Was Lior Aldema’s AudioCodes (AUDC) share sale done under a Rule 10b5-1 plan?

Yes. The Form 4 notes the sale was executed under a Rule 10b5-1 trading plan adopted by Lior Aldema on August 28, 2025. Such plans schedule trades in advance, reducing the importance of short-term market timing.

AudioCodes (NASDAQ: AUDC) EVP sells 2,813 shares in Rule 10b5-1 trade

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

AUDIOCODES LTD executive Lior Aldema reported a small open-market sale of company shares. On May 8, 2026, Aldema sold 2,813 Ordinary Shares of AudioCodes at a weighted average price of $8.3394 per share in an open-market transaction.

After this sale, Aldema directly holds 112,501 Ordinary Shares. The filing notes that the transaction was carried out under a pre-arranged Rule 10b5-1 trading plan, which Aldema adopted on August 28, 2025, indicating the sale was scheduled in advance.

Insider Trade Summary 10b5-1

Net Seller: 2,813 shares ($23,459)

Net Sell 1 txn

Insider Aldema Lior

Role EVP and Chief Business Officer

Sold 2,813 shs ($23K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	2,813	$8.3394	$23K

Holdings After Transaction: Ordinary Shares — 112,501 shares (Direct, null)

Footnotes (1)

The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2025 The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request.

Key Figures

Shares sold: 2,813 shares Sale price: $8.3394 per share Shares held after sale: 112,501 shares +1 more

4 metrics

Shares sold 2,813 shares Ordinary Shares sold on May 8, 2026

Sale price $8.3394 per share Weighted average sale price for the transaction

Shares held after sale 112,501 shares Direct holdings following the May 8, 2026 transaction

Net shares sold 2,813 shares Net-sell direction in transaction summary

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale

3 terms

Rule 10b5-1 trading plan regulatory

"The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2025"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 01:58 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Aldema Lior

(Last)

(First)

(Middle)

C/O AUDIOCODES LTD., 1 HAYARDEN STREET

(Street)

AIRPORT CITY, LOD

(City)

(State)

(Zip)

ISRAEL

(Country)

2. Issuer Name and Ticker or Trading Symbol
AUDIOCODES LTD [ AUDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and Chief Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	05/08/2026		S⁽¹⁾		2,813	D	$8.3394⁽²⁾	112,501	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2025

2. The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request.

	Lior Aldema by: Oppenheimer Israel, as Attorney-in-fact	05/11/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did AudioCodes (AUDC) executive Lior Aldema report in this Form 4 filing?

Lior Aldema reported an open-market sale of 2,813 Ordinary Shares of AudioCodes at a weighted average price of $8.3394 per share. Following the transaction, Aldema directly holds 112,501 Ordinary Shares in the company.

How many AudioCodes (AUDC) shares did Lior Aldema sell and at what price?

Lior Aldema sold 2,813 Ordinary Shares of AudioCodes at a weighted average price of $8.3394 per share. The filing states this was a sale in the open market or a private transaction, coded as an S transaction.

How many AudioCodes (AUDC) shares does Lior Aldema own after the reported sale?

After the reported sale, Lior Aldema directly owns 112,501 Ordinary Shares of AudioCodes. This remaining position is disclosed in the Form 4 as the total number of shares directly held following the May 8, 2026 transaction.

What does the weighted average price mean in Lior Aldema’s AudioCodes (AUDC) transaction?

The weighted average price of $8.3394 per share reflects that multiple trade prices were combined into a single average figure. The filing states Aldema will provide details of individual trade prices and share amounts upon request.

What is the net effect of this Form 4 transaction on Lior Aldema’s AudioCodes (AUDC) holdings?

The net effect is a reduction of 2,813 Ordinary Shares from Lior Aldema’s direct holdings, as reflected by a net-sell direction. Transaction summary data shows 2,813 shares sold and 112,501 shares remaining directly owned.