Zedge CEO Exercises Options Covering 60,000 Shares
The option exercise included 45,099 shares used for the exercise price and 5,372 shares withheld for tax.
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Form Type
4
Rhea-AI Filing Summary
Zedge, Inc. CEO & President Jonathan Reich exercised options covering 60,000 shares of Class B common stock on September 25, 2026, at a $2.27 exercise price through a cashless exercise. The associated note says 45,099 shares were issued to him, 45,099 shares were used to pay the exercise price, and 5,372 shares were withheld for tax withholding.
On September 7, 2026, 6,467 Deferred Stock Units vested and 6,467 Class B shares were issued; 2,331 shares were withheld for taxes. The notes state that 6,467 additional units are scheduled to vest September 6, 2027, and that 39,950 Class B shares were held indirectly through a 401(k) Plan as of September 29, 2026. No Rule 10b5-1 plan is reported.
Insider Trade Summary
66,467 shares exercised/converted
Exercise
7 txns
Insider
REICH JONATHAN
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 60,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock, par value $.01 per share F3 | 60,000 | $2.27 | $136K |
| Exercise Price or Tax Liability | Class B Common Stock, par value $.01 per share F4 | 50,471 | $3.02 | $152K |
| Exercise | Deferred Stock Units F1, F6 | 6,467 | $0.00 | $0.00 |
| Exercise | Class B Common Stock, par value $.01 per share F1 | 6,467 | -- | -- |
| Tax Withholding | Class B Common Stock, par value $.01 per share F2 | 2,331 | $2.97 | $7K |
| holding | Class B Common Stock, par value $.01 per share F5 | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 0 contracts (Direct);
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Class B Common Stock, par value $.01 per share — 92,946 shares (Direct);
Class B Common Stock, par value $.01 per share — 39,950 shares (Indirect, By 401(k) Plan)
Footnotes (6)
- F1. Deferred Stock Units, or DSUs, convert into shares of Class B Common Stock on a one-for-one basis.
- F2. Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- F3. Options with respect to 60,000 shares were exercised using a "cashless exercise" mechanism in accordance with the terms of the option instrument.
- F4. Represents options with respect to 45,099 shares which were utilized to pay the exercise price and 5,372 shares which were withheld by the Issuer to pay the tax withholding obligation that arose upon the Reporting Person's exercise of the option to purchase shares of Class B Common Stock described in Table II of this Form 4. 45,099 shares were issued to the Reporting Person.
- F5. As of September 29, 2026.
- F6. On January 21, 2025, the Reporting Person was granted 19,400 DSUs. Each DSU represents the right to receive between 1/3 of a share and 3 shares of the Issuer's Class B common stock. 6,466 of the DSUs vested on September 8, 2025, and an additional 6,467 vested on September 7, 2026. The remaining 6,467 DSUs are scheduled to vest on September 6, 2027. The number of shares issued for each DSU vested depends on the market price for the Class B common stock as of the relevant vesting date. For the September 7, 2026 vesting, the market price was $2.97, between $2.76 (the grant price) and $3.99; therefore, 6,467 shares were issued on September 7, 2026 for the 6,467 DSUs that vested that day, based on the applicable distinct market price band.
Key Figures
Options exercised: 60,000 shares
Exercise price: $2.27 per share
Shares issued: 45,099 shares
+5 more
8 metrics
Options exercised
60,000 shares
September 25, 2026; cashless exercise
Exercise price
$2.27 per share
Options exercised September 25, 2026
Shares issued
45,099 shares
Option exercise on September 25, 2026
Shares withheld for tax
5,372 shares
Option exercise on September 25, 2026
Deferred Stock Units vested
6,467 units
September 7, 2026; 6,467 shares issued
Shares withheld for taxes
2,331 shares
DSU vesting on September 7, 2026
Market price
$2.97 per share
September 7, 2026 DSU vesting
401(k) Plan holdings
39,950 shares
Class B common stock as of September 29, 2026
Key Terms
cashless exercise, Deferred Stock Units, distinct market price band, tax withholding obligation
4 terms
cashless exercise financial
"using a "cashless exercise" mechanism"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Deferred Stock Units financial
"Deferred Stock Units, or DSUs, convert into shares"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
distinct market price band financial
"based on the applicable distinct market price band"
tax withholding obligation financial
"withheld by the Issuer to pay the tax withholding obligation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many ZDGE options did Jonathan Reich exercise?
Jonathan Reich exercised options covering 60,000 shares of Class B common stock on September 25, 2026, at a $2.27 exercise price using a cashless exercise. The associated note reports 45,099 shares issued and says 45,099 shares were used to pay the exercise price; 5,372 shares were withheld for the resulting tax obligation. No Rule 10b5-1 plan is reported.
What happened to Jonathan Reich’s ZDGE deferred stock units?
6,467 Deferred Stock Units vested on September 7, 2026, and 6,467 shares were issued. The notes say each unit represented a right to between one-third of a share and three shares, with the share amount based on the market price on the vesting date. Of 19,400 units granted on January 21, 2025, the remaining 6,467 are scheduled to vest on September 6, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
