VORHAUS MICHAEL 4

What Happened
Michael Vorhaus, a director of Perion Network Ltd. (PERI), had 2,160 shares disposed on April 1, 2026. The shares were sold at $10.00 per share for a total value of $21,600. The filing indicates the shares were withheld/sold by the issuer to satisfy tax withholding obligations related to restricted share unit (RSU) vesting, rather than an independent open-market sell decision by the insider.

Key Details

• Transaction date and price: April 1, 2026 — 2,160 shares at $10.00 each.
• Total proceeds: $21,600 (gross).
• Transaction code: S (Sale); footnote F1: shares were withheld and sold by the issuer to satisfy tax withholding on RSU vesting.
• Shares owned after transaction: Not specified in the provided filing data.
• Filing date: April 6, 2026 — filed five days after the transaction; appears later than the usual 2-business-day Form 4 deadline.

Context
Sales to cover tax withholding on RSU vesting are routine and do not necessarily indicate the insider's view of the company's prospects. This was a tax-related disposition executed by the issuer rather than a discretionary sell order by the director.