Check Point (NASDAQ: CHKP) founder Gil Shwed gifts 3,000 shares to charity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHECK POINT SOFTWARE TECHNOLOGIES LTD director and major shareholder Gil Shwed reported a charitable gift of 3,000 Ordinary Shares, NIS 0.01 par value per share. The shares were transferred at no monetary consideration as a bona fide gift to a charitable organization. After this disposition, Shwed directly holds 24,867,408 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,000 shares gifted
Mixed
1 txn
Insider
SHWED GIL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares, NIS 0.01 Per Share | 3,000 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares, NIS 0.01 Per Share — 24,867,408 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares gifted: 3,000 shares
Price per share: 0.0000
Shares held after gift: 24,867,408 shares
+1 more
4 metrics
Shares gifted
3,000 shares
Bona fide gift of Ordinary Shares
Price per share
0.0000
Gift transfer, non-cash consideration
Shares held after gift
24,867,408 shares
Direct ownership following transaction
Gift transactions
1 gift, 3,000 shares
Transaction summary in filing
Key Terms
bona fide gift, Ordinary Shares, NIS 0.01 Per Share, Form 4, ten percent owner
4 terms
bona fide gift financial
"The Reporting Person made a bona fide gift of shares to a charitable organization."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
ten percent owner regulatory
"is_ten_percent_owner: 1"
FAQ
What insider transaction did CHKP's Gil Shwed report on this Form 4?
Gil Shwed reported a bona fide gift transfer of 3,000 Ordinary Shares of Check Point Software Technologies. The transaction was recorded at a price of 0.0000 per share, reflecting that it was a non-cash charitable donation rather than a market sale or purchase.
Does the CHKP Form 4 mention any trading plan for this transaction?
The Form 4 describes the transaction solely as a bona fide gift to a charitable organization. It does not reference any Rule 10b5-1 trading plan or similar pre-arranged trading arrangement in connection with this specific charitable share transfer.