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Insider Cluster (2 insiders) ·Filed May 18, 2026

NYAX

Nayax Ltd.
NEUTRAL
Impact 2/10
Horizonimmediate Processed5mo ago
Insider cluster: 2 insiders, $102K total
Actionable Insight • Neutral

This cluster is too small to warrant a trading signal. The CMO's sale is a routine cashless exercise-and-sell pattern, and the director's sale is negligible. Monitor for any larger insider sales or a material change in business fundamentals, but this filing alone does not indicate bearish conviction.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
NYAX ▼ -21.79% at T+60d
NEUTRAL call -21.79% · α vs SPY -26.64% · entry $63.78 → $49.88
Entry = T+0 close
May 18, 2026
via day close
T+1d
+5.05%
call +5.05% · α +5.70%
$67.00
settled 5mo ago
T+5d
+10.82%
call +10.82% · α +9.20%
$70.68
settled 5mo ago
T+20d
+3.17%
call +3.17% · α +1.59%
$65.80
settled 4mo ago
T+60d
-21.79%
call -21.79% · α -26.64%
$49.88
settled 3mo ago

Price Chart

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Executive Summary

Two Nayax insiders (CMO and a director) sold a total of ~$102K in open-market transactions over a 7-day window. The CMO's sale followed derivative exercises, consistent with a cashless exercise-and-sell pattern for tax/expense purposes. The director's sale was trivial at $1,283. The total dollar value is 0.004% of Nayax's $2.4B market cap — immaterial. This cluster is routine and non-informative.

Key Financial Metrics

Direction
selling
Total Value
$102.0K
Insiders
2

Key Facts

  • CMO Sever Michal sold 1,563 shares at $64.41 for ~$101K after exercising derivatives
  • Director Eran Havshush sold 19 shares at $67.57 for $1,284
  • Total cluster value of ~$102K is 0.004% of $2.4B market cap
  • No open-market purchases in the cluster
  • CMO's sale pattern (exercise + immediate sell) is typical for tax withholding or option monetization, not informed selling

Financial Impact

Total insider sales of ~$102K, representing 0.004% of market cap

insider ownership

Risk Factors

  • No material risk identified from this cluster given the trivial dollar amounts

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
78% bullish (9 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-NYAX-1779105586640
39 reports for NYAX
Performance horizon
82% Hit rate @ T+1 9 of 11 directional calls Went positive at some point 9 of 11 best @ T+60▲ +22.79%Mar 9, 2026
Filters
Rows
Reports for NYAX — sortable, filterable
TypeNow
Oct 6, 2026
21d ago
Press Release
NEUTRAL ★ 4/10
$48.30 $46.61▼ −3.49%▼ −3.25%$51.93 (+7.53%)
Oct 2, 2026
25d ago
Insider Cluster
BULLISH ★ 5/10
$49.00 $49.77▲ +1.57%▲ +0.90%$51.93 (+5.98%)
Oct 1, 2026
25d ago
6-K
BULLISH ★ 7/10
$49.00 $49.77▲ +1.57%▲ +0.90%$51.93 (+5.98%)
Oct 1, 2026
25d ago
Press Release
NEUTRAL ★ 4/10
$49.00 $49.77▲ +1.57%▲ +0.90%$51.93 (+5.98%)
Sep 30, 2026
27d ago
Insider Cluster
MIXED ★ 5/10
$47.71 $48.25▲ +1.13%▲ +0.95%$51.93 (+8.85%)
Sep 29, 2026
28d ago
Insider Cluster
BULLISH ★ 7/10
$44.57 $47.71▲ +7.05%▲ +7.25%$51.93 (+16.51%)
Sep 29, 2026
28d ago
Insider Cluster
BULLISH ★ 7/10
$44.57 $47.71▲ +7.05%▲ +7.25%$51.93 (+16.51%)
Sep 24, 2026
4w ago
Insider Cluster
BULLISH ★ 7/10
$44.75 $45.03▲ +0.63%▲ +0.08%$51.93 (+16.04%)
Sep 24, 2026
4w ago
Insider Cluster
NEUTRAL ★ 4/10
$44.75 $45.03▲ +0.63%▲ +0.08%$51.93 (+16.04%)
Sep 22, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$43.33 $42.63▼ −1.62%▼ −0.90%$51.93 (+19.85%)
Showing 10 of 39

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Report published May 18, 2026