eToro (NASDAQ:
ETOR) filed a
registration statement with the U.S. Securities and Exchange Commission (SEC)
on Tuesday to register shares for its newly established employee share purchase
plan, following its recent public listing earlier this month.
At the same
time, the fintech ’s share price rebounded by 4.5% on Wall Street during
yesterday’s session, closing at $66.14. It marked the largest single-day gain
since last week’s IPO.
eToro Group Registers
Employee Share Purchase Plan with SEC
The British
Virgin Islands-incorporated eToro Group Ltd., which operates a social trading
and investment platform, submitted an S-8 registration statement dated May 20
to register shares under three employee benefit plans, including its 2025
Employee Share Purchase Plan (ESPP).
The filing
comes just days after eToro completed its initial public offering, with
its prospectus having been filed with the SEC on May 13, 2025, and
its shares beginning trading on May 15.
The 2025 ESPP
authorizes the issuance of 2,201,301 Class A common shares, with provisions for
potential annual increases through January 2035. Each January 1 beginning in
2026, the plan allows for additional shares equal to the lesser of 1% of
outstanding shares or a smaller number determined by the board.
“The
purpose of this Plan is to assist Eligible Employees of the Company and its
Designated Subsidiaries in acquiring a share ownership interest in the
Company,” the filing states.
eToro’s Employee Share
Purchase Plan Details
The plan
consists of two components: a Section 423 Component intended to qualify under
U.S. tax code, and a Non-Section 423 Component for international employees.
Eligible employees can contribute up to 20% of their compensation through
payroll deductions to purchase company shares at a discount.
According
to the plan documents, the purchase price will be at least 85% of the fair
market value of a share on either the enrollment date or purchase date,
whichever is lower.
The
company’s Chairman and CEO Jonathan Alexander Assia signed the registration
statement along with CFO Meron Shani and other board members.
The
company’s dual-class share structure grants Class B shares ten votes per share
compared to one vote for Class A shares, according to its corporate documents.
This structure allows founders and early investors to maintain control while
raising capital from public markets.
eToro Shares Rise 4.5%
During
Tuesday’s session, eToro’s share price rose by 4.5%, closing the day at $66.14,
despite modest declines in the Nasdaq 100 and S&P 500 indices. The stock is
rebounding after a higher-than-expected IPO valuation triggered quick
profit-taking last week, pushing the price down to $61.40 on Monday.
eToro,
however, is actively working to keep investors engaged. This week alone, the
platform launched
a recurring buy feature for stocks, ETFs, and crypto. A day earlier, it
introduced a
new savings service for clients in France. To support this offering, the
company opened a local branch and partnered with Generali.
eToro’s
Wall Street debut also caught the attention of well-known investors. Cathie
Wood’s Ark Invest purchased nearly $10 million worth of shares during the IPO,
which raised close to
$620 million in total.
eToro (NASDAQ:
ETOR) filed a
registration statement with the U.S. Securities and Exchange Commission (SEC)
on Tuesday to register shares for its newly established employee share purchase
plan, following its recent public listing earlier this month.
At the same
time, the fintech ’s share price rebounded by 4.5% on Wall Street during
yesterday’s session, closing at $66.14. It marked the largest single-day gain
since last week’s IPO.
eToro Group Registers
Employee Share Purchase Plan with SEC
The British
Virgin Islands-incorporated eToro Group Ltd., which operates a social trading
and investment platform, submitted an S-8 registration statement dated May 20
to register shares under three employee benefit plans, including its 2025
Employee Share Purchase Plan (ESPP).
The filing
comes just days after eToro completed its initial public offering, with
its prospectus having been filed with the SEC on May 13, 2025, and
its shares beginning trading on May 15.
The 2025 ESPP
authorizes the issuance of 2,201,301 Class A common shares, with provisions for
potential annual increases through January 2035. Each January 1 beginning in
2026, the plan allows for additional shares equal to the lesser of 1% of
outstanding shares or a smaller number determined by the board.
“The
purpose of this Plan is to assist Eligible Employees of the Company and its
Designated Subsidiaries in acquiring a share ownership interest in the
Company,” the filing states.
eToro’s Employee Share
Purchase Plan Details
The plan
consists of two components: a Section 423 Component intended to qualify under
U.S. tax code, and a Non-Section 423 Component for international employees.
Eligible employees can contribute up to 20% of their compensation through
payroll deductions to purchase company shares at a discount.
According
to the plan documents, the purchase price will be at least 85% of the fair
market value of a share on either the enrollment date or purchase date,
whichever is lower.
The
company’s Chairman and CEO Jonathan Alexander Assia signed the registration
statement along with CFO Meron Shani and other board members.
The
company’s dual-class share structure grants Class B shares ten votes per share
compared to one vote for Class A shares, according to its corporate documents.
This structure allows founders and early investors to maintain control while
raising capital from public markets.
eToro Shares Rise 4.5%
During
Tuesday’s session, eToro’s share price rose by 4.5%, closing the day at $66.14,
despite modest declines in the Nasdaq 100 and S&P 500 indices. The stock is
rebounding after a higher-than-expected IPO valuation triggered quick
profit-taking last week, pushing the price down to $61.40 on Monday.
eToro,
however, is actively working to keep investors engaged. This week alone, the
platform launched
a recurring buy feature for stocks, ETFs, and crypto. A day earlier, it
introduced a
new savings service for clients in France. To support this offering, the
company opened a local branch and partnered with Generali.
eToro’s
Wall Street debut also caught the attention of well-known investors. Cathie
Wood’s Ark Invest purchased nearly $10 million worth of shares during the IPO,
which raised close to
$620 million in total.
This post is originally published on FINANCEMAGNATES.
