Tehila Yafit 4

What Happened

• Tehila Yafit, Chief Financial Officer of QTREX Quantum Ltd. (QTEX), exercised 13,605 options on May 27, 2026 (exercise price $0.12) for a cash cost of ~$1,633 and then conducted open-market sales totaling 60,000 shares across May 27–28, 2026, generating about $143,961 in proceeds. The reported sales were:
  • 13,605 shares @ $2.03 = $27,551 (5/27)
  • 16,395 shares @ $2.01 = $33,010 (5/27)
  • 15,000 shares @ $2.56 = $38,400 (5/28)
  • 15,000 shares @ $3.00 = $45,000 (5/28)
• The filing also shows a 13,605-share derivative disposition at $0.00 on 5/28 (reported as part of the option/derivative activity).

Key Details

• Transaction dates and prices: see list above (May 27–28, 2026).
• Total proceeds from open-market sales: ~$143,961; exercise cost paid: ~$1,633.
• Shares acquired by exercise: 13,605 shares (exercise code M). Total shares sold: 60,000 (sale code S).
• Shares owned after the transactions: not specified in the data provided here—see the Form 4 for the "shares beneficially owned after transaction" line.
• Footnotes: F1 — options were granted 2/21/2021 and fully vested as of 2/23/2024; F2 — the sales were made pursuant to an existing 10b5-1 plan.
• Filing timeliness: Report filed 5/29/2026 for transactions on 5/27–5/28; filing appears timely.

Context

• This was an option exercise followed by immediate sales (common “exercise and sell” / cashless pattern). The presence of a 10b5-1 plan indicates the sales were pre-arranged and routine rather than ad-hoc trades.
• The 13,605-share disposition at $0 in the filing often reflects net share settlement or withholding tied to the exercise; see the Form 4 footnotes or contact company filings for exact mechanics.
• These are insider sales (not a purchase); sales under 10b5-1 plans are generally considered routine liquidity events rather than clear signals of company outlook.