A Form 4 filed on September 4, 2026, disclosed changes in beneficial ownership of eToro Group Ltd. Class A common shares by director Santo Politi, reflecting distributions in kind and an open-market sale transacted on August 12, 2026.

Key Highlights

  • Reporting person: Santo Politi, listed as a director of eToro Group Ltd. (NASDAQ:ETOR), with address care of Spark Capital, 200 Clarendon Street, 59th Floor, Boston, Massachusetts.
  • Distribution by Spark Capital II, L.P.: 3,559,007 Class A common shares disposed of (transaction code D) on August 12, 2026, at $0, representing a distribution in kind to partners, leaving 0 shares held indirectly by that entity.
  • Distribution by Spark Capital Founders' Fund II, L.P.: 23,280 Class A common shares disposed of (transaction code D) on August 12, 2026, at $0, also a distribution in kind, leaving 0 shares held indirectly by that entity.
  • Shares received and sold via Spark Capital Partners, LLC: 5,783 Class A common shares were acquired (transaction code J) at $0 in a distribution in kind from Spark Capital II, L.P., then all 5,783 shares were sold (transaction code S) at a weighted average price of $28.013, leaving 0 shares in that entity.
  • Remaining direct holdings: 2,107 Class A common shares reported as directly owned following the reported transactions.
  • Disclaimer of beneficial ownership: According to the filing, Politi disclaims beneficial ownership of shares held by Spark Capital II, L.P. and Spark Capital Founders' Fund II, L.P. except to the extent of his pecuniary interest, and the report "shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose."

Spark Capital Entities Distribute eToro Shares to Partners in Kind

According to the filing, the transactions reported on August 12, 2026, centered on distributions in kind from two Spark Capital entities. Spark Capital II, L.P. distributed 3,559,007 Class A common shares and Spark Capital Founders' Fund II, L.P. distributed 23,280 Class A common shares to their respective partners at a price of $0. The filing states that following these distributions, Politi "no longer has any pecuniary interest in, or voting or dispositive power over, the securities reported herein" with respect to those two entities.

Separately, Spark Capital Partners, LLC received 5,783 Class A common shares via a distribution in kind from Spark Capital II, L.P. (transaction code J), then sold all 5,783 of those shares at a weighted average price of $28.013 per share (transaction code S). The filing notes that the weighted average price is reported and that Politi "undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request." Following the sale, Spark Capital Partners, LLC held 0 shares.

After all reported transactions, the filing shows Politi holds 2,107 Class A common shares directly. No derivative securities transactions were reported in Table II. The Form 4 was signed by Alexa Lyons as attorney-in-fact for Santo Politi and filed on September 4, 2026.

What Was Disclosed

Director Santo Politi filed a Form 4 disclosing dispositions of eToro Group Ltd. Class A common shares on August 12, 2026, through distributions in kind from two Spark Capital funds and a subsequent open-market sale of 5,783 shares at a weighted average price of $28.013, leaving 2,107 shares held directly.