Carr Meron 4

What Happened
Carr Meron, SVP, Strategic Projects at Enlight Renewable Energy (ENLT), exercised stock options on May 27–28, 2026 and immediately sold the resulting shares in a cashless sell-to-cover. He exercised 8,500 options (4,075 on 5/27 and 4,425 on 5/28) at an exercise price of $23.22 per share (total exercise cost ≈ $197,371). Of the 8,500 shares issued on exercise, 6,403 shares were sold in the open market (3,074 on 5/27 at $103.88 and 3,329 on 5/28 at $103.44) for total proceeds of $663,679, and 2,097 shares were retained/withheld by the company to satisfy exercise price/tax withholding (value reported ≈ $217,354). Total proceeds/dispositions reported ≈ $881,033. Net effect: acquired 8,500 shares and disposed of 8,500 shares (no net increase in shares beneficially owned).

Key Details

• Transaction dates: May 27, 2026 and May 28, 2026. Form 4 filed May 28, 2026 (timely filing).
• Exercise details: 8,500 options exercised at $23.22 per share (total exercise cost ≈ $197,371). (See footnotes for local-currency conversion.)
• Sales/withholding: 6,403 shares sold in open market for $103.88 and $103.44; 2,097 shares withheld/retained by the company for exercise/tax obligations. Total disposals ≈ $881,033.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: company retained shares to pay exercise/tax (sell-to-cover; footnote F3); prices and exercise amounts reflect conversions from NIS using Bank of Israel rates (see F1, F4, F5, F7); vesting/grant details for awards/options are noted in the filing (F2, F6, F8).
• Transaction codes: M = option exercise, S = open-market sale, F = payment/tax withholding.

Context
This was a cashless exercise with immediate sales to cover exercise costs and taxes — a routine way for insiders to monetize vested options without adding or reducing their net position (here, net change = 0 shares). Such transactions commonly reflect liquidity actions rather than an explicit bullish or bearish signal about the company.