SEROUSSI YAIR 4

What Happened

• Yair Seroussi, Vice Chairman of the Board of Enlight Renewable Energy (ENLT), exercised 20,000 derivative awards on May 25, 2026 (5,000 + 15,000 at $23.22) for a total exercise cost of $464,400.
• Immediately following the exercises he disposed of the exercised shares: 14,372 shares were sold in open-market transactions (3,593 @ $94.24 and 10,779 @ $93.04) generating $1,341,482 in proceeds. An additional 5,628 shares (1,407 + 4,221) were retained/withheld to cover the exercise price and tax liability, valued at $525,318.
• The net result: 20,000 shares were acquired by exercise and 20,000 shares were disposed (combination of market sales and tax/exercise withholding). Two additional derivative entries showing 5,000 and 15,000 shares at $0.00 are included in the filing for informational purposes.

Key Details

• Transaction date: May 25, 2026; Form 4 filed May 26, 2026 (filing flagged as late).
• Exercise price(s): $23.22 per share (conversion from NIS per footnote F1).
• Open-market sales: 3,593 shares @ $94.24 = $338,604; 10,779 shares @ $93.04 = $1,002,878.
• Shares withheld for taxes/exercise: 1,407 @ $94.24 = $132,596; 4,221 @ $93.04 = $392,722.
• Total proceeds from open-market sales: $1,341,482. Total value of shares withheld to cover taxes/exercise: $525,318. Total exercise cost: $464,400.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: F1 (NIS→USD conversion), F3 (company retained shares to pay exercise price), F9 (some derivative entries included for informational purposes), F2/F10 (existence of RSU/PSU programs described elsewhere in the filing).

Context

• This was an option exercise followed by immediate dispositions — a common cashless or partially cashless exercise structure where some shares are sold to cover exercise costs and taxes. Such transactions are routine for option-bearing insiders and do not by themselves indicate a change in company outlook.
• The filing was flagged late (L), which affects timeliness/transparency but does not change the reported economic details.