VORHAUS MICHAEL 4

What Happened Michael Vorhaus, a director of Perion Network Ltd. (PERI), disposed of 2,160 shares on July 1, 2026. The shares were sold at $9.70 each for total proceeds of $20,952. This transaction is reported as a sale and was executed to satisfy tax withholding obligations related to the vesting of restricted share units (RSUs), so it is a routine "sell to cover" rather than an open-market decision to reduce holdings.

Key Details

• Transaction date and price: 2026-07-01 — 2,160 shares at $9.70 each.
• Total value: $20,952.
• Transaction type: Sale (S); described in the filing as shares withheld/sold to satisfy tax withholding on RSU vesting (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Form 4 submitted 2026-07-02 (covers the 2026-07-01 transaction); filing timeliness not indicated as late in the provided data.

Context This was a tax-withholding sale associated with RSU vesting (often called a "sell to cover"), which is procedural and does not necessarily indicate the insider's view on the company's prospects. For retail investors, outright purchases by insiders tend to be more informative than routine withholding sales.