Indave Sesma Andrea 4
Research Summary
AI-generated summary
Freightos (CRGO) VP Andrea Indave Sesma Sells Shares
What Happened
- Andrea Indave Sesma, Vice President, Human Resources at Freightos Ltd (CRGO), executed two open-market sales on April 16, 2026 to cover tax withholding related to vested restricted share units (RSUs).
- She sold 193 shares at $1.85 each for $357 and 653 shares at $1.85 each for $1,208, totaling 846 shares and approximately $1,565 in proceeds. These are reported as sales (S) and are described as sale-to-cover transactions.
Key Details
- Transaction dates and prices: Apr 16, 2026 — 193 shares @ $1.85 ($357) and 653 shares @ $1.85 ($1,208).
- Total shares sold: 846; total proceeds: ~$1,565.
- Purpose: Sale-to-cover to satisfy tax withholding on vested RSUs (footnote F1).
- Related vesting info: Filing notes RSU grants that began vesting on July 15, 2023 (5,850 RSUs), July 15, 2024 (19,830 RSUs), and July 15, 2025, with typical 1-year cliff (33.33%) then quarterly vesting over two more years (per footnotes F2–F5).
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: Report period Apr 16, 2026; Form 4 filed Apr 20, 2026 — filed within the standard two business-day window.
- Other: Exhibit 24.1 (Power of Attorney) is included.
Context
- These were routine tax-withholding (sale-to-cover) transactions tied to RSU vesting, which are common and do not necessarily signal an insider view on the company’s prospects. No option exercise or open-market purchase was reported.