UNGERMAN JERRY T 4

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.