Similarweb (SMWB) CEO Offer Or Sells 69,700 Shares

What Happened

• Offer Or, CEO of Similarweb Ltd. (SMWB), sold a total of 69,700 shares in two transactions, generating about $579,894 in gross proceeds. On 2026-09-18 he sold 37,500 shares at a weighted average price of $8.25 (proceeds $309,285). On 2026-09-21 he sold 32,200 shares at a weighted average price of $8.40 (proceeds $270,609). Both sales are reported as open market or private sales (Code S).

Key Details

• Transaction dates and prices:
  • 2026-09-18: 37,500 shares, weighted avg $8.25 (individual trades ranged $8.10–$8.345).
  • 2026-09-21: 32,200 shares, weighted avg $8.40 (individual trades ranged $8.29–$8.48).
• Total shares sold: 69,700; total proceeds: ~$579,894.
• Footnotes: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted June 1, 2026. The filing notes weighted‑average prices and offers to provide per‑trade details on request.
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Filing: Form 4 was filed on 2026-09-22 (reports both transactions); no late filing is indicated in this filing.

Context

• These sales were executed under a prearranged 10b5‑1 plan, which typically schedules trades in advance and is often used to avoid trading based on material nonpublic information. Such planned sales are generally considered routine and do not by themselves indicate the insider’s current view on the company’s prospects. Purchases (not sales) tend to be a clearer bullish signal for retail investors.