The insider selling cluster is dominated by the CTO's large sale, but the total dollar amount is trivial relative to market cap. The smaller sales by other executives are likely routine portfolio adjustments. No bearish signal here — monitor for any subsequent filings (e.g., 8-K, earnings) that could provide context for the CTO's sale.
Price Chart
Executive Summary
A cluster of insider selling at Nayax Ltd. (NYAX) over the past week, led by CTO and Co-Founder David Ben-Avi's $1.27M open-market sale, alongside smaller sales by the CFO, CSO, CEO of North America, and CRO. Total selling of $1.38M represents approximately 0.06% of the company's $2.4B market cap, which is below the 0.1% threshold for materiality and is considered routine. The cluster is dominated by a single large CTO sale, while the other four insiders sold small amounts likely related to tax planning or diversification, not a coordinated bearish signal.
Key Financial Metrics
Key Facts
- 5 insiders sold shares in the window 2026-05-28 to 2026-06-04, total value $1.38M.
- CTO and Co-Founder David Ben-Avi sold 16,600 shares at $76.48 for $1.27M (92% of total cluster value).
- CFO Manor Sagit sold 489 shares at $68.06 for $33K.
- CSO Greenberg Aaron Samuel sold 440 shares at $73.31 for $32K.
- CEO of North America Furman Carly Lisanne sold 382 shares at $68.08 for $26K.
- CRO Tepper Oren sold 260 shares at $68.06 for $18K.
- Total selling of $1.38M is 0.06% of $2.4B market cap — below the 0.1% materiality threshold.
- No open-market purchases in the cluster; all transactions are open-market sales (code S).
Financial Impact
Total insider selling of $1.38M represents 0.06% of market cap — immaterial relative to company size.
Risk Factors
- CTO's large sale could indicate personal diversification or a planned departure, though no such announcement has been made.
- If the CTO's sale is followed by additional insider selling or a material adverse event, the cluster could be re-evaluated.
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-1780920024384 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $48.30 $46.61 | ▼ −3.49% | ▼ −3.25% | $50.41 (+4.38%) |
Oct 2, 2026 24d 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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