Eltek (ELTK) CEO Eli Yaffe details option grants and share stake

Rhea-AI Filing Summary

Eltek Ltd Chief Executive Officer Eli Yaffe filed an initial Form 3 that lists his existing equity position in the company. He holds employee stock options over 8,480 ordinary shares at an exercise price of $3.59 expiring on November 14, 2028, 21,308 shares at $4.17 expiring on December 29, 2030, 25,000 shares at $8.70 expiring on August 3, 2033, and 20,000 shares at $15.83 expiring on March 10, 2034.

The option agreements provide four-year vesting, with 25% exercisable on the first anniversary of the grant date and an additional 6.25% at the end of each subsequent quarter. Yaffe also directly holds 7,250 ordinary shares, giving him a mix of current ownership and long-dated equity incentives.

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^*

Yaffe Eli

(Last) (First) (Middle)

7 SIMTAT HAR DAFNA

SGOOLA INDUSTRIAL ZONE

(Street)

SAVYON 5650307

(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)

	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	7,250	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
Employee Stock Option	(1)	11/14/2028	Ordinary share	8,480	$3.59	D
Employee Stock Option	(2)	12/29/2030	Ordinary share	21,308	$4.17	D
Employee Stock Option	(3)	08/03/2033	Ordinary share	25,000	$8.7	D
Employee Stock Option	(4)	03/10/2034	Ordinary share	20,000	$15.83	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 November 14, 2018

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 June 3, 2021

3. 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 August 3, 2023

4. 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 July 8, 2024

	/s/ Yaffe Eli	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 Eltek (ELTK) CEO Eli Yaffe’s Form 3 disclose?

The Form 3 shows that CEO Eli Yaffe already holds Eltek equity, including several tranches of employee stock options and 7,250 ordinary shares. It is an initial ownership report, not a new buy or sell transaction.

How many Eltek (ELTK) ordinary shares does Eli Yaffe hold directly?

Eli Yaffe holds 7,250 ordinary shares of Eltek directly. This stake is separate from his employee stock options, which give him the right to acquire additional ordinary shares at pre-set exercise prices if he chooses to exercise them.

What employee stock options does the Eltek (ELTK) CEO report on Form 3?

The CEO reports employee stock options over 8,480 shares at $3.59, 21,308 at $4.17, 25,000 at $8.70, and 20,000 at $15.83. These options give him future rights to buy Eltek ordinary shares at those exercise prices.

When do Eli Yaffe’s Eltek (ELTK) stock options vest and expire?

Each option grant vests over four years, with 25% after the first anniversary and 6.25% each following quarter. Expiration dates range from November 14, 2028 to March 10, 2034, limiting how long the options can be exercised.

Is Eltek (ELTK) CEO Eli Yaffe buying or selling shares in this Form 3?

The Form 3 does not report any buying or selling activity. It is an initial statement of beneficial ownership that lists Eli Yaffe’s existing ordinary shares and employee stock options, without recording new market transactions.