BEN-HAMOU RONEN 4

What Happened
Ronen Ben‑Hamou, Chief Revenue Officer of Ceragon Networks Ltd. (CRNT), received equity awards on 2026-03-23: 27,213 restricted stock units (RSUs) and 54,427 derivative awards (options), all reported at $0.00 (no cash paid). Total potential shares from the grant equal 81,640. This was a grant/award (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-23. Form 4 filed: 2026-03-25. (Filed within the typical 2-business-day window.)
• RSUs: 27,213 units at $0.00. Footnote F1: each RSU converts to one share upon vesting; vesting is 25% per year over four years starting 03/23/2027.
• Derivative awards (options): 54,427 units at $0.00. Footnote F2: vest 25% on 03/23/2027, then the remaining 75% in twelve equal quarterly installments over the next three years (starting 03/23/2027).
• Total potential shares granted: 81,640.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• No exercise or sale occurred as part of this filing; this is a compensation grant.

Context
RSUs and options are standard executive compensation tools. RSUs become actual shares upon each vesting date; the derivative awards follow a multi‑year vesting schedule described above. Because this is a grant, it reflects compensation arrangements rather than an insider buying or selling stock in the open market. Investors may watch future Form 4s for vesting, exercises, or subsequent sales related to these awards.