Enlight (NASDAQ: ENLT) partner entity sells 73,436 ordinary shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enlight Renewable Energy Ltd. director Shai Yeshayahu Weil reported an open-market sale of 73,436 ordinary shares at $93.68 per share. The sale was executed by Givon Investments Partnership (GAAS), a partnership controlled by the Weil family, where he is a general partner and disclaims beneficial ownership except for his pecuniary interest.
Following the transaction, the partnership held 396,655 ordinary shares indirectly. Weil also reported 18,022 ordinary shares held directly, which include 1,704 restricted share units granted on April 17, 2024 that vest on April 17, 2027; no transaction occurred in those securities in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 73,436 shares ($6,879,484)
Net Sell
2 txns
Insider
Weil Shai Yeshayahu
Role
null
Sold
73,436 shs ($6.88M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary shares, NIS 0.1 par value per share | 73,436 | $93.68 | $6.88M |
| holding | Ordinary shares, NIS 0.1 par value per share | -- | -- | -- |
Holdings After Transaction:
Ordinary shares, NIS 0.1 par value per share — 396,655 shares (Indirect, By Givon Investments Partnership (GAAS));
Ordinary shares, NIS 0.1 par value per share — 18,022 shares (Direct, null)
Footnotes (1)
- Represents a price of NIS 272.34, 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. The reporting person is a general partner of Givon Investments Partnership (GAAS), the partnership that owns the reported securities. The partnership is controlled by the Weil family of which the reporting person is a part. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Includes 1,704 restricted share units granted on April 17, 2024, each of which will vest on April 17, 2027. Each restricted share unit represents a contingent right to receive one ordinary share of the Company. 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.
Key Figures
Shares sold: 73,436 shares
Sale price per share: $93.68 per share
Post-sale indirect holdings: 396,655 shares
+4 more
7 metrics
Shares sold
73,436 shares
Ordinary shares sold in open-market transaction
Sale price per share
$93.68 per share
Price for ordinary shares sold on transaction date
Post-sale indirect holdings
396,655 shares
Ordinary shares held by Givon Investments Partnership (GAAS) after sale
Direct holdings
18,022 shares
Ordinary shares reported as directly held by Shai Yeshayahu Weil
Restricted share units
1,704 RSUs
RSUs granted April 17, 2024, vesting April 17, 2027
NIS share price
NIS 272.34
Price per share in NIS used for FX conversion
Exchange rate
$1.00 = NIS 2.907
Bank of Israel representative rate before transaction date
Key Terms
restricted share units, pecuniary interest, general partner, indirect ownership, +1 more
5 terms
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
general partner financial
"The reporting person is a general partner of Givon Investments Partnership (GAAS)"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "By Givon Investments Partnership (GAAS)""
open-market sale financial
"transaction_action: "open-market sale" for the 73,436 ordinary shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Enlight Renewable Energy (ENLT) report on this Form 4?
Enlight Renewable Energy reported an open-market sale of 73,436 ordinary shares at $93.68 per share. The transaction was carried out by Givon Investments Partnership (GAAS), a Weil-family controlled partnership associated with director Shai Yeshayahu Weil, who disclaims beneficial ownership except for his pecuniary interest.
What direct holdings and RSUs does Enlight Renewable Energy (ENLT) director Shai Weil report?
Director Shai Yeshayahu Weil reported direct ownership of 18,022 Enlight ordinary shares, including 1,704 restricted share units. These RSUs were granted on April 17, 2024 and will vest on April 17, 2027, and no transaction occurred in these securities in this Form 4 filing.