Check Point (NASDAQ: CHKP) CRO reports shares and option grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
CHECK POINT SOFTWARE TECHNOLOGIES LTD Chief Revenue Officer Seddik Sherif filed a Form 3 reporting his initial holdings. He directly owns 30,305 Ordinary Shares, including 26,957 Restricted Share Units that vest between July 2026 and September 2029, subject to continued service.
He also holds stock options over 41,935 Ordinary Shares at an exercise price of $190.77 per share, expiring on September 3, 2032. These options vest in four equal annual tranches from September 4, 2026 through September 4, 2029, contingent on his ongoing role as a service provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Seddik Sherif
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options | -- | -- | -- |
| holding | Ordinary Shares, NIS 0.01 Per Share | -- | -- | -- |
Holdings After Transaction:
Stock Options — 41,935 shares (Direct, null);
Ordinary Shares, NIS 0.01 Per Share — 30,305 shares (Direct, null)
Footnotes (1)
- Includes 26,957 Restricted Share Units (RSUs) that are scheduled to vest as follows: 3,083 on July 10, 2026, 3,932 on September 4, 2026, 1,985 on May 10, 2027, 3,082 on July 10, 2027, 3,931 on September 4, 2027, 3,082 on July 10, 2028, 3,931 on September 4, 2028, 3,931 on September 4, 2029. subject to the Reporting Person's continued service as a Service Provider of the Issuer on each vesting date. Each RSU represents the right to receive one Ordinary Share of the Issuer upon vesting and settlement. 41,935 Ordinary Shares underlying the option will vest as follows: 10,484 options on September 4, 2026, 10,484 options on September 4, 2027, 10,484 options on September 4, 2028, 10,483 options on September 4, 2029, subject to the Reporting Person's continued service a Service Provider of the Issuer on the vesting date.
Key Figures
Ordinary Shares held: 30,305 shares
Restricted Share Units: 26,957 RSUs
First RSU vesting tranche: 3,083 RSUs
+5 more
8 metrics
Ordinary Shares held
30,305 shares
Direct ownership following Form 3 reporting
Restricted Share Units
26,957 RSUs
Scheduled to vest between July 2026 and September 2029
First RSU vesting tranche
3,083 RSUs
Vesting on July 10, 2026, subject to continued service
Second RSU vesting tranche
3,932 RSUs
Vesting on September 4, 2026, subject to continued service
Options underlying shares
41,935 shares
Ordinary Shares underlying stock options held
Option exercise price
$190.77 per share
Exercise price for stock options expiring September 3, 2032
Option expiration date
September 3, 2032
Final expiration for 41,935-share option grant
First option vesting tranche
10,484 options
Vesting on September 4, 2026, subject to continued service
Key Terms
Restricted Share Units (RSUs), Ordinary Shares, Stock Options, exercise price, +1 more
5 terms
Stock Options financial
"Stock Options with 41,935 Ordinary Shares underlying the option will vest as follows:"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"Stock options have an exercise price of 190.7700 per underlying Ordinary Share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Service Provider financial
"subject to the Reporting Person's continued service as a Service Provider of the Issuer"
FAQ
What does the Form 3 filing by CHKP executive Seddik Sherif report?
The Form 3 reports Seddik Sherif’s initial ownership in Check Point. He holds 30,305 Ordinary Shares directly and stock options over 41,935 additional shares, establishing a meaningful equity stake aligned with his role as Chief Revenue Officer.
What stock options does Seddik Sherif hold in Check Point (CHKP)?
He holds stock options over 41,935 Ordinary Shares with a $190.77 exercise price. These options expire on September 3, 2032, and vest in four annual tranches from September 4, 2026, through September 4, 2029, assuming continued service.
Are Seddik Sherif’s CHKP RSUs and options subject to service conditions?
Yes. Both the 26,957 RSUs and the 41,935 underlying option shares vest only if he continues as a service provider on each vesting date, tying his equity awards to ongoing employment with Check Point.