NovoCure Ltd·4

Jun 3, 4:53 PM ET

HILLEMAN JERYL L 4

4 · NovoCure Ltd · Filed Jun 3, 2026

Research Summary

AI-generated summary of this filing

Updated

NovoCure (NVCR) Director Jeryl Hilleman Sells 2,945 Shares

What Happened

  • Jeryl L. Hilleman, a director of NovoCure Ltd (NVCR), sold 2,945 shares on June 2, 2026. The weighted-average sale price was $15.77, producing gross proceeds of about $46,445. The sales were executed in multiple trades at prices ranging from $15.65 to $15.88.
  • This transaction was a sell-to-cover to satisfy tax withholding obligations tied to the vesting of Restricted Stock Units (RSUs), as required by the company's award agreement, and therefore was not a discretionary open-market liquidation.

Key Details

  • Transaction date: 2026-06-02; Form 4 filed: 2026-06-03 (timely).
  • Action: Sale (S); shares sold: 2,945; weighted-average price: $15.77; price range: $15.65–$15.88; proceeds ≈ $46,445.
  • Shares owned after transaction: Not disclosed in this filing.
  • Footnotes: F1 — sale mandated to cover tax withholding on RSU vesting (not discretionary). F2 — multiple trades; reported price is weighted average.
  • Filing appears timely (no late-filing indication).

Context

  • Sell-to-cover transactions are routine administrative sales to pay taxes when equity awards vest and generally do not indicate a director’s view on the company’s prospects. Purchases typically convey more direct positive signals than mandated withholding sales.

Insider Transaction Report

Form 4
Period: 2026-06-02
Transactions
  • Sale

    Ordinary Shares

    [F1][F2]
    2026-06-02$15.77/sh2,945$46,44513,861 total
Footnotes (2)
  • [F1]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units. This sale is mandated by the issuer's award agreement under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
  • [F2]This transaction was executed in multiple trades at prices ranging from $15.65 USD to $15.88 USD; the price reported above reflects the weighted average sale price.
Signature
Steven Robbins, as attorney in fact for Hilleman, Jeryl L.|2026-06-03

Documents

2 files