Goren Ilan 4

What Happened

• Ilan Goren, General Manager of Enlight US, exercised 35,286 stock options on 2026-05-27 (exercise cost reported as $23.22/share; total exercise cost ≈ $819,341) and immediately disposed of the resulting shares.
• Of the 35,286 shares acquired, 8,664 were retained/withheld by the company to cover the exercise price and tax liability (valued at $103.76/share, ≈ $898,977). The remaining 26,622 shares were sold in the open market at $103.76/share, generating proceeds of ≈ $2,762,299.
• The filing also reports the related derivative conversion entry (exercise/conversion) for the 35,286 shares.

Key Details

• Transaction date: 2026-05-27; Form 4 filed 2026-05-28 (timely filing).
• Exercise: 35,286 shares at $23.22/share = $819,341 (code M).
• Withholding/payment: 8,664 shares withheld at $103.76/share = $898,977 (code F; company retained shares to cover exercise/tax).
• Open-market sale: 26,622 shares at $103.76/share = $2,762,299 (code S).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Notable footnotes: withholding/retention by the company to cover exercise/taxes (F3); dollar amounts converted from NIS using Bank of Israel rates (F1, F4); vesting/grant schedules for options and RSUs are disclosed in the filing (F2, F5, F7, F10).
• No indication this was a scheduled 10b5-1 plan or a late filing.

Context

• This was a cashless-style outcome: options were exercised and enough shares were withheld/sold to satisfy the exercise price and tax withholding; the net result was an open-market sale of 26,622 shares.
• Such transactions are common for insiders to realize value from vested options and to cover tax/Exercise costs; they do not by themselves indicate the insider’s broader view of the company.