The CTO's open-market buy is a modest positive signal but too small to warrant a bullish read. The CLO's sale is a routine option exercise and not informative. Monitor for larger insider purchases or a cluster of C-suite buys for a stronger signal.
Price Chart
Executive Summary
Nayax Ltd. (NYAX) saw a mixed insider cluster: CTO David Ben-Avi made a $44K open-market purchase at $42.91/share, while CLO Omer Gal sold $68K worth of shares at $45.17 after exercising derivatives. The total value of $111K is immaterial relative to the company's market cap (0.03%), and the CLO sale appears to be a routine cash-out of exercised options, not a directional signal. The CTO's buy is a modest positive but too small to be a strong conviction signal.
Key Financial Metrics
Key Facts
- CTO David Ben-Avi purchased 1,000 shares at $42.91 for $44K on 2026-09-17
- CLO Omer Gal sold 1,500 shares at $45.17 for $68K on 2026-09-16 after exercising options
- Total cluster value of $111K represents ~0.03% of market cap — trivial
- CLO sale is a same-day exercise-and-sell, consistent with tax/option-vesting liquidity, not a bearish signal
- No 10b5-1 plan indicated, but the pattern is routine for option exercises
Financial Impact
Total insider activity of $111K is negligible relative to market cap (~$326M)
Risk Factors
- Insider selling could accelerate if the stock continues to rise
- No material insider buying from CEO or CFO limits conviction
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NYAX-1790085791748 |
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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