ZIM EVP Assaf sells 4,727 shares after exercise

ZIM Integrated Shipping Services Ltd. (ZIM) reported that executive vice president Tiran Assaf exercised company stock options and immediately sold all resulting ordinary shares on September 15, 2026.

Rhea-AI Filing Summary

ZIM Integrated Shipping Services Ltd. (ZIM) reported that executive vice president Tiran Assaf exercised company stock options and immediately sold all resulting ordinary shares on September 15, 2026. He exercised a total of 25,594 options on a net basis, receiving 4,727 ordinary shares, all of which were sold the same day in open-market or private transactions at weighted average prices around $29.51 per share. The options had exercise prices of $24.45 and $23.71 per share, which were adjusted under anti-dilution provisions following a cash dividend. No transactions are reported as made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Tiran Assaf

Role EVP Cross Suez & Atlantic BU

Sold 4,727 shs ($139K)

Approx. gross sale proceeds $139K

Approx. exercise cost $620K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy) F3, F1	17,816	$0.00	$0.00
Exercise	Stock Option (Right to Buy) F3, F2	7,778	$0.00	$0.00
Sale	Ordinary Shares F4, F6	3,156	$29.5128	$93K
Sale	Ordinary Shares F5, F7	1,571	$29.5079	$46K

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Ordinary Shares — 0 shares (Direct)

Footnotes (7)

1. F1. The reporting person exercised 17,816 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 3,156 shares. All shares received upon exercise were sold on the same day, as reported in Table I.
2. F2. The reporting person exercised 7,778 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 1,571 shares. All shares received upon exercise were sold on the same day, as reported in Table I.
3. F3. The exercise price reflected above has been adjusted to reflect a cash dividend paid by the Issuer, in accordance with the anti-dilution provisions applicable to this award.
4. F4. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 3,156 shares, all of which were sold on the same day.
5. F5. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 1,571 shares, all of which were sold on the same day.
6. F6. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $29.50 to $29.5271. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
7. F7. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $29.4803 to $29.55. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

Key Figures

Shares sold: 4,727 shares Options exercised: 25,594 options Weighted average sale price (larger block): $29.5128 per share +5 more

8 metrics

Shares sold 4,727 shares Ordinary shares sold on September 15, 2026 after option exercises

Options exercised 25,594 options Total stock options exercised on a net basis on September 15, 2026

Weighted average sale price (larger block) $29.5128 per share 3,156 shares of ZIM ordinary shares sold on September 15, 2026

Weighted average sale price (smaller block) $29.5079 per share 1,571 shares of ZIM ordinary shares sold on September 15, 2026

Option exercise price for 17,816 options $24.45 per share Exercise price for a portion of the stock options exercised into ZIM ordinary shares

Option exercise price for 7,778 options $23.71 per share Exercise price for another portion of the stock options exercised into ZIM ordinary shares

Net shares issued from 17,816 options 3,156 shares Shares issued after withholding shares to cover the exercise price

Net shares issued from 7,778 options 1,571 shares Shares issued after withholding shares to cover the exercise price

Key Terms

net basis, weighted average price, anti-dilution provisions

3 terms

net basis financial

"The reporting person exercised 17,816 stock options on a net basis."

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

anti-dilution provisions financial

"in accordance with the anti-dilution provisions applicable to this award."

Anti-dilution provisions are contract terms that protect an investor’s percentage ownership when a company issues new shares at a lower price than the investor originally paid. They work like an automatic recalculation of split pieces when a pie gets cut into more slices, preserving the investor’s relative stake and reducing unexpected losses of ownership and voting power, which matters because it affects potential control, future returns, and valuation of an investment.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ZIM (ZIM) executive Tiran Assaf report in this Form 4?

He reported exercising 25,594 stock options on a net basis and receiving 4,727 ordinary shares, then selling all of those shares on September 15, 2026 in market or private transactions.

How many ZIM (ZIM) shares did Tiran Assaf sell and at what prices?

He sold a total of 4,727 ordinary shares: 3,156 shares at a weighted average price of $29.5128 and 1,571 shares at a weighted average price of $29.5079, all on September 15, 2026.

What option exercise prices did Tiran Assaf have for his ZIM (ZIM) stock options?

He exercised 17,816 options with an exercise price of $24.45 per share and 7,778 options with an exercise price of $23.71 per share, both relating to ZIM ordinary shares.

Were the ZIM (ZIM) option exercise prices adjusted for any corporate actions?

Yes. The filing states that the exercise price was adjusted to reflect a cash dividend paid by ZIM, in line with the anti-dilution provisions applicable to the stock option award.

Did ZIM (ZIM) executive Tiran Assaf retain any shares from these option exercises?

According to the filing, the options were exercised on a net basis, with shares withheld to cover the exercise price, resulting in 4,727 shares issued, and all issued shares were sold on the same day.

Were Tiran Assaf’s ZIM (ZIM) transactions made under a Rule 10b5-1 plan?

The Form 4 indicates that no Rule 10b5-1 trading plan is reported for these transactions.

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Available on EDGAR 09/16/2026 - 07:11 AM Accepted by SEC EDGAR 09/16/2026 - 07:11 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tiran Assaf

(Last) (First) (Middle)

9 ANDREI SAKHAROV STREET

P.O. BOX 15067 MATAM

(Street)

HAIFA 3190500

(City) (State) (Zip)

ISRAEL

(Country)

2. Issuer Name and Ticker or Trading Symbol
ZIM Integrated Shipping Services Ltd. [ ZIM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Cross Suez & Atlantic BU

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	09/15/2026		S		3,156(4)	D	$29.5128(6)	0	D
Ordinary Shares	09/15/2026		S		1,571(5)	D	$29.5079(7)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$24.45(3)	09/15/2026		M(1)			17,816	03/09/2023	03/08/2027	Ordinary Shares	17,816	$0	0	D
Stock Option (Right to Buy)	$23.71(3)	09/15/2026		M(2)			7,778	08/14/2023	08/14/2027	Ordinary Shares	7,778	$0	0	D

Explanation of Responses:

1. The reporting person exercised 17,816 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 3,156 shares. All shares received upon exercise were sold on the same day, as reported in Table I.

2. The reporting person exercised 7,778 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 1,571 shares. All shares received upon exercise were sold on the same day, as reported in Table I.

3. The exercise price reflected above has been adjusted to reflect a cash dividend paid by the Issuer, in accordance with the anti-dilution provisions applicable to this award.

4. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 3,156 shares, all of which were sold on the same day.

5. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 1,571 shares, all of which were sold on the same day.

6. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $29.50 to $29.5271. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

7. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $29.4803 to $29.55. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

	/s/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact	09/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)