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Audiocodes (AUDC) CEO discloses 4.7M shares and option stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Audiocodes Ltd President and Chief Executive Shabtai Adlersberg filed an initial ownership report showing substantial direct holdings of 4,712,253 Ordinary Shares. He also holds a stock option over 15,000 Ordinary Shares at an exercise price of $15.9300 per share, expiring on June 14, 2026. Footnotes describe multiple restricted stock unit grants that each convert into one Ordinary Share and vest in sixteen equal quarterly installments over four years, with first vesting dates on December 14, 2022, December 14, 2023, December 14, 2024, and December 14, 2025, subject to continued service.

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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
ADLERSBERG SHABTAI

(Last) (First) (Middle)
1 HAYARDEN STREET
AIRPORT CITY

(Street)
LOD L3 70151

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026
3. Issuer Name and Ticker or Trading Symbol
AUDIOCODES LTD [ AUDC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and Chief Executive
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares 10,000(1) D
Ordinary Shares 30,000(2) D
Ordinary Shares 50,000(3) D
Ordinary Shares 70,000(4) D
Ordinary Shares 4,712,253 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 09/14/2019(5) 06/14/2026 Ordinary Shares 15,000 $15.93 D
Explanation of Responses:
1. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Audicodes Ltd (the "Company"). The RSUs vest in sixteen equal quarterly installments over a four-year period with the first quarterly vesting date on 12/14/2022 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
2. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Audicodes Ltd (the "Company"). The RSUs vest in sixteen equal quarterly installments over a four-year period with the first quarterly vesting date on 12/14/2023 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
3. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Audicodes Ltd (the "Company"). The RSUs vest in sixteen equal quarterly installments over a four-year period with the first quarterly vesting date on 12/14/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
4. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Audicodes Ltd (the "Company"). The RSUs vest in sixteen equal quarterly installments over a four-year period with the first quarterly vesting date on 12/14/2025 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
5. The Options vest in sixteen equal quarterly installments over a four-year period with the first quarterly vesting date on 09/14/2019 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
Remarks:
This Form 3 is being filed to report the Reporting Persons beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.
Shabtai Adlersberg by: Oppenheimer Israel, as Attorney-in-fact 03/16/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider position does Shabtai Adlersberg report at AUDC?

Shabtai Adlersberg, President and Chief Executive of Audiocodes Ltd (AUDC), reports direct ownership of 4,712,253 Ordinary Shares. This Form 3 establishes his baseline equity stake as an insider for ongoing SEC reporting purposes.

What stock options does the Audiocodes (AUDC) CEO hold?

The Audiocodes CEO holds a stock option covering 15,000 Ordinary Shares with an exercise price of $15.9300 per share. The option expires on June 14, 2026 and was scheduled to vest in sixteen equal quarterly installments.

How do the RSUs for the Audiocodes (AUDC) CEO vest?

The CEO received restricted stock units (RSUs) that each represent one Ordinary Share. Each RSU grant vests in sixteen equal quarterly installments over four years, with first vesting dates on December 14 in 2022, 2023, 2024, and 2025, contingent on continued service.

Does this Audiocodes (AUDC) Form 3 show any stock buying or selling?

This Form 3 lists holdings, not transactions. The data show Adlersberg’s existing Ordinary Share and option positions, with no reported open-market purchases, sales, or other changes in ownership direction in the disclosed summary figures.

What does a Form 3 filing mean for Audiocodes (AUDC) investors?

Form 3 provides a starting snapshot of an insider’s ownership. For Audiocodes, it records the CEO’s share and option positions, which later Forms 4 and 5 will update when any purchases, sales, exercises, or other ownership changes occur.
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