Arazi Doron Ovadia 4

4 · CERAGON NETWORKS LTD · Filed Jun 15, 2026

AI-generated summary of this filing

Updated Jun 15, 2026

Ceragon (CRNT) CEO Arazi Doron Ovadia Receives Awards

What Happened

Arazi Doron Ovadia, CEO of Ceragon Networks Ltd. (CRNT), received equity awards on 2026-06-11 totaling 200,000 units: 66,667 restricted stock units (RSUs) and 133,333 derivative awards. Each grant shows a $0.00 per-share acquisition price (awards/compensation), so no cash was paid.

Key Details

Transaction date: 2026-06-11; Filing date: 2026-06-15 (filed within the normal 2-business-day Form 4 window).
Grants: 66,667 RSUs @ $0.00 (acquired); 133,333 derivative awards @ $0.00 (acquired). Reported aggregate value at grant: $0 cash consideration.
Shares owned after the transaction: Not disclosed in the provided excerpt of the filing.
Footnotes:
- F1: The 66,667 RSUs each convert to one ordinary share upon vesting; they vest 25% per year over four years, beginning 06/11/2027, subject to continued service.
- F2: The derivative awards vest 25% on 06/11/2027, then the remaining 75% in twelve equal quarterly installments over the following three years, subject to continued service.
No indication these shares were sold or immediately liquidated—these are time‑based compensation awards.

Context

These grants are standard compensation equity (RSUs and time‑vesting derivative awards). They do not represent an immediate cash investment or sale and will only convert to shares (or become exercisable) as they vest per the schedules above. For retail investors, such awards signal executive compensation alignment with future service and company performance but are not an immediate vote of market sentiment.

Form 4

Period: 2026-06-11

Chief Executive Officer

Transactions

Award
Ordinary Shares
[F1]
2026-06-11+66,667→ 375,001 total
Award
Stock Option (Right to Buy)
[F2]
2026-06-11+133,333→ 133,333 total
Exercise: $2.98From: 2027-06-11Exp: 2032-06-11→ Ordinary Shares (133,333 underlying)

Footnotes (2)

[F1]The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 6/11/2027 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
[F2]The Options vest 25% on the first anniversary of the grant date (06/11/2027) and the remaining 75% vest in twelve equal quarterly installments over a three-year period commencing on 6/11/2027, subject to the Reporting Persons continued service to the Company or its subsidiaries through each vesting date

Signature

/s/ Netta Cohen on behalf of Oppenheimer Israel, as Attorney-in-fact|2026-06-15

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