Nova (NASDAQ: NVMI) director sells 426 shares, retains 2,038 holding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOVA LTD. director Yaniv Garty completed an open-market sale of 426 ordinary shares at $514.49 per share. After this sale, he directly holds 2,038 ordinary shares. His position also includes multiple restricted share unit awards that vest annually through 2028 and one grant vesting on June 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 426 shares ($219,173)
Net Sell
1 txn
Insider
Garty Yaniv
Role
null
Sold
426 shs ($219K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 426 | $514.49 | $219K |
Holdings After Transaction:
Ordinary Shares — 2,038 shares (Direct, null)
Footnotes (1)
- Includes 184 ordinary shares. Includes 55 restricted share units ("RSUs") which shall vest in equal annual installments through 2027, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Each RSU represents the right to receive one ordinary share upon vesting and settlement. Includes 426 RSUs which shall vest in equal annual installments through 2027, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Each RSU represents the right to receive one ordinary share upon vesting and settlement. Includes 546 RSUs which shall vest in equal annual installments through 2028, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Each RSU represents the right to receive one ordinary share upon vesting and settlement. Includes 827 RSUs which 100% vest on June 18, 2026, the first anniversary of grant, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Each RSU represents the right to receive one ordinary share upon vesting and settlement.
Key Figures
Shares sold: 426 shares
Sale price: $514.49 per share
Shares held after sale: 2,038 shares
+5 more
8 metrics
Shares sold
426 shares
Open-market sale of ordinary shares on May 18, 2026
Sale price
$514.49 per share
Price for the 426 ordinary shares sold
Shares held after sale
2,038 shares
Direct ordinary share holdings following the transaction
RSUs vesting through 2027
55 RSUs
Vest in equal annual installments through 2027, service-based
RSUs vesting through 2027
426 RSUs
Vest in equal annual installments through 2027, service-based
RSUs vesting through 2028
546 RSUs
Vest in equal annual installments through 2028, service-based
RSUs vesting June 18, 2026
827 RSUs
100% vest on June 18, 2026, subject to continued service
Included ordinary shares
184 shares
Footnote indicates 184 ordinary shares included in total
Key Terms
open-market sale, restricted share units ("RSUs"), vesting, ordinary shares, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
vesting financial
"which shall vest in equal annual installments through 2027, subject to the Reporting Person's provision of service"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
settlement financial
"Each RSU represents the right to receive one ordinary share upon vesting and settlement."
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What insider transaction did NOVA LTD. (NVMI) report for Yaniv Garty?
NOVA LTD. reported that director Yaniv Garty executed an open-market sale of 426 ordinary shares at a price of $514.49 per share. This transaction reduced his directly held ordinary shares while leaving his existing restricted share unit awards unchanged.
What type of Form 4 transaction did NOVA LTD. (NVMI) disclose for Yaniv Garty?
The Form 4 shows a transaction coded “S,” indicating an open-market or private sale of non-derivative ordinary shares. Specifically, the director sold 426 ordinary shares at $514.49 per share, classified as a direct ownership transaction in the filing.
Are Yaniv Garty’s NOVA LTD. (NVMI) RSUs subject to service conditions?
Yes. Each RSU award vests only if Yaniv Garty continues providing service to NOVA LTD. through the relevant vesting dates. Upon vesting and settlement, each restricted share unit converts into one ordinary share of the company, increasing his share ownership at that time.
Did the NOVA LTD. (NVMI) Form 4 include any derivative securities exercises?
No derivative exercises were reported in this Form 4. The transaction summary shows no option or other derivative exercises, with all activity limited to a single open-market sale of 426 ordinary shares and separate disclosure of unexercised RSU awards vesting in future years.