The cluster is notable for its breadth (5 officers) but the dollar amounts are small relative to market cap. The CTO's $1.27M sale is the largest, but without a 10b5-1 plan disclosure or a catalyst, this appears routine portfolio diversification. Monitor for any upcoming earnings or material events that could explain the selling. The sustained selling pattern over 30 days ($4.8M total) is worth tracking but does not yet signal distress.
Price Chart
Executive Summary
Five Nayax insiders, including the CTO, CSO, CRO, CEO of North America, and CFO, sold a total of $1.54M in open-market transactions over a 7-day window. The CTO's sale of $1.27M accounts for 82% of the cluster value. While the dollar amount is modest relative to the $2.4B market cap (0.06%), the cluster involves multiple C-suite officers selling concurrently, which warrants attention.
Key Financial Metrics
Key Facts
- 5 insiders sold a total of $1.54M in open-market transactions from May 29 to June 4, 2026.
- CTO Ben-Avi David sold 16,600 shares for $1.27M, representing 82% of total cluster value.
- CFO Manor Sagit sold 489 shares for $33K on June 4, 2026.
- CSO Greenberg Aaron Samuel sold 440 shares for $32K on June 1, 2026.
- CEO of North America Furman Carly Lisanne sold 1,800 shares for $129K on June 1, 2026.
- CRO Tepper Oren sold 1,100 shares for $77K on June 1, 2026.
- Total cluster value of $1.54M is approximately 0.06% of the $2.4B market cap.
- Prior 30-day insider activity shows 10 sells totaling $4.8M, indicating a sustained selling pattern.
Financial Impact
Total insider sales of $1.54M represent 0.06% of market cap — below the 0.1% materiality threshold for a standalone signal.
Risk Factors
- Sustained insider selling pattern may indicate management's lack of confidence in near-term prospects.
- No 10b5-1 plan disclosed for these trades, increasing the information content of the sales.
- Cluster involves multiple C-suite officers, which is unusual for routine diversification.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NYAX-1780918483286 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $48.30 $46.61 | ▼ −3.49% | ▼ −3.25% | $50.41 (+4.38%) |
Oct 2, 2026 25d ago | Insider Cluster | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Oct 1, 2026 25d ago | 6-K | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Oct 1, 2026 25d ago | Press Release | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Sep 30, 2026 26d ago | Insider Cluster | $47.71 $48.25 | ▲ +1.13% | ▲ +0.95% | $50.41 (+5.66%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.41 (+13.10%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.41 (+13.10%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.41 (+12.65%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.41 (+12.65%) |
Sep 22, 2026 4w ago | Insider Cluster | $43.33 $42.63 | ▼ −1.62% | ▼ −0.90% | $50.41 (+16.34%) |
US Market Status
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