Arroyo Ian 4

What Happened

• Ian Arroyo, Chief Strategy Officer of Freightos Ltd (CRGO), disposed of a total of 1,751 ordinary shares on April 16, 2026. The sales were two transactions: 756 shares at $1.85 ($1,399) and 995 shares at $1.85 ($1,841), totaling approximately $3,240.
• These were sales (S) and the filing identifies them as sale-to-cover transactions related to restricted stock units (RSUs), a routine tax-withholding step when RSUs vest rather than a directional bet on the stock.

Key Details

• Transaction date: April 16, 2026; Price: $1.85 per share for both sales.
• Shares sold: 756 and 995 (total 1,751); Proceeds: about $1,399 and $1,841 (total ≈ $3,240).
• Purpose: Reported as sale-to-cover to satisfy tax liability upon RSU vesting (footnote F1).
• Related RSU notes: Filing includes multiple RSU grant vesting schedules (e.g., grants that began vesting Oct 15, 2025 and Apr 1, 2026 — see footnotes F2–F10 for schedules).
• Holdings after the transactions: Not specified in the provided excerpt of the filing.
• Filing timeliness: Form 4 was filed Apr 20, 2026 for Apr 16 transactions (filed within the required two business days).

Context

• Sale-to-cover transactions are common when RSUs vest: the company or broker sells a portion of shares to cover taxes rather than representing a voluntary sell decision by the insider. Such transactions are generally considered routine and do not necessarily indicate the insider's view on the company's prospects.