Enlight Renewable Energy (NASDAQ: ENLT) chair reports initial share and option holdings

Rhea-AI Filing Summary

Enlight Renewable Energy Ltd. executive chairman Gilad Yavetz filed an initial statement of beneficial ownership. He directly holds 889,947.1 ordinary shares and performance-based and time-based equity awards that can convert into additional ordinary shares. These include 76,055 performance-based RSUs and stock options for 352,207 shares at $23.22 expiring on 2028-09-30, and 345,927 shares at $27.33 expiring on 2032-10-01, all tied to multi-year vesting and, for PSUs, revenue and Adjusted EBITDA performance targets.

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^*

Yavetz Gilad

(Last) (First) (Middle)

C/O ENLIGHT RENEWABLE ENERGY LTD.

13 AMAL ST. AFEK INDUSTRIAL PARK

(Street)

ROSH HAAYIN 4809249

(City) (State) (Zip)

ISRAEL

(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
X	Officer (give title below)		Other (specify below)
	EXEC. 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	889,947.1(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
Performance-Based RSUs	(2)	(2)	Ordinary shares, NIS 0.1 par value per share	76,055	(2)	D
Stock Options (right to buy)	(3)	09/30/2028	Ordinary shares, NIS 0.1 par value per share	352,207	$23.22(4)	D
Stock Options (right to buy)	(5)	10/01/2032	Ordinary shares, NIS 0.1 par value per share	345,927	$27.33(6)	D

Explanation of Responses:

1. Includes (i) 65,268 restricted share units granted on April 17, 2024, with 21,756 vesting on each of April 17, 2026, April 17, 2027, and April 17, 2028; and (ii) 6,726 restricted share units granted on October 1, 2025, with 1,681 vesting on October 1, 2026, 1,682 vesting on October 1, 2027, 1,681 vesting on October 1, 2028, and 1,682 vesting on October 1, 2029. Each restricted share unit represents a contingent right to receive one ordinary share of the Company.

2. Performance-based RSUs ("PSUs") were granted on October 1, 2025 and vest in four annual tranches beginning 12 months after the grant date, 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.

3. Stock options were granted on September 30, 2021, with 8,457 having vested on December 30, 2022, 31,250 having vested on March 30, 2023, 31,250 having vested on June 30, 2023, 31,250 having vested on September 30, 2023, 50,000 having vested on December 30, 2023, 50,000 having vested on March 30, 2023, 50,000 having vested on June 30, 2023, 50,000 having vested on September 30, 2024, 12,500 having vested on December 30, 2024, 12,500 having vested on March 30, 2025, 12,500 having vested on June 30, 2025, and 12,500 having vested on September 30, 2025.

4. 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.

5. Stock options were granted on October 1, 2025, with 86,481 vesting on October 1, 2026, and 86,482 vesting on each of October 1, 2027, October 1, 2028, and October 1, 2029.

6. 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney by Gilad Yavetz

	/s/ Helit Megido as attorney-in-fact for Gilad Yavetz	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 does the Form 3 for Enlight Renewable Energy (ENLT) show for Gilad Yavetz?

The Form 3 shows Gilad Yavetz’s initial beneficial ownership in Enlight. He directly holds 889,947.1 ordinary shares plus several equity awards, including RSUs and stock options that may convert into additional ordinary shares over time, subject to vesting and performance conditions.

How many Enlight Renewable Energy (ENLT) ordinary shares does Gilad Yavetz directly hold?

Gilad Yavetz directly holds 889,947.1 ordinary shares. This is his reported ownership position as of the Form 3 date and excludes additional shares that could be issued later from his RSUs and stock options once vesting and performance criteria are met.

What performance-based RSUs does Gilad Yavetz report in his ENLT Form 3?

He reports 76,055 performance-based RSUs tied to Enlight ordinary shares. These PSUs were granted on October 1, 2025 and vest annually over four years, conditioned on continued service and achieving Total Income, Revenues, and Adjusted EBITDA targets versus the company’s annual forecasts.

What stock options are disclosed for Gilad Yavetz in Enlight Renewable Energy (ENLT)?

He holds options over 352,207 shares with a $23.22 exercise price expiring on September 30, 2028, and 345,927 shares at $27.33 expiring on October 1, 2032. These options vest in scheduled tranches, creating potential future share issuance upon exercise.

How do the vesting schedules work for Gilad Yavetz’s RSUs at Enlight Renewable Energy (ENLT)?

Time-based RSUs granted in April 2024 and October 2025 vest in annual installments through October 2029. Each restricted share unit converts into one ordinary share upon vesting, assuming continued service, gradually increasing his potential share ownership over several years.

How are performance targets measured for Gilad Yavetz’s PSUs at Enlight Renewable Energy (ENLT)?

The PSUs use Total Income, Revenues, and Adjusted EBITDA metrics, each weighed equally. Performance is measured against the midpoint of Enlight’s forecast for each year; achieving 90% of target yields 50% vesting for that metric, with linear interpolation between 90% and 100% achievement.