Arkin Moshe 4
4 · Odysight.ai Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Odysight.ai (ODYS) 10% Owner Arkin Moshe Exercises Warrants
What Happened
Arkin Moshe, a reported 10% owner of Odysight.ai (ODYS), exercised warrants on March 25, 2026. The warrant exercise covered 2,352,941 shares at $5.50 per share (gross value $12,941,176). The company withheld 2,081,044 shares to satisfy the $11,445,742 exercise price (cashless/tax withholding), and Moshe received the remaining 271,897 shares (approximate value $1,495,434). The Form 4 was filed March 27, 2026.
Key Details
- Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely filing).
- Primary actions: Code M = exercise/conversion of derivative for 2,352,941 shares @ $5.50 (acquired); Code F = shares withheld (2,081,044) to pay exercise price (disposed).
- Gross exercise value: $12,941,176; shares withheld value: ~$11,445,742; net shares issued value: ~$1,495,434.
- Shares owned after transaction: not specified in the filing.
- Footnotes: Board-approved cashless exercise exempt under Rule 16b-3 (F1); Phoenix Insurance Co. Ltd. originally exercised the warrant and the Reporting Person paid on a cashless basis leading to withholding (F2); an additional derivative line was included for informational purposes only (F3).
- Insider role: 10% owner (not necessarily an executive); transaction codes M (exercise) and F (tax/withholding).
Context
This was a cashless warrant exercise — common when insiders or warrant holders convert securities but elect to have shares withheld to cover the exercise price and taxes. The net issuance (271,897 shares) is the meaningful change in Moshe’s stake; the larger gross dollar figure reflects the total exercise cost covered via withholding. Because this is a 10% owner transaction (not a simple open-market buy/sell by an executive), interpret it as a conversion event rather than a routine market buy/sell signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-25$5.50/sh+2,352,941$12,941,176→ 4,705,882 total(indirect: Held through Phoenix Insurance Company Ltd.) - Tax Payment
Common Stock
[F2]2026-03-25$5.50/sh−2,081,044$11,445,742→ 2,624,838 total(indirect: Held through Phoenix Insurance Company Ltd.) - Exercise/Conversion
Warrants to purchase common stock
[F1]2026-03-25+2,352,941→ 0 total(indirect: Held through Phoenix Insurance Company Ltd.)Exercise: $5.50From: 2023-03-27Exp: 2026-03-26→ Common Stock (2,352,941 underlying)
- 2,959,143(indirect: Held through M.Arkin (1999) Ltd.)
Common Stock
[F3] - (indirect: Held through M. Arkin (1999) Ltd.)
Warrants to purchase common stock
[F3]Exercise: $10.35From: 2021-03-29Exp: 2026-03-31→ Common Stock (222,223 underlying)
Footnotes (3)
- [F1]The cashless exercise of the warrant to purchase common stock was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors.
- [F2]On March 25, 2026, Phoenix Insurance Company Ltd. exercised a warrant to purchase 2,352,941 shares of the Issuer's common stock for $5.50 per share. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer withholding 2,081,044 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 271,897 shares.
- [F3]No transaction has been effected by the Reporting Person with respect to these securities, and they are being included in this Form 4 for informational purposes only.