Nayax (NYSE: NYAX) CRO receives 12,000 RSUs with multi-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tepper Oren reported acquisition or exercise transactions in this Form 4 filing.
Nayax Ltd. reported that its Chief Revenue Officer, Oren Tepper, received a grant of 12,000 Ordinary Shares as a stock-based award, at no cash cost per share. Following this grant, he directly holds 20,444 shares.
The award was structured as restricted stock units (RSUs), each representing a right to receive one Ordinary Share. According to the vesting schedule, 3,500 RSUs vest on May 30, 2026, and the remaining 8,500 vest in four equal annual installments on March 15 of each year, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tepper Oren
Role
CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 12,000 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 20,444 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 12,000 shares
Post-grant holdings: 20,444 shares
Grant price: $0.0000 per share
+2 more
5 metrics
RSUs granted
12,000 shares
Grant of restricted stock units to CRO
Post-grant holdings
20,444 shares
Total Ordinary Shares held directly after transaction
Grant price
$0.0000 per share
Reported transaction price per share for the award
Initial vesting tranche
3,500 RSUs
Vest on May 30, 2026, subject to continued service
Remaining vesting RSUs
8,500 RSUs
Vest in four equal annual installments on March 15
Key Terms
restricted stock units ("RSUs"), contingent right, vesting, Ordinary Shares
4 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"RSUs, which each represent a contingent right to receive one share of ordinary stock"
vesting financial
"3,500 RSUs vest after 20 days (05/30/2026) and the remaining 8,500 vest in four equal annual installments"
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.
FAQ
What did Nayax (NYAX) disclose about CRO Oren Tepper in this Form 4?
Nayax disclosed that CRO Oren Tepper received a grant of 12,000 restricted stock units (RSUs), each representing one Ordinary Share. The grant is a stock-based award with no cash paid per share, increasing his direct holdings to 20,444 shares.
What is the vesting schedule for Oren Tepper’s 12,000 Nayax (NYAX) RSUs?
The 12,000 RSUs vest in two parts: 3,500 vest on May 30, 2026, and the remaining 8,500 vest in four equal annual installments on March 15. Each vesting is conditioned on Tepper’s continued service with Nayax or its subsidiaries.
What type of security was granted to Nayax (NYAX) CRO Oren Tepper?
Tepper was granted restricted stock units (RSUs) tied to Ordinary Shares of Nayax. Each RSU represents a contingent right to receive one Ordinary Share, subject to time-based vesting and his continued service with the company or its subsidiaries.