SEROUSSI YAIR 4

What Happened

• Yair Seroussi, Vice Chairman of Enlight Renewable Energy Ltd. (ENLT), exercised 16,000 option/derivative-based awards on 2026-05-28 (cost $23.22/share, total $371,520). All 16,000 resulting shares were issued; 3,964 were retained by the company to cover the exercise price/tax withholding (value $405,279) and 12,036 shares were sold in an open-market sale at $102.24/share for proceeds of $1,230,561. The filing also lists a related derivative conversion entry at $0.00, reflecting issuance/conversion mechanics.

Key Details

• Transaction date: May 28, 2026. Form 4 filed June 1, 2026 (timely within the 2-business-day requirement).
• Exercise: 16,000 shares @ $23.22 = $371,520 (exercise price reported in NIS 71.89, converted to USD; footnote F1).
• Withholding: 3,964 shares retained by the company @ $102.24 = $405,279 to cover exercise/taxes (footnote F3).
• Open-market sale: 12,036 shares @ $102.24 = $1,230,561 (sale price reported in NIS 290.35, converted to USD; footnote F4).
• Shares owned after the transactions are not specified in the provided excerpt of the filing.
• Relevant footnotes: conversion rates for NIS→USD (F1, F4), withholding mechanics (F3), and details on outstanding/contingent awards (RSUs/PSUs and option grants referenced in F2, F5, F7, F9). Some derivative/award entries are informational per the filing (F8).

Context

• This was effectively a cashless exercise: options were exercised and the company withheld shares to cover the exercise price/taxes, with the remaining shares sold in the open market. That pattern is common for executives monetizing vested option value and does not by itself imply a change in view on the company.
• For retail investors, purchases by insiders can be more informative than routine exercises/sales; in this case the activity mostly monetized gains from vested options rather than indicating a fresh insider buy.