AVERY MORE 4

What Happened

• Avery More, Chairman of the Board of SolarEdge Technologies, received two restricted stock unit (RSU) awards on 2026-06-03 totaling 9,307 RSUs (5,741 RSUs and 3,566 RSUs). The grants were awards (code A) issued at $0.00 per share and will convert to common stock upon vesting. No cash was exchanged.

Key Details

• Transaction date: 2026-06-03; filing date: 2026-06-05 (appears timely).
• Grants: 5,741 RSUs (annual board award) and 3,566 RSUs (in lieu of annual cash retainer).
• Vesting:
  • 5,741 RSUs: vest in full on the earlier of one-year anniversary of the grant or the company's next regular Annual General Meeting; immediate vesting upon a change in control. (F1)
  • 3,566 RSUs: vest and settle 25% on the last day of each calendar quarter from July 1, 2026 through June 30, 2027. (F3)
• Settlement: RSUs may be settled solely in shares of common stock (no cash settlement). (F1, F3)
• Shares beneficially owned after the transaction (per filing footnote): 304,686 shares held across various personal and trust entities (includes 201,686 held directly plus other holdings). (F2)
• No tax withholding, sale, or option exercise reported in this filing.

Context

• RSU awards are compensation, not open-market purchases or sales, and generally reflect routine director pay rather than a direct market signal. They convert to shares only as they vest; until then they are unvested units subject to the terms above.
• Vesting acceleration on a change in control means the RSUs would convert to shares if the company is acquired per the plan definition.