# Trustee Services for TASE & ISA Requirements — Lock-Up & Insider Trusts | Psagot Equity

> Three trustee services for public-company life: the mandatory post-IPO lock-up, the ISA safe-harbor plan, and the blind trust. Executed in-group.

Canonical: https://psagotequity.co.il/tase-insider-trustee

## The trustee that lets insiders trade by the book.

Three trustee services for public companies and their shareholders: the mandatory post-IPO lock-up, the blind trust, and the safe-harbor plan that lets insiders buy or sell while protected from inside-information exposure. Eligible by structure, a trust company that is the sister of a TASE member, and executed in-group on the exchange.

[Talk to an expert](https://psagotequity.co.il/contact)

### Trustee services for public-company life.

#### Mandatory post-IPO lock-up

Set up fast, in time for your listing.

We establish trusts for holders subject to lock-up requirements, according to the offering documents and applicable rules. Preparation includes opening trust accounts and completing the required documents and approvals before listing. Lock-up periods and release conditions depend on the type of holder and the rules that apply.

- Set up quickly, in time for the listing date

- Release restrictions matched to the holder and applicable offering documents

- Sales and reporting subject to the applicable lock-up arrangement

#### The safe-harbor plan

Buy or sell on a pre-committed plan. Protected.

Under ISA Position 101-18, an insider can adopt a pre-arranged written trading plan specifying quantities, prices and dates or a formula. Execution after the cooling-off period is subject to the arrangement’s conditions and applicable law. The plan can cover purchases or sales, and its protection depends on meeting all relevant conditions.

- Written plan: amounts, prices, dates or a formula, subject to applicable conditions

- Cooling-off period observed before execution begins

- Covers insider purchases and sales alike

#### The blind trust

Hand the decisions over entirely.

The alternative route, under Securities Law §52ז: the insider hands full discretion to the trustee and is walled off from the specifics. The trustee decides what, when and how much to trade; the insider sees only aggregate value and result. Trading while detached from the decisions is what removes the inside-information link.

- Full execution discretion held by the trustee

- Information barrier: only aggregate figures shared back

- Blind trust under the applicable arrangement

#### Eligible by structure

Not every trustee qualifies. We do.

The rules name a closed list of who may serve, and a trust company that is the sister of a stock-exchange member is on it. That is exactly our structure: Psagot Equity Trusts alongside Psagot Securities, a TASE member. Execution runs in-group, on the exchange, with the trustee named in the prospectus.

- A trust company sister to a TASE member: on the eligible list

- In-group execution, no external broker

- Trustee named in the prospectus, as required

### From engagement to close.

#### Engagement signed.

Before the listing or before the plan starts, the holder signs with Psagot Equity, defining the shares, the mechanism, and an irrevocable power of attorney where the structure requires it.

#### Shares or funds deposited, as required for the relevant service.

Blocked shares, or the funds and instructions for a safe-harbor plan, are deposited with the trustee. Voting arrangements and any required confirmations to TASE follow the applicable offering documents and lock-up terms.

#### Executed by the book.

Lock-up releases on the staged schedule; safe-harbor and blind-trust trades executed on the exchange with the insider detached from timing and price; everything reported.

#### Closed and reported.

On completion, remaining shares move to the holder’s account, statements are issued, and the trust is closed with the required notifications filed.

### Common questions

Direct answers on TASE and ISA trustee services.

[Talk to an expert](https://psagotequity.co.il/contact)

### Related trust services

#### M&A Paying Agent & Escrow

Independent paying agent and escrow, native to Israeli law.

[See more — M&A Paying Agent & Escrow](https://psagotequity.co.il/ma-paying-agent-israel)

#### 102 Trustee

Section 102 trustee services, run right from first grant to exit.

[See more — 102 Trustee](https://psagotequity.co.il/section-102-esop-trustee)

#### Restructuring

Tax-deferred restructuring under Sections 103, 104 and 104H of the Israeli Income Tax Ordinance.

[See more — Restructuring](https://psagotequity.co.il/restructuring-trustee-103-104)

### Going public, or holding shares as an insider? Get the trustee in place early. Talk to our team. We move at deal speed.

[Talk to an expert](https://psagotequity.co.il/contact)

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