Enlight Renewable (ENLT) vice chair details option and PSU stakes

Rhea-AI Filing Summary

Enlight Renewable Energy Ltd. vice chairman of the board Yair Seroussi filed an initial Form 3 detailing his equity holdings. He holds stock options over 71,000 ordinary shares at an exercise price of $23.22 expiring on September 30, 2028, and additional options over 51,574 shares at $27.33 expiring on October 1, 2032. He also reports 11,339 performance-based RSUs and 14,233 ordinary shares held directly.

Footnotes explain that the 2021 and 2025 option grants and the 2025 PSUs vest in scheduled tranches through 2029, with PSU vesting tied to annual Total Income and Revenues and Adjusted EBITDA versus the company’s forecast midpoint.

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^*

SEROUSSI YAIR

(Last) (First) (Middle)

C/O ENLIGHT RENEWABLE ENERGY LTD.

13 AMAL ST. AFEK INDUSTRIAL PARK

(Street)

ROSH HA'AYIN 4809249

(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
Enlight Renewable Energy Ltd. [ ENLT ]

3a. Foreign Trading Symbol
[ENLT]

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)	X	Other (specify below)
			VICE CHAIRMAN OF THE BOARD

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, NIS 0.1 par value per share	14,233(1)	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 Options (right to buy)	(2)	09/30/2028	Ordinary shares, NIS 0.1 par value per share	71,000	$23.22(3)	D
Stock Options (right to buy)	(4)	10/01/2032	Ordinary shares, NIS 0.1 par value per share	51,574	$27.33(5)	D
Performance-Based RSUs	(6)	(6)	Ordinary shares, NIS 0.1 par value per share	11,339	(6)	D

Explanation of Responses:

1. (Includes 10,675 restricted share units granted on April 17, 2024, with 3,558 vesting on each of April 17, 2026 and April 17, 2027, and 3,559 vesting on April 17, 2028. Each restricted share unit represents a contingent right to receive one ordinary share of the Company.

2. Stock options were granted on September 30, 2021, with 8,875 having vested on each of December 30, 2023, March 30, 2024, June 30, 2024, September 30, 2024, December 30, 2024, March 30, 2025, June 30, 2025, and September 30, 2025.

3. Represents an exercise price of NIS 71.89, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026.

4. Stock options were granted on October 1, 2025, with 12,893 vesting on each of October 1, 2026, and October 1, 2028, and 12,894 vesting on each of October 1, 2027, and October 1, 2029.

5. Represents an exercise price of NIS 84.60, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026.

6. Performance-based RSUs ("PSUs") were granted on October 1, 2025 and vest in four annual tranches: 2,834 on October 1, 2026, and 2,835 on each of October 1, 2027, 2028, and 2029, subject to continued service as an office holder and achievement of performance metrics for the preceding calendar year. The metrics, Total Income and Revenues, and Adjusted EBITDA (each as reported in the Company's Annual Report on Form 20-F), are measured against the midpoint of the Company's forecast published at the start of the applicable performance year. Achievement of 90% of the target yields 50% vesting for that metric's portion of the tranche, with linear interpolation for achievement between 90% and 100%. Metrics are weighted equally and evaluated independently; overperformance in one cannot offset the other. Each PSU represents a contingent right to receive one ordinary share of the Company upon vesting.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney by Yair Seroussi

	/s/ Helit Megido as attorney-in-fact for Yair Seroussi	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).
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* Form 3: SEC 1473 (03-26)

FAQ

What equity holdings does Enlight Renewable Energy (ENLT) vice chairman Yair Seroussi report on this Form 3?

Yair Seroussi reports a mix of options, RSUs, and shares. He lists options over 71,000 shares at $23.22, options over 51,574 shares at $27.33, 11,339 performance-based RSUs, and 14,233 ordinary shares, all relating to Enlight Renewable Energy’s ordinary shares.

How are Yair Seroussi’s 2021 Enlight Renewable Energy stock options structured?

The 2021 Enlight options vest in equal quarterly tranches. Options granted on September 30, 2021 vest in blocks of 8,875 on eight dates from December 30, 2023 through September 30, 2025, with an exercise price of $23.22 per share after currency conversion.

What are the vesting terms for Enlight Renewable Energy (ENLT) options granted in 2025 to Yair Seroussi?

The 2025 option grant vests in four equal annual tranches. Options granted on October 1, 2025 vest 12,893 shares on October 1, 2026 and 2028, and 12,894 shares on 2027 and 2029, at an exercise price of $27.33 per share after conversion.

How do Enlight Renewable Energy performance-based RSUs for Yair Seroussi vest?

The PSUs vest annually from 2026 through 2029 based on performance. Granted on October 1, 2025, they vest 2,834 units in 2026 and 2,835 units in 2027–2029, subject to continued service and performance on Total Income and Revenues and Adjusted EBITDA.

What performance metrics determine PSU vesting for Enlight Renewable Energy (ENLT) vice chairman Yair Seroussi?

PSU vesting depends on two equally weighted metrics. Total Income and Revenues and Adjusted EBITDA, as reported in the company’s Form 20-F, are measured against the midpoint of the company’s forecast for each year, with vesting scaled from 90% to 100% achievement.

Does overperformance in one metric offset underperformance in the other for Enlight Renewable Energy PSUs?

No, the two PSU performance metrics are evaluated independently. Total Income and Revenues and Adjusted EBITDA are each measured against targets, and overperformance in one cannot offset underperformance in the other. Each metric contributes separately to the vesting outcome for that year’s tranche.