Chelouche Yoav 4

What Happened

• Yoav Chelouche, a director of Check Point Software Technologies Ltd. (CHKP), exercised 25,000 options on June 2, 2026 at an exercise price of $114.23 (cost $2,855,750) and disposed of 25,000 shares the same day in open-market sales at a weighted average price of $140.28 for total proceeds of $3,506,940. The sale prices ranged from $140.00 to $141.31 across multiple transactions (per footnote).

Key Details

• Transaction dates: June 2, 2026 (exercise and sale). Form 4 filed June 4, 2026 (timely filing).
• Exercise (derivative) details: 25,000 shares exercised (transaction code M); exercise cost reported $2,855,750.
• Sale details: 25,000 shares sold (transaction code S) at weighted avg $140.28, proceeds $3,506,940; per-footnote sale prices ranged $140.00–$141.31 and the filer can provide a per-price breakdown on request.
• Shares/awards remaining: filing notes 196 RSUs that vest Sept 3, 2026, and options covering 60,000 shares (58,750 vested as of June 4, 2026; 1,250 vest Sept 3, 2026). The filing does not state total common shares owned outright after these transactions.
• Footnotes: F1 confirms option exercise; F2 explains weighted-average sale price and multi-trade execution; F3/F4 detail remaining RSUs and option holdings.

Context

• This was an option exercise followed by a same-day sale of the resulting shares (a sell-to-cover or cashless pattern), which is a common way for insiders to cover exercise costs and related taxes. The filing is factual and timely; it does not by itself indicate the insider’s view on company prospects.