Gazit Daniel 4
Research Summary
AI-generated summary
Kornit Digital (KRNT) CPO Daniel Gazit Sells 274 Shares
What Happened
- Daniel Gazit, Chief Product Officer of Kornit Digital Ltd. (KRNT), reported a sale of 274 ordinary shares on June 22, 2026. The shares were disposed at $16.70 each for total proceeds of $4,576. This filing reports a sale (transaction code S); it does not show an option exercise or a new grant as the transaction.
Key Details
- Transaction date: June 22, 2026; filing date: June 24, 2026 (filed within the typical two‑business‑day Form 4 window).
- Price and value: 274 shares at $16.70 per share; proceeds $4,576.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Relevant footnotes:
- F1–F5: Several RSU grants to Gazit (Sept 19, 2022; Mar 9, 2023; Mar 19, 2024; Mar 13, 2025) vest on four‑year schedules (25% at one year, then 6.25% quarterly) and reflect reduced amounts from prior sales.
- F2: One row was included for informational purposes only and had no transactions.
- No 10b5‑1 plan, tax‑withholding sale, or late filing flag is indicated in the provided information.
Context
- This is a routine insider sale reporting a disposition of already‑held shares. The filing indicates sale activity but does not provide a reason for the sale. The RSU footnotes show Gazit has outstanding restricted stock units subject to multi‑year vesting schedules.