Brainsway (BWAY) director exercises 27,500 options, uses 9,520 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brainsway Ltd. director Mitrany Rayten Michal Ety exercised stock options for 27,500 Ordinary Shares and settled related taxes with shares. On May 19–20, 2026, 27,500 options with an exercise price of NIS 15.26 per share were exercised, while 9,520 Ordinary Shares were retained by the company at NIS 44.36 and NIS 43.92 per share to cover the exercise price and tax liabilities.
Following these transactions, the director holds 30,480 Ordinary Shares directly, a figure that includes unvested RSUs for 6,250 shares that vest quarterly until March 5, 2028. The Ordinary Shares may also be represented by American Depositary Shares, each currently equal to one Ordinary Share. The filing reflects routine compensation-related activity rather than open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,500 shares exercised/converted
Mixed
6 txns
Insider
Mitrany Rayten Michal Ety
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 17,500 | $0.00 | -- |
| Exercise | Ordinary Shares | 17,500 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 6,080 | $0.00 | -- |
| Exercise | Stock Options (right to buy) | 10,000 | $0.00 | -- |
| Exercise | Ordinary Shares | 10,000 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 3,440 | $0.00 | -- |
Holdings After Transaction:
Stock Options (right to buy) — 0 shares (Direct, null);
Ordinary Shares — 36,560 shares (Direct, null)
Footnotes (1)
- The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share. The exercise price is NIS 15.26 per share. This figure includes ordinary shares and unvested restricted stock units ("RSUs") to receive 6,250 ordinary shares that vest quarterly until March 5, 2028, with each RSU representing a contingent right to receive one ordinary share. These shares were retained by the Company at a price of NIS 44.36 per share in payment of the exercise price of the employee stock options exercised by the Reporting Person. These shares were retained by the Company at a price of NIS 43.92 per share in payment of the exercise price of the employee stock options exercised by the Reporting Person. Stock options were granted on January 13, 2020, and were fully vested by November 28, 2023.
Key Figures
Options exercised: 27,500 shares
Shares withheld for taxes/exercise: 9,520 shares
Option exercise price: NIS 15.26/share
+5 more
8 metrics
Options exercised
27,500 shares
Stock options for Ordinary Shares exercised on May 19–20, 2026
Shares withheld for taxes/exercise
9,520 shares
Ordinary Shares retained by company as payment of exercise price and tax liability
Option exercise price
NIS 15.26/share
Exercise price per Ordinary Share for employee stock options
Withholding price (block 1)
NIS 44.36/share
Price for 6,080 shares retained by company on May 20, 2026
Withholding price (block 2)
NIS 43.92/share
Price for 3,440 shares retained by company on May 19, 2026
Post-transaction holdings
30,480 Ordinary Shares
Direct holdings after transactions, including 6,250 unvested RSUs
Unvested RSUs
6,250 RSUs
RSUs vesting quarterly until March 5, 2028, each for one Ordinary Share
ADS ratio
1 ADS : 1 Ordinary Share
Each American Depositary Share currently represents one Ordinary Share
Key Terms
tax-withholding disposition, Stock Options (right to buy), restricted stock units ("RSUs"), American Depositary Shares, +2 more
6 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Stock Options (right to buy) financial
"Stock Options (right to buy) with underlying Ordinary Shares"
restricted stock units ("RSUs") financial
"includes ordinary shares and unvested restricted stock units ("RSUs") to receive 6,250 ordinary shares"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
exercise price financial
"The exercise price is NIS 15.26 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
fully vested financial
"Stock options were granted on January 13, 2020, and were fully vested by November 28, 2023"
FAQ
What insider transactions did Brainsway (BWAY) disclose for director Mitrany Rayten Michal Ety?
The director exercised 27,500 stock options and used shares to cover costs. On May 19–20, 2026, options for 27,500 Ordinary Shares were exercised, and 9,520 shares were withheld by the company to pay the exercise price and related tax liabilities.
What was the exercise price of the Brainsway (BWAY) stock options in this Form 4?
The stock options carried an exercise price of NIS 15.26 per share. These options were originally granted on January 13, 2020 and were fully vested by November 28, 2023 before being exercised for 27,500 Ordinary Shares in May 2026.