Form 4: Nexxen CFO Sells Shares Under 10b5-1 Plan
Statement of Changes in Beneficial Ownership
Nexxen International Ltd. Chief Financial Officer, Niri Sagi, reported the sale of company stock executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Niri Sagi, Chief Financial Officer of Nexxen International Ltd., has reported transactions involving the sale of common stock.
- These sales occurred on June 15th and June 16th, 2026.
- The transactions were conducted under a Rule 10b5-1 trading plan adopted by Mr. Sagi on August 19th, 2025.
- A total of 33,767 shares were sold across multiple transactions at prices ranging from $8.707 to $8.9086.
- Following these transactions, Mr. Sagi continues to beneficially own 459,023 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as the sales were conducted under a pre-established Rule 10b5-1 plan, which is a common and accepted method for insiders to sell shares.
Negatives
- The Chief Financial Officer sold a significant number of shares (33,767) over two days.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Management Comments
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 08/19/2025.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan indicates a pre-planned sale strategy, often employed by executives to diversify holdings or manage personal finances without triggering insider trading concerns.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Granting of power of attorney to specific individuals to execute Section 16 and Form 144 filings on behalf of Sagi Niri. | 03/11/2026 | Facilitates timely and compliant filing of required SEC documents. |
Stakeholder Impact
- Shareholders may view insider selling with caution, although the use of a 10b5-1 plan mitigates concerns about opportunistic trading.
Key Dates
| Date | Description |
|---|---|
| 03/11/2026 | Date of execution of Power of Attorney by Sagi Niri. |
| 06/15/2026 | Transaction Date for the first sale of common stock. |
| 06/16/2026 | Transaction Dates for subsequent sales of common stock. |
| 06/17/2026 | Date of signature for the Form 4 filing. |
| 08/19/2025 | Date the Rule 10b5-1 trading plan was adopted. |
Keywords
Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Nexxen International Ltd., NEXN, Niri Sagi, CFO
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