Shavit Shenhav Tal 4

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.