ZIM (ZIM) EVP Tiran Assaf Exercises Options, Sells 4,727 Shares

What Happened

• Tiran Assaf, EVP Cross Suez & Atlantic BU at ZIM Integrated Shipping Services (ZIM), exercised stock options and immediately sold the shares on 2026-09-15. He exercised 17,816 options (net issuance 3,156 shares) and 7,778 options (net issuance 1,571 shares), then sold the 3,156 and 1,571 shares the same day.
• The sales totaled 4,727 shares at a reported weighted-average price of $29.51, generating aggregate proceeds of about $139,499. The exercises are reported with an exercise price of $0.00 on the filing because they were net (cashless) exercises with shares withheld to cover the exercise price.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-16 (timely).
• Reported transactions:
  • Sale (S): 3,156 shares @ weighted avg $29.51 = $93,142 (sales executed across prices $29.50–$29.5271).
  • Sale (S): 1,571 shares @ weighted avg $29.51 = $46,357 (sales executed across prices $29.4803–$29.55).
  • Exercise (M): 17,816 options exercised (net issuance 3,156 shares; shares withheld to cover exercise price).
  • Exercise (M): 7,778 options exercised (net issuance 1,571 shares; shares withheld to cover exercise price).
• Footnotes: exercise price adjusted for a cash dividend per anti-dilution provisions; exercise was net/cashless with shares withheld; sale prices reported as weighted averages with ranges provided (reporter will provide per‑price breakdown on request).
• Shares owned after the transactions: Not specified in the provided filing details.
• Transaction codes: M = option exercise, S = sale, F = withholding/tax (shares were withheld to cover exercise price).

Context

• This was a cashless (net) exercise: options were exercised, shares were withheld to pay the exercise cost/taxes, and the remaining issued shares were sold the same day. Same‑day sales following option exercises are common and often reflect employees monetizing option proceeds rather than a directional view on the stock.
• No indication in the filing of a 10b5-1 plan or charitable gift; no late filing flag was noted (filed the next day).