Ben David Alon 4

What Happened
Ben‑David Alon, Chief Technology Officer of Super Group (SGHC) Ltd., had 38,915 restricted stock units (RSUs) settled into common shares on June 30, 2026 and immediately sold 7,801 of those shares. The sale was at $13.74 per share for proceeds of roughly $107,000. The settlement of RSUs is recorded as a derivative conversion/exercise (reporting code M) and the sale is reported as a disposition (code S).

Key Details

• Transaction date: June 30, 2026. Sale price: $13.74 per share. Reported proceeds ≈ $107,000 (7,801 shares × $13.74).
• RSU settlement: 38,915 RSUs settled into shares on June 30, 2026 (part of a June 12, 2026 grant of 116,747 RSUs).
• Net shares added to holdings from this settlement: 38,915 settled − 7,801 sold = 31,114 net shares retained. Total shares owned after the transaction are not disclosed in the Form 4.
• Footnote: The 7,801‑share sale was “solely to satisfy tax withholding obligations” upon RSU vesting (tax‑withholding sell‑to‑cover). Remaining 77,832 RSUs (of the 116,747 grant) vest in two equal installments on March 31, 2027 and March 31, 2028; settlement may be in shares or cash at the issuer’s election.
• Filing timeliness: Reported on June 30, 2026 (period/report date 2026‑06‑30); no late filing indicated.

Context

• This was not an open‑market purchase but a routine RSU settlement with a partial sell to cover taxes (common practice). The derivative entries reflect RSU settlement (conversion into common stock), not an option exercise for cash proceeds. The sale to satisfy tax withholding is generally administrative and does not necessarily signal the insider’s view on the company’s stock.