STOCK TITAN

Freightos (CRGO) CEO logs 5,815-share tax sale and holds major options

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

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 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 — 34,185 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. 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. 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.
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
sale-to-cover financial
"consists of a sale-to-cover on behalf of the Reporting Person to cover tax liability"
restricted share units ("RSUs") financial
"tax liability for vesting of restricted share units ("RSUs") that had been granted"
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.
underlying ordinary shares financial
"vest and settle for underlying ordinary shares, in their entirety, on December 31, 2028"
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
[N/A]
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026
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 Shares04/06/2026S(1)5,815D$1.6934,185(2)D
Ordinary Shares(3)24,102D
Ordinary Shares(3)37,500(4)D
Ordinary Shares(3)37,500(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)(3)$503/16/202703/16/2033Ordinary Shares33,33333,333D
Stock Option (right to buy)(3)$1003/16/202703/16/2033Ordinary Shares33,33333,333D
Stock Option (right to buy)(3)$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. 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.
3. 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.
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, 2028.
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 their entirety, on December 31, 2027.
Remarks:
Exhibit 24.1 - Power of Attorney
/s/ Max Sitnick, Attorney-in-fact04/07/2026
** 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 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.

Why did the Freightos (CRGO) CEO sell 5,815 shares in this transaction?

The sale was executed as a sale-to-cover to pay tax obligations linked to RSU vesting. When RSUs vest, they are treated as taxable income, so a portion of the resulting shares is often sold automatically to cover associated tax liabilities for the reporting person.

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

Following the reported sale of 5,815 ordinary shares, the CEO directly holds 34,185 ordinary shares. This figure reflects his remaining direct equity position in Freightos after the tax-related sale-to-cover transaction disclosed in the Form 4 filing.

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.