Eltek ex-director sells 4,260 shares after option exercise
Former director Dovev Gad exercised options and sold ELTK ordinary shares in same-day trades.
Rhea-AI Filing Summary
ELTEK LTD (ELTK) reported insider transactions by former director Dovev Gad involving both option exercises and share sales. On September 17, 2026, he exercised employee stock options to acquire 500 ordinary shares at an exercise price of $5.89 per share, from an option grant dated September 6, 2021 that vests over four years, and held 29,500 options of this grant afterward. The same day he acquired 2,945 ordinary shares at $5.89 per share through this exercise activity and sold 4,260 ordinary shares at $8.52 per share in a market transaction. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Dovev Gad
Role
Director
Sold
4,260 shs ($36K)
Approx. gross sale proceeds
$36K
Approx. exercise cost
$3K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option F1 | 500 | $0.00 | $0.00 |
| Exercise | Ordinary share | 2,945 | $5.89 | $17K |
| Sale | Ordinary share | 4,260 | $8.52 | $36K |
Holdings After Transaction:
Employee Stock Option — 29,500 contracts (Direct);
Ordinary share — 0 shares (Direct)
Footnotes (1)
- F1. 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
Key Figures
Options exercised: 500 options
Exercise price: $5.89 per share
Shares acquired: 2,945 ordinary shares
+5 more
8 metrics
Options exercised
500 options
Employee stock options exercised into ordinary shares on September 17, 2026
Exercise price
$5.89 per share
Price paid to exercise employee stock options on September 17, 2026
Shares acquired
2,945 ordinary shares
Ordinary shares acquired in connection with option exercise activity on September 17, 2026
Shares sold
4,260 ordinary shares
Ordinary shares sold in a reported market transaction on September 17, 2026
Sale price
$8.52 per share
Per-share price for ordinary shares sold on September 17, 2026
Remaining options from grant
29,500 options
Employee stock options from the same grant remaining after the reported exercise
Option grant date
September 6, 2021
Grant date of the employee stock options with four-year vesting
Option expiration
September 6, 2032
Expiration date of the employee stock options exercised in part on September 17, 2026
Key Terms
Employee Stock Option, Ordinary share, exercise price, vesting
4 terms
Employee Stock Option financial
"Title of derivative security: Employee Stock Option"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
exercise price financial
"The option was exercised at an exercise price of $5.89 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The option will become exercisable over a four-year period with quarterly vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did former director Dovev Gad report for ELTK?
Former director Dovev Gad exercised employee stock options for 500 ordinary shares at $5.89 per share, acquired 2,945 ordinary shares at $5.89 per share, and sold 4,260 ordinary shares at $8.52 per share on September 17, 2026.
What options did Dovev Gad exercise in ELTK and at what exercise price?
Dovev Gad exercised 500 employee stock options for ELTEK LTD ordinary shares at an exercise price of $5.89 per share on September 17, 2026, from an option grant dated September 6, 2021.
How many ELTK options from this grant does Dovev Gad still hold after the transactions?
After exercising 500 options on September 17, 2026, Dovev Gad held 29,500 employee stock options from the same ELTEK LTD grant, according to the reported post-transaction option balance.
Were Dovev Gad’s ELTK transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for the transactions by former director Dovev Gad in ELTEK LTD shares on September 17, 2026.
What are the vesting terms of Dovev Gad’s ELTK employee stock options?
The employee stock options were granted on September 6, 2021 and vest over four years: 25% become exercisable on the first anniversary of the grant date, and an additional 6.25% become exercisable at the end of each subsequent quarter.
AI-generated analysis. How Rhea-AI works. Not financial advice.
