Cohen Israeli Ayelet 4
4 · Enlight Renewable Energy Ltd. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Enlight (ENLT) VP Ayelet Cohen Israeli Sells Shares & Exercises Options
What Happened Ayelet Cohen Israeli, VP of Operations at Enlight Renewable Energy (ENLT), conducted multiple transactions on June 1, 2026. She sold a total of 10,123 ordinary shares in open-market transactions at $108.50 per share (proceeds ≈ $1,098,346). She also exercised options and acquired 9,000 shares at an exercise price that converts to $23.22 per share (cost ≈ $208,980). Additionally, 2,127 shares were retained by the company to cover the exercise price/tax withholding (value ≈ $230,780). The filing also lists a 9,000-share derivative conversion shown at $0 that is included for informational purposes.
Key Details
- Transaction date: June 1, 2026 (Form 4 filed June 2, 2026 — timely filing).
- Open-market sales: 3,250 shares and 6,873 shares at $108.50 each (total ≈ $1,098,346).
- Option exercise: 9,000 shares acquired at $23.22 each (total paid ≈ $208,980).
- Shares withheld for exercise/taxes: 2,127 shares at $108.50 (≈ $230,780) — company retained these shares to satisfy withholding (footnote F4).
- A 9,000-share derivative entry at $0 is included for information only (see footnote F9).
- Currency conversions: $108.50 and exercise-price USD equivalents reflect conversions from NIS per the filing (see footnotes F1, F3, F5, F7).
- Grant/vesting context: filing includes details of RSU and option grant schedules (see footnotes F2, F6, F8).
Context This sequence shows an option exercise combined with immediate disposition/withholding: Cohen exercised options (cash paid ≈ $209k), some shares were withheld to cover exercise/taxes, and she sold other shares in the open market (realizing ≈ $1.10M). Exercises followed by sales or withholding are common administrative actions (cashless-style outcome) and don’t necessarily signal a directional view on the company. The filing appears timely (filed the next day).
Insider Transaction Report
- Sale
Ordinary shares, NIS 0.1 par value per share
[F1][F2]2026-06-01$108.50/sh−3,250$352,625→ 20,974 total - Exercise/Conversion
Ordinary shares, NIS 0.1 par value per share
[F3][F2]2026-06-01$23.22/sh+9,000$208,980→ 29,974 total - Tax Payment
Ordinary shares, NIS 0.1 par value per share
[F4][F5][F2]2026-06-01$108.50/sh−2,127$230,780→ 27,847 total - Sale
Ordinary shares, NIS 0.1 par value per share
[F5][F2]2026-06-01$108.50/sh−6,873$745,721→ 20,974 total - Exercise/Conversion
Stock Options (right to buy)
[F3][F6]2026-06-01−9,000→ 6,000 totalExercise: $23.22Exp: 2028-09-30→ Ordinary shares, NIS 0.1 par value per share (9,000 underlying)
- 50,930
Stock Options (right to buy)
[F7][F8][F9]Exercise: $27.33Exp: 2023-10-01→ Ordinary shares, NIS 0.1 par value per share (50,930 underlying)
Footnotes (9)
- [F1]Represents a transaction price of NIS 304.99, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.811 as of the date immediately preceding the date of the transaction.
- [F2]Includes (i) 6,513 restricted share units granted on April 21, 2024, with 3,256 vesting on April 21, 2027, and 3,257 vesting on April 21, 2028; and (ii) 11,198 restricted share units granted on October 1, 2025, with 2,799 vesting on each of October 1, 2026 and October 1, 2028, and 2,800 vesting on each of October 1, 2027 and October 1, 2029. Each restricted share unit represents a contingent right to receive one ordinary share of the Company.
- [F3]Represents an exercise price of NIS 71.89, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026.
- [F4]These shares were retained by the Company in payment of the exercise price of the employee stock options exercised by the Reporting Person. The amount retained by the Company was not in excess of the amount of the exercise price.
- [F5]Represents a transaction price of NIS 304.99, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.811 as of the date immediately preceding the date of the transaction.
- [F6]Stock options were granted on September 30, 2021, with each having vested on September 30, 2025.
- [F7]Represents an exercise price of NIS 84.60, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026.
- [F8]Stock options were granted on October 1, 2025, with 12,732 vesting on each of October 1, 2026 and October 1, 2028, and 12,733 vesting on each of October 1, 2027 and October 1, 2029.
- [F9]No transaction has been effected by the Reporting Person with respect to these securities, and they are being included in this Form 4 for informational purposes only.