Form 4: Nayax CFO Sells Shares for Tax Obligations

Nayax Ltd.'s CFO, Sagit Manor, sold 1,252 ordinary shares at a weighted average price of $54.7816 to cover tax withholding obligations related to restricted share unit vesting.

Summary

• Sagit Manor, the Chief Financial Officer (CFO) of Nayax Ltd. (NYAX), reported a transaction involving the company's ordinary shares.
• On March 31, 2026, 1,252 ordinary shares were disposed of at a weighted average price of $54.7816 per share.
• The sale was conducted to satisfy tax withholding obligations in connection with the vesting of restricted share units.
• Following this transaction, Sagit Manor beneficially owns 49,277 ordinary shares directly.
• The shares were sold on the Tel Aviv Stock Exchange and the price was converted from New Israeli Shekels (ILS) to U.S. Dollars (USD) using the exchange rate on the transaction date.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale is for tax purposes related to RSU vesting, a routine occurrence for executive compensation and not a discretionary sale.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales for tax withholding purposes are common and generally not indicative of management's sentiment towards the company's future performance, as they are often pre-scheduled and mandatory under executive compensation plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related sale by an insider, not a discretionary sale indicating a change in confidence or company fundamentals.

Key Dates

Recommendation

The transaction is a routine sale by the CFO to cover tax obligations associated with restricted share unit vesting, which is a common practice and does not reflect a change in the company's fundamentals or the insider's confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Nayax, NYAX, Form 4, Insider Transaction, CFO, Share Sale, Tax Withholding, Restricted Share Units, Beneficial Ownership