George James Case 4

What Happened

• George James Case, Chief Revenue Officer of monday.com Ltd. (MNDY), had 1,858 restricted stock units (RSUs) convert into ordinary shares on 2026-06-12 and a portion of those shares were sold to cover taxes. On 2026-06-15 he sold 838 shares in an open-market transaction at $78.77 per share for proceeds of $66,009. The RSU conversion shows an exercise/conversion with $0.00 reported as the exercise price (i.e., no cash outlay for conversion).

Key Details

• Transaction dates and prices:
  • 2026-06-12: Conversion/settlement of 1,858 RSUs into ordinary shares (reported as derivative conversion, code M; $0.00 exercise price).
  • 2026-06-15: Open-market sale of 838 shares at $78.77 each for $66,009 (code S).
• Shares retained from this vesting: 1,020 shares remained from this conversion after the 838-share sale (1,858 vested − 838 sold). This refers only to shares from this specific RSU vesting, not total holdings reported.
• Footnotes from the filing:
  • F1: Sale was a mandatory tax-withholding to cover taxes on the vesting.
  • F2: Each RSU equals a contingent right to one ordinary share.
  • F3: RSUs vest quarterly through 03/12/2030 and have no expiration.
• Filing timing: Form 4 was filed on 2026-06-16 for transactions beginning 2026-06-12; this appears timely (Form 4 is generally due within two business days).

Context

• These were not open-market purchases but a routine tax-withholding sale tied to RSU vesting (common practice when equity vests). The conversion of RSUs into shares (no cash exercise) followed by a partial sale to satisfy tax obligations is generally considered administrative rather than a directional bet on the stock.