ZIM EVP sells 2,312 shares after option exercise
ZIM EVP Tiran Assaf exercised options on a net basis and sold all resulting 2,312 shares on September 8, 2026.
Rhea-AI Filing Summary
ZIM Integrated Shipping Services Ltd. executive Tiran Assaf, EVP Cross Suez & Atlantic BU, exercised 16,000 stock options for Ordinary Shares on September 8, 2026 at an exercise price of $24.45 per share. The options were exercised on a net basis, with shares withheld to cover the aggregate exercise price, resulting in the issuance of 2,312 Ordinary Shares. On the same day, all 2,312 shares were sold at a weighted average price of $30.2063 per share. After these transactions, Assaf reported no Ordinary Shares held directly and 17,816 stock options remaining outstanding. No Rule 10b5-1 trading plan was reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
2 txns
Insider
Tiran Assaf
Role
EVP Cross Suez & Atlantic BU
Sold
2,312 shs ($70K)
Approx. gross sale proceeds
$70K
Approx. exercise cost
$391K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2, F1 | 16,000 | $0.00 | $0.00 |
| Sale | Ordinary Shares F3, F4 | 2,312 | $30.2063 | $70K |
Holdings After Transaction:
Stock Option (Right to Buy) — 17,816 contracts (Direct);
Ordinary Shares — 0 shares (Direct)
Footnotes (4)
- F1. The reporting person exercised 16,000 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 2,312 shares. All shares received upon exercise were sold on the same day, as reported in Table I.
- 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.
- F3. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 2,312 shares, all of which were sold on the same day.
- F4. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $30.10 to $30.30. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
Key Figures
Options exercised: 16,000 options
Exercise price: $24.45 per share
Shares issued on net exercise: 2,312 shares
+4 more
7 metrics
Options exercised
16,000 options
Stock options for Ordinary Shares exercised by Tiran Assaf on September 8, 2026
Exercise price
$24.45 per share
Exercise price for the 16,000 stock options, adjusted under anti-dilution provisions
Shares issued on net exercise
2,312 shares
Ordinary Shares issued to Tiran Assaf after net exercise of stock options
Weighted average sale price
$30.2063 per share
Price for sale of 2,312 Ordinary Shares in multiple trades on September 8, 2026
Shares held after sale
0 shares
Directly held Ordinary Shares by Tiran Assaf following the reported sale
Stock options remaining
17,816 options
Stock options held by Tiran Assaf after the option exercise reported
Option expiration date
March 8, 2027
Expiration date of the stock option award that was exercised in part
Key Terms
net basis, weighted average price, anti-dilution provisions, aggregate exercise price
4 terms
net basis financial
"The reporting person exercised stock options on a net basis. Shares were withheld"
weighted average price financial
"The price reported is a weighted average price. These shares were sold"
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.
aggregate exercise price financial
"Shares were withheld to cover the aggregate exercise price, resulting in"
FAQ
What insider transaction did ZIM (ZIM) report for executive Tiran Assaf?
ZIM reported that Tiran Assaf exercised 16,000 stock options for Ordinary Shares on September 8, 2026 on a net basis, receiving 2,312 shares, and sold all 2,312 shares the same day at a weighted average price of $30.2063 per share.
Were the ZIM (ZIM) insider trades by Tiran Assaf under a Rule 10b5-1 plan?
No. The filing indicates that the trades reported for Tiran Assaf were not made under a Rule 10b5-1 trading plan, as the plan-related checkbox was not marked and no footnote describes a trading plan.
What does it mean that ZIM (ZIM) options were exercised on a net basis?
Exercising on a net basis means the reporting person did not pay the exercise price in cash. Instead, shares were withheld to cover the aggregate exercise price, and the remainder, totaling 2,312 shares, was issued and then sold the same day.
Why was the ZIM (ZIM) stock option exercise price adjusted?
The filing states that the $24.45 exercise price was adjusted to reflect a cash dividend paid by ZIM, in accordance with the anti-dilution provisions applicable to this stock option award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
