Goldwasser Karnit 4

What Happened

• Director Karnit Goldwasser was reported on Form 4 as receiving multiple derivative awards (grant code A) totaling 56,500 shares on April 7, 2026 and, on the same date, disposing (surrendering) an identical total of 56,500 shares back to the issuer (disposition code D). All transactions are recorded as derivative transactions and no per-share price or cash value is disclosed (listed as N/A).

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (timely filing).
• Total granted: 56,500 derivative shares (sum of several grants).
• Total disposed to issuer: 56,500 shares (equal to the grants).
• Price/value: N/A in the filing (no cash price shown).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: USD exercise prices (where shown) are convenience conversions from NIS using Bank of Israel rate as of April 6, 2026.
  • F2: Option exercise price was adjusted due to a March 11, 2026 cash dividend per the company’s 2011 Share Award Plan; no other changes to terms.
  • F3: Options vest in four equal annual installments (25% per year).
  • F4: Awards are held by a trustee under the company’s 2011 Share Award Plan.

Context

• These entries are derivative award grants paired with immediate dispositions to the issuer — a pattern commonly seen when shares are withheld or surrendered to satisfy tax withholding, exercise costs, or other plan obligations. The filing itself does not state the specific reason for the dispositions.
• Because the net effect is zero change in shares reported (56,500 granted and 56,500 surrendered), this appears to be an administrative settlement of awards rather than an open-market buy or sell that would signal directional insider sentiment.