Freightos Ltd (CRGO) director details large indirect share and warrant stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Freightos Ltd director Carl David Vine filed a Form 3 reporting his indirect holdings in the company. The filing shows indirect ownership through M&G Investment Management Limited of 6,871,094 ordinary shares and warrants linked to 2,995,000 ordinary shares. The warrants are fully exercisable at an exercise price of $11.50 per share and expire on January 23, 2028. According to the disclosure, Vine may be deemed to share beneficial ownership through his role at M&G but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vine Carl David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants (right to buy) | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
Holdings After Transaction:
Warrants (right to buy) — 2,995,000 shares (Indirect, By: M&G Investment Management Limited);
Ordinary shares — 6,871,094 shares (Indirect, By: M&G Investment Management Limited)
Footnotes (1)
- Mr. Vine is Co-Head of the Asia Pacific Equity Team at M&G Investment Management Limited and may be deemed to share beneficial ownership of the securities reported in this row. Mr. Vine disclaims beneficial ownership of the subject securities except to the extent of his pecuniary interest therein. The warrants reported in this row are fully exercisable as of the date of this report.
Key Figures
Indirect ordinary shares: 6,871,094 shares
Underlying warrant shares: 2,995,000 shares
Warrant exercise price: $11.50 per share
+2 more
5 metrics
Indirect ordinary shares
6,871,094 shares
Indirect holdings through M&G Investment Management Limited
Underlying warrant shares
2,995,000 shares
Ordinary shares underlying warrants held indirectly
Warrant exercise price
$11.50 per share
Exercise price for warrants on Freightos ordinary shares
Warrant expiration
January 23, 2028
Expiration date of fully exercisable warrants
Form 3 holding entries
2 entries
One for warrants, one for ordinary shares, both indirect
Key Terms
Form 3, beneficial ownership, pecuniary interest, warrants (right to buy), +1 more
5 terms
Form 3 regulatory
"Carl David Vine filed a Form 3 reporting his indirect holdings"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"may be deemed to share beneficial ownership of the securities reported"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the subject securities except to the extent of his pecuniary interest"
warrants (right to buy) financial
"Warrants (right to buy) exercisable into ordinary shares"
indirect ownership financial
"indirect ownership through M&G Investment Management Limited"
FAQ
What did Carl David Vine report in his Form 3 for Freightos Ltd (CRGO)?
Carl David Vine reported his initial indirect holdings in Freightos Ltd through M&G Investment Management Limited, including ordinary shares and warrants. This Form 3 establishes his baseline ownership as a director associated with M&G’s managed positions.
What warrant position tied to Freightos Ltd (CRGO) did the Form 3 disclose?
The Form 3 discloses warrants, held indirectly through M&G Investment Management Limited, exercisable into 2,995,000 ordinary shares of Freightos Ltd. These warrants provide the right to buy additional ordinary shares under the specified exercise terms.
What is the exercise price and expiration date of the Freightos (CRGO) warrants reported?
The warrants reported have an exercise price of $11.50 per ordinary share and expire on January 23, 2028. The filing notes that these warrants are fully exercisable as of the report date, defining clear terms for potential future share acquisition.
Does Carl David Vine claim full beneficial ownership of the reported Freightos (CRGO) securities?
No. The disclosure explains that Vine may be deemed to share beneficial ownership due to his role at M&G Investment Management Limited but disclaims beneficial ownership of the securities, except to the extent of any pecuniary interest he may have in those holdings.