Nayax (NYAX) President exercises options, sells 4,500 shares in Tel Aviv trades

Rhea-AI Filing Summary

Nayax Ltd. President Sharir Keren reported an exercise-and-sell transaction involving company shares. On May 27, 2026, he exercised stock options covering 4,500 Ordinary Shares at an exercise price of $6.70 per share, acquiring the underlying shares. The same day, he sold 4,500 Ordinary Shares in open-market trades, including 2,000 shares at $71.32 and 2,500 shares at $72.18 per share. Following these transactions, his direct ownership of Ordinary Shares reported in this filing was 31,376 shares, and the exercised option grant showed 23,100 options remaining outstanding. Footnotes state the trades occurred on the Tel Aviv Stock Exchange, with prices converted from Israeli shekels to U.S. dollars and reported on a weighted-average basis.

Insights

Equity compensation analyst

Routine option exercise with same-day share sales; modest net reduction in equity exposure.

Sharir Keren exercised stock options for 4,500 Ordinary Shares at an exercise price of $6.70, then sold the same number of shares in open-market trades at prices above $71. This is a classic exercise-and-sell pattern converting option value into cash.

The filing shows 0 remaining derivatives for this grant in the derivativeSummary, meaning this option position was fully exercised. He still holds 31,376 Ordinary Shares directly plus 23,100 remaining options from other grants, indicating continued equity exposure to Nayax Ltd.

The transactions were executed on the Tel Aviv Stock Exchange in ILS and reported in USD at the applicable exchange rate. No Rule 10b5-1 trading plan is mentioned, so the timing appears discretionary, but the scale and pattern are consistent with routine liquidity from equity compensation rather than a transformational position change.

Insider Trade Summary

Net Seller: 4,500 shares ($323,090)

Net Sell 4 txns

Insider Sharir Keren

Role President

Sold 4,500 shs ($323K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	4,500	$0.00	--
Exercise	Ordinary Shares	4,500	$6.70	$30K
Sale	Ordinary Shares	2,500	$72.18	$180K
Sale	Ordinary Shares	2,000	$71.32	$143K

Holdings After Transaction: Stock Option (Right to Buy) — 23,100 shares (Direct, null); Ordinary Shares — 31,376 shares (Direct, null)

Footnotes (1)

1. The shares were acquired upon the exercise of stock options The shares sold were acquired upon the exercise of stock options on the same date These shares were sold in transactions on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS) and have been converted to U.S. Dollars (USD) using the exchange rate in effect on the transaction date. The reported price is a weighted average price. These shares were sold in transactions on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS) and have been converted to U.S. Dollars (USD) using the exchange rate in effect on the transaction date. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request The options reported herein were exercised and the underlying shares were sold on the same date as reported in Table I.

Key Figures

Shares sold at $71.32: 2,000 shares at $71.32 Shares sold at $72.18: 2,500 shares at $72.18 Options exercised: 4,500 shares at $6.70 +2 more

5 metrics

Shares sold at $71.32 2,000 shares at $71.32 Open-market sale of Ordinary Shares on May 27, 2026

Shares sold at $72.18 2,500 shares at $72.18 Open-market sale of Ordinary Shares on May 27, 2026

Options exercised 4,500 shares at $6.70 Stock option exercise for Ordinary Shares

Shares held after transactions 31,376 shares Direct Ordinary Share ownership after reported transactions

Options remaining 23,100 options Stock options outstanding after exercise of 4,500 options

Key Terms

open-market sale, Exercise or conversion of derivative security, weighted average price, Tel Aviv Stock Exchange, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

weighted average price financial

"The reported price is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Tel Aviv Stock Exchange financial

"These shares were sold in transactions on the Tel Aviv Stock Exchange"

The Tel Aviv Stock Exchange is Israel’s main marketplace where stocks, bonds and exchange-traded funds are bought and sold, providing a centralized place for investors to trade ownership in companies and government debt. It matters because it sets real-time prices and liquidity for Israeli securities, offering a barometer of the country’s corporate health and giving investors a way to enter or exit positions much like an auction house or farmers’ market sets the price for goods.

stock options financial

"The shares were acquired upon the exercise of stock options"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sharir Keren

(Last) (First) (Middle)

ARIK EINSTEIN 3

BUILDING B, FLOOR 1

(Street)

HERZLIYA

(City) (State) (Zip)

ISRAEL

(Country)

2. Issuer Name and Ticker or Trading Symbol
Nayax Ltd. [ NYAX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	05/27/2026		M		4,500(1)	A	$6.7	31,376	D
Ordinary Shares	05/27/2026		S		2,500(2)	D	$72.18(3)	28,876	D
Ordinary Shares	05/27/2026		S		2,000(2)	D	$71.32(4)	26,876	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$6.7	05/27/2026		M(5)			4,500	07/01/2020	12/31/2026	Ordinary Shares	4,500	$0	23,100	D

Explanation of Responses:

1. The shares were acquired upon the exercise of stock options

2. The shares sold were acquired upon the exercise of stock options on the same date

3. These shares were sold in transactions on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS) and have been converted to U.S. Dollars (USD) using the exchange rate in effect on the transaction date.

4. The reported price is a weighted average price. These shares were sold in transactions on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS) and have been converted to U.S. Dollars (USD) using the exchange rate in effect on the transaction date. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

5. The options reported herein were exercised and the underlying shares were sold on the same date as reported in Table I.

	/s/ Netta Cohen on behalf of Oppenheimer Israel, as Attorney-in-fact	05/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Nayax (NYAX) President Sharir Keren report in this Form 4 filing?

Sharir Keren reported exercising stock options for 4,500 Nayax Ordinary Shares at $6.70 per share, then selling 4,500 shares in open-market transactions the same day, converting part of his equity compensation into cash while retaining a meaningful shareholding and remaining options.

How many Nayax (NYAX) shares did Sharir Keren sell and at what prices?

He sold 4,500 Nayax Ordinary Shares, including 2,000 shares at $71.32 and 2,500 shares at $72.18 per share. The filing notes the reported prices are weighted averages of trades executed on the Tel Aviv Stock Exchange and converted from Israeli shekels.

What stock options did Sharir Keren exercise in this Nayax (NYAX) Form 4?

He exercised stock options representing 4,500 Ordinary Shares at an exercise price of $6.70 per share. A footnote explains the shares sold the same day were acquired upon this option exercise, reflecting a typical exercise-and-sell transaction for equity compensation.

How many Nayax (NYAX) shares does Sharir Keren hold after these transactions?

After the reported transactions, Keren directly holds 31,376 Nayax Ordinary Shares according to the non-derivative holdings table. He also has 23,100 stock options remaining from the reported option grant, maintaining substantial exposure to the company’s future performance.

Were Sharir Keren’s Nayax (NYAX) trades made on the Tel Aviv Stock Exchange?

Yes. Footnotes state the share sales occurred on the Tel Aviv Stock Exchange in Israeli shekels. The prices in the filing are weighted-average figures converted into U.S. dollars using the exchange rate effective on the transaction date for accurate U.S. reporting.

Does this Nayax (NYAX) Form 4 indicate a major change in Sharir Keren’s ownership?

The filing shows an exercise-and-sell of 4,500 shares, with post-transaction direct holdings of 31,376 shares and 23,100 remaining options. This represents portfolio management of equity compensation rather than a complete exit, so it does not signal a dramatic ownership change by itself.