AudioCodes (AUDC) Director Itay Makov Receives RSU Award

What Happened
Itay Makov, a director of AudioCodes Ltd (AUDC), was granted 10,000 restricted stock units (RSUs) on September 9, 2026. The Form 4 reports the acquisition at $0.00 per share (award), consistent with a compensation grant rather than a market purchase or sale. This is not a sale — it’s a stock award that converts to ordinary shares only as the RSUs vest.

Key Details

• Transaction date: 2026-09-09; Filing date: 2026-09-10 (filed the next day, within typical Form 4 timing rules).
• Grant: 10,000 RSUs, reported acquisition price $0.00.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: RSUs vest in three equal annual installments — 3,333 on 9/9/2027, 3,333 on 9/9/2028 and 3,334 on 9/9/2029 — subject to continued service (see footnote F1).
• No indication of a 10b5-1 plan, sale, gift, or tax-withholding in this filing excerpt.

Context
RSUs are a form of compensation that give a contingent right to receive shares if vesting conditions are met; they do not represent immediately tradable stock. Grants like this are common for executives and directors as part of pay programs and should be interpreted as compensation rather than a direct bullish/bearish market signal.