Silicom (SILC) EVP Daniel Cohen Receives Award (RSU Settlement)

What Happened

• Daniel Cohen, Executive VP of Operations at Silicom Ltd. (SILC), had restricted stock units (RSUs) vest and settle on 2026-06-14. The filing reports the conversion/acquisition of 2,000 shares (code M: exercise/conversion of derivative). At the same time, 2,000 shares were reported as disposed at $0.00 (derivative), resulting in no cash proceeds reported.
• The transactions represent RSU settlement rather than an open-market buy or sale. There is no purchase price or sale proceeds recorded; this is compensation-related equity vesting and an offsetting disposition consistent with share withholding or plan transfers.

Key Details

• Transaction date: 2026-06-14; Form 4 filed: 2026-06-16.
• Acquired: 2,000 shares via conversion/settlement of RSUs (transaction code M).
• Disposed: 2,000 shares at $0.00 (derivative) — reported as $0 proceeds.
• Footnotes: F1—each RSU converts to one ordinary share at settlement; F2—these RSUs vested in full on the transaction date; F3—securities are held by a trustee under the issuer’s equity incentive plan.
• Shares owned after the transactions: not specified in the provided filing.
• Filing timeliness: filed two days after the transaction date (appears timely under the standard 2-business-day Form 4 requirement).

Context

• This is an award/settlement event: RSUs vested and were converted to shares. The simultaneous $0 disposition is commonly how companies report shares withheld or transferred to satisfy tax withholding or plan requirements — not an open-market sale. No cash proceeds or market trades are indicated in this filing.