[144] Freightos Ltd SEC Filing
Freightos Ltd (CRGO) filed a Form 144 reporting a proposed sale of 12,062 ordinary sharesaggregate market value of $36,427.24, with an approximate sale date of 09/15/2025. The filing notes 49,726,906 shares outstanding. The securities were acquired as Restricted Stock Units (RSUs) granted by the issuer on 09/06/2023, totaling 20,546 units, with payment or settlement dated 09/06/2023.
The filing also discloses that the person for whose account the securities are to be sold previously sold 5,005 shares on 07/16/2025 for $11,262.00. The notice includes the standard representation that the filer is not aware of undisclosed material adverse information and carries the required signature/attestation statements for Rule 144 disclosure.
- Compliance disclosure: Filing provides required Rule 144 information including acquisition date, nature (RSUs), broker, and prior sales.
- Limited market impact: Proposed sale (~12,062 shares, $36.4k) is small relative to 49,726,906 shares outstanding.
- Insider selling activity: The filer plans to sell 12,062 shares and sold 5,005 shares on 07/16/2025, which may concern some investors about insider liquidity needs.
- Key filer identifiers missing: The filing text does not display a Filer CIK or full contact details in the provided excerpt.
Insights
TL;DR: Form 144 shows an insider sale plan for 12,062 shares from RSUs, plus a recent small sale of 5,005 shares.
This filing documents a routine Rule 144 notice where restricted stock units granted in 2023 are being cleared for sale via a broker. The proposed sale size (12,062 shares, ~$36.4k) is small relative to the issuer's stated 49.7 million shares outstanding, suggesting limited direct dilution or market impact. The prior sale of 5,005 shares for $11,262 indicates the filer has recently monetized a portion of holdings. From a market-signaling perspective, isolated insider sales of this scale are typically neutral unless part of a larger pattern.
TL;DR: The filing appears procedurally compliant; disclosures match standard Rule 144 requirements for RSU-originated shares.
The document provides the acquisition basis (RSUs dated 09/06/2023) and prior sales within three months, fulfilling Rule 144 aggregation rules. The representation regarding absence of undisclosed material adverse information is included as required. No indications of material corporate events, insider departures, or litigation are present in the filing itself, so governance implications appear routine based on the disclosed details.