Freightos (CRGO) director Rotem Hershko details options and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Freightos Ltd director Rotem Hershko has filed an initial Form 3 detailing his equity interests in the company. The filing lists several stock option awards over ordinary shares with exercise prices of 5.0000, 10.0000, and 15.0000 per share, expiring between 2032 and 2033. It also describes restricted share units that vest and settle into ordinary shares on a quarterly schedule from January 5, 2025 and October 1, 2025 through anniversaries extending to October 1, 2029, subject to Hershko meeting minimum board meeting attendance requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Hershko Rotem
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock options (right to buy) | -- | -- | -- |
| holding | Stock options (right to buy) | -- | -- | -- |
| holding | Stock options (right to buy) | -- | -- | -- |
| holding | Stock options (right to buy) | -- | -- | -- |
| holding | Stock options (right to buy) | -- | -- | -- |
| holding | Stock options (right to buy) | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
Holdings After Transaction:
Stock options (right to buy) — 6,666 shares (Direct);
Ordinary shares — 7,550 shares (Direct)
Footnotes (1)
- The ordinary shares reported in this row consist of shares underlying restricted share units ("RSUs") granted by the Issuer to the Reporting Person that began vesting on October 1, 2025 and that vest (and settle for underlying ordinary shares) equally on a quarterly basis (25% of the RSUs per quarter) such that all such RSUs will be vested and settled for ordinary shares by the one-year anniversary of the grant date (October 1, 2026). Vesting is subject to the Reporting Person's fulfilling minimum attendance requirements at meetings of the Issuer's board of directors. The ordinary shares reported in this row consist of shares underlying RSUs granted by the Issuer to the Reporting Person that began vesting on January 5, 2025 and that vest (and settle for underlying ordinary shares) in accordance with the following schedule: 33.33% of the RSUs vested on October 1, 2025, and the remaining 66.66% of the RSUs vest equally on a quarterly basis over the following 16 quarters (4.16625% per quarter) such that all such RSUs will be vested and settled for ordinary shares after four additional years (October 1, 2029). Vesting is subject to the Reporting Person's fulfilling minimum attendance requirements at meetings of the Issuer's board of directors.
FAQ
What does Rotem Hershko’s Form 3 filing for Freightos (CRGO) report?
The Form 3 reports Rotem Hershko’s initial ownership in Freightos Ltd, including stock options over ordinary shares and time-based restricted share units that vest quarterly over several years, subject to his meeting minimum attendance requirements at board of directors meetings.
What stock options are disclosed for Rotem Hershko in Freightos (CRGO)?
The filing lists multiple stock option grants over Freightos ordinary shares with exercise prices of 5.0000, 10.0000, and 15.0000 per share. These options have expiration dates in 2032 and 2033, indicating long-dated incentives tied to the company’s share performance.
How do Rotem Hershko’s RSUs in Freightos (CRGO) vest over time?
The RSUs vest and settle for ordinary shares on a quarterly basis. One grant vests 25% per quarter from October 1, 2025 to October 1, 2026. Another vests 33.33% on October 1, 2025, then 4.16625% per quarter until fully vested after four additional years.
What conditions apply to Rotem Hershko’s RSU vesting at Freightos (CRGO)?
RSU vesting is contingent on Rotem Hershko fulfilling minimum attendance requirements at Freightos’ board meetings. If he meets these attendance thresholds, the RSUs continue vesting on the specified quarterly schedule, ultimately settling into ordinary shares over the defined multi‑year periods.