Monitor shareholder vote outcome on November 16, 2026 — non-approval would require renegotiation of CEO terms and could create uncertainty. The market PSU milestones ($15-$30) provide a transparent view of the board's medium-term valuation expectations.
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Executive Summary
Similarweb Ltd. filed a 6-K furnishing proxy materials for a Special General Meeting of Shareholders on November 16, 2026, to vote on approving the compensation terms for new CEO Michael Akkerman. The proposed package includes a $550,000 base salary, $500,000 sign-on bonus, and a $10,000,000 equity award (70% performance-based, with market PSU milestones at $15-$30 stock price targets). This is a routine CEO compensation approval vote with no financial results or operational updates.
Key Facts
- Special General Meeting on November 16, 2026 to approve CEO Michael Akkerman's compensation terms
- Base salary: $550,000 per annum; target annual bonus: $550,000 (100% of base)
- One-time sign-on cash bonus: $500,000
- Total target equity award: $10,000,000 (approx. 1.25% of fully diluted shares)
- Equity split: 30% RSUs ($3M), 50% Operating PSUs ($5M tied to FY2027-2029 revenue/EBITDA), 20% Market PSUs ($2M tied to $15/$20/$25/$30 share price milestones)
- Record date: October 8, 2026; 89,634,720 ordinary shares outstanding
- CEO start date: November 2, 2026
Financial Impact
CEO compensation package up to $10M equity + $1.1M annual cash + $500K sign-on bonus; represents ~1.25% dilution on fully diluted basis
Risk Factors
- Shareholder vote on compensation is binding under Israeli law; non-approval could delay CEO transition or require revised terms
- Equity grant of ~1.25% dilution is modest but adds to ongoing dilution from equity incentive plans
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001842731-26-000047 |
| Document: smwb-sgm2026xform6xk.htm | 0001842731-26-000047 |
| Document: smwb-sgm2026xproxycardxe.htm | 0001842731-26-000047 |
| Document: 0001842731-26-000047-index-headers.html | 0001842731-26-000047 |
| Document: 0001842731-26-000047-index.html | 0001842731-26-000047 |
| Document: 0001842731-26-000047.txt | 0001842731-26-000047 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 6-K | $8.43 | awaiting T+20 | — | $9.02 (+7.00%) |
Aug 12, 2026 10w ago | 6-K | $8.79 $8.10 | ▼ −7.85% | ▼ −5.95% | $9.02 (+2.62%) |
May 22, 2026 22w ago | Insider Cluster | $4.13 $5.02 | ▲ +21.55% | ▲ +22.97% | $9.02 (+118.40%) |
May 20, 2026 22w ago | Insider Cluster | $3.82 $4.99 | ▲ +30.63% | ▲ +29.89% | $9.02 (+136.13%) |
May 14, 2026 23w ago | 6-K | $3.07 $4.38 | ▲ +42.67% | ▲ +43.53% | $9.02 (+193.81%) |
Apr 23, 2026 26w ago | 6-K | $2.59 $3.78 | ▲ +45.95% | ▲ +41.92% | $9.02 (+248.26%) |
Apr 10, 2026 28w ago | 3 | $2.33 $3.28 | ▲ +40.77% | ▲ +32.24% | $9.02 (+287.12%) |
Mar 26, 2026 30w ago | 6-K | $2.67 $2.59 | ▼ −3.00% | ▼ −13.66% | $9.02 (+237.83%) |
US Market Status
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