Global-E Online (GLBE) founder plans $1.06M stock sale via Goldman Sachs

Rhea-AI Filing Summary

Global-E Online Ltd. (GLBE) – Form 144 filing overview: Co-founder Nir Debbi has filed a Form 144 indicating an intent to sell up to 31,921 common shares through Goldman Sachs & Co. LLC on or about 07/07/2025. Based on the cited aggregate market value of $1.06 million, the proposed sale represents roughly 0.02 % of the company’s 169.7 million shares outstanding.

The filing also discloses a series of twelve prior open-market sales during the past three months totaling 36,672 shares for gross proceeds of $1.13 million. The shares being registered for potential sale were originally acquired directly from the issuer in a private transaction on 01/01/2013.

• Broker: Goldman Sachs & Co. LLC (New York).
• Securities class: Common stock listed on NASD.
• Seller’s relationship: Not explicitly stated, but historical filings identify Mr. Debbi as a co-founder and executive director.

Investor takeaways: The proposed disposition is modest relative to float and may reflect routine diversification. Nevertheless, the pattern of continued insider selling could be interpreted as a mild negative sentiment signal unless accompanied by offsetting insider purchases or fundamental catalysts.

Positive

• Proposed sale equals only ~0.02 % of shares outstanding, unlikely to exert significant market pressure.
• Transparent disclosure via Form 144 and use of a reputable broker (Goldman Sachs) enhances procedural compliance.

Negative

• Ongoing insider selling trend (36,672 shares sold in prior 3 months plus 31,921 planned) may signal reduced insider conviction.
• No offsetting insider purchases disclosed, potentially weakening investor sentiment toward future growth prospects.

Insights

Securities Analyst

TL;DR: Small insider sale (~0.02% of shares) unlikely to move GLBE stock materially.

The 31.9k-share Form 144 equates to about one trading day of GLBE’s average volume and less than a fifth of one percent of shares outstanding. Cash proceeds of roughly $1.06 million are immaterial to the $9 billion market cap. Prior sales show a consistent disposition trend but at similarly low volumes, reinforcing the view that the event is routine portfolio management by a founder rather than an indicator of operational weakness. I therefore classify the impact as neutral.

Corporate Governance Expert

TL;DR: Repeated founder selling may pressure sentiment despite limited size.

While the absolute volume is small, Mr. Debbi’s successive transactions—over 36k shares in the last quarter and another 31.9k registered—signal a steady reduction in insider ownership. Persistent selling, without offsetting insider buys, can erode investor confidence in management’s long-term alignment, especially for growth firms reliant on narrative. Accordingly, I view the disclosure as modestly negative, though not materially impactful to liquidity.

FAQ

Who is selling GLBE shares in this Form 144?

Co-founder Nir Debbi is the filer intending to sell 31,921 common shares.

What is the market value of the proposed GLBE share sale?

The filing lists an aggregate market value of approximately $1,058,819.57.

What percentage of Global-E Online’s shares does 31,921 represent?

It is about 0.02 % of the 169,726,072 shares outstanding.

When is the planned sale date for the GLBE shares?

The approximate sale date provided is 07/07/2025.

Which broker will execute the GLBE insider sale?

Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282.

Have there been recent GLBE insider sales by the same individual?

Yes; the filing lists 12 transactions totaling 36,672 shares sold between 04/11/2025 and 06/11/2025.

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

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Accepted by SEC EDGAR 07/07/2025 - 05:42 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001964141
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Global-e Online Ltd
SEC File Number	001-40408
Address of Issuer	9 HaPsagot Street Petah Tikva ISRAEL 4951041
Phone	972-73-260-5078
Name of Person for Whose Account the Securities are To Be Sold	Nir Debbi
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	31921	1058819.57	169726072	07/07/2025	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/01/2013	Acquired from issuer in private transaction	Issuer			31921	01/01/2013	None

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	06/06/2025	136	4775.35
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	05/12/2025	15625	642550
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	06/11/2025	2083	71134.87
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	05/05/2025	2083	75940.14
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	04/11/2025	2083	69456.8
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	05/12/2025	2083	84172.16
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	05/12/2025	2083	84555.64
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	05/05/2025	2083	76373.4
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	06/02/2025	2083	65866.33
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	06/05/2025	1271	44821.31
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	04/24/2025	1143	41350.77
Nir Debbi 9 HaPsagot Street Petah Tikva L3 4951041	Common	04/23/2025	940	33471.43

144: Remarks and Signature

Remarks	The sales of shares set forth herein are made in connection with a selling plan dated 08.29.2024 that is intended to comply with Rule 10b5-1(c).
Date of Notice	07/07/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/29/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of Nir Debbi
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)