SEROUSSI YAIR 4

What Happened
Yair Seroussi, Vice Chairman of the Board of Enlight Renewable Energy (ENLT), exercised a total of 35,000 option-derived shares on May 7–8, 2026 (code M) at an effective exercise price of $23.22 per share (total cost $812,700). All 35,000 shares were disposed the same days: 9,462 shares were surrendered/retained to cover the exercise price and tax withholding (codes F) (value ≈ $855,597), and the remaining 25,538 shares were sold in the open market (codes S) for total gross proceeds of ≈ $2,309,686. In sum, shares disposed (withheld + market sales) equal the 35,000 shares exercised.

Key Details

• Transaction dates and prices:
  • May 7, 2026: exercised 30,744 shares @ $23.22 (acquired) and sold/withheld portions at $90.63.
  • May 8, 2026: exercised 4,256 shares @ $23.22 (acquired) and sold/withheld portions at $89.04.
• Shares exercised: 35,000; Shares sold on-market: 25,538; Shares withheld for exercise/taxes: 9,462.
• Proceeds/values:
  • Open-market sale proceeds ≈ $2,309,686.
  • Value of shares surrendered for exercise/tax ≈ $855,597.
  • Total value of shares disposed ≈ $3,165,283; total exercise cost ≈ $812,700.
• Notable footnotes:
  • F3: Company retained shares to cover the exercise price (share-withholding, not excess).
  • F1: Exercise price shown converted from NIS to USD.
• Filing timeliness: Form 4 filed May 11, 2026 for May 7–8 transactions; filing is timely under SEC two-business-day rule.

Context
This was a cashless-style outcome: options were exercised and all resulting shares were immediately used to satisfy exercise price/taxes or sold in the open market. Such transactions are common for option exercises and do not by themselves indicate an insider view on company prospects. Transaction codes: M = option exercise/conversion, F = shares surrendered for exercise price/tax withholding, S = open-market sale.