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Enlight Renewable Energy Ltd.·4

May 27, 6:02 AM ET

Haimovitz Lisa 4

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Enlight Renewable (ENLT) VP/GC Lisa Haimovitz Exercises Options, Sells Shares

What Happened
Lisa Haimovitz, Vice President and General Counsel of Enlight Renewable Energy (ENLT), exercised a total of 14,000 stock options (7,000 on 2026-05-25 and 7,000 on 2026-05-26) at an exercise price of $19.87 per share (total exercise cost ~$278,180). To cover the exercise/tax obligations the company withheld 3,249 shares (1,685 on 5/25 and 1,564 on 5/26) valued at about $313,425. The remaining 10,751 shares were sold in open-market transactions (5,315 shares on 5/25 and 5,436 shares on 5/26) for combined proceeds of approximately $1,038,555.

Key Details

  • Transaction dates and prices:
    • 2026-05-25: Exercised 7,000 options @ $19.87 (acquired); 1,685 shares withheld @ $93.84; 5,315 shares sold @ $93.84.
    • 2026-05-26: Exercised 7,000 options @ $19.87 (acquired); 1,564 shares withheld @ $99.30; 5,436 shares sold @ $99.30.
    • The filing also shows related derivative entries (7,000 shares at $0.00) reflecting conversion/extinguishment of the derivative securities.
  • Aggregate activity: 14,000 options exercised; 3,249 shares withheld to cover exercise/taxes; 10,751 shares sold for ~ $1.04M.
  • Shares owned after transaction: not specified in this filing.
  • Notable footnotes: exercise price converted from NIS to USD (F1); some shares were retained by the company to cover exercise/taxes (F3); related option grant/vesting details noted (options granted 4/24/2023 with major vesting on 4/24/2026 per F6); restricted share unit grants and future vesting also disclosed (F2).
  • Filing timeliness: Report filed 2026-05-27 for transactions on 2026-05-25 and 5/26; appears to have been filed within the usual two-business-day window.

Context
This was a cashless exercise / sell-to-cover transaction: Haimovitz exercised vested options, had a portion of the shares withheld to satisfy exercise price/tax obligations, and sold the remainder in the open market. Such exercises and sell-to-cover transactions are common for employees and executives converting option holdings into cash; they are routine and do not by themselves indicate a change in company outlook.