Check Point (NASDAQ: CHKP) director exercises options, sells 25,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Check Point Software Technologies director Shavit Shenhav Tal exercised and sold shares in a single transaction sequence. On June 11, 2026, the director exercised stock options to acquire 25,000 Ordinary Shares at an exercise price of $114.23 per share, then sold the same 25,000 shares in open-market transactions at a weighted average price of $123.0699 per share.
After these trades, the director holds 4,008 Ordinary Shares directly, which includes 196 Restricted Share Units scheduled to vest on September 3, 2026. Footnotes also note 60,000 Ordinary Shares underlying options held, of which 58,750 were vested as of June 15, 2026 and 1,250 are expected to vest on September 3, 2026, all subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 25,000 shares ($3,076,748)
Net Sell
2 txns
Insider
Shavit Shenhav Tal
Role
null
Sold
25,000 shs ($3.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 25,000 | $114.23 | $2.86M |
| Sale | Ordinary Shares, NIS 0.01 Per Share | 25,000 | $123.0699 | $3.08M |
Holdings After Transaction:
Stock Options — 0 shares (Direct, null);
Ordinary Shares, NIS 0.01 Per Share — 4,008 shares (Direct, null)
Footnotes (1)
- The Reporting Person exercised options to purchase 25,000 Ordinary Shares of the Issuer. The price reported in Column 4 is a weighted average price. These Ordinary Shares were sold in multiple transactions at prices ranging from $121.675 to $124.08. The reporting person undertakes to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of Ordinary Shares sold at each separate price. Includes 196 Restricted Share Units (RSUs) that are that are held by the Reporting Person and will vest on September 3, 2026, 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. In addition, there are 60,000 Ordinary Shares underlying options held by the Reporting Person with different exercise prices, of which 58,750 are vested as of June 15, 2026, and the remaining 1,250 Ordinary Shares underlying the option will vest on September 3, 2026, subject to the Reporting Person's continued service a Service Provider of the Issuer on the vesting date.
Key Figures
Shares sold: 25,000 shares
Weighted average sale price: $123.0699 per share
Options exercise price: $114.23 per share
+5 more
8 metrics
Shares sold
25,000 shares
Ordinary Shares sold in open-market transactions on June 11, 2026
Weighted average sale price
$123.0699 per share
Ordinary Shares sold across multiple trades on June 11, 2026
Options exercise price
$114.23 per share
Stock options exercised for 25,000 Ordinary Shares
Shares held after transaction
4,008 shares
Direct Ordinary Share holdings following June 11, 2026 trades
Restricted Share Units
196 RSUs
RSUs scheduled to vest on September 3, 2026
Options underlying shares
60,000 shares
Ordinary Shares underlying options held as referenced in footnotes
Vested options as of June 15, 2026
58,750 shares
Portion of 60,000 underlying option shares already vested
Future vesting options
1,250 shares
Option shares expected to vest on September 3, 2026
Key Terms
Restricted Share Units (RSUs), Stock Options, weighted average price, vest, +1 more
5 terms
Stock Options financial
"In addition, there are 60,000 Ordinary Shares underlying options held by the Reporting Person with different exercise prices"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
vest financial
"will vest on September 3, 2026, subject to the Reporting Person's continued service as a Service Provider of the Issuer"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Check Point (CHKP) director Shavit Shenhav Tal report in this Form 4?
The director reported an exercise-and-sell transaction involving 25,000 Ordinary Shares. Options were exercised at $114.23 per share, and the resulting shares were sold at a weighted average price of $123.0699 on June 11, 2026 in open-market trades.
What stock options did the Check Point (CHKP) director exercise in this filing?
The director exercised options on 25,000 Ordinary Shares at an exercise price of $114.23 per share. These options were originally exercisable from June 19, 2020 and were set to expire on June 18, 2026, after which no options from this grant remained.
What future equity does the Check Point (CHKP) director have through RSUs and options?
The filing notes 196 RSUs, each representing one Ordinary Share upon vesting on September 3, 2026. It also indicates 60,000 Ordinary Shares underlying stock options, with 58,750 vested as of June 15, 2026 and 1,250 scheduled to vest on September 3, 2026.