UNGERMAN JERRY T 4

4 · CHECK POINT SOFTWARE TECHNOLOGIES LTD · Filed Jun 15, 2026

AI-generated summary of this filing

Updated Jun 15, 2026

Check Point (CHKP) Director Jerry Ungerman Exercises Options and Sells Shares

What Happened

Jerry T. Ungerman, a director of Check Point Software Technologies Ltd. (CHKP), exercised 25,000 stock options on June 11, 2026 and immediately sold 25,000 resulting shares.
Exercise: 25,000 shares at $114.23 per share (exercise value reported $2,855,750).
Sale: 25,000 shares sold in open-market transactions at a weighted average price of $122.55, totaling $3,063,633. The sale prices ranged from $120.93 to $123.74 (per footnote).

Key Details

Transaction dates: June 11, 2026 (exercise and sale). Filing date: June 15, 2026 (no late‑filing flag indicated in the provided data).
Codes: M = option exercise (then disposed), S = open-market sale.
Sale details: weighted-average sale price $122.55; reported range $120.93–$123.74; reporter can provide per-trade breakdown on request (footnote F2).
Holdings after transaction (as reported in footnotes):
- 196 Restricted Share Units (RSUs) that will vest on Sept 3, 2026 (each converts to one share) (F3).
- Options covering 60,000 ordinary shares remain outstanding; 58,750 of those were vested as of June 15, 2026; 1,250 additional option shares vest on Sept 3, 2026 (F4).
No net increase in long-term share ownership—the exercised shares were sold (cashless disposition).

Context

This was an exercise of vested options followed by immediate sale of the shares (a common way for insiders to realize option value). The filing shows disposition of both the derivative (exercise) and the resulting shares.
Sales are often routine monetizations of option gains; they are informative about realized proceeds but do not by themselves indicate the insider’s long-term view.
For more granular pricing of each sale trade, the filing notes the reporter will provide breakdowns on request to the SEC, the issuer, or security holders.

Form 4

Period: 2026-06-11

Director

Transactions

Sale
Ordinary Shares, NIS 0.01 Per Share
[F1][F2][F3]
2026-06-11$122.55/sh−25,000$3,063,633→ 16,167 total
Exercise/Conversion
Stock Options
[F4]
2026-06-11$114.23/sh−25,000$2,855,750→ 0 total
Exercise: $114.23From: 2020-06-19Exp: 2026-06-18→ Ordinary Shares (25,000 underlying)

Footnotes (4)

[F1]The Reporting Person exercised options to purchase 25,000 Ordinary Shares of the Issuer.
[F2]The price reported in Column 4 is a weighted average price. These Ordinary Shares were sold in multiple transactions at prices ranging from $120.93 to $123.74. The reporting person undertakes to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of Ordinary Shares sold at each separate price.
[F3]Includes 196 Restricted Share Units (RSUs) that are that are held by the Reporting Person and will vest on September 3, 2026, subject to the Reporting Person's continued service as a Service Provider of the Issuer on each vesting date. Each RSU represents the right to receive one Ordinary Share of the Issuer upon vesting and settlement.
[F4]In addition, there are 60,000 Ordinary Shares underlying options held by the Reporting Person with different exercise prices, of which 58,750 are vested as of June 15, 2026, and the remaining 1,250 Ordinary Shares underlying the option will vest on September 3, 2026, subject to the Reporting Person's continued service a Service Provider of the Issuer on the vesting date.

Signature

/S/ Shira Yashar - Attorney-in-Fact|2026-06-15

1 file