Tower Semiconductor (TSEM) Director Yoav Chelouche Sells 232 Shares

What Happened
Yoav Chelouche, a director of Tower Semiconductor Ltd. (TSEM), sold 232 shares in an open-market transaction on 2026-09-10. The weighted-average price was $215.06 per share (range $215.02–$215.12), for total proceeds of approximately $49,894. The sales occurred on the Tel Aviv Stock Exchange in Israeli shekels; the filing reports an exchange rate of 3.023 ILS to $1.00.

Key Details

• Transaction date: 2026-09-10 (reported on Form 4 filed 2026-09-14).
• Price: Weighted average $215.06; individual trade prices ranged $215.02–$215.12.
• Shares sold: 232; proceeds ≈ $49,894.
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnote: Price is a weighted average; shares were sold in multiple transactions on TASE in ILS. The reporting person will provide a breakdown of the number of shares sold at each separate price upon request.
• Timeliness: Filing was submitted four days after the trade date and appears later than the typical 2-business-day Form 4 deadline.

Context
This was a straightforward open-market sale (S = sale/disposition). Sales by insiders can be routine (liquidity, diversification, tax planning) and do not by themselves indicate company performance. No option exercise, gift, or 10b5-1 plan is noted in the provided information.