eToro (ETOR) COO Ber Hedva exercises options and sells 55,160 shares

Rhea-AI Filing Summary

eToro Group Ltd. insider Ber Hedva, Global COO & Deputy CEO, reported an exercise-and-sell transaction in Class A common shares. On June 1, 2026, she exercised stock options covering a total of 55,160 Class A common shares at exercise prices of $15.00 and $17.50 per share, including options originally granted over Class B shares that convert into Class A upon exercise.

The same day, she conducted an open-market sale of 55,160 Class A common shares at a weighted average price of $41.9028 per share, leaving 0 Class A common shares owned directly after the transactions. The filing notes that all sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on September 2, 2025, indicating the timing was set in advance rather than decided opportunistically.

Insights

Equity compensation & insider-trading analyst

Pre-planned option exercise and full sale; routine liquidity event.

Ber Hedva exercised stock options for 55,160 Class A shares at strike prices of $15.00 and $17.50, including options on Class B shares that convert into Class A. She then sold the same 55,160 Class A shares at a weighted average of $41.9028 on June 1, 2026.

The filing states these transactions were executed under a Rule 10b5-1 trading plan adopted on September 2, 2025, which means the trades were scheduled in advance. Following the sale, she reported holding 0 Class A common shares and, based on the filing’s derivative summary, no remaining option positions, so this appears to be a full exercise and liquidation of the options covered here.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 9 txns

Insider Ber Hedva

Role Global COO & Deputy CEO

Sold 55,160 shs ($2.31M)

Approx. gross sale proceeds $2.31M

Approx. exercise cost $935K

Type	Security	Shares	Price	Value
Exercise	Options to purchase Class A common shares	20,660	$0.00	$0.00
Exercise	Options to purchase Class A common shares	6,000	$0.00	$0.00
Exercise	Options to purchase Class B common shares	22,500	$0.00	$0.00
Exercise	Options to purchase Class B common shares	6,000	$0.00	$0.00
Exercise	Class A common shares	20,660	$17.50	$362K
Exercise	Class A common shares	6,000	$15.00	$90K
Exercise	Class A common shares	22,500	$17.50	$394K
Exercise	Class A common shares	6,000	$15.00	$90K
Sale	Class A common shares	55,160	$41.9028	$2.31M

Holdings After Transaction: Options to purchase Class A common shares — 3,000 shares (Direct); Options to purchase Class B common shares — 3,000 shares (Direct); Class A common shares — 0 shares (Direct)

Footnotes (7)

1. F1. Represents exercise of options to acquire Class A Common shares, followed by the immediate sale of such shares.
2. F2. Represents exercise of options to acquire Class B shares, which upon exercise convert into Class A common shares, followed by the immediate sale of such shares.
3. F3. The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 2, 2025
4. F4. The shares sold were acquired upon the exercise of stock options on the same date
5. F5. The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request.
6. F6. Represents exercise of options to acquire Class A Common shares, followed by the immediate sale of such shares as reported in Table I.
7. F7. Represents exercise of options to acquire Class B shares, which upon exercise convert into Class A common shares, followed by the immediate sale of such shares as reported in Table I.

Key Figures

Shares sold: 55,160 shares Weighted average sale price: $41.9028 per share Options exercised at $15.00: 12,000 shares +3 more

6 metrics

Shares sold 55,160 shares Class A common shares sold on June 1, 2026

Weighted average sale price $41.9028 per share Open-market sale of Class A common shares

Options exercised at $15.00 12,000 shares Options with $15.00 exercise price converted to Class A

Options exercised at $17.50 43,160 shares Options with $17.50 exercise price converted to Class A

Post-transaction Class A holdings 0 shares Direct ownership after June 1, 2026 transactions

Rule 10b5-1 plan adoption date September 2, 2025 Date trading plan governing sales was adopted

Key Terms

Rule 10b5-1 trading plan, weighted average price, stock options, Class A common shares, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

stock options financial

"The shares sold were acquired upon the exercise of stock options on the same date"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Class A common shares financial

"Represents exercise of options to acquire Class A Common shares"

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

Class B shares financial

"Represents exercise of options to acquire Class B shares, which upon exercise convert into Class A common shares"

Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/02/2026 - 12:11 PM Accepted by SEC EDGAR 06/02/2026 - 12:11 PM Learn about SEC filing dates

FAQ

What did eToro (ETOR) executive Ber Hedva report in this Form 4?

