Nayax's CTO and Co-Founder Sold Nearly 30,000 Company Shares for $2.2 Million. Should Investors Worry?
Written by Robert Izquierdo for The Motley Fool -> David Ben-Avi sold 28,770 shares sold for a total of ~$2.18 million across two open-market transactions on May 28 and May 29, 2026. The sale reduced Ben-Avi’s directly-held Common Stock to 6,589,134 shares, representing a 0.4%
David Ben-Avi sold 28,770 shares sold for a total of ~$2.18 million across two open-market transactions on May 28 and May 29, 2026.
The sale reduced Ben-Avi’s directly-held Common Stock to 6,589,134 shares, representing a 0.4% reduction in his direct holdings.
All shares sold were held directly, with no indirect or derivative participation disclosed in this filing.
David Ben-Avi, Chief Technology Officer and co-founder, reported the sale of 28,770 shares of Nayax Ltd. (NASDAQ:NYAX) in multiple open-market transactions on May 28, 2026 and May 29, 2026, according to an SEC Form 4 filing .
Transaction and post-transaction values based on SEC Form 4 weighted average reported price ($75.83).
Nayax Ltd. is a global fintech company specializing in integrated payment and management solutions for the unattended retail sector. The company leverages its proprietary hardware and software platforms to enable seamless cashless transactions and remote machine management across diverse industries.
The May 28 and 29 dispositions of Nayax stock by company CTO David Ben-Avi came at a time when shares were skyrocketing. The stock hit a 52-week high of $76.86 on the day of Ben-Avi’s May 29 sale.
Given the rising share price, it makes sense the Nayax co-founder would sell some of his stake. That said, he retained 6.6 million shares after the transaction, showing that he maintains substantial equity in the company. Consequently, Ben-Avi’s dispositions do not look like a cause for investor concern.
