Eltek (ELTK) director discloses employee stock option positions

Rhea-AI Filing Summary

Eltek Ltd director Erez Meltzer has filed an initial ownership report showing holdings of employee stock options tied to Eltek ordinary shares. One option grants rights over 20,000 ordinary shares at an exercise price of $5.8900 per share, expiring on September 6, 2031. A second option covers 10,000 ordinary shares at an exercise price of $8.6700 per share, expiring on October 6, 2033. Each option vests over four years, with 25% becoming exercisable on the first anniversary of its grant date and 6.25% additional vesting at the end of each subsequent quarter.

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^*

Meltzer Erez

(Last) (First) (Middle)

55 HA'MAYAN

(Street)

RA'ANANA 4356967

(City) (State) (Zip)

UNITED STATES

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
ELTEK LTD [ ELTK ]

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)

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

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)

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
Employee Stock Option	(1)	09/06/2031	Ordinary share	20,000	$5.89	D
Employee Stock Option	(2)	10/06/2033	Ordinary share	10,000	$8.67	D

Explanation of Responses:

1. The option agreement provides that the option will become exercisable over a four-year period. Twenty-five percent (25%) of the options will become exercisable on the first anniversary of the grant date, and an additional 6.25% will become exercisable at the end of each subsequent quarter thereafter. The option was granted on September 6, 2021

2. The option agreement provides that the option will become exercisable over a four-year period. Twenty-five percent (25%) of the options will become exercisable on the first anniversary of the grant date, and an additional 6.25% will become exercisable at the end of each subsequent quarter thereafter. The option was granted on October 10, 2023

	/s/ Meltzer Erez Isar Zalman	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 insider position does Erez Meltzer hold at Eltek (ELTK)?

Erez Meltzer is reported as a director of Eltek Ltd. The filing shows his status as a director, with no indication that he is an officer or 10% owner, and discloses his holdings of employee stock options in Eltek ordinary shares.

What employee stock options does Erez Meltzer hold in Eltek (ELTK)?

The filing shows two employee stock option positions. One relates to 20,000 underlying ordinary shares at $5.8900 per share, expiring in 2031. The other relates to 10,000 underlying ordinary shares at $8.6700, expiring in 2033.

How do Erez Meltzer’s Eltek (ELTK) stock options vest?

Each option agreement includes a four-year vesting schedule. Twenty-five percent of the options become exercisable on the first anniversary of the grant date, with an additional 6.25% vesting at the end of each subsequent quarter until fully vested.

Were there any Eltek (ELTK) share purchases or sales in this Form 3?

The Form 3 does not report any share purchases or sales. It lists holdings of employee stock options only, with transaction records categorized as holdings and the summary showing zero buy, sell, acquisition, or disposition transactions.

What are the expiration dates of Erez Meltzer’s Eltek (ELTK) options?

The options tied to 20,000 underlying ordinary shares at $5.8900 expire on September 6, 2031. The options tied to 10,000 underlying ordinary shares at $8.6700 expire on October 6, 2033, according to the filing details.