Wave of option exercises on the TASE: Vote of confidence in IMAD, C.A. Systems allocation, and technical moves in More Investment House, Issta, Max Stock, G1, and PCB

Wave of option exercises on the TASE: Vote of confidence in IMAD, C.A. Systems allocation, and technical moves in More Investment House, Issta, Max Stock, G1, and PCB

A new filing from Multi Retail (Max Stock) regarding another negligible option exercise expands the wave of technical actions on the TASE, while substantive activity centers on capital injections by insiders in IMAD Infinity and a broad employee option allocation at C.A.

A new filing reveals another technical option exercise at Multi Retail (Max Stock), joining a long list of companies with similar activity, including I.D. More Investments, Issta, G1, and PCB. Concurrently, option exercises totaling approximately ₪536,000 by insiders in the R&D partnership IMAD Infinity stood out, alongside the allocation of 204,000 options to employees at C.A. Systems.

A wave of activity in convertible securities by insiders, employees, and investors continues on the Tel Aviv Stock Exchange, as a new filing from Multi Retail Group (the parent company of Max Stock) joins a series of technical exercises. While the medical device R&D partnership IMAD Infinity remained in focus with significant expressions of confidence from insiders, and C.A. Systems executed a broad employee option allocation, a series of companies—including G1, PCB, and now also Multi Retail on an expanded scale—are reporting small-scale exercises, painting a picture of diverse activity ranging from active investment to routine administrative moves.

### IMAD Infinity: Insiders continue to increase exposure
The most substantive activity was recorded in the medical device R&D partnership, IMAD Infinity, where two insiders injected over half a million shekels into its coffers through option exercises (2026-01-089260). The prominent action was by Yitzhak Menachem Sultan, who exercised 440,000 options for ₪396,000 and substantially increased his holding. He was preceded by another insider, Yehoshua Abramovitz, who exercised 155,336.5 options for approximately ₪139,803. Both exercises, carried out within the framework of an option series issued to the public, represent a clear vote of confidence in the partnership and increase its participation units capital by approximately 800,000 units.

### C.A. Systems: Employee compensation package
Electro-optics company C.A. Systems reported a move that differed in nature but was significant in scope (2026-01-089937). On October 4, the company allocated 204,000 non-marketable options to employees via a trustee (IBI Capital Trusts). The options are exercisable over a period of 10 years and are part of an employee compensation program designed to incentivize and retain them. It is important to note that this does not constitute a cash investment by the employees at this stage, but rather the granting of a future right. The exercise itself is expected to be executed via a "Cashless" mechanism, where employees will receive shares equal to the net benefit value, without needing to pay the exercise price. This move, while entailing potential future dilution for existing shareholders, signals the importance of human capital to the company's management.

### Technical activity in More, Issta, Max Stock, G1, PCB, and others
On the other side of the scale, a number of companies reported negligible-scale exercises that appear to be primarily technical in nature.