Arroyo Ian 4
4 · Freightos Ltd · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Freightos (CRGO) CSO Ian Arroyo Sells 1,217 Shares
What Happened
Ian Arroyo, Chief Strategy Officer of Freightos Ltd (CRGO), reported the sale of 1,217 ordinary shares on 2026-06-15 at $1.59 per share, generating $1,935. The Form 4 indicates this sale (transaction code S) was made to satisfy applicable tax withholding obligations tied to equity awards (see footnote F1). This is a sale and is commonly a routine tax-withholding transaction rather than a market-timing purchase.
Key Details
- Transaction date and price: 2026-06-15 — 1,217 shares @ $1.59 each; total proceeds $1,935.
- Reason for sale: Footnote F1 — shares sold to satisfy withholding taxes from PSUs that vested.
- Shares owned after transaction: Not specified in the provided excerpt of the filing. Refer to the full Form 4 for post-transaction holdings.
- Other notable footnotes: multiple RSU/PSU grant schedules are disclosed (e.g., F3: 7,000 RSUs vesting by July 15, 2026; F4: 21,500 RSUs vesting by July 15, 2027; F10: a separate RSU grant vesting April 1, 2027–April 1, 2029).
- Filing timeliness: Report filed 2026-06-16 for a 2026-06-15 transaction — within the typical Form 4 reporting window (timely).
- Exhibit: Power of Attorney filed as Exhibit 24.1.
Context
Sales to cover tax withholding on vested restricted stock or performance shares are routine and do not necessarily signal the insider’s view on the company’s prospects. The reported amount here is small ($1,935) relative to typical executive trades. The filing also discloses several outstanding RSU/PSU grants with staggered vesting schedules; consult the full Form 4 for complete ownership and vesting details.
Insider Transaction Report
Form 4
Freightos LtdCRGO
Arroyo Ian
Chief Strategy Officer
Transactions
- Sale
Ordinary Shares
[F1]2026-06-15$1.59/sh−1,217$1,935→ 23,924 total
Holdings
- 6,244
Ordinary Shares
[F2][F3] - 20,505
Ordinary Shares
[F2][F4] - 37,500
Ordinary Shares
[F2][F5] - 37,500
Ordinary Shares
[F2][F6] - 36,000
Ordinary Shares
[F2][F7] - 38,000
Ordinary Shares
[F2][F8] - 38,000
Ordinary Shares
[F2][F9] - 54,600
Ordinary Shares
[F2][F10] - 49,473
Stock Option (right to buy)
[F2]Exercise: $1.07From: 2024-12-01Exp: 2030-12-16→ Ordinary Shares (49,473 underlying) - 12,314
Stock Option (right to buy)
[F2]Exercise: $4.17From: 2025-07-01Exp: 2031-07-19→ Ordinary Shares (12,314 underlying) - 228,674
Stock Option (right to buy)
[F2]Exercise: $4.17From: 2026-01-01Exp: 2032-02-17→ Ordinary Shares (228,674 underlying)
Footnotes (10)
- [F1]The transaction reported in this row consists of the sale of ordinary shares on behalf of the Reporting Person to satisfy applicable withholding tax obligations arising from the grant of ordinary shares to the Reporting Person upon his achievement of performance criteria under performance share units ("PSUs") previously granted by the Issuer to the Reporting Person.
- [F10]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that were granted to, and began vesting for, the Reporting Person on April 1, 2026 and that vest and settle for underlying ordinary shares based on the following schedule: 33% of the subject RSUs will vest upon the one-year anniversary of the grant date (April 1, 2027), and the remainder of the RSUs will vest in eight equal installments at the conclusion of each of the following eight quarters (8.25% per quarter), such that the RSUs will be fully vested by the three-year anniversary of the vesting commencement date (April 1, 2029).
- [F2]There were no transactions effected in respect of the securities reported in this row, and the holdings in this row are being included for informational purposes only.
- [F3]The ordinary shares reported in this row consist of shares underlying restricted share units ("RSUs") that were granted to the Reporting Person by the Issuer that began vesting on October 15, 2025. The 7,000 RSUs originally granted vest (and settle for underlying ordinary shares) on an equal, quarterly basis over three calendar quarters (33.33% per quarter) such that all such 7,000 RSUs (reduced by any RSUs for which underlying shares are sold to cover tax liability) will be vested by July 15, 2026.
- [F4]The ordinary shares reported in this row consist of shares underlying RSUs that were granted to the Reporting Person by the Issuer that began vesting on October 15, 2025. The 21,500 RSUs originally granted vest (and settle for underlying ordinary shares) on an equal, quarterly basis over seven calendar quarters (approximately 14.286% per quarter) such that all such 21,500 RSUs (reduced by any RSUs for which underlying shares are sold to cover tax liability) will be vested by July 15, 2027.
- [F5]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person by the Issuer that began vesting on March 13, 2025 and that vest (and settle for underlying ordinary shares) in their entirety on December 31, 2027.
- [F6]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person by the Issuer that began vesting on March 13, 2025 and that vest (and settle for underlying ordinary shares) in their entirety on July 15, 2026.
- [F7]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person by the Issuer that began vesting on July 1, 2025 and that vest (and settle for underlying ordinary shares) in accordance with the following schedule: 33.33% of the RSUs vest upon the one-year anniversary of the vesting commencement date, and the remaining RSUs vest equally on a quarterly basis over the following eight quarters (8.3325% per quarter) such that all such RSUs will be vested by the three-year anniversary of the vesting commencement date.
- [F8]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person by the Issuer that began vesting on October 15, 2025 and that vest (and settle for underlying ordinary shares) in their entirety on December 30, 2026.
- [F9]The ordinary shares reported in this row consist of shares underlying RSUs that were granted to the Reporting Person by the Issuer that began vesting on October 15, 2025 and that vest (and settle for underlying ordinary shares) in their entirety on December 30, 2027.
Signature
/s/ Max Sitnick, Attorney-in-fact|2026-06-16