Test Level Software program Applied sciences Ltd. (Nasdaq: CHKP) government 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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Because of this throughout the third quarter, Shwed bought simply over 1,000,000 Test Level shares. On the common worth 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 worth within the quarter, the sale would have been about $235 million. On the finish of the third quarter, Shwed held about 26.8 million Test Level shares, whose present worth on Nasdaq is $5.2 billion. Test Level is traded at a market cap of $20.8 billion.
Shwed served as Test Level CEO till final December, when he was succeeded by Nadav Zafrir, with Shwed turning into government chairman. Up to now few years, Shwed has acquired nearly solely fairness compensation from Test Level, so the quantity 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 price was $14.4 million, a lower from earlier years during which he acquired 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.
