REICH JONATHAN 4

What Happened Jonathan Reich, CEO and President of Zedge (ZDGE), exercised options covering 181,616 shares on May 29, 2026. The exercise had an effective cost of $1.73 per share (total $314,196). Under a cashless exercise, 132,226 shares were disposed/withheld (at $3.01 per share, reported value $398,000) to pay the exercise price and tax withholding, and 49,390 shares were issued to Reich net of those withholdings.

Key Details

• Transaction date: May 29, 2026. Form filed June 2, 2026 (filed within the required two business days).
• Option exercise: 181,616 shares exercised at $1.73 each (total $314,196) — transaction code M.
• Withholding/payment: 132,226 shares used/withheld at $3.01 each (reported $398,000) to satisfy exercise price and taxes — transaction code F.
• Net issued to insider: 49,390 shares were issued to Jonathan Reich after the cashless exercise/withholding.
• Footnotes: F1 notes the use of a cashless exercise; F3 details the split (104,384 shares used to pay exercise price, 27,842 withheld for taxes, 49,390 issued); F2 references other components of beneficial ownership (2,176 spin-off shares and 18,900 DSUs); F4 date is as of June 2, 2026.
• Filing timeliness: Filing appears timely (transaction on 5/29, filed 6/2).

Context This was an option exercise using a cashless mechanism — a common way for insiders to convert option rights into shares without an out-of-pocket cash payment by surrendering part of the exercised shares to cover costs and taxes. The filing reflects a net increase of 49,390 shares to Reich’s holdings (after withholding), but part of the exercised position was surrendered to cover the exercise/tax obligations. This type of transaction is often routine and does not by itself indicate the insider’s view of the company’s future performance.