Enlight (ENLT) vice chair sells shares after exercising 20,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enlight Renewable Energy vice chairman and director Yair Seroussi reported a combination of option exercises, tax withholdings and share sales in the company’s ordinary shares. He exercised stock options to acquire 20,000 ordinary shares at an exercise price of $23.22 per share, with 5,628 shares withheld to cover the exercise price and related obligations.
Seroussi sold 14,372 ordinary shares in open-market transactions at prices of $93.04 and $94.24 per share and now directly holds 14,233 ordinary shares. He also continues to hold performance-based RSUs covering 11,339 underlying shares and stock options covering 51,574 underlying shares, providing substantial remaining equity exposure.
Positive
- None.
Negative
- None.
Insights
Routine option exercises with partial share sales; sizeable equity stake remains.
Yair Seroussi, vice chairman of Enlight Renewable Energy, exercised options for 20,000 ordinary shares at an exercise price of $23.22 per share. A total of 5,628 shares were retained by the company to cover the option exercise price and related obligations, a standard non-market mechanism.
He then sold 14,372 ordinary shares in open-market transactions at $93.04 and $94.24 per share. Following these trades, he still directly holds 14,233 ordinary shares and retains performance-based RSUs over 11,339 shares plus options over 51,574 shares. This pattern reflects an exercise-and-sell sequence that provides liquidity while leaving a significant ongoing equity interest tied to future performance and share price.
Insider Trade Summary
Net Seller: 14,372 shares ($1,341,482)
Net Sell
10 txns
Insider
SEROUSSI YAIR
Role
null
Sold
14,372 shs ($1.34M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 5,000 | $0.00 | -- |
| Exercise | Stock Options (right to buy) | 15,000 | $0.00 | -- |
| Exercise | Ordinary shares, NIS 0.1 par value per share | 5,000 | $23.22 | $116K |
| Tax Withholding | Ordinary shares, NIS 0.1 par value per share | 1,407 | $94.24 | $133K |
| Sale | Ordinary shares, NIS 0.1 par value per share | 3,593 | $94.24 | $339K |
| Exercise | Ordinary shares, NIS 0.1 par value per share | 15,000 | $23.22 | $348K |
| Tax Withholding | Ordinary shares, NIS 0.1 par value per share | 4,221 | $93.04 | $393K |
| Sale | Ordinary shares, NIS 0.1 par value per share | 10,779 | $93.04 | $1.00M |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Performance-Based RSUs | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 31,000 shares (Direct, null);
Ordinary shares, NIS 0.1 par value per share — 19,233 shares (Direct, null);
Performance-Based RSUs — 11,339 shares (Direct, null)
Footnotes (1)
- 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. Includes 7,117 restricted share units granted on April 17, 2024, with 3,558 vesting on 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. These shares were retained by the Company in payment of the exercise price of the employee stock options exercised by the Reporting Person. The amount retained by the Company was not in excess of the amount of the exercise price. Represents a transaction price of NIS 273.97, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.907 as of the date immediately preceding the date of the transaction. Represents a transaction price of NIS 270.47, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.907 as of the date immediately preceding the date of the transaction. 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. 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. 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. No transaction has been effected by the Reporting Person with respect to these securities, and they are being included in this Form 4 for informational purposes only. 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.
Key Figures
Options exercised: 20,000 shares at $23.22/share
Shares sold: 10,779 shares at $93.04/share
Additional shares sold: 3,593 shares at $94.24/share
+4 more
7 metrics
Options exercised
20,000 shares at $23.22/share
Ordinary shares acquired via option exercise
Shares sold
10,779 shares at $93.04/share
Open-market sale of ordinary shares
Additional shares sold
3,593 shares at $94.24/share
Second open-market sale of ordinary shares
Tax/exercise withholding
5,628 shares
Shares withheld to cover exercise price and obligations
Direct holdings after transactions
14,233 shares
Ordinary shares held directly post-transaction
Performance-based RSUs
11,339 underlying shares
PSUs outstanding after transactions
Remaining stock options
51,574 underlying shares at $27.33
Unexercised options outstanding after transactions
Key Terms
Performance-based RSUs, Stock options, tax-withholding disposition, Adjusted EBITDA, +1 more
5 terms
Performance-based RSUs financial
"Performance-based RSUs ("PSUs") were granted on October 1, 2025 and vest in four annual tranches"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Stock options financial
"Stock options were granted on September 30, 2021, with 8,875 having vested on each"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Adjusted EBITDA financial
"The metrics, Total Income and Revenues, and Adjusted EBITDA (each as reported in the Company's Annual Report on Form 20-F)"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Annual Report on Form 20-F regulatory
"each as reported in the Company's Annual Report on Form 20-F"
An annual report on Form 20-F is a standardized filing that foreign companies submit to the U.S. securities regulator to disclose their financial results, business operations, risks, and management’s discussion of performance. It matters to investors because it provides a complete, audited snapshot—like a company’s financial report card and shareholder letter combined—used to assess transparency, compare companies, and judge whether the stock’s price matches underlying business strengths and risks.
FAQ
What insider transactions did Enlight Renewable Energy (ENLT) report for Yair Seroussi?
Yair Seroussi reported exercising options for 20,000 ordinary shares at $23.22 per share, with 5,628 shares withheld to cover obligations, and selling 14,372 shares in open-market trades at $93.04 and $94.24 per share, leaving a continued equity position.
What stock options did Yair Seroussi exercise in Enlight Renewable Energy (ENLT)?
He exercised stock options covering 20,000 ordinary shares at an exercise price of $23.22 per share. The filing shows two option exercises of 15,000 and 5,000 shares, both at the same stated exercise price, converting derivative positions into ordinary shares.
What ongoing equity incentives does Yair Seroussi retain in Enlight Renewable Energy?
He retains performance-based RSUs linked to 11,339 underlying ordinary shares and stock options linked to 51,574 underlying shares, with an exercise price of $27.33 per share for the options. These derivative holdings provide continuing exposure to Enlight’s future performance and share price.