Global‑E (GLBE) CFO Koren Ofer Exercises Options, Sells Shares

What Happened
Koren Ofer, Chief Financial Officer of Global‑E Online Ltd. (GLBE), exercised 12,200 stock options at $3.44 per share (cost $41,968) on 2026-09-17 and sold the 12,200 shares in an open‑market transaction at $38.07 per share for total gross proceeds of $464,442. The exercise and sale occurred the same day; net proceeds before taxes and fees were roughly $422,474.

Key Details

• Transaction date: 2026-09-17. Exercise price: $3.44; sale price: $38.07.
• Shares acquired on exercise: 12,200 (cost $41,968). Shares sold: 12,200 (gross proceeds $464,442).
• Shares owned/controlled after the transaction: 165,389 total share interests, consisting of 153,189 RSUs (rights to receive shares upon vesting) and 12,200 ordinary shares acquired on exercise. (See footnote in filing.)
• Footnote: The option exercise and related sale were effected pursuant to a Rule 10b5‑1 trading plan adopted by Mr. Ofer on June 9, 2026.
• Filing timing: Report filed 2026-09-22 for the 2026-09-17 transaction (filed several days after the trade); this appears to be late relative to the usual 2-business‑day Form 4 deadline.

Context
Because the shares were exercised and sold the same day, this was effectively a cashless exercise (the sale covered the acquired shares). The trade was executed under a pre-established 10b5‑1 plan, which is commonly used to schedule insider sales in advance and helps avoid questions about trading on nonpublic information. This filing reports an insider sale (routine liquidity) rather than a purchase, and the RSUs noted are unvested awards that represent future share delivery upon vesting.