Verify Level Software program Applied sciences Ltd. (Nasdaq: CHKP) govt chairman Gil Shwed held a 24.6% stake within the Israeli cybersecurity firm on the finish of the third quarter – making him the largest shareholder within the firm. However his stake fell barely from the top of the second quarter, when he held 25.2% of the shares. This continued the downward development from the earlier quarter in keeping with the report filed by the corporate to the US Securities and Change Fee (SEC).
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Which means in the course of the third quarter, Shwed bought simply over 1,000,000 Verify Level shares. On the common value at which the inventory was traded throughout this era, it may be estimated that this was a sale of about $205 million; if the sale was made on the inventory’s peak value within the quarter, the sale would have been about $235 million. On the finish of the third quarter, Shwed held about 26.8 million Verify Level shares, whose present worth on Nasdaq is $5.2 billion. Verify Level is traded at a market cap of $20.8 billion.
Shwed served as Verify Level CEO till final December, when he was succeeded by Nadav Zafrir, with Shwed changing into govt chairman. Up to now few years, Shwed has obtained virtually solely fairness compensation from Verify Level, so the amount of shares he holds has steadily elevated (Shwed has waived his wage, apart from the minimal wage he’s entitled to by regulation). In 2024, his wage value was $14.4 million, a lower from earlier years during which he obtained quantities of $17.9-26.1 million in fairness compensation.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on October 15, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
