Haimovitz Lisa 4

What Happened
Lisa Haimovitz, Vice President and General Counsel of Enlight Renewable Energy Ltd. (ENLT), exercised stock options on May 27, 2026 to acquire 3,554 shares at an exercise price of $19.87 per share (total exercise cost ~$70,618). Of the shares issued, 747 were retained by the company to cover the exercise price/tax withholding (valued at ~$77,501). The remaining 2,807 shares were sold in an open-market transaction at $103.75 per share, generating gross sale proceeds of ~$291,226. This sequence (exercise + withholding + sale) is a cashless-style outcome: options were exercised and most shares were immediately sold.

Key Details

• Transaction date: May 27, 2026. Form filed May 28, 2026 (timely filing).
• Exercise: 3,554 shares acquired @ $19.87/share = ~$70,618 (exercise price converted from NIS 61.52 using Bank of Israel rate).
• Withholding (tax/exercise payment): 747 shares retained by the company @ $103.75/share = ~$77,501.
• Open-market sale: 2,807 shares sold @ $103.75/share = ~$291,226 (transaction price converted from NIS 296.61).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Relevant footnotes: F1/F4 show NIS→USD conversion rates used; F3 confirms shares were retained by the company to cover the exercise price (not in excess); F2 and F5 describe related RSU and option grant/vesting schedules.

Context

• These entries reflect an option exercise followed by immediate sale of most acquired shares (a common way for insiders to realize option gains). The withholding of shares to cover exercise/taxes indicates a net settlement element rather than an outright gift or separate cash payment.
• The filing does not indicate a 10% ownership change or a 10b5-1 plan; no late-filing flag is shown.
• For retail investors: purchases can signal insider confidence, while exercises followed by sales are often routine liquidity events and do not by themselves indicate a change in the insider’s view of the company.