Max Stock Ltd. — Director's Dealing 2025

Dec 7, 2025

MAX STOCK LTD.

Company Number in the Registrar: 513618967

To:

• Israel Securities Authority (www.isa.gov.il)
• Tel Aviv Stock Exchange Ltd. (www.tase.co.il)

Form T076 (Public)

Date sent via Magna: 07/12/2025

Reference: 2025-01-097238

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended to report a change in holdings of the securities of the reporting corporation only. To report a change in holdings of securities of a held company if its activity is material to the activity of the reporting corporation, use Form T121.

1. Holder Details

Name of Entity / Last Name and First Name of Holder: Dagan Nir

Identification Type: ID Number Holder's ID Number: 043376904

Type of Holder: Senior officer who is not CEO or director, and is not an interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or representative on the company's board? _________

Is the holder acting as a representative for reporting of a number of shareholders holding together with him securities

of the corporation? No

Name of controlling shareholder of the interested party: -

Identification number of the controlling shareholder of the interested party: -

Citizenship / Country of Incorporation or Registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _________

Security number on the stock exchange: 1171263

Name and type of the security: MAX STOCK Opt2020 Warrant for share

Nature of change: Decrease, Other Explanation: Exercise of warrants

Is this a single transaction or multiple transactions (accumulated change): Single transaction

Date of change: 04/12/2025 Transaction rate: 123.45

Currency: agorot

Are they dormant shares or securities convertible to dormant shares? No

Balance (in number of securities) in last report: 13,987

Holding percentage of total securities of the same type in last report: 1.45%

Change in quantity of securities: -2,000

Current balance (number of securities): 11,987

Current holding percentage of total securities of the same type: 1.25%

Holding percentage after the change:

In equity: 0%

In voting rights: 0%

Explanation: The holding percentage after the change does not take into account convertible securities.

Holding percentage after the change in full dilution:

In equity: 0.01%

In voting rights: 0.01%

Note: Purchase or sale of shares on the stock exchange via a matched transaction, as defined in the third part of the stock exchange bylaw, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was performed this way.

2. Holder Details

Name of Entity / Last Name and First Name of Holder: Dagan Nir

Identification Type: ID Number Holder's ID Number: 043376904

Type of Holder: Senior officer who is not CEO or director, and is not an interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or representative on the company's board? _________

Is the holder acting as a representative for reporting of a number of shareholders holding together with him securities

of the corporation? No

Name of controlling shareholder of the interested party: -

Identification number of the controlling shareholder of the interested party: -

Citizenship / Country of Incorporation or Registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _________

Security number on the stock exchange: 1168558

Name and type of the security: MAX STOCK Ordinary Share

Nature of change: Increase, Other Explanation: Exercise of warrants

Is this a single transaction or multiple transactions (accumulated change): Single transaction

Date of change: 04/12/2025 Transaction rate: 2,400

Currency: agorot

Are they dormant shares or securities convertible to dormant shares? No

Balance (in number of securities) in last report: 0

Holding percentage of total securities of the same type in last report: 0%

Change in quantity of securities: +1,898 Current balance (number of securities): 1,898

Current holding percentage of total securities of the same type: 0%

Holding percentage after the change:

In equity: 0%

In voting rights: 0%

Explanation: The holding percentage after the change does not take into account convertible securities.

Holding percentage after the change in full dilution:

In equity: 0.01%

In voting rights: 0.01%

Note: Purchase or sale of shares on the stock exchange via a matched transaction, as defined in the third part of the stock exchange bylaw, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was performed this way.

3. Holder Details

Name of Entity / Last Name and First Name of Holder: Dagan Nir

Identification Type: ID Number Holder's ID Number: 043376904

Type of Holder: Senior officer who is not CEO or director, and is not an interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or representative on the company's board? _________

Is the holder acting as a representative for reporting of a number of shareholders holding together with him securities

of the corporation? No

Name of controlling shareholder of the interested party: -

Identification number of the controlling shareholder of the interested party: -

Citizenship / Country of Incorporation or Registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _________

Security number on the stock exchange: 1168558

Name and type of the security: MAX STOCK Ordinary Share

Nature of change: Decrease, Other

Explanation: Due to sale on the stock exchange

Is this a single transaction or multiple transactions (accumulated change): Single transaction

Date of change: 04/12/2025 Transaction rate: 2,400

Currency: agorot

Are they dormant shares or securities convertible to dormant shares? No

Balance (in number of securities) in last report: 1,898

Holding percentage of total securities of the same type in last report: 0%

Change in quantity of securities: -1,898 Current balance (number of securities): 0

Current holding percentage of total securities of the same type: 0%

Holding percentage after the change:

In equity: 0%

In voting rights: 0%

Explanation: The holding percentage after the change does not take into account convertible securities.

Holding percentage after the change in full dilution:

In equity: 0.01%

In voting rights: 0.01%

Note: Purchase or sale of shares on the stock exchange via a matched transaction, as defined in the third part of the stock exchange bylaw, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was performed this way.

Note: If the value 'increase' is chosen due to a forced purchase of loaned securities or the value 'decrease' due to a forced sale of loaned securities, then loaned securities that were not returned to the lender and therefore the loaning action became a forced purchase and the lending an action of forced sale.

Additional Information

_________

1. Was the entire consideration paid at the date of the change? Yes

If not all the consideration was paid at the date of change, please specify completion date: _________

1. If the change is by signing a loan agreement, please specify details regarding the way the loan is concluded:

Explanation: Please indicate holding percentages taking into account all the securities held by the interested party.

• 1. The date and time the corporation first became aware of the event or matter: 04/12/2025 at 18:13
• 1. Details of actions that caused the change: _________

Details of authorized signatories for the corporation:

No.	Name	Role
1	Yifat Nir Katz	Other - EVP, Chief Legal Advisor, and Company Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), ^a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.

Previous names of reporting entity: MAX Management Israel Ltd.

Securities of the corporation are registered for trading on the Tel Aviv Stock Exchange

Date of form structure update: 04/02/2025

Short name: MAX STOCK

Address: Hashita 16, P.O. Box 3594, Caesarea, 3089900

Phone: 073-7695176

Fax: 04-8241792

Email: ifat@maxstock.co.il

Company website: www.maxstock.co.il

Previous names of the reporting entity: MAX Management Israel Ltd.

Electronic reporting name: Katz Yifat

Position: Legal Advisor and Company Secretary

Employer company name:

Address: Hashita 16, Caesarea, 3088900

Phone: 054-4909365

Fax: 04-8241792

Email: ifat@maxstock.co.il

All terms use the following translations from the provided glossary:

• bonds government = אגח ממשלתי
• balance outstanding = סדרה בלתי מסולקת
• shareholder controlling = בעל שליטה
• shareholders controlling = בעלי שליטה
• regarding = בק"ע
• papers commercial = נע"מ
• value par = ע.נ
• securities/security = ני"ע
• warrant' = אופ
• warrants = אופציות
• results' = תוצ
• partnership' = שות
• טכנו = 'technology/technologies
• dividend = דיב
• agorot' = אג
• unit Participating = יה"ש
• BONDS = אג"ח
• BONDS = אגרות החוב
• officers/officer = נ. משרה
• outstanding = בלתי מסולקת
• series original = סדרה מקורית
• accountants/accountant = רו"ח
• UP TASE = מערכת רצף מוסדי

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