Ben-Avi David, Nayax's CTO and Co-Founder, Purchases 2,854 NYAX Shares at $44.03 Each

Ben-Avi David, CTO and co-founder of Nayax Ltd. (ticker NYAX), acquired 2,854 shares on September 30, 2026, at a price of $44.03 per share, amounting to a total investment of $123,479.

Who is Ben-Avi David and What is His Real Role at Nayax Ltd.

Ben-Avi David serves as the Chief Technology Officer (CTO) and is also one of the co-founders of Nayax Ltd., a publicly traded company offering payment and activity management solutions for ATMs and points of sale. In his role as CTO, he oversees technological development, innovation strategy, and product implementation, which are central to the company's offerings. His status as a co-founder underscores his strategic and operational involvement, as he contributed to the company's creation and possesses an in-depth understanding of its economic model.

The CTO position grants access to privileged information, including R&D projects, new product launch timelines, technological partnerships, and human capital investments. These details are often considered sensitive, as they can influence the company's growth prospects and valuation. Consequently, transactions involving shares by a senior technical executive are closely monitored by analysts and investors.

Transaction Details: 2,854 Shares at $44.03 USD Each

The Form 4 filed with the SEC indicates that the transaction occurred on September 30, 2026. Ben-Avi David purchased 2,854 NYAX shares at a per-unit price of $44.03 USD. The total transaction value (2,854 × $44.03) amounts to $123,479 USD. Both the per-share price and the total value are distinct data points, as specified in the filing. No additional details, such as potential option exercises or stock purchase plans, are mentioned in the document.

Why Insiders Buy Their Own Shares – Possible Reasons

A company executive may choose to buy shares for various reasons. First, the acquisition might reflect personal confidence in the company's trajectory, particularly if the executive believes the current stock price undervalues growth prospects. Second, the purchase could fulfill a long-term incentive plan (LTIP) that involves option exercises or predetermined share purchases. It may also aim to diversify the executive's portfolio, prepare for tax planning, or secure liquidity for personal needs. Lastly, the act of buying shares doesn't necessarily send a definitive bullish signal, as motivations can be purely financial or tied to contractual requirements.

How Individual Investors Track Form 4 Filings

Form 4 filings are available on the SEC's official website through its EDGAR platform. Individual investors can access these documents for free by searching for the company name or ticker (NYAX) and filtering insider declarations. Free tools like OpenInsider, WhaleWisdom, or the "Insider Transactions" section on Yahoo Finance aggregate this data and offer personalized alerts. However, Form 4 filings only provide transaction facts (number of shares, price, date) and do not reveal underlying reasons. Investors should combine this information with fundamental analysis of the company and their own investment objectives.

In summary, the September 30, 2026, Form 4 filing shows that Nayax's CTO and co-founder, Ben-Avi David, purchased 2,854 shares at $44.03 each, totaling $123,479. This information, available on the SEC website (https://www.sec.gov/Archives/edgar/data/2000237/000197640826000873/0001976408-26-000873-index.htm), adheres to regulations requiring executives of publicly traded companies to report stock transactions within two business days. Individual investors can utilize these filings through EDGAR or aggregators, while remaining aware that purchase motivations are multifaceted and do not guarantee future stock price movements.