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Freightos (NASDAQ: CRGO) CEO sells shares to cover RSU tax obligations

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Freightos Ltd CEO and CFO Pablo Pinillos Manrique de Lara reported an open‑market sale of 17,898 Ordinary Shares of CRGO at $1.57 per share. According to the footnotes, this was a sale-to-cover transaction executed on his behalf to cover tax liabilities arising from vesting restricted share units (RSUs).

Following the sale, he directly holds 24,102 Ordinary Shares. He also retains stock options over 33,333 Ordinary Shares at $5.00, 33,333 at $10.00, and 33,334 at $15.00, all expiring in 2033. Additional rows reflect RSU-based holdings included for informational purposes, with no transactions effected.

Positive

  • None.

Negative

  • None.
Insider Pinillos Manrique de Lara Pablo
Role CEO and CFO
Sold 17,898 shs ($28K)
Type Security Shares Price Value
Sale Ordinary Shares 17,898 $1.57 $28K
holding Stock Option (right to buy) -- -- --
holding Stock Option (right to buy) -- -- --
holding Stock Option (right to buy) -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 24,102 shares (Direct); Stock Option (right to buy) — 33,333 shares (Direct)
Footnotes (1)
  1. The transaction reported in this row consists of a sale-to-cover on behalf of the Reporting Person to cover tax liability for vesting of restricted share units ("RSUs") that had been granted by the Issuer to the Reporting Person. There were no transactions effected in respect of the securities reported in this row, and the holdings in this row are being included for informational purposes only. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2028. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2027. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest (and settle for underlying ordinary shares) in accordance with the following schedule: 33.33% of the RSUs vest upon the one-year anniversary of the grant date and the remaining RSUs vest equally on a quarterly basis over the following eight quarters (8.3325% per quarter) such that the RSUs will be fully vested by the three-year anniversary of the vesting commencement date.
Shares sold 17,898 shares Ordinary Shares sold in sale-to-cover on 2026-03-31
Sale price $1.57 per share Price for 17,898 Ordinary Shares sold
Direct holdings after sale 24,102 shares Ordinary Shares directly owned following transaction
Stock option at $5.00 33,333 underlying shares Option exercise price $5.00, expiration 2033-03-16
Stock option at $10.00 33,333 underlying shares Option exercise price $10.00, expiration 2033-03-16
Stock option at $15.00 33,334 underlying shares Option exercise price $15.00, expiration 2033-03-16
sale-to-cover financial
"The transaction reported in this row consists of a sale-to-cover on behalf of the Reporting Person"
restricted share units ("RSUs") financial
"tax liability for vesting of restricted share units ("RSUs") that had been granted"
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
vesting financial
"RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price": "5.0000""
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.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pinillos Manrique de Lara Pablo

(Last)(First)(Middle)
C/O FREIGHTOS LIMITED
PLANTA 10, AVDA. DIAGONAL, 211

(Street)
BARCELONA08018

(City)(State)(Zip)

SPAIN

(Country)
2. Issuer Name and Ticker or Trading Symbol
Freightos Ltd [ CRGO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares03/31/2026S(1)17,898D$1.5724,102D
Ordinary Shares(2)37,500(3)D
Ordinary Shares(2)37,500(4)D
Ordinary Shares(2)40,000(5)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy)(2)$503/16/202703/16/2033Ordinary Shares33,33333,333D
Stock Option (right to buy)(2)$1003/16/202703/16/2033Ordinary Shares33,33333,333D
Stock Option (right to buy)(2)$1503/16/202703/16/2033Ordinary Shares33,33433,334D
Explanation of Responses:
1. The transaction reported in this row consists of a sale-to-cover on behalf of the Reporting Person to cover tax liability for vesting of restricted share units ("RSUs") that had been granted by the Issuer to the Reporting Person.
2. There were no transactions effected in respect of the securities reported in this row, and the holdings in this row are being included for informational purposes only.
3. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2028.
4. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2027.
5. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest (and settle for underlying ordinary shares) in accordance with the following schedule: 33.33% of the RSUs vest upon the one-year anniversary of the grant date and the remaining RSUs vest equally on a quarterly basis over the following eight quarters (8.3325% per quarter) such that the RSUs will be fully vested by the three-year anniversary of the vesting commencement date.
Remarks:
Exhibit 24.1- Power of Attorney
/s/ Max Sitnick, Attorney-in-fact03/31/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Freightos (CRGO) report for its CEO and CFO?

Freightos reported that CEO and CFO Pablo Pinillos Manrique de Lara sold 17,898 Ordinary Shares at $1.57 per share. Footnotes state this was a sale-to-cover transaction to satisfy tax liabilities related to vesting restricted share units granted by the company.

How many Freightos (CRGO) shares does the CEO hold after this Form 4?

After the reported sale, the CEO directly holds 24,102 Ordinary Shares of Freightos. The Form 4 also shows separate RSU-based rows and option positions, but those are reported as informational holdings rather than additional transactions in this specific filing.

What stock options in Freightos (CRGO) are reported for the CEO in this filing?

The filing shows the CEO holding stock options over 33,333 Ordinary Shares at a $5.00 exercise price, 33,333 at $10.00, and 33,334 at $15.00. All these options have an expiration date in 2033 and are reported as direct holdings.

How are RSUs for the Freightos (CRGO) CEO described in the Form 4 footnotes?

Footnotes explain the ordinary shares in certain rows represent underlying RSUs that began vesting on April 1, 2025. They vest and settle into ordinary shares on schedules extending to December 31, 2027 and December 31, 2028, with one grant vesting quarterly after its first anniversary.

Did the Freightos (CRGO) Form 4 report any other share transactions besides the sale-to-cover?

The Form 4 includes multiple holding rows, but a footnote states no transactions occurred for those securities and they are included for informational purposes only. The only reported share movement is the 17,898-share sale-to-cover related to RSU tax obligations.
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