Vered Yehuda 4

4 · ELBIT SYSTEMS LTD · Filed Apr 10, 2026

AI-generated summary of this filing

Updated Apr 10, 2026

Elbit Systems (ESLT) EVP Vered Yehuda Exercises Options, Sells Shares

What Happened

Vered Yehuda, Executive Vice President of Elbit Systems Ltd. (ESLT), exercised employee stock options and immediately sold most of the resulting shares on Apr 9, 2026.
He exercised options for 7,000 shares (recorded as acquired) at an effective exercise price that equated to $134.34 per share (total value of shares acquired: $940,380). To cover the exercise price/taxes, 1,047 shares were withheld (disposed) with an imputed value of $940,698. The remaining 5,953 shares were sold in the open market at $887.40 per share, generating proceeds of about $5,282,692.
This series of actions is a typical cashless exercise (exercise + share withholding + market sale) rather than a straight purchase.

Key Details

Transaction date: April 9, 2026. Form filed April 10, 2026 (timely).
Exercise: 7,000 options exercised (code M); Imputed acquisition value shown $940,380.
Withholding/tax/payment: 1,047 shares retained by the company to cover exercise price/taxes (code F), value reported $940,698.
Open-market sale: 5,953 shares sold at $887.40 each for $5,282,692 (code S).
Additional derivative line: 7,000 options also listed as disposed (code M, $0) reflecting conversion of the option into shares.
Shares owned after the reported transactions: not specified in the supplied filing excerpt.
Footnotes: options and resulting shares were held in trust (insider was sole beneficiary); amounts were converted from New Israeli Shekels using NIS 3.142 = $1; options vested in four tranches with the final 20% tranche vesting on Apr 7, 2026.

Context

Because shares were withheld to cover the exercise price/taxes and the balance sold immediately, this is effectively a cashless exercise rather than an outright buy as a bullish signal.
This is routine insider liquidity following option vesting; factual filing shows exercise, withholding, and open-market sale—no inference should be made about future company performance.

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+7,000$940,380→ 7,000 total(indirect: By Trust)
Tax Payment
Ordinary shares, par value 1.00 NIS per share
[F2][F3][F1]
2026-04-09$898.47/sh−1,047$940,698→ 5,953 total(indirect: By Trust)
Sale
Ordinary shares, par value 1.00 NIS per share
[F3][F1]
2026-04-09$887.40/sh−5,953$5,282,692→ 0 total(indirect: By Trust)
Exercise/Conversion
Employee Stock Option (right to buy)
[F4][F1]
2026-04-09−7,000→ 2,000 total(indirect: By Trust)
Exercise: $134.34Exp: 2027-07-07→ Ordinary Shares (7,000 underlying)

Footnotes (4)

[F1]Mr. Vered'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. Vered 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. Vered. 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