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COMPUGEN LTD·4

Apr 9, 4:05 PM ET

Levine Zurit 4

Research Summary

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Updated

Compugen (CGEN) SVP Levine Zurit Exercises Options, Sells Shares

What Happened
Levine Zurit, Senior Vice President, Business Development at Compugen Ltd (CGEN), exercised a total of 7,875 option shares (2,500 on Apr 7; 4,375 and 1,000 on Apr 8) and sold the same 7,875 shares in open-market transactions. Exercise prices were $0.83 (2,500 and 4,375 shares) and $1.15 (1,000 shares); the reported proceeds from the sales were $5,750 (2,500 shares at $2.30) and $13,008 (5,375 shares at $2.42), totaling $18,758. The cash paid to exercise the options (reported amounts) was $6,851. The filing shows corresponding derivative line items at $0.00 for the option-to-share conversions.

Key Details

  • Transaction dates/prices:
    • 2026-04-07: Exercised 2,500 options @ $0.83 (acquired); sold 2,500 shares @ $2.30 (disposed).
    • 2026-04-08: Exercised 4,375 options @ $0.83 and 1,000 options @ $1.15 (acquired); sold 5,375 shares @ $2.42 (disposed).
  • Shares exercised (acquired): 7,875. Shares sold (disposed): 7,875. Sale proceeds reported: $18,758. Exercise cash reported: $6,851.
  • Shares owned after the transactions: Not specified in this Form 4 filing.
  • Footnotes:
    • F1: The sales were made pursuant to a Rule 10b5-1 trading plan adopted Dec 23, 2025 (pre-arranged plan).
    • F2/F3: The exercised options have vesting schedules (partial vesting in 2023/2024 and remaining vesting quarterly thereafter subject to continued service).
  • Filing timeliness: Form filed 2026-04-09 for transactions on Apr 7–8; filing appears timely (no late filing flag).

Context

  • This pattern—exercising vested options and immediately selling the resulting shares—is commonly a cashless exercise to cover strike price, taxes, or diversify holdings; the filing shows option-to-share conversions and same-day sales.
  • The presence of a 10b5-1 plan means the sales were prearranged and do not necessarily indicate a change in the insider’s view of the company.
  • For retail investors: purchases (insider buys) often attract more attention as potential bullish signals; this filing reflects option exercise and sale rather than a straightforward buy.