Freightos founder discloses 6.1% stake, eyes changes
Freightos founder Zvi Schreiber filed a Schedule 13D reporting beneficial ownership of 3,131,931 ordinary shares, or about 6.1% of Freightos Ltd. He holds sole voting and dispositive power over these shares, based on 51,680,000 ordinary shares outstanding.
Rhea-AI Filing Summary
Freightos founder Zvi Schreiber filed a Schedule 13D reporting beneficial ownership of 3,131,931 ordinary shares, or about 6.1% of Freightos Ltd. He holds sole voting and dispositive power over these shares, based on 51,680,000 ordinary shares outstanding.
Schreiber founded Freightos and served as its Chief Executive Officer until January 2026 and as a director until February 2026. He states he disagrees with the Board’s strategic direction since early 2026 and believes a platform-first, high-growth strategy and changes to Board composition and leadership, including the chairman role, could create greater shareholder value.
He plans to continue engaging with the Board, management, other shareholders and possibly the public, and may propose or support shareholder resolutions and Board nominees at the annual meeting, potentially including proxy solicitation or other actions. Over the past 60 days, he made multiple open-market sales of Freightos shares at prices between $1.60 and $2.10 per share, while indicating he may buy or sell additional securities or pursue other transactions depending on future circumstances.
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Insights
Founder discloses 6.1% stake and signals potential activist campaign.
Zvi Schreiber, founder and former CEO/director of Freightos Ltd, reports beneficial ownership of 3,131,931 ordinary shares, or 6.1% of outstanding stock. He holds sole voting and dispositive power over this stake, based on 51,680,000 shares outstanding.
He explicitly criticizes the Board’s strategy since the first quarter of 2026 and advocates a return to a platform-first, high-growth approach, along with changes to Board composition and leadership, including the chairman role. He indicates willingness to use shareholder proposals, director nominations, proxy solicitation and potentially litigation, within applicable law and governing documents.
Item 5 lists recent open‑market sales, including 25,000 shares at $2.1000 on 05/15/2026 and other trades between $1.6000 and $2.0570 per share. Despite these sales, he remains a sizable holder. Future company disclosures and meeting materials may clarify whether this evolves into a formal proxy contest or strategic transaction discussions.
Key Figures
Key Terms
beneficially owns financial
sole dispositive power financial
Schedule 13D regulatory
donor-advised funds financial
solicitation of proxies regulatory
derivative, hedging financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in Freightos (CRGO) does Zvi Schreiber report in this Schedule 13D?
Why did Zvi Schreiber file a Schedule 13D for Freightos (CRGO)?
What changes at Freightos (CRGO) is Zvi Schreiber advocating in this filing?
What future actions does Zvi Schreiber indicate he might take regarding Freightos (CRGO)?
AI-generated analysis. How Rhea-AI works. Not financial advice.