Freightos CEO sells 5,815 shares in tax-cover trade
Freightos Ltd CEO and CFO Pablo Pinillos Manrique de Lara reported an open-market sale of 5,815 ordinary shares of CRGO at $1.69 per share.
Rhea-AI Filing Summary
Freightos Ltd CEO and CFO Pablo Pinillos Manrique de Lara reported an open-market sale of 5,815 ordinary shares of CRGO at $1.69 per share. According to the filing, this was a sale-to-cover to pay taxes triggered by vesting of previously granted restricted share units.
After this transaction, he directly holds 34,185 ordinary shares. He also holds stock options over 33,333 ordinary shares at a $5.00 exercise price, 33,333 shares at $10.00, and 33,334 shares at $15.00, all expiring in 2033, providing additional potential future equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,815 shares
Net Sell
7 txns
Insider
Pinillos Manrique de Lara Pablo
Role
CEO and CFO
Sold
5,815 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 5,815 | $1.69 | $10K |
| 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 — 133,287 shares (Direct);
Stock Option (right to buy) — 100,000 contracts (Direct)
Footnotes (5)
- F1. 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.
- F2. 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: Of the 40,000 RSUs originally granted, 33.33% of the RSUs vested upon the one-year anniversary of the grant date (April 1, 2026) 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.
- F3. 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.
- F4. 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.
- F5. 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.
Key Figures
Shares sold: 5,815 shares
Sale price per share: $1.69 per share
Shares held after sale: 34,185 shares
+4 more
7 metrics
Shares sold
5,815 shares
Open-market sale on April 6, 2026
Sale price per share
$1.69 per share
Price for 5,815 ordinary shares sold
Shares held after sale
34,185 shares
Direct ordinary share holdings post-transaction
Option exercise price
$5.00 per share
Stock option over 33,333 underlying ordinary shares
Option exercise price
$10.00 per share
Stock option over 33,333 underlying ordinary shares
Option exercise price
$15.00 per share
Stock option over 33,334 underlying ordinary shares
Option expiration
2033-03-16
Expiration date for all three option grants
Key Terms
sale-to-cover, restricted share units ("RSUs"), stock option (right to buy), vesting, +1 more
5 terms
sale-to-cover financial
"consists of a sale-to-cover on behalf of the Reporting Person to cover tax liability"
stock option (right to buy) financial
"Stock Option (right to buy) underlying ordinary shares of the issuer"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Freightos (CRGO) CEO Pablo Pinillos Manrique de Lara report in this Form 4?
He reported selling 5,815 ordinary shares of Freightos at $1.69 per share. The filing explains this was a sale-to-cover transaction to satisfy tax liabilities arising from vesting of previously granted restricted share units (RSUs), rather than a discretionary portfolio sale.
What stock options does the Freightos (CRGO) CEO hold according to this filing?
He holds stock options over 33,333 ordinary shares at a $5.00 exercise price, 33,333 shares at $10.00, and 33,334 shares at $15.00. All these options expire in 2033 and relate to ordinary shares of Freightos, representing potential future equity exposure.
How are the RSUs for the Freightos (CRGO) CEO scheduled to vest?
One RSU grant for 40,000 units began vesting on April 1, 2025. About 33.33% vested on April 1, 2026, with the remaining units vesting equally each quarter over eight quarters. Additional RSU grants vest and settle in full on December 31, 2028 and December 31, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
