4Filed Sep 8, 8:00 PM ET

ZIM EVP Tiran Assaf Exercises Options, Sells 2,312 Shares

$ZIM · ZIM Integrated Shipping Services Ltd.

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ZIM EVP Tiran Assaf Exercises Options, Sells 2,312 Shares

What Happened
Tiran Assaf, EVP Cross Suez & Atlantic BU at ZIM Integrated Shipping Services (ZIM), exercised 16,000 stock options on 2026-09-08 on a net basis and sold the 2,312 shares issued upon exercise the same day. The sale netted approximately $69,837 at a weighted average price of $30.21 per share (individual trades ranged $30.10–$30.30).

Key Details

  • Transaction dates: 2026-09-08; Form filed 2026-09-09 (timely).
  • Sale: 2,312 shares disposed in open market/private sale at a weighted average price of $30.21; total proceeds ≈ $69,837.
  • Derivative/Exercise: 16,000 options exercised (reported as derivative transaction). Shares were issued on a net (cashless) basis; shares were withheld to cover the exercise price, resulting in 2,312 shares issued and sold the same day.
  • Exercise price on the form shows $0.00 due to net exercise mechanics; footnote states the exercise price was adjusted for a cash dividend under anti-dilution provisions.
  • Price range: sales executed across multiple trades from $30.10 to $30.30 (weighted avg reported). Reporting person offers to provide per-trade details on request.
  • Shares owned after transaction: Not specified in the provided filing.
  • No indication this filing was late.

Context
This was a cashless (net) exercise of options where withheld shares covered the exercise cost; the shares received were immediately sold the same day. Such transactions are common for option exercises and do not by themselves indicate a change in the insider’s long-term view of the company.