STEIN RONEN 4

What Happened

• Ronen Stein, Chief Financial Officer of Ceragon Networks Ltd. (CRNT), received equity awards on 2026-03-23 consisting of 17,417 restricted stock units (RSUs) and 34,833 derivative awards (options). Both grants were issued at $0.00 (typical for compensation awards). The awards represent a potential 52,250 ordinary shares upon vesting/exercise.
• These are grants (compensation), not purchases or sales, so they do not represent an immediate cash investment or disposition by the insider.

Key Details

• Transaction date: 2026-03-23; filing date: 2026-03-25 (filed within the usual 2-business-day window).
• Price: $0.00 for both the RSUs and the derivative award.
• Vesting (footnotes):
  • RSUs: 17,417 RSUs vest 25% per year in four equal annual installments beginning 03/23/2027, subject to continued service.
  • Options: 34,833 options vest 25% on 03/23/2027, then the remaining 75% vest in twelve equal quarterly installments over the following three years, subject to continued service.
• Shares owned after the transaction: not specified in the summary provided—see the original Form 4 for total holdings.
• No 10b5-1 plan, tax-withholding sale, or cashless exercise is indicated in the disclosed footnotes.

Context

• These awards are standard executive compensation designed to retain and incentivize the CFO; they vest over several years and do not reflect an immediate market buy or sell. For retail investors, grants signal potential future dilution as shares vest, but they are routine and contingent on continued employment rather than an immediate endorsement or rejection of the stock.