Eltek Ltd (ELTK) CFO Ron Freund details shares and option grants

Rhea-AI Filing Summary

ELTEK LTD Chief Financial Officer Ron Freund filed an initial ownership report showing both ordinary shares and multiple employee stock option grants. He directly holds 7,558 ordinary shares, plus options over 58,500 ordinary shares at exercise prices ranging from $3.60 to $15.83 per share with expirations between 2031 and 2036. Footnotes state that each option grant vests over four years, with 25% vesting after one year and 6.25% 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^*

Freund Ron

(Last) (First) (Middle)

36 ROMEMA

SGOOLA INDUSTRIAL ZONE

(Street)

TEL AVIV 6941933

(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 Financial 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	7,558	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)	12/29/2031	Ordinary share	13,000	$3.6	D
Employee Stock Option	(2)	12/28/2032	Ordinary share	15,000	$3.65	D
Employee Stock Option	(3)	08/03/2033	Ordinary share	8,000	$8.7	D
Employee Stock Option	(4)	03/10/2034	Ordinary share	10,000	$15.83	D
Employee Stock Option	(5)	01/01/2036	Ordinary share	9,000	$8.84	D
Employee Stock Option	(6)	03/08/2036	Ordinary share	2,500	$8.82	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 January1, 2022

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 December 28, 2022

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 March 10, 2024

5. 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 January 1, 2026

6. 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 March 8, 2026

	/s/ Ron Freund	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 Form 3 filing by ELTK CFO Ron Freund report?

It reports Ron Freund’s initial ownership in ELTEK LTD, including 7,558 ordinary shares held directly and several employee stock option grants over additional ordinary shares, with specified exercise prices, expiration dates, and four-year vesting schedules described in the accompanying footnotes.

How many ELTK ordinary shares does Ron Freund directly own on this Form 3?

Ron Freund directly owns 7,558 ordinary shares of ELTEK LTD according to the Form 3. This position is separate from his employee stock options, which represent rights to acquire additional ordinary shares if the options vest and are later exercised.

What stock options are reported for ELTK CFO Ron Freund in this Form 3?

The filing lists several employee stock options over ELTEK ordinary shares, including blocks of 13,000, 15,000, 8,000, 10,000, 9,000, and 2,500 underlying shares, with exercise prices from $3.60 to $15.83 and expirations between 2031 and 2036.

How do Ron Freund’s ELTK stock options vest according to the footnotes?

Each option grant vests over four years. The footnotes state that 25% of the options become exercisable on the first anniversary of the grant date, with an additional 6.25% becoming exercisable at the end of each subsequent calendar quarter until fully vested.

Are there any buy or sell transactions in this ELTK Form 3 for Ron Freund?

The Form 3 presents holdings information only, showing existing ordinary shares and option positions for Ron Freund. The transaction summary reflects no recorded buys or sells, focusing instead on the number of shares and option awards beneficially owned as of the reported date.

What are some key exercise prices and expirations for Ron Freund’s ELTK options?

Reported employee stock options include exercise prices of $3.60, $3.65, $8.70, $15.83, $8.84, and $8.82 per ordinary share. Expiration dates run from December 29, 2031 through March 8, 2036, covering multiple long-dated grants.