Pinillos Manrique de Lara Pablo 4

What Happened

• Pablo Pinillos Manrique de Lara, who serves as Freightos' CEO, CFO and a director, sold 17,898 ordinary shares on 2026-03-31 at $1.57 per share, generating about $28,100. The reported sale was a sale-to-cover to satisfy tax withholding obligations for vested restricted share units (RSUs), not an open-market directional bet.

Key Details

• Transaction date and price: 2026-03-31, 17,898 shares at $1.57/share (total ≈ $28,100).
• Transaction type: Sale (reported as an open market/private sale) and specifically a sale-to-cover to pay taxes on vested RSUs (footnote F1).
• Holdings after transaction: The filing summary provided holdings rows for informational purposes (see footnote F2) and multiple RSU grants with varying vesting schedules (footnotes F3–F5); the exact post-sale share total is not specified in the provided summary.
• RSU vesting notes: RSUs began vesting for the reporting person on April 1, 2025. Some RSUs vest and settle in full on 12/31/2027 or 12/31/2028 (F3–F4); another grant vests 33.33% after one year then quarterly over the next eight quarters, fully vesting by the three-year anniversary (F5).
• Filing timeliness: Reported and filed on 2026-03-31 (no late filing noted). Exhibit 24.1 (Power of Attorney) was attached.

Context

• Sale-to-cover transactions are routine tax-withholding actions when RSUs vest and do not necessarily signal insider sentiment about the company’s shares. This was not a purchase or an option exercise; it was a tax-withholding sale associated with RSU vesting (transaction code: S with footnote F1).