POLITI SANTO 4

4 · eToro Group Ltd. · Filed May 18, 2026

AI-generated summary of this filing

Updated May 18, 2026

eToro (ETOR) Director Santo Politi Sells 2,892 Shares

What Happened

Santo Politi, a director of eToro Group Ltd. (ETOR), reported several transactions dated 2026-05-14 and filed on 2026-05-18. The only open-market sale was 2,892 shares sold at a weighted average price of $41.04 for proceeds of approximately $118,676.
The filing also shows large disposals to the issuer of 1,779,504 shares and 11,640 shares reported at $0.00, and an acquisition (code J) of 2,892 shares at $0.00 on the same date. Footnotes indicate these $0.00 entries reflect distributions in kind by Spark Capital funds and related transfers, not typical cash sales by the reporting person.

Key Details

Transaction date(s): 2026-05-14; Form 4 filed: 2026-05-18 (timely within the SEC’s 2-business-day window).
Open-market sale: 2,892 shares @ $41.04 (weighted avg) — proceeds ≈ $118,676. (Footnote F4: price is a weighted average.)
Distributions/transfers: 1,779,504 shares and 11,640 shares reported as dispositions to issuer @ $0.00 (Footnote F1: distribution in kind by Spark Capital funds; reporting person no longer has pecuniary or voting/dispositive power over those securities).
Acquisition (code J): 2,892 shares @ $0.00 (likely a distribution in kind) followed by immediate sale of 2,892 shares in the open market the same day.
Shares owned after transaction: not specified in the filing.
Relevant footnotes:
- F1/F2: Distributions in kind by Spark Capital II, L.P. and Spark Capital Founders' Fund II; Politi disclaims beneficial ownership except to extent of pecuniary interest.
- F3: Shares received by Spark Capital Partners, LLC in distribution; possible shared power via GP relationship.
- F4: Weighted average price; full price/quantity breakdown available on request.

Context

The open-market sale of 2,892 shares for ~$118.7K is a straightforward insider sale. By contrast, the large $0.00 disposals are fund-related distributions/transfers and appear to reflect changes in holdings at Spark Capital entities rather than a personal cash sale by the director.
Distributions in kind and institutional transfers do not necessarily indicate the director’s personal trading intent or market sentiment. The filing is timely and factual; no 10b5-1 plan or tax-withholding note was disclosed.

Form 4

Period: 2026-05-14

Director

Transactions

Disposition to Issuer
Class A common shares
[F1][F2]
2026-05-14−1,779,504→ 3,559,007 total(indirect: By Spark Capital II, L.P.)
Disposition to Issuer
Class A common shares
[F1][F2]
2026-05-14−11,640→ 23,280 total(indirect: By Spark Capital Founders' Fund II)
Other
Class A common shares
[F3]
2026-05-14+2,892→ 2,892 total(indirect: By LLC)
Sale
Class A common shares
[F4]
2026-05-14$41.04/sh−2,892$118,676→ 0 total(indirect: By LLC)

Footnotes (4)

[F1]Represents a distribution in kind by Spark Capital II, L.P. and By Spark Capital Founders' Fund II to its limited partners. The reporting person no longer has any pecuniary interest in, or voting or dispositive power over, the securities reported herein.
[F2]The Reporting Person disclaims beneficial ownership of the securities reported herein as indirectly held by Spark Capital II, L.P. and Spark Capital Founders' Fund II, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose
[F3]Represents shares received by Spark Capital Partners, LLC in a distribution in kind from Spark Capital II, L.P to its partners. The reporting person may be deemed to share voting, investment and dispositive power with respect to these securities by virtue of his relationship with the GP. The reporting person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
[F4]The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request.

Signature

Santo Politi by: Oppenheimer Israel, as Attorney-in-fact|2026-05-18

1 file