Zisapel Roy 4

What Happened Roy Zisapel, President, CEO and a director of Radware Ltd. (RDWR), was granted two equity awards on May 25, 2026: 201,314 performance-based restricted share units (PSUs/RSUs) and 250,946 derivative awards (stock options). Both grants show an acquisition price of $0.00 (no cash paid at grant). These are grants (not open-market purchases or sales) and will only convert to shares if specified vesting and performance conditions are met.

Key Details

• Transaction date: May 25, 2026; Form 4 filed May 27, 2026. Acquisition price: $0.00 for both awards.
• Award amounts: 201,314 PSUs; 250,946 stock options (derivative).
• PSU vesting: three equal installments no earlier than May 31, 2027, Jan 1, 2028 and Jan 1, 2029, subject to achieving average closing price targets for 30 consecutive trading days through Dec 31, 2028. Each PSU equals a contingent right to one ordinary share upon settlement. (Footnote F1)
• Option vesting: 81,241 options vest no earlier than May 31, 2027; 83,564 options no earlier than Jan 1, 2028; 86,141 options on Jan 1, 2029—each tranche subject to the same Vesting Criteria. (Footnote F2)
• Post-transaction beneficial ownership was not specified in the Form 4.
• Filing timeliness: Form 4 was filed on May 27, 2026 for the May 25, 2026 grant; no late-filing indication in the report.

Context These are performance-based grants tied to share price targets and time-based vesting dates, so they are contingent awards rather than immediate purchases or sales. For retail investors, such awards indicate management compensation incentives linked to stock performance, but they do not by themselves indicate immediate buying or selling pressure.