Sabag Oren Yaacov 4

4 · ELBIT SYSTEMS LTD · Filed Apr 10, 2026

AI-generated summary of this filing

Updated Apr 10, 2026

Elbit Systems (ESLT) EVP Oren Sabag Exercises Options and Sells Shares

What Happened

Oren Sabag, Executive Vice President of Elbit Systems Ltd. (ESLT), exercised 10,000 stock options on April 9, 2026. The exercise resulted in acquisition of 10,000 shares (derivatives converted).
To cover exercise cost and related tax withholding, 1,496 of the resulting shares were surrendered/retained by the company (reported as a disposition) valued at $898.47 per share (total $1,344,111).
The remaining 8,504 shares were sold in an open-market transaction at $887.40 per share for gross proceeds of $7,546,450. The exercise consideration recorded was $1,343,400 (10,000 shares at $134.34).

Key Details

Transaction date: April 9, 2026; filing date: April 10, 2026 (filed next day).
Exercise: 10,000 options exercised (M); company record shows conversion of the derivative to shares.
Withholding/tax payment: 1,496 shares retained by company as payment of exercise price/taxes (F2).
Open-market sale: 8,504 shares sold at $887.40/share for $7,546,450 (S).
Currency note: transaction amounts were paid in New Israeli Shekel; a conversion rate of NIS 3.142 = $1.00 was used for USD reporting (F3).
Vesting: the options vested in four tranches (40% 4/7/2023; 20% 4/7/2024; 20% 4/7/2025; 20% 4/7/2026) (F4).
Shares owned after the transactions: not provided in the excerpt of the filing.

Context

This was a routine option exercise followed by a cashless-type settlement: shares were withheld by the company to cover the exercise/tax obligations and the remainder was sold in the open market. Such transactions are commonly used to cover exercise costs and taxes and do not, by themselves, indicate a change in the insider’s long-term view.

Form 4

Period: 2026-04-09

Executive Vice President

Transactions

Exercise/Conversion
Ordinary shares, par value 1.00 NIS per share
[F1]
2026-04-09$134.34/sh+10,000$1,343,400→ 10,000 total(indirect: By Trust)
Tax Payment
Ordinary shares, par value 1.00 NIS per share
[F2][F3][F1]
2026-04-09$898.47/sh−1,496$1,344,111→ 8,504 total(indirect: By Trust)
Sale
Ordinary shares, par value 1.00 NIS per share
[F3][F1]
2026-04-09$887.40/sh−8,504$7,546,450→ 0 total(indirect: By Trust)
Exercise/Conversion
Employee Stock Option (right to buy)
[F4][F1]
2026-04-09−10,000→ 0 total(indirect: By Trust)
Exercise: $134.34Exp: 2027-07-07→ Ordinary Shares (10,000 underlying)

Footnotes (4)

[F1]Mr. Sabag's options and the shares resulting from any exercise of those options were held in trust in accordance with the terms of his award agreement and the plan under which they were granted. Mr. Sabag was the sole beneficiary of the options.
[F2]These shares were retained by the Company in payment of the exercise price of the employee stock options exercised by Mr. Sabag. The amount retained by the Company was not in excess of the amount of the exercise price.
[F3]The price was paid in New Israeli Shekel. For purposes of this Form 4, a conversion rate of NIS 3.142 for each USD $1.00 was used, which was the closing foreign exchange rate on the date immediately preceding the date of the transaction.
[F4]These options vested and became exercisable in four tranches: 40% on April 7, 2023, 20% on April 7, 2024, 20% on April 7, 2025 and 20% on April 7, 2026.

Signature

/s/ Adi Pinchas Confino, Attorney-in-Fact|2026-04-10

1 file