Form 4: OMNIQ Corp. CEO Shai Lustgarten Significantly Increases Personal Stake in Company
Insider Transaction Report
OMNIQ Corp.'s Chief Executive Officer, Shai Shalom Lustgarten, has expanded his beneficial ownership by acquiring 450,000 shares of common stock and 50,000 stock options.
Summary
- Shai Shalom Lustgarten, who serves as OMNIQ Corp.'s Chief Executive Officer, Director, and a 10% owner, reported an increase in his beneficial ownership.
- On July 11, 2025, Lustgarten acquired 450,000 shares of OMNIQ Corp. common stock at a price of $0.07 per share.
- On June 30, 2025, he was granted 50,000 stock options, each with an exercise price of $0.07, which are exercisable immediately and expire on June 30, 2030.
- These stock options were granted under the Company's Equity Incentive Plan.
- Following these transactions, Lustgarten directly beneficially owns 1,424,822 shares of common stock and 50,000 stock options.
Sentiment
Score: 8
Explanation: The acquisition of a significant number of shares and options by the CEO, who is also a Director and 10% owner, indicates strong insider confidence in the company's valuation and future prospects, which is generally a positive signal for investors.
Positives
- The acquisition of 450,000 common shares and 50,000 stock options by CEO Shai Shalom Lustgarten demonstrates strong insider confidence in OMNIQ Corp.'s future prospects.
- The purchase of shares and options at a price of $0.07 per share aligns management's financial interests directly with shareholder value at this specific price point.
- The grant of options under the Company's Equity Incentive Plan indicates a structured approach to executive compensation, fostering long-term alignment between management and shareholder interests.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- Options were granted pursuant to the Company's Equity Incentive Plan.
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- The grant of 50,000 stock options to CEO Shai Shalom Lustgarten was made pursuant to the Company's Equity Incentive Plan, representing a transaction between the company and a key executive.
Stakeholder Impact
- Shareholders: The significant increase in insider ownership by the CEO may instill greater confidence among existing and potential shareholders, potentially signaling a positive outlook for the company's stock price.
- Employees/Management: The CEO's increased stake reinforces the alignment of management's financial interests with the company's long-term performance, potentially motivating other employees.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of earliest transaction and grant date for 50,000 stock options, which are immediately exercisable. |
| 07/11/2025 | Transaction date for the acquisition of 450,000 shares of common stock. |
| 07/15/2025 | Signature date of the reporting person for the Form 4 filing. |
| 06/30/2030 | Expiration date for the 50,000 stock options. |
Recommendation
buyKeywords
OMNIQ Corp, OMQS, Shai Shalom Lustgarten, insider transaction, beneficial ownership, stock options, equity incentive plan, CEO, director, 10% owner
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