Nayax (NYAX) CLO Omer Gal Exercises Options, Sells 1,500 Shares

What Happened

• Omer Gal, Chief Legal Officer (CLO) of Nayax Ltd. (NYAX), exercised stock options and sold the resulting shares on 2026-09-16. He exercised 1,500 options at an effective exercise price of $21.35 per share (total cost reported $32,028) and immediately sold 1,500 shares in the open market at $45.17 per share for proceeds of $67,755. The filing also records the associated derivative disposition (the option itself) upon exercise.

Key Details

• Transaction date: 2026-09-16; Form 4 filed 2026-09-17 (filed next day).
• Exercise: 1,500 options exercised at $21.35 per share (reported $32,028).
• Sale: 1,500 shares sold at $45.17 per share for $67,755 (trade occurred on the Tel Aviv Stock Exchange; proceeds converted from ILS at 3.033 ILS = $1.00).
• Derivative entry: the option instrument was reported as disposed upon exercise (no cash proceeds for the derivative itself).
• Shares owned after transaction: not specified in the provided excerpt; see the full Form 4 for post-transaction holdings.
• Notable footnotes: exercises and sales occurred the same day; exercise prices and sale proceeds were denominated/reported with Israeli shekel conversions.

Context

• This is a common cashless exercise pattern: options were exercised and the newly acquired shares were sold the same day to realize proceeds (often to cover exercise cost/taxes). Such routine option-exercise sales are informational but are not necessarily a signal about the insider’s long-term view. Purchases generally carry more signal value than routine option exercises followed by immediate sales.