Arazi Doron Ovadia 4

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.