Kornit Digital Ltd.·4

Jun 11, 4:05 PM ET

Gazit Daniel 4

Research Summary

AI-generated summary

Updated

Kornit Digital (KRNT) CPO Daniel Gazit Sells 636 Shares

What Happened

  • Daniel Gazit, Chief Product Officer of Kornit Digital (KRNT), reported a sale of 636 ordinary shares on 2026-06-09. The shares were reported at an average price of $15.72 each, for a total value of approximately $9,998. The filing lists the transaction as a sale (S), described as "open market or private sale."

Key Details

  • Transaction date and price: 2026-06-09, 636 shares at $15.72 per share (total ≈ $9,998).
  • Filing date/timeliness: Form 4 filed 2026-06-11 (two days after the trade), which is within the typical two-business-day reporting window.
  • Shares owned after transaction: Not specified in the provided summary of the filing.
  • Notable footnotes: The filing discloses multiple RSU grants for Gazit with scheduled vesting (grants dated 9/19/2022; 3/9/2023; 3/19/2024; 3/13/2025) and one row included for informational purposes only. These footnotes describe standard multi-year vesting schedules (25% after one year, then quarterly 6.25% tranches over the next three years).
  • No indication in the filing of a 10b5-1 plan, tax-withholding sale code, or other special transaction code.

Context

  • This is a small-dollar sale (≈$10k) and, by itself, does not necessarily indicate a change in insider sentiment. The presence of multiple RSU grants with ongoing vesting schedules suggests some sales by insiders may be routine (e.g., to diversify or cover taxes), but the filing does not state a reason.