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Global-e (NASDAQ: GLBE) board authorizes new $500M share repurchase program

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Global-e Online Ltd. has received Board approval for a new share repurchase program allowing the company to buy back up to $500 million of its ordinary shares, structured as a “distribution” under Israeli Companies Law and subject to completion of required Israeli regulatory procedures.

The company notes it has already completed approximately 80% of its prior $200 million 2025 repurchase plan. Repurchases may occur over time through open market purchases, privately negotiated transactions or other methods, and can be executed under Rule 10b-18 and Rule 10b5-1 arrangements.

Repurchases are not mandatory and the program may be suspended or discontinued at the company’s discretion. Buybacks may begin after a 30-day period during which creditors can object to the planned distribution. Global-e expects to fund the program with cash on hand and future operating cash flows.

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Insights

Global-e adds a sizable, flexible share repurchase authorization, pending Israeli procedures.

Global-e has Board authorization to repurchase up to $500 million of ordinary shares as a distribution under Israeli law. Management highlights this as incremental to a $200 million 2025 plan that is approximately 80% complete, signaling continued emphasis on returning capital.

The authorization is discretionary. Actual repurchases will depend on share price, market conditions, creditor responses during the 30‑day objection window, and the company’s financial position and liquidity. The program can be suspended or discontinued at any time, so the headline capacity may differ from realized activity.

The company plans to fund any buybacks with existing cash and future cash generated from operations, tying capital returns to ongoing cash generation rather than external financing. Future disclosures in periodic reports or updates on repurchase activity would clarify how much of the $500 million capacity is ultimately used over time.

New repurchase authorization $500 million Maximum aggregate amount of ordinary shares for new buyback program
Prior 2025 repurchase plan $200 million Size of earlier repurchase plan referenced by CFO
Completion of 2025 plan 80% Approximate portion of $200 million 2025 repurchase plan completed
Creditor objection period 30 days Time creditors may object to the distribution under Relief Regulations
share repurchase program financial
"the Company may repurchase an aggregate amount of up to $500 million of the its ordinary shares (the “Distribution”)"
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.
distribution regulatory
"approved a “distribution”, as defined in the Israeli Companies Law, 5759-1999 (the “Companies Law”) by way of a share repurchase program"
A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.
Israeli Companies Law regulatory
"approved a “distribution”, as defined in the Israeli Companies Law, 5759-1999 (the “Companies Law”)"
Israeli Companies Law is the main statute that sets the rules for forming, running and dissolving corporations in Israel, covering directors’ duties, shareholder rights, company reporting and corporate governance. Investors care because it defines who makes decisions, what information companies must share, and how disputes or transactions are handled — like the rulebook for a club that determines how members vote, get information, and protect their stake.
Rule 10b-18 regulatory
"all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
Rule 10b5-1 regulatory
"The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act"
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.
forward-looking statements regulatory
"Certain statements in this press release may constitute "forward-looking" statements and information"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-40408

 

Global-E Online Ltd. 

(Translation of registrant’s name into English)

 

9 HaPsagot St., 

Petah-Tikva 4951041, Israel 

(Address of registrant’s principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F         Form 40-F

 

 

 

EXPLANATORY NOTE

 

On June 4, 2026, Global-E Online Ltd. (the “Company”) issued a press release titled “Global-e Announces Board Authorization of $500 Million Share Repurchase Program”. A copy of the press release is furnished as Exhibit 99.1 herewith.

 

The Form 6-K and related exhibits are hereby incorporated by reference into the Company’s Registration Statements on Form S-8 (File No. 333-256403 and File No. 333-264156).

 

2

 

EXHIBIT INDEX

 

The following exhibit is furnished as part of this Form 6-K:

 

Exhibit

 
 

Description

 
99.1   Press release dated June 4, 2026 titled “Global-e Announces Board Authorization of $500 Million Share Repurchase Program”

 

3 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

 

  Global-E Online Ltd.
  (Registrant)
     
  By:

/s/ Amir Schlachet

 
  Name: Amir Schlachet
  Title: Chief Executive Officer

 

Date: June 4, 2026

 

4

 

 

Exhibit 99.1

 

Global-e Announces Board Authorization of $500 Million Share

Repurchase Program

 

PETAH-TIKVA, Israel, June 4, 2026 - Global-e Online Ltd. (Nasdaq: GLBE), the platform powering global direct-to-consumer e-commerce, today announced that its Board of Directors (the "Board") has approved a “distribution”, as defined in the Israeli Companies Law, 5759-1999 (the “Companies Law”) by way of a share repurchase program, pursuant to which the Company may repurchase an aggregate amount of up to $500 million of the its ordinary shares (the “Distribution”), subject to the completion of required Israeli regulatory procedures.

 

“As we have now completed approximately 80% of our $200 million 2025 repurchase plan, we are pleased to announce a new, incremental $500 million repurchase program. This new plan reflects our confidence in the company’s ability to generate strong, sustainable cash flow while continuing to invest in strategic initiatives. Returning capital to shareholders in the form of repurchases is an important lever within our capital allocation strategy,” said Ofer Koren, Global-e’s CFO.

