Drucker Mann Lindsay 4

What Happened

• Lindsay Drucker, Chief Financial Officer of Oddity Tech Ltd. (ODD), exercised stock-related awards and sold shares on June 30, 2026. The filing shows a cashless exercise of 100,000 options (acquired at $9.39/share for $939,000) followed by a sale of those 100,000 shares at a weighted average price of $15.09 ($1,509,000). In addition, 9,602 shares (from vested awards used to satisfy tax withholding) were sold at a weighted average price of $15.10 for $144,990. Total reported proceeds from the sales were about $1,653,990.
• The filing also shows conversions/exercises of 23,929 shares at $0 (likely RSU conversions) with corresponding dispositions recorded for tax/settlement purposes. Some entries are recorded as derivative exercises/conversions (Form 4 code M).

Key Details

• Transaction date: June 30, 2026; Form 4 filed July 1, 2026 (timely).
• Major line items:
  • Exercised 100,000 options at $9.39 → cost $939,000 (code M).
  • Sold 100,000 shares at weighted avg $15.09 → proceeds $1,509,000 (code S). Reported sale prices ranged $15.00–$15.28 (footnote).
  • Exercised/converted 23,929 shares at $0 (code M) and corresponding dispositions at $0 recorded (likely RSU conversion/tax mechanics).
  • Sold 9,602 shares at weighted avg $15.10 → proceeds $144,990 (code S). Reported sale prices ranged $14.89–$15.26 (footnote).
• Total reported cash proceeds from sales: ≈ $1,653,990.
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
• Notable footnotes: transactions were effected under a Rule 10b5-1 trading plan adopted March 13, 2026 (footnote F1); sales associated with broker-assisted cashless exercise (F2); some sales were to satisfy statutory tax withholding for vested RSUs (F4). Certain awards were fully vested (F6) and RSUs convert one-for-one with a multi-year vesting schedule (F7).
• Filing timeliness: filed the next day (no late filing flag provided).

Context

• This was primarily an option exercise combined with immediate/near-immediate sales (a broker-assisted cashless exercise), a routine liquidity event for insiders to cover option exercise costs and tax withholding. Derivative entries (code M) indicate exercises/conversions; sale entries (code S) show the resulting open-market disposals. These kinds of transactions are administrative and do not, by themselves, prove a change in the insider’s long-term view of the company.