Yochai Nissim, EVP and ZIM USA President at ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), filed a Form 4 on August 26, 2026, disclosing a net exercise of 56,023 stock options and the same-day sale of all 7,535 ordinary shares received.

Key Highlights

  • Option exercise: Nissim exercised 56,023 stock options on a net basis on August 24, 2026, with shares withheld to cover the aggregate exercise price.
  • Shares issued: The net exercise resulted in the issuance of 7,535 ordinary shares after the withholding.
  • Same-day sale: All 7,535 shares received were sold on August 24, 2026, the same day as the exercise.
  • Weighted average sale price: Shares were sold at a weighted average price of $28.8305, in multiple transactions ranging from $28.83 to $28.84.
  • Adjusted exercise price: The stock option exercise price of $24.45 was adjusted to reflect a cash dividend paid by the issuer, per applicable anti-dilution provisions.
  • Remaining ownership: Following the reported transactions, Nissim's direct beneficial ownership of ordinary shares stands at 0.

Nissim Net-Exercises Options and Sells Resulting ZIM Shares

According to the filing, Yochai Nissim, who serves as EVP and ZIM USA President of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), executed a net-basis exercise of 56,023 stock options on August 24, 2026. Under a net exercise, the filing explains, shares were withheld to cover the aggregate exercise price rather than requiring a cash outlay, resulting in the issuance of 7,535 ordinary shares to Nissim.

The filing reports that all 7,535 shares received upon exercise were sold on the same day, August 24, 2026. The transaction code recorded is "S" for the sale. The reported weighted average sale price was $28.8305 per share, with individual transactions occurring in a range from $28.83 to $28.84. According to the filing, Nissim "undertakes to provide full information regarding the number of shares sold at each separate price upon request."

The options that were exercised carried an exercise price of $24.45, which the filing notes "has been adjusted to reflect a cash dividend paid by the Issuer, in accordance with the anti-dilution provisions applicable to this award." Those options were exercisable as of March 9, 2023, with an expiration date of March 8, 2027, and covered underlying ordinary shares. Following all reported transactions, the filing discloses that Nissim's direct beneficial ownership of ordinary shares is 0, and his derivative securities position following the exercise is also 0. The Form 4 was signed on August 26, 2026, by Meirav Shemesh on behalf of Oppenheimer Israel, as attorney-in-fact.

What Was Disclosed

The filing discloses a net exercise of 56,023 stock options and the same-day sale of the resulting 7,535 ordinary shares by ZIM's EVP and ZIM USA President, leaving him with zero direct beneficial ownership of ordinary shares after the transactions.