Gilad Eran 4

What Happened
Gilad Eran, Chief Financial Officer of Silicom Ltd. (SILC), had 2,000 restricted stock units (RSUs vest and settle) on June 14, 2026. The RSUs converted into 2,000 ordinary shares (transaction recorded as a derivative exercise/conversion, code M). The filing shows 2,000 shares were then transferred (disposed) at $0.00 — not an open-market sale and no cash proceeds were recorded.

Key Details

• Transaction date: 2026-06-14; Form 4 filed: 2026-06-16 (timely).
• Reported actions: conversion/settlement of 2,000 RSUs into 2,000 ordinary shares (code M), followed by transfer of those 2,000 shares at $0.00.
• Footnotes: (F1) each RSU equals one ordinary share and this filing represents the settlement; (F2) the RSUs vested in full on the transaction date; (F3) the securities are held by a trustee pursuant to the issuer’s equity incentive plan.
• No cash value or sale proceeds reported in the filing; shares were not sold on the open market.
• Shares owned after the transaction are not specified in the provided data.

Context
This was an RSU vesting/settlement event (not a market buy or sale). The conversion was recorded as a derivative exercise/conversion (common for RSU settlements). Because the shares were transferred to a trustee under the company’s equity plan and no proceeds were reported, this does not represent a typical sell or purchase signaling immediate market action.