Vered Yehuda 4

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.