Enlight Renewable (ENLT) General Counsel Lisa Haimovitz Exercises Options

What Happened
Lisa Haimovitz, VP and General Counsel of Enlight Renewable Energy Ltd. (ENLT), exercised 435 stock options (reported as a derivative exercise, code M) on May 14, 2026. The Form 4 records the 435 shares as "disposed" at $0.00. Footnote disclosure shows an exercise price of NIS 61.52 per option (converted at the Bank of Israel rate to about $19.87 each), implying a notional exercise cost of roughly $8,642. The options were part of a grant from April 24, 2023 (52,500 vested April 24, 2026; 22,500 vest April 24, 2027). This filing is an amendment to correct the reported post-transaction option count.

Key Details

• Transaction date: May 14, 2026 (original Form 4 filed May 18, 2026; amendment filed July 29, 2026).
• Transaction type: Exercise/conversion of derivative (code M); 435 options exercised and reported as disposed at $0.00.
• Exercise price: NIS 61.52 per option → ~ $19.87 per option (Bank of Israel rate used); total implied exercise cost ≈ $8,642.
• Vesting info: Grant dated April 24, 2023 — 52,500 options vested April 24, 2026; 22,500 vest April 24, 2027.
• Ownership after transaction: The amended filing restates the correct post-transaction derivative holdings; prior filings had overstated that figure by 2,703 options. The amended Form 4 should be consulted for the corrected count.
• Amendment reason: Corrects an inadvertent overstatement carried through multiple Form 4s (May 18, May 27, May 28, June 1, 2026). The original filing date was timely for the May 14 transaction; this is a corrective amendment.

Context
The Form 4 shows the exercised options were "disposed" at $0.00, which commonly reflects a net settlement, share surrender to cover exercise/taxes, or same-day share transfer rather than a market sale with cash proceeds; the filing does not show cash received. Exercises are routine outcomes of vesting and tax/settlement mechanics and do not necessarily signal bullish or bearish views by the insider. For investors, outright purchases are typically a stronger direct signal than option exercises.