[Form 4] Odysight.ai Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Odysight.ai Inc. director and 10% owner Moshe Arkin, through Phoenix Insurance Company Ltd., exercised warrants for 2,352,941 shares of common stock at $5.50 per share in a cashless transaction. The issuer withheld 2,081,044 shares to cover the exercise price and issued 271,897 net shares.
After these transactions, Phoenix Insurance Company Ltd. held 2,624,838 shares of common stock indirectly for Arkin. Separately, M. Arkin (1999) Ltd. is reported as holding 2,959,143 shares of common stock and warrants for 222,223 shares, with no transactions effected in those securities and their inclusion stated as informational only.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,352,941 shares exercised/converted
Mixed
5 txns
Insider
Arkin Moshe
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Warrants to purchase common stock | 2,352,941 | $0.00 | -- |
| Exercise | Common Stock | 2,352,941 | $5.50 | $12.94M |
| Tax Withholding | Common Stock | 2,081,044 | $5.50 | $11.45M |
| holding | Warrants to purchase common stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrants to purchase common stock — 0 shares (Indirect, Held through Phoenix Insurance Company Ltd.);
Common Stock — 4,705,882 shares (Indirect, Held through Phoenix Insurance Company Ltd.)
Footnotes (1)
- The cashless exercise of the warrant to purchase common stock was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. On March 25, 2026, Phoenix Insurance Company Ltd. exercised a warrant to purchase 2,352,941 shares of the Issuer's common stock for $5.50 per share. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer withholding 2,081,044 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 271,897 shares. No transaction has been effected by the Reporting Person with respect to these securities, and they are being included in this Form 4 for informational purposes only.