Freightos (NASDAQ: CRGO) CEO sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Freightos Ltd CEO and CFO Pablo Pinillos Manrique de Lara reported an open‑market sale of 17,898 Ordinary Shares of CRGO at $1.57 per share. According to the footnotes, this was a sale-to-cover transaction executed on his behalf to cover tax liabilities arising from vesting restricted share units (RSUs).
Following the sale, he directly holds 24,102 Ordinary Shares. He also retains stock options over 33,333 Ordinary Shares at $5.00, 33,333 at $10.00, and 33,334 at $15.00, all expiring in 2033. Additional rows reflect RSU-based holdings included for informational purposes, with no transactions effected.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,898 shares ($28,100)
Net Sell
7 txns
Insider
Pinillos Manrique de Lara Pablo
Role
CEO and CFO
Sold
17,898 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 17,898 | $1.57 | $28K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 24,102 shares (Direct);
Stock Option (right to buy) — 33,333 shares (Direct)
Footnotes (1)
- The transaction reported in this row consists of a sale-to-cover on behalf of the Reporting Person to cover tax liability for vesting of restricted share units ("RSUs") that had been granted by the Issuer to the Reporting Person. There were no transactions effected in respect of the securities reported in this row, and the holdings in this row are being included for informational purposes only. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2028. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2027. The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest (and settle for underlying ordinary shares) in accordance with the following schedule: 33.33% of the RSUs vest upon the one-year anniversary of the grant date and the remaining RSUs vest equally on a quarterly basis over the following eight quarters (8.3325% per quarter) such that the RSUs will be fully vested by the three-year anniversary of the vesting commencement date.
Key Figures
Shares sold: 17,898 shares
Sale price: $1.57 per share
Direct holdings after sale: 24,102 shares
+3 more
6 metrics
Shares sold
17,898 shares
Ordinary Shares sold in sale-to-cover on 2026-03-31
Sale price
$1.57 per share
Price for 17,898 Ordinary Shares sold
Direct holdings after sale
24,102 shares
Ordinary Shares directly owned following transaction
Stock option at $5.00
33,333 underlying shares
Option exercise price $5.00, expiration 2033-03-16
Stock option at $10.00
33,333 underlying shares
Option exercise price $10.00, expiration 2033-03-16
Stock option at $15.00
33,334 underlying shares
Option exercise price $15.00, expiration 2033-03-16
Key Terms
sale-to-cover, restricted share units ("RSUs"), Stock Option (right to buy), vesting, +1 more
5 terms
sale-to-cover financial
"The transaction reported in this row consists of a sale-to-cover on behalf of the Reporting Person"
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
vesting financial
"RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price": "5.0000""
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.
FAQ
What insider transaction did Freightos (CRGO) report for its CEO and CFO?
Freightos reported that CEO and CFO Pablo Pinillos Manrique de Lara sold 17,898 Ordinary Shares at $1.57 per share. Footnotes state this was a sale-to-cover transaction to satisfy tax liabilities related to vesting restricted share units granted by the company.
What stock options in Freightos (CRGO) are reported for the CEO in this filing?
The filing shows the CEO holding stock options over 33,333 Ordinary Shares at a $5.00 exercise price, 33,333 at $10.00, and 33,334 at $15.00. All these options have an expiration date in 2033 and are reported as direct holdings.
How are RSUs for the Freightos (CRGO) CEO described in the Form 4 footnotes?
Footnotes explain the ordinary shares in certain rows represent underlying RSUs that began vesting on April 1, 2025. They vest and settle into ordinary shares on schedules extending to December 31, 2027 and December 31, 2028, with one grant vesting quarterly after its first anniversary.