Similarweb (SMWB) CEO Offer Or Exercises Options, Sells Shares

What Happened

• Offer Or, CEO of Similarweb Ltd. (SMWB), exercised stock options and sold shares in open-market transactions on Aug 13–14, 2026. He exercised a total of 563,492 shares (exercise prices $0.40 and $3.04), paying about $987,016 to acquire them, and sold a total of 709,597 shares for aggregate proceeds of approximately $6,255,277. Several entries in the filing show the derivative legs of the option exercises (reported at $0.00) consistent with conversion of options into shares.
• These were not straight purchases of company stock (a bullish signal); the pattern is exercises followed by immediate sales (cashless or same-day sales), which is commonly done to cover exercise costs, taxes, and/or to monetize shares.

Key Details

• Transaction dates: Aug 13–14, 2026.
• Exercises (code M): 228,500 @ $3.04; 200,000 @ $0.40; 59,992 @ $3.04; 75,000 @ $0.40. Total cash paid ≈ $987,016.
• Open-market sales (code S): 228,500 @ $8.82 (WAP; range $8.66–$9.005), 200,000 @ $8.79 (WAP; $8.69–$8.88), 106,105 @ $8.75, 40,000 @ $8.90, 59,992 @ $8.90 (WAP; $8.90–$8.92), 75,000 @ $8.85 (WAP; $8.85–$8.87). Total proceeds ≈ $6,255,277.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes: weighted-average sale prices reported (see ranges per footnotes F1–F4); F5/F6 note options were exercised and the underlying shares were sold the same date.
• Filing timeliness: Form filed Aug 17, 2026; timing appears consistent with required Form 4 windows for the listed transaction dates.

Context

• This filing shows option exercises immediately followed by open-market sales (a common “exercise-and-sell” pattern). That generally reflects liquidity/tax planning rather than a direct signal about the CEO’s long-term view. Transaction codes: M = option exercise, S = sale.
• The reporting includes both the cash paid to exercise and the sale proceeds; for retail investors, purchases are typically considered more informative than routine option exercises followed by sales.