Puri Michal Nath 4

What Happened
Michal Puri, Chief Human Resources Officer of NovoCure Ltd (NVCR), sold 1,441 shares on February 27, 2026 in an open-market "sell-to-cover" transaction. The weighted average sale price was $13.66 per share, producing aggregate proceeds of approximately $19,690. This sale was executed to satisfy tax withholding obligations tied to the vesting of Restricted Stock Units and was mandated by the company’s award agreement—not a discretionary trade.

Key Details

• Transaction date: 2026-02-27 (Filed: 2026-03-03; filing appears timely)
• Trade details: 1,441 shares sold; weighted average price $13.66; total proceeds ≈ $19,690
• Price range: executed in multiple trades at $13.45–$13.97 (weighted avg reported)
• Reason/footnote: Sale required to cover tax withholding on RSU vesting (mandated by award agreement) — not an elective market-timing sale
• Shares owned after transaction: Not disclosed in the information provided

Context
Sell-to-cover transactions are common when restricted shares or RSUs vest and the issuer’s plan requires withholding taxes be satisfied by selling a portion of the shares. Such mandated sales generally reflect tax mechanics rather than a manager’s view on the company’s stock.