This cluster is too small to warrant a trading signal. The CMO's exercise-and-sell is a routine cashless transaction, and the other sales are trivial in dollar terms. No evidence of informed selling. Monitor for any material insider purchases or a larger cluster (>0.1% of market cap) before reading bearish intent.
Price Chart
Executive Summary
Four Nayax insiders, including the CFO, CPO, and CMO, sold a total of ~$134K in open-market sales over a 7-day window. The CMO's sale was part of a same-day derivative exercise, indicating a cashless exercise-and-sell pattern. The total dollar value is only ~0.005% of the $2.5B market cap, making this cluster trivial in size and likely driven by routine liquidity, tax planning, or vesting schedules rather than a coordinated bearish signal.
Key Financial Metrics
Key Facts
- Total insider sales of ~$134K represent ~0.005% of $2.5B market cap — immaterial
- CMO Sever Michal exercised 1,563 derivative shares at $21.35 and immediately sold at $64.41 — a cashless exercise-and-sell pattern, not a directional sale
- CFO Manor Sagit sold 251 shares for $16K; CPO Amnipour Erez sold 231 shares for $15K — both trivial amounts
- Director Havshush Erez sold only 19 shares for ~$1K — de minimis
- No open-market purchases in the cluster; all transactions are sells
Financial Impact
Total insider sales of ~$134K, or 0.005% of market cap — negligible economic impact
Risk Factors
- Insider sales could accelerate if the stock continues to rise, but current levels are immaterial
- No risk of material dilution or negative signal from this cluster
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-1779281919901 |
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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