Perion (PERI) Director Marcus Joy Sharon Sells Shares

What Happened
Marcus Joy Sharon, a director of Perion Network Ltd. (PERI), had 1,689 shares disposed on 2026-07-01 at $9.77 per share for total proceeds of $16,508. The filing reports these shares were sold to satisfy tax withholding related to the vesting of restricted share units (RSUs), so this sale was a routine "sell-to-cover" rather than an independent open-market decision.

Key Details

• Transaction date: 2026-07-01; Price: $9.77; Shares: 1,689; Proceeds: $16,508.
• Footnote: The shares were withheld and sold by the issuer to satisfy tax withholding obligations connected to RSU vesting (Footnote F1).
• Filing date: 2026-07-02 — filed one day after the transaction, which appears timely under Form 4 rules.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
Sell-to-cover transactions to satisfy tax obligations are common after RSU vesting and generally do not signal the insider's deliberate decision to reduce their stake. This is distinct from voluntary open-market sales, which can carry different interpretive weight for investors.