to capital markets management. While reducing his ownership stake to approximately 23%, Holtzman has structured the sale to preserve his controlling voting power in the company - a critical detail that maintains governance stability.
The implementation of a 1-year lock-up agreement accompanying this transaction serves dual purposes: it demonstrates Holtzman's continued commitment to ODDITY while preventing potential market disruption from future sales. This mechanism helps mitigate investor concerns about potential leadership divestment that often accompanies insider sales of this magnitude.
From a governance perspective, this transaction represents a calculated recalibration rather than a warning sign. By increasing the public float while maintaining voting control, Holtzman has potentially increased institutional investor access to ODDITY shares without surrendering strategic decision-making authority. The transaction was executed through Rule 144 of the Securities Act, indicating compliance with regulatory requirements for insider transactions.
Notably, the company itself received no proceeds from this sale, reinforcing that this was a personal financial decision by Holtzman rather than a capital-raising event for ODDITY. The careful messaging around "no plan or intention to sell additional shares" signals management's awareness of how insider transactions are perceived and represents an attempt to proactively address potential market concerns.
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (the “Company”) (NASDAQ: ODD) today announced the sale of 5,500,000 shares of its Class A ordinary shares by an entity affiliated with Oran Holtzman, ODDITY co-founder and CEO.
The transaction will enhance the free float and trading liquidity of ODDITY stock. Mr. Holtzman has no plan or intention to sell additional shares of the Company’s stock, and he intends to preserve his control in the Company. As part of the transaction, Mr. Holtzman has entered into a lock-up agreement for a period of 1 year.
Following the transaction, Mr. Holtzman holds an approximately
The transaction was effected pursuant to Rule 144 of the Securities Act of 1933. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking” statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “aim,” “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will,” “seek,” or similar words. The absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect current views with respect to future events and are not a guarantee that future events will materialize as currently anticipated or at all. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in the section titled “Risk Factors” in our Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 25, 2025, and other documents subsequently filed with or furnished to the SEC. These forward-looking statements reflect the Company’s and Mr. Holtzman’s current plans, intentions and expectations and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements.
About ODDITY
ODDITY is a consumer tech company that builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The Company serves approximately 60 million users with its AI-driven online platform, deploying data science to identify consumer needs, and developing solutions in the form of beauty and wellness products. ODDITY owns IL MAKIAGE and SpoiledChild. The Company operates with business headquarters in New York City, an R&D center in Tel Aviv, Israel, and a biotechnology lab in Boston.
Contacts
Press:
Michael Braun
Investor:
FAQ
How many shares did ODDITY (ODD) CEO sell in the May 2025 block trade?
What is Oran Holtzman's remaining ownership stake in ODDITY (ODD) after the block trade?
How long is the lock-up period for ODDITY's CEO after the May 2025 block trade?
Did ODDITY (ODD) receive any proceeds from the May 2025 block trade?
What is the purpose of ODDITY's (ODD) May 2025 block trade?
