Ben-Avi David 4/A
Research Summary
AI-generated summary
Nayax (NYAX) CTO Ben‑Avi David Sells Shares
What Happened
- Ben‑Avi David, CTO, co‑founder and director of Nayax Ltd., sold a total of 28,770 ordinary shares in two open‑market transactions on the Tel Aviv Stock Exchange in late May 2026. He sold 12,180 shares on May 28 at a weighted average price of $74.94 for proceeds of $912,769, and 16,590 shares on May 29 at a weighted average price of $76.48 for proceeds of $1,268,803 — about $2.18 million total. These were sales (not purchases or option exercises).
Key Details
- Transaction dates and prices:
- 2026‑05‑28: 12,180 shares sold @ $74.94 (weighted average) — $912,769
- 2026‑05‑29: 16,590 shares sold @ $76.48 (weighted average) — $1,268,803
- Total shares sold: 28,770; total proceeds ≈ $2,181,572.
- Footnote: Reported prices are weighted averages in ILS converted to USD; the filer can provide per‑trade price details on request.
- Filing timeline: Original Form 4 was filed June 1, 2026; this Form 4/A (amendment) was filed June 4, 2026 to correct the May 28 sale details and update post‑transaction beneficial ownership. The May 29 transaction was unchanged.
- Shares owned after transaction: The amendment updates beneficial ownership; the specific post‑transaction total should be checked in the amended Form 4/A.
Context
- These were open‑market sales (code S), which are commonly routine (e.g., diversification or liquidity) and do not by themselves indicate management’s view of company fundamentals. The filing corrects earlier reporting for the May 28 sale; no other derivative or gift transactions were reported.