ZIM EVP Yochai Nissim Exercises Options, Sells 7,535 Shares

What Happened

• Yochai Nissim, EVP and President of ZIM USA, exercised 56,023 stock options on Aug 24, 2026 and, after netting shares to cover the exercise cost, 7,535 shares were issued and sold the same day in open-market transactions for aggregate proceeds of approximately $217,238. The reported weighted-average sale price was $28.83 (sales ranged $28.83–$28.84).

Key Details

• Transaction date: 2026-08-24; Form filed: 2026-08-26 (filed within the typical 2-business-day window).
• Exercise (derivative) reported as Code M: 56,023 options exercised; reported exercise proceeds $0 on Form 4 because shares were net-settled.
• Sale reported as Code S: 7,535 shares sold at a weighted-average price of $28.83; total proceeds ≈ $217,238.
• Shares issued after net exercise: 7,535 (all sold same day). Total shares owned after the transaction are not disclosed in the provided excerpt.
• Footnotes: shares were withheld to cover the exercise price (net/cashless exercise); the exercise price was adjusted for a cash dividend per anti-dilution provisions; sale price is a weighted average across multiple trades ($28.83–$28.84).

Context

• This was a net (cashless) option exercise: options were converted into shares, enough shares were withheld to cover the exercise cost, and the remaining issued shares were immediately sold the same day—so the insider did not add to long-term share ownership. Sales following option exercises are common and often reflect routine tax-withholding or cashless-exercise settlements rather than an independent market-timing decision.