Ceragon Networks (CRNT) CEO details option grants and share holdings in Form 3

Rhea-AI Filing Summary

Ceragon Networks Ltd. chief executive officer Doron Ovadia Arazi filed an initial ownership report detailing his equity position in the company. The filing shows multiple stock option grants over ordinary shares, including blocks tied to 150,000, 175,000, 125,000 and 133,333 underlying shares with exercise prices between $1.99 and $3.701, expiring from 2027 through 2031. He also reports direct holdings of ordinary shares, including entries showing 87,500 and 66,667 shares, and restricted stock units that vest in equal annual installments over four years, subject to continued service.

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

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1. Name and Address of Reporting Person^*

Arazi Doron Ovadia

(Last) (First) (Middle)

14 RUBINSTEIN ARTHUR ST.,

(Street)

TEL AVIV

(City) (State) (Zip)

ISRAEL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
CERAGON NETWORKS LTD [ CRNT ]

3a. Foreign Trading Symbol

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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	87,500(1)	D
Ordinary Shares	87,500(2)	D
Ordinary Shares	66,667(3)	D
Ordinary Shares	66,667(4)	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)	07/19/2022(5)	07/19/2027	Ordinary Shares	150,000	$3.701	D
Stock Option (Right to Buy)	10/03/2023(6)	10/03/2028	Ordinary Shares	175,000	$2.108	D
Stock Option (Right to Buy)	09/07/2024(7)	09/07/2029	Ordinary Shares	125,000	$1.99	D
Stock Option (Right to Buy)	05/23/2025(8)	05/23/2030	Ordinary Shares	133,333	$3.08	D
Stock Option (Right to Buy)	05/22/2026(9)	05/22/2031	Ordinary Shares	133,333	$2.45	D

Explanation of Responses:

1. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 10/03/2023 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 ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 09/07/2024 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 ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 05/23/2025 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 ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 05/22/2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.

5. The Stock Options are Fully vested and immediately exercisable

6. The Options vest in four equal annual installments (25% per year) commencing on 10/03/2023 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.

7. The Options vest in four equal annual installments (25% per year) commencing on 09/07/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.

8. The Options vest in four equal annual installments (25% per year) commencing on 05/23/2025 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.

9. The Options vest 25% on the first year (05/22/2026 ) and the remaining 75% vest in twelve equal quarterly installments over a three-year period, 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 Person 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.

	Doron Arazi by: Oppenheimer Israel, as Attorney-in-fact	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Ceragon Networks (CRNT) Form 3 filing by CEO Doron Ovadia Arazi show?

The Form 3 shows CEO Doron Ovadia Arazi’s initial ownership in Ceragon Networks, including several stock option grants over ordinary shares, direct ordinary share holdings, and restricted stock units that vest over time, all reported as of the stated transaction date.

How many stock option grants are reported for the Ceragon Networks (CRNT) CEO on Form 3?

The CEO reports five separate stock option positions, each tied to ordinary shares with different exercise prices and expiration dates. These options become exercisable on schedules described in the footnotes, including fully vested options and others vesting in equal annual installments.

What are the exercise prices on the Ceragon Networks (CRNT) CEO’s stock options?

The reported stock options have exercise prices of $3.7010, $2.1080, $1.9900, $3.0800, and $2.4500 per ordinary share. Each grant is linked to a specific expiration date between 2027 and 2031, as disclosed in the filing.

What ordinary share holdings does the Ceragon Networks (CRNT) CEO report on the Form 3?

The filing lists direct holdings of ordinary shares with entries showing 87,500 and 66,667 shares following the reported date. These positions are reported as direct ownership, separate from the CEO’s stock options and restricted stock unit awards.

How do the restricted stock units (RSUs) for Ceragon Networks (CRNT) CEO vest?

The RSUs each represent a contingent right to receive one ordinary share and vest in four equal annual installments of 25% per year. Vesting begins on specified dates in 2023, 2024, 2025, and 2026, subject to continued service.

What are the vesting terms for the Ceragon Networks (CRNT) CEO’s stock options?

One option grant is fully vested and immediately exercisable, while others vest in four equal annual installments of 25% per year beginning in 2023, 2024, and 2025. Another grant vests 25% after one year, then quarterly over three additional years.

Does the Ceragon Networks (CRNT) Form 3 indicate recent buying or selling by the CEO?

The Form 3 functions as an initial ownership statement and lists holdings rather than explicit purchases or sales. Transaction codes and summary data show holding entries with no categorized buys, sells, exercises, gifts, or tax-withholding events in this disclosure.