Form 4: Freightos Ltd: CTO's Share Transactions Detailed
Statement of Changes in Beneficial Ownership
Freightos Ltd's Chief Technology Officer, Enric Alventosa Abril, reported transactions involving ordinary shares and stock options, including acquisitions and beneficial ownership details.
Summary
- Enric Alventosa Abril, Chief Technology Officer of Freightos Limited, has filed a Form 4 detailing transactions and beneficial ownership of the company's securities.
- The filing includes the acquisition of 2,904 ordinary shares at a price of $2.05 per share on May 28, 2026.
- Following this transaction, Mr. Abril beneficially owns 26,746 ordinary shares directly.
- The filing also lists beneficial ownership of 34,133 ordinary shares underlying Restricted Share Units (RSUs) granted on July 15, 2023, with vesting scheduled through July 15, 2026.
- Additionally, 25,000 ordinary shares underlying RSUs granted on March 13, 2025, are listed, with vesting and settlement expected by December 31, 2026.
- Further beneficial ownership includes 35,181 ordinary shares underlying stock options with an exercise price of $4.17, exercisable from April 1, 2025, to April 27, 2031.
- Another 58,048 ordinary shares underlying stock options with an exercise price of $4.17 are noted, exercisable from January 1, 2026, to February 17, 2032.
- Finally, 42,217 ordinary shares underlying stock options with an exercise price of $8.44 are reported, with vesting commencing November 2, 2032.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents routine insider transactions and ownership disclosures without indicating significant positive or negative company performance.
Positives
- The CTO has acquired additional ordinary shares, indicating continued investment in the company.
- Details on RSUs and stock options provide transparency into executive compensation and potential future shareholdings.
Negatives
- The filing primarily reports routine transactions and ownership, with no significant negative financial or operational disclosures.
Risks
- Vesting schedules for RSUs and stock options mean that a significant number of shares are not yet fully owned by the reporting person, subject to continued employment and vesting conditions.
- The value of underlying shares for options and RSUs is subject to market fluctuations.
Future Outlook
The filing does not contain forward-looking statements or guidance. It primarily reports past transactions and current beneficial ownership.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for publicly traded companies, providing transparency into insider transactions. This filing for Freightos Ltd (CRGO) is typical for an executive reporting their shareholdings and option grants.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Enric Alventosa Abril has granted a Power of Attorney to specific individuals to execute and file Forms 3, 4, and 5 on his behalf with the SEC. | March 18, 2026 | Facilitates timely and accurate regulatory filings by authorized representatives. |
Stakeholder Impact
- Shareholders gain insight into the equity holdings and potential future share disposals or acquisitions by a key executive.
- Employees may view executive share ownership as a sign of commitment to the company's long-term success.
Next Steps
- Continued vesting and settlement of RSUs according to their respective schedules.
- Potential exercise of stock options as they become vested and before their expiration dates.
Key Dates
| Date | Description |
|---|---|
| 05/28/2026 | Transaction date for the acquisition of 2,904 ordinary shares. |
| 07/15/2023 | Vesting commencement date for a tranche of RSUs. |
| 07/15/2026 | Latest vesting date for a tranche of RSUs. |
| 03/13/2025 | Grant date for a tranche of RSUs. |
| 12/31/2026 | Expected settlement date for RSUs granted on March 13, 2025. |
| 04/01/2025 | Date from which stock options with $4.17 exercise price are exercisable. |
| 04/27/2031 | Expiration date for stock options with $4.17 exercise price. |
| 01/01/2026 | Date from which a second tranche of stock options with $4.17 exercise price are exercisable. |
| 02/17/2032 | Expiration date for a second tranche of stock options with $4.17 exercise price. |
| 11/02/2032 | Vesting commencement date for stock options with $8.44 exercise price. |
| 10/01/2022 | Vesting commencement date for stock options with $8.44 exercise price. |
| 03/18/2026 | Date of execution for the Power of Attorney. |
| 06/01/2026 | Date of signature for the Form 4 filing. |
Keywords
Freightos Ltd, CRGO, Form 4, SEC Filing, Insider Trading, Stock Options, Restricted Stock Units, Beneficial Ownership, Enric Alventosa Abril, Chief Technology Officer, Share Transactions
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