Freightos (NASDAQ: CRGO) CEO sells shares to cover RSU tax obligations
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 Trade Summary
| 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 | -- | -- | -- |
Footnotes (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.
Key Figures
Key Terms
sale-to-cover financial
Stock Option (right to buy) financial
vesting financial
exercise price financial
FAQ
What insider transaction did Freightos (CRGO) report for its CEO and CFO?
What stock options in Freightos (CRGO) are reported for the CEO in this filing?
How are RSUs for the Freightos (CRGO) CEO described in the Form 4 footnotes?