Haimovitz Lisa 4
4 · Enlight Renewable Energy Ltd. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Enlight (ENLT) VP Lisa Haimovitz Exercises Options, Sells Shares
What Happened
Lisa Haimovitz, Vice President and General Counsel of Enlight Renewable Energy (ENLT), exercised 435 stock options on May 14, 2026 (exercise price $19.87 per share, total cash needed $8,643) and immediately disposed of the resulting shares. Of the 435 shares from the exercise, 100 shares were retained by the company to cover the exercise price/tax obligations (value shown as $9,239) and 335 shares were sold in the open market at $92.39 each, generating $30,951. A derivative entry reports the option conversion/termination related to the exercise.
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 18, 2026.
- Exercise: 435 shares at $19.87 per share (exercise cost ≈ $8,643). (Footnote F1: exercise price converted from NIS 61.52 using BOI rate on 3/18/2026.)
- Withholding: 100 shares retained by the company to cover exercise price/taxes (reported disposal value $9,239). (Footnote F3: retained shares were not in excess of the amount due.)
- Open-market sale: 335 shares sold at $92.39 per share, proceeds $30,951. (Footnote F4: sale price converted from NIS 268.67 using BOI rate.)
- Derivative reporting: a corresponding derivative entry shows the options were converted/terminated on exercise (code M).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Related equity awards and vesting: filing notes prior RSU and option grants and vesting schedules (Footnotes F2, F5).
Context
This is effectively a cashless exercise / sell-to-cover: Haimovitz exercised vested options and used a portion of the issued shares to cover exercise/tax obligations while selling the remainder in the open market. Such transactions are common when insiders exercise vested options and do not necessarily indicate a change in their longer-term view of the company. The filing provides currency conversion details and vesting schedules for related awards.
Insider Transaction Report
- Exercise/Conversion
Ordinary shares, NIS 0.1 par value per share
[F1][F2]2026-05-14$19.87/sh+435$8,643→ 13,461 total - Tax Payment
Ordinary shares, NIS 0.1 par value per share
[F3][F4][F2]2026-05-14$92.39/sh−100$9,239→ 13,361 total - Sale
Ordinary shares, NIS 0.1 par value per share
[F4][F2]2026-05-14$92.39/sh−335$30,951→ 13,026 total - Exercise/Conversion
Stock Options (right to buy)
[F1][F5]2026-05-14−435→ 68,608 totalExercise: $19.87Exp: 2028-09-30→ Ordinary shares, NIS 0.1 par value per share (435 underlying)
Footnotes (5)
- [F1]Represents an exercise price of NIS 61.52, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026.
- [F2]Includes 6,513 restricted share units granted on April 21, 2024, with 3,256 vesting on April 24, 2027 and 3,257 vesting on April 24, 2028. Each restricted share unit represents a contingent right to receive one ordinary share of the Company.
- [F3]These shares were retained by the Company in payment of the exercise price of the employee stock options exercised by the Reporting Person. The amount retained by the Company was not in excess of the amount of the exercise price.
- [F4]Represents a transaction price of NIS 268.67, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.908 as of the date immediately preceding the date of the transaction.
- [F5]Stock options were granted on April 24, 2023, with 46,108 having vested on April 24, 2026 and 22,500 vesting on April 24, 2027.