Three senior executives at Plus500 sold a combined 1.5 million shares to Goldman Sachs International on Monday for approximately £67.17 million.
CEO David Zruia, CFO Elad Even-Chen and CMO Nir Zats sold the shares at £44.78 each, representing roughly 2.14% of Plus500’s issued share capital. The transaction was intermediated by broker Panmure Liberum.
Plus500’s share price fell as much as 10% on the morning of the sale before trading stabilising at around £4.43.
The three executives have agreed to a 365-day lock-in period during which they will not sell any further shares, subject to waiver by Panmure Liberum.
Who sold what
Even-Chen accounted for the largest portion of the sale, disposing of 940,000 shares, or 1.34% of shares outstanding. Zruia sold 450,792 shares (0.64%) and Zats sold 109,208 shares (0.16%).
Both the CEO and CFO now hold identical stakes of 1,298,468 shares each, giving them 1.85% of the company apiece. Zats retains 131,316 shares, a 0.19% stake. Together, the executives still hold 3.89% of the company.
Plus500 was not a party to the transaction and received no proceeds from the sale.
Strong performance preceded the sale
The disposal followed gains for Plus500 shares, which had risen more than 200% since 2024 and between 55% and 65% over the prior 12 months.
The company reported record results for 2025, with total revenue of $792.4 million, up from $768.3 million the previous year, and EBITDA of $348 million. Cash on the balance sheet stood at approximately $800 million as of 31 December 2025.
Plus500 has also been expanding beyond its core contracts-for-difference business, entering the US prediction markets space, acquiring Mehta Equities in India for $20 million and buying an Indonesian broker. Non-OTC revenue crossed $100 million in 2025.
One day before the executive share sale, Plus500 announced a new share buyback programme worth up to $100 million, part of a broader $187.5 million shareholder return package tied to its annual results.
Major institutional shareholders include BlackRock at around 6%, JPMorgan Chase at 5.1%, Artemis Investment Management and Capital Group each above 5%.
