Barlev Tuvia 4

What Happened
Barlev Tuvia, CEO of Actelis Networks (ASNS), reported a sale of 13,801 shares on 2026-05-18 at $0.08 per share, generating proceeds of about $1,166. The transaction was a sale (S) executed as a sell-to-cover to satisfy tax withholding obligations tied to the vesting/settlement of RSUs, not a discretionary open-market liquidation.

Key Details

• Transaction date: 2026-05-18; Form 4 filed 2026-05-20 (timely filing).
• Shares sold: 13,801 at $0.08 per share; total proceeds ≈ $1,166.
• Reason: Sell-to-cover to fund tax withholding on vested RSUs (footnote F1).
• Shares held after transaction: filing notes 46,297 shares of common stock underlying RSUs that remain subject to forfeiture until they vest (footnote F2).
• Transaction code: S (sale); footnote indicates the sale was mandated by the issuer for tax withholding and not a discretionary trade.

Context Sell-to-cover transactions are common when RSUs vest; the company or executive sells a portion of shares to pay required taxes. Such sales are generally considered routine and less informative about the insider’s view of the company than purchases.