eToro director converts 33,848 shares to Class A

eToro Group Ltd. (ETOR) director Avner Stepak reported an indirect conversion of 33,848 Class B common shares held by Shira 10 Strategies Ltd. into 33,848 Class A common shares on a one-for-one basis on September 6, 2026.

Rhea-AI Filing Summary

eToro Group Ltd. (ETOR) director Avner Stepak reported an indirect conversion of 33,848 Class B common shares held by Shira 10 Strategies Ltd. into 33,848 Class A common shares on a one-for-one basis on September 6, 2026. Following the conversion, the indirectly held Class B common shares are 0 and indirectly held Class A common shares are 62,550. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

33,848 shares exercised/converted

Exercise 2 txns

Insider Stepak Avner

Role Director

Type	Security	Shares	Price	Value
Conversion	Class B common shares F1	33,848	$0.00	$0.00
Conversion	Class A common shares F1	33,848	$0.00	$0.00

Holdings After Transaction: Class B common shares — 0 contracts (Indirect, By Shira 10 Strategies Ltd.); Class A common shares — 62,550 shares (Indirect, By Shira 10 Strategies Ltd.)

Footnotes (1)

1. F1. Reflects conversion of Class B Common Shares into Class A Common shares on a one-for-one basis

Key Figures

Class B shares converted: 33,848 shares Class A shares received: 33,848 shares Class A shares held after transaction: 62,550 shares +2 more

5 metrics

Class B shares converted 33,848 shares Class B common shares converted into Class A on September 6, 2026

Class A shares received 33,848 shares Class A common shares acquired via one-for-one conversion

Class A shares held after transaction 62,550 shares Indirectly held by Shira 10 Strategies Ltd. after conversion

Class B shares held after transaction 0 shares Indirect Class B holdings following conversion

Transaction date September 6, 2026 Date of Class B to Class A share conversion

Key Terms

Class B common shares, Class A common shares, derivative security, Rule 10b5-1

4 terms

Class B common shares financial

"conversion of Class B common shares into Class A common shares"

Class B common shares are one of multiple types of a company’s ordinary stock that usually differ from other classes in voting power, dividend priority, or transferability. For investors, the difference matters because owning Class B may mean less control over corporate decisions or different income potential compared with other share classes—like having a seat with fewer votes at a board meeting while still sharing in the company’s profits.

Class A common shares financial

"converted into 33,848 Class A common shares on a one-for-one basis"

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).

derivative security financial

"Conversion of derivative security reported as transaction code C"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for these transactions"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did ETOR director Avner Stepak report?

Avner Stepak reported converting 33,848 Class B common shares into 33,848 Class A common shares on September 6, 2026, through Shira 10 Strategies Ltd., with no shares bought or sold for cash in this event.

How many eToro (ETOR) Class A shares does Avner Stepak hold after this Form 4?

After the reported conversion, Avner Stepak indirectly holds 62,550 Class A common shares of eToro Group Ltd. through Shira 10 Strategies Ltd., according to the reported post-transaction holdings.

What happened to Avner Stepak’s Class B shares of ETOR in this transaction?

The 33,848 Class B common shares held indirectly by Avner Stepak through Shira 10 Strategies Ltd. were converted into 33,848 Class A common shares on a one-for-one basis, leaving 0 Class B common shares indirectly held after the transaction.

Was Avner Stepak’s ETOR share conversion under a Rule 10b5-1 plan?

No. The report indicates no Rule 10b5-1 trading plan was affirmed for the transactions reported, so the conversion is not identified as occurring under such a pre-arranged plan.

Did Avner Stepak buy or sell ETOR shares for cash in this Form 4?

No. The report shows a conversion of 33,848 Class B shares into 33,848 Class A shares at a reported price of $0.00 per share, reflecting a derivative conversion rather than a cash purchase or sale.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/09/2026 - 10:47 AM Accepted by SEC EDGAR 09/09/2026 - 10:46 AM Learn about SEC filing dates

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).

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^*

Stepak Avner

(Last) (First) (Middle)

1 JABOTINSKY ST.

(Street)

BNEI BRAK 00000

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/06/2026

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	09/06/2026		C(1)		33,848	A	$0	62,550	I	By Shira 10 Strategies Ltd.

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
Class B common shares	$0	09/06/2026		C(1)			33,848	(1)	(1)	Class A common shares	33,848	$0	0	I	By Shira 10 Strategies Ltd.

Explanation of Responses:

1. Reflects conversion of Class B Common Shares into Class A Common shares on a one-for-one basis

	/s/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact	09/08/2026
	** 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)