Shavit Shenhav Tal 4
4 · CHECK POINT SOFTWARE TECHNOLOGIES LTD · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Check Point (CHKP) Director Shavit Shenhav Tal Sells & Exercises Options
What Happened
Shavit Shenhav Tal, a director of Check Point Software Technologies (CHKP), exercised 25,000 stock options at $114.23 per share and sold 25,000 shares in the open market on June 11, 2026. The exercise amount (cost) was $2,855,750; the shares were sold at a weighted-average price of $123.07 for total sale proceeds of $3,076,748 (individual sale prices ranged $121.675–$124.08). The sequence (exercise followed by sale the same day) effectively results in a cashless exercise and sale.
Key Details
- Transaction date: 2026-06-11; Form 4 filed 2026-06-15 (filed within required period).
- Exercise: 25,000 options at $114.23 — cost reported $2,855,750 (derivative exercise).
- Sale: 25,000 ordinary shares sold in multiple open-market trades; weighted-average sale price $123.07; total proceeds $3,076,748 (individual trades ranged $121.675–$124.08). Reporting person can provide exact breakdown on request (per footnote).
- Holdings noted in filing after the transaction: 196 RSUs that will vest Sept 3, 2026; 60,000 shares underlying options in total (58,750 vested as of June 15, 2026; 1,250 to vest Sept 3, 2026).
- Footnotes: F1 confirms exercise of 25,000 options; F2 explains weighted-average sale price and range; F3–F4 detail RSUs and other option holdings.
Context
This was an exercise of options immediately followed by an open-market sale (commonly called a cashless exercise). Such transactions are routine for option holders to cover exercise costs or taxes and do not, by themselves, indicate a change in the director’s long-term view of the company. The filing appears timely under Form 4 rules.
Insider Transaction Report
- Sale
Ordinary Shares, NIS 0.01 Per Share
[F1][F2][F3]2026-06-11$123.07/sh−25,000$3,076,748→ 4,008 total - Exercise/Conversion
Stock Options
[F4]2026-06-11$114.23/sh−25,000$2,855,750→ 0 totalExercise: $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 $121.675 to $124.08. 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.