QTREX (QTEX) CEO Ben-Noon Dagi Shahar Receives RSU Award

What Happened

Ben-Noon Dagi Shahar, CEO of Qtrex Quantum Ltd. (QTEX), was granted 550,000 Restricted Share Units (RSUs) on August 28, 2026. The RSUs were recorded at $0.00 per share (total recorded value $0) as a compensation award under the company's 2019 equity plan and approved by shareholders at an Extraordinary General Meeting on August 28, 2026. This is a grant (award), not a cash purchase or market sale.

Key Details

• Transaction date: 2026-08-28. Form 4 Amendment filed: 2026-09-29 (accession 0001185185-26-004396).
• Transaction type/code: A (Award/Grant). Price per share reported: $0.00. Shares granted: 550,000 RSUs.
• Shares beneficially owned after transaction: corrected to 3,477,239 (Amendment corrected prior reported total from 2,477,239).
• Vesting (Footnote F1): 33.34% vests on the first anniversary after July 1, 2026; the remaining vests 8.33% quarterly over eight quarters (~2 years) thereafter.
• Filing note (Footnote F2): This Form 4 Amendment solely corrects the beneficial ownership amount; the amendment does not itself explain the timeliness of the original filing.

Context

RSU grants are a common form of compensation and do not represent an open-market purchase or sale. They vest over time and typically indicate long-term incentive alignment rather than an immediate market signal. The amendment increased reported beneficial ownership by 1,000,000 shares, which is important for tracking insider stake but does not, by itself, indicate trading intent.