 

Under the Board authorized repurchase program, Company securities may be repurchased from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its securities under this authorization. The repurchase program does not obligate the Company to acquire any particular amount of securities, and the repurchase program may be suspended or discontinued at any time at the Company's discretion. Repurchases under the repurchase program may begin after conclusion of the 30-day period for creditors of the Company to object to the Company's intention to effect the distribution by way of repurchase in accordance with the Companies Law and the promulgated Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 (the “Relief Regulations”), and Companies Regulations (Approval of Distribution), 5761–2001. The actual timing, number and value of securities repurchased depend on a number of factors, including the market price of the Company's ordinary shares, general market and economic conditions, any objections received by the Company from its creditors, the Company's financial results and liquidity, and other considerations. The Company expects to fund repurchases with cash on hand and future cash generated from its operations. According to Section 7C(C) of the Relief Regulations, the Company’s creditors may apply to the Company and object to the Distribution, within 30 days following its publication.

 

About Global-e

 

Global-e (Nasdaq: GLBE) is the world's leading platform enabling and accelerating global, Direct-To-Consumer e-commerce. The chosen partner of over 1,500 brands and retailers across North America, EMEA, and APAC, Global-e makes selling internationally as simple as selling domestically. The company enables merchants to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience. Global-e's end-to-end e-commerce solutions combine best-in-class localization capabilities, big-data best-practice business intelligence models, streamlined international logistics, and vast global e-commerce experience, enabling international shoppers to buy seamlessly online and retailers to sell to and from, anywhere in the world.

 

 

Cautionary Note Regarding Forward Looking Statements

 

Certain statements in this press release may constitute "forward-looking" statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the expected timing and completion of the share repurchase program and the benefits thereof, our future cash generation and financial position, are forward-looking statements. As the words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Global-e believes there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement, including but not limited to, failure to retain our existing merchants, or the gross merchandise value (GMV) generated by such merchants; failure to attract new merchants, or the merchants we attract fail to generate GMV or revenue comparable to our current merchants; failure to develop or acquire new functionality or enhance our existing platform; failure to successfully compete against current and future competition; failure to integrate our platform with e-commerce platforms; failure to maintain the functionality of our platform; failure to manage our growth effectively; risks associated with cross-border sales and operations; risks associated with governmental export controls; the compromise of personal information of our merchants and shoppers we store; failure to enhance our reputation and awareness of our platform; diminished demand for our platform and services as a result of changes in laws and regulations; actual or perceived failure to comply with stringent and changing laws, regulations, standards and contractual obligations related to privacy, data protection and data security; failure to adequately maintain, protect or enforce our intellectual property rights; our ability to develop or maintain the functionality of our platforms, including real or perceived errors, failures, vulnerabilities, or bugs in our platforms; the market price and trading volume of the our ordinary shares may be volatile and could decline significantly; and other factors discussed under the heading "Risk Factors", under heading "Operating and Financial Review and Prospects," and under heading "Business" in Global-e's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on March 26, 2026 and other documents filed with or furnished by Global-e from time to time with the Securities and Exchange Commission (the "SEC"). You should carefully consider the foregoing factors. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this document. Except as required by law, there should not be an expectation that such information will in all circumstances be updated, supplemented, or revised whether as a result of new information, changing circumstances, future events, or otherwise.

 

 

 

FAQ

What did Global-e Online Ltd. (GLBE) announce in this Form 6-K?

Global-e announced Board approval of a new share repurchase program authorizing buybacks of up to $500 million of its ordinary shares. The program is structured as a distribution under Israeli Companies Law and remains subject to completion of required Israeli regulatory procedures and creditor objection periods.

How large is Global-e’s new share repurchase program and how does it compare to the prior plan?

The new authorization allows Global-e to repurchase up to $500 million of ordinary shares. Management notes this program is incremental to a $200 million 2025 repurchase plan, of which approximately 80% has already been completed, indicating a step-up in total approved buyback capacity.

When can Global-e begin repurchasing shares under the $500 million program?

Repurchases may begin after the 30-day period during which company creditors can object to the intended distribution by way of repurchase. This objection period is required under Israeli Companies Law and related Relief Regulations, and represents a key procedural step before buybacks can commence.

What methods may Global-e use to execute its $500 million share repurchase authorization?

Global-e may repurchase securities over time through open market purchases, privately negotiated transactions, or other methods allowed under U.S. securities laws. The company may also use Rule 10b5-1 trading plans and intends to conduct transactions in accordance with Rule 10b-18 under the Exchange Act.

Is Global-e required to repurchase the full $500 million of shares under this program?

The program does not obligate Global-e to acquire any specific amount of securities. Repurchases are discretionary and depend on share price, market and economic conditions, creditor objections, financial results, liquidity, and other considerations. The company can suspend or discontinue the program at its discretion.

How does Global-e plan to fund its new share repurchase program?

Global-e expects to fund repurchases with cash on hand and future cash generated from operations. This approach links capital returns to internal cash generation rather than external financing, consistent with management’s comments about confidence in the company’s ability to produce strong, sustainable cash flow.

Filing Exhibits & Attachments

1 document