Pinillos Manrique de Lara Pablo 4
4 · Freightos Ltd · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Freightos (CRGO) CEO/CFO Pablo Pinillos Sells 17,898 Shares
What Happened
- Pablo Pinillos Manrique de Lara, who serves as Freightos' CEO, CFO and a director, sold 17,898 ordinary shares on 2026-03-31 at $1.57 per share, generating about $28,100. The reported sale was a sale-to-cover to satisfy tax withholding obligations for vested restricted share units (RSUs), not an open-market directional bet.
Key Details
- Transaction date and price: 2026-03-31, 17,898 shares at $1.57/share (total ≈ $28,100).
- Transaction type: Sale (reported as an open market/private sale) and specifically a sale-to-cover to pay taxes on vested RSUs (footnote F1).
- Holdings after transaction: The filing summary provided holdings rows for informational purposes (see footnote F2) and multiple RSU grants with varying vesting schedules (footnotes F3–F5); the exact post-sale share total is not specified in the provided summary.
- RSU vesting notes: RSUs began vesting for the reporting person on April 1, 2025. Some RSUs vest and settle in full on 12/31/2027 or 12/31/2028 (F3–F4); another grant vests 33.33% after one year then quarterly over the next eight quarters, fully vesting by the three-year anniversary (F5).
- Filing timeliness: Reported and filed on 2026-03-31 (no late filing noted). Exhibit 24.1 (Power of Attorney) was attached.
Context
- Sale-to-cover transactions are routine tax-withholding actions when RSUs vest and do not necessarily signal insider sentiment about the company’s shares. This was not a purchase or an option exercise; it was a tax-withholding sale associated with RSU vesting (transaction code: S with footnote F1).
Insider Transaction Report
Form 4
Freightos LtdCRGO
Pinillos Manrique de Lara Pablo
DirectorCEO and CFO
Transactions
- Sale
Ordinary Shares
[F1]2026-03-31$1.57/sh−17,898$28,100→ 24,102 total
Holdings
- 37,500
Ordinary Shares
[F2][F3] - 37,500
Ordinary Shares
[F2][F4] - 40,000
Ordinary Shares
[F2][F5] - 33,333
Stock Option (right to buy)
[F2]Exercise: $5.00From: 2027-03-16Exp: 2033-03-16→ Ordinary Shares (33,333 underlying) - 33,333
Stock Option (right to buy)
[F2]Exercise: $10.00From: 2027-03-16Exp: 2033-03-16→ Ordinary Shares (33,333 underlying) - 33,334
Stock Option (right to buy)
[F2]Exercise: $15.00From: 2027-03-16Exp: 2033-03-16→ Ordinary Shares (33,334 underlying)
Footnotes (5)
- [F1]The transaction reported in this row consists of a sale-to-cover on behalf of the Reporting Person to cover tax liability for vesting of restricted share units ("RSUs") that had been granted by the Issuer to the Reporting Person.
- [F2]There were no transactions effected in respect of the securities reported in this row, and the holdings in this row are being included for informational purposes only.
- [F3]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2028.
- [F4]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest and settle for underlying ordinary shares, in their entirety, on December 31, 2027.
- [F5]The ordinary shares reported in this row consist of shares underlying RSUs granted to the Reporting Person that began vesting for the Reporting Person on April 1, 2025 and that vest (and settle for underlying ordinary shares) in accordance with the following schedule: 33.33% of the RSUs vest upon the one-year anniversary of the grant date and the remaining RSUs vest equally on a quarterly basis over the following eight quarters (8.3325% per quarter) such that the RSUs will be fully vested by the three-year anniversary of the vesting commencement date.
Signature
/s/ Max Sitnick, Attorney-in-fact|2026-03-31