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Ex-ZIM (NYSE: ZIM) CEO unloads stock after 207K-option exercise

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

ZIM Integrated Shipping Services Ltd. (ZIM) reported that former CEO Eli Glickman exercised and disposed of equity awards and shares. On August 21, 2026 he exercised 207,941 stock options at an exercise price of $24.45 per share on a net basis, with shares withheld to cover the aggregate exercise price, resulting in issuance of 20,748 ordinary shares. All 20,748 shares received from this option exercise and an additional 233,473 ordinary shares were sold the same day at a weighted average price of $28.2205 per share. Following this transaction, zero shares remained outstanding from the reported option award, and Glickman is no longer an officer of the company as of July 1, 2026.

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Insights

Analyzing...

Insider Glickman Eli
Role Insider
Sold 254,221 shs ($7.17M)
Approx. gross sale proceeds $7.17M
Approx. exercise cost $5.08M
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) F2, F1 207,941 $0.00 $0.00
Sale Ordinary Shares F3, F4 20,748 $28.2205 $586K
Sale Ordinary Shares F4 233,473 $28.2205 $6.59M
Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct); Ordinary Shares — 0 shares (Direct)
Footnotes (4)
  1. F1. The reporting person exercised 207,941 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 20,748 shares. All shares received upon exercise were sold on the same day, as reported in Table I.
  2. F2. 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.
  3. F3. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 20,748 shares, all of which were sold on the same day.
  4. F4. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $28.115 to $28.3915. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
Stock options exercised 207,941 options Options exercised on a net basis on August 21, 2026
Option exercise price $24.45 per share Exercise price of stock option award for ZIM ordinary shares
Shares issued from net exercise 20,748 shares Ordinary shares issued after withholding shares to cover exercise price
Total shares sold 254,221 shares Sum of 20,748 and 233,473 ordinary shares sold on August 21, 2026
Weighted average sale price $28.2205 per share Weighted average price for shares sold in multiple transactions
Sale price range $28.115 to $28.3915 per share Range of prices for multiple sale transactions on August 21, 2026
Options remaining from this award 0 options Total shares following derivative transaction for this option grant
net basis financial
"The reporting person exercised 207,941 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

What did former CEO Eli Glickman report in this Form 4 for ZIM?
He reported exercising 207,941 stock options on a net basis, receiving 20,748 ordinary shares, and selling those 20,748 shares plus an additional 233,473 shares of ZIM on August 21, 2026 at a weighted average price of $28.2205 per share.

How many ZIM shares did Eli Glickman sell in total on August 21, 2026?
He sold a total of 254,221 ordinary shares of ZIM, consisting of 20,748 shares issued from a net option exercise and 233,473 additional shares, all sold the same day at a weighted average price of $28.2205 per share.

What stock options did Eli Glickman exercise in this ZIM Form 4?
He exercised 207,941 stock options for ZIM ordinary shares at an exercise price of $24.45 per share. The options, originally exercisable from March 9, 2023 and expiring March 8, 2027, were exercised on a net basis with shares withheld to cover the exercise price.

What does exercising ZIM options on a net basis mean in this filing?
Exercising on a net basis means 207,941 options were exercised but some shares were withheld to cover the aggregate exercise price, so only 20,748 shares were actually issued to Eli Glickman, and all of those issued shares were then sold the same day.

At what price were Eli Glickman’s ZIM shares sold?
The shares were sold at a weighted average price of $28.2205 per ZIM ordinary share. Footnotes state the sales occurred in multiple transactions with prices ranging from $28.115 to $28.3915, all on August 21, 2026.

Is Eli Glickman still an officer of ZIM Integrated Shipping Services Ltd.?
No. The filing notes that Eli Glickman ceased serving as ZIM’s Chief Executive Officer on July 1, 2026 and is no longer an officer of the company. The reported transactions occurred after he held the role of CEO.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
X
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*
Glickman Eli
(Last)(First)(Middle)
9 ANDREI SAKHAROV STREET
P.O. BOX 15067 MATAM
(Street)
HAIFA
(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)
Director10% Owner
Officer (give title below)XOther (specify below)
Former CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares08/21/2026S20,748(3)D$28.2205(4)233,473D
Ordinary Shares08/21/2026S233,473D$28.2205(4)0D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$24.45(2)08/21/2026M(1)207,94103/09/202303/08/2027Ordinary Shares207,941$00D
Explanation of Responses:
1. The reporting person exercised 207,941 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 20,748 shares. All shares received upon exercise were sold on the same day, as reported in Table I.
2. 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.
3. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 20,748 shares, all of which were sold on the same day.
4. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $28.115 to $28.3915. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
Remarks:
The reporting person ceased serving as the Company's Chief Executive Officer on July 1, 2026 and is no longer an officer of the Company.
/s/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact08/24/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR