Ben Moshe Sagi 4

What Happened

• Ben Moshe Sagi, a director of Tower Semiconductor Ltd. (TSEM), was granted 814 restricted stock units (RSUs) on 2026-07-02. The grant is reported as an award/acquisition (code A) at $0.00 per unit — RSUs are a contingent right to receive one ordinary share upon vesting.

Key Details

• Transaction date: 2026-07-02; Form 4 filed: 2026-07-06.
• Grant: 814 RSUs total at $0.00 per unit (no cash exchanged).
• Vesting schedule (from footnote): 407 RSUs vest on 07/02/2027 and 407 RSUs vest on 07/02/2028, subject to continued service.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Transaction code: A = Award/Grant.
• Filing timeliness: Report filed 07/06/2026 for a 07/02/2026 grant; filing appears timely.

Context

• RSU grants are a common form of equity compensation and indicate future potential share issuance if vesting conditions are met; they are not the same as an open-market purchase or sale and do not, by themselves, signal the insider is buying or selling stock.