Ber Hedva, Global COO & Deputy CEO of eToro, reported exercising stock options for 55,160 Class A common shares and selling all 55,160 shares in open-market transactions on June 1, 2026, under a pre-arranged Rule 10b5-1 trading plan.

How many eToro (ETOR) shares did Ber Hedva sell and at what price?

Ber Hedva sold 55,160 Class A common shares of eToro in open-market transactions at a weighted average price of $41.9028 per share on June 1, 2026, as disclosed in the Form 4 insider trading report.

What stock options did Ber Hedva exercise in the eToro (ETOR) Form 4?

She exercised stock options covering 55,160 Class A common shares at exercise prices of $15.00 and $17.50 per share, including options on Class B shares that convert into Class A upon exercise, before selling the resulting Class A shares the same day.

Was Ber Hedva’s eToro (ETOR) share sale under a Rule 10b5-1 plan?

Yes. The Form 4 states that Ber Hedva’s sales were executed pursuant to a Rule 10b5-1 trading plan adopted on September 2, 2025, indicating the trade timing was pre-arranged rather than decided at the time of sale.

How many eToro (ETOR) Class A shares does Ber Hedva hold after these transactions?

After exercising options and selling 55,160 Class A common shares, Ber Hedva reported owning 0 Class A common shares directly, according to the post-transaction holdings disclosed in the Form 4 filing.

Did Ber Hedva dispose of previously held eToro (ETOR) shares or newly exercised shares?

The Form 4 footnotes explain that the shares sold were acquired upon the exercise of stock options on the same date, meaning she sold newly exercised Class A shares rather than a previously held share position.

SEC Form 4

FORM 4

UNITED 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).

X

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^*

Ber Hedva

(Last) (First) (Middle)

30 SHESHET HAYAMIM ST.

(Street)

BNEI BRAK 5120261

(City) (State) (Zip)

ISRAEL

(Country)

2. Issuer Name and Ticker or Trading Symbol
eToro Group Ltd. [ ETOR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Global COO & Deputy CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A common shares	06/01/2026		M		20,660(1)	A	$17.5	20,660	D
Class A common shares	06/01/2026		M		6,000(1)	A	$15	26,660	D
Class A common shares	06/01/2026		M		22,500(2)	A	$17.5	49,160	D
Class A common shares	06/01/2026		M		6,000(2)	A	$15	55,160	D
Class A common shares	06/01/2026		S(3)		55,160(4)	D	$41.9028(5)	0	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to purchase Class A common shares	$17.5	06/01/2026		M(6)			20,660	03/01/2022	05/13/2031	Class A common shares	20,660	$0	0	D
Options to purchase Class A common shares	$15	06/01/2026		M(6)			6,000	08/01/2023	07/25/2032	Class A common shares	6,000	$0	3,000	D
Options to purchase Class B common shares	$17.5	06/01/2026		M(7)			22,500	03/01/2022	05/13/2031	Class B common shares	22,500	$0	0	D
Options to purchase Class B common shares	$15	06/01/2026		M(7)			6,000	08/01/2023	07/25/2032	Class B common shares	6,000	$0	3,000	D

Explanation of Responses:

1. Represents exercise of options to acquire Class A Common shares, followed by the immediate sale of such shares.

2. Represents exercise of options to acquire Class B shares, which upon exercise convert into Class A common shares, followed by the immediate sale of such shares.

3. The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 2, 2025

4. The shares sold were acquired upon the exercise of stock options on the same date

5. The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request.

6. Represents exercise of options to acquire Class A Common shares, followed by the immediate sale of such shares as reported in Table I.

7. Represents exercise of options to acquire Class B shares, which upon exercise convert into Class A common shares, followed by the immediate sale of such shares as reported in Table I.

	/s/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact	06/02/2026
	** Signature of Reporting Person	Date
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)