Enlight Renewable (ENLT) exec sells 6,402 shares, keeps large option stake

Rhea-AI Filing Summary

Enlight Renewable Energy Ltd. executive Marko Liposcak sold 6,402 ordinary shares in an open-market transaction. The shares were sold at a price of $92.53 per share, leaving him with 32,539 ordinary shares held directly after the sale.

He also holds stock options with an exercise price of $27.33 per share, expiring on October 1, 2032, which are exercisable for 89,767 ordinary shares. These options were not transacted and are reported for informational purposes only, alongside previously granted restricted share units that vest over future dates.

Insights

Insider transactions analyst

Routine executive share sale with substantial remaining equity and option exposure.

Marko Liposcak, General Manager of Enlight EU, executed an open-market sale of 6,402 ordinary shares at $92.53 each, and now directly holds 32,539 shares. This is a partial reduction rather than a full exit from his equity position.

Alongside the sale, he retains stock options with a $27.33 exercise price, expiring on October 1, 2032, covering 89,767 underlying shares, plus multiple tranches of restricted share units that vest between 2026 and 2029. The filing describes the options as included for informational purposes, indicating no option exercise occurred in this report.

Overall, the transaction reflects a realized gain on a portion of his holdings while maintaining significant ongoing exposure through remaining shares, unexercised options, and unvested restricted share units. The net effect appears consistent with typical executive liquidity and compensation patterns rather than a wholesale change in alignment.

Insider Trade Summary

Net Seller: 6,402 shares ($592,377)

Net Sell 2 txns

Insider Liposcak Marko

Role GENERAL MANAGER, ENLIGHT EU

Sold 6,402 shs ($592K)

Type	Security	Shares	Price	Value
Sale	Ordinary shares, NIS 0.1 par value per share	6,402	$92.53	$592K
holding	Stock Options (right to buy)	--	--	--

Holdings After Transaction: Ordinary shares, NIS 0.1 par value per share — 32,539 shares (Direct, null); Stock Options (right to buy) — 89,767 shares (Direct, null)

Footnotes (1)

1. Represents a transaction price of NIS 269.16, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.909 as of the date immediately preceding the date of the transaction. Consists of (i) 12,803 restricted share units granted on April 21, 2024, with 6,401 vesting on April 21, 2027 and 6,402 vesting on April 21, 2028; and (ii) 19,736 restricted share units granted on October 1, 2025, with 4,934 vesting on each of October 1, 2026, October 1, 2027, October 1, 2028, and October 1, 2029. Each restricted share unit represents a contingent right to receive one ordinary share of the Company. 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 22,441 vesting on October 1, 2026, and 22,442 vesting on each of October 1, 2027, October 1, 2028, 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.

Key Figures

Shares sold: 6,402 shares Sale price: $92.53 per share Shares held after sale: 32,539 shares +5 more

8 metrics

Shares sold 6,402 shares Open-market sale of ordinary shares

Sale price $92.53 per share Transaction price for 6,402 ordinary shares

Shares held after sale 32,539 shares Ordinary shares directly owned post-transaction

Option exercise price $27.33 per share Stock options (right to buy) exercise price

Option underlying shares 89,767 shares Underlying ordinary shares for unexercised options

Option expiration October 1, 2032 Expiration date of stock options

RSUs granted April 21, 2024 12,803 units Restricted share units with vesting in 2027 and 2028

RSUs granted October 1, 2025 19,736 units Restricted share units vesting from 2026 to 2029

Key Terms

open-market sale, restricted share units, Bank of Israel representative exchange rate, Stock Options (right to buy, +1 more

5 terms

open-market sale financial

"Sale in open market or private transaction"

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.

restricted share units financial

"Consists of (i) 12,803 restricted share units granted on April 21, 2024"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Bank of Israel representative exchange rate financial

"converted to U.S. dollars using the Bank of Israel representative exchange rate"

Stock Options (right to buy financial

"Stock Options (right to buy)"

exercise price financial

"Represents an exercise price of NIS 84.60, converted to U.S. dollars"

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.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Liposcak Marko

(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. Issuer Name and Ticker or Trading Symbol
Enlight Renewable Energy Ltd. [ ENLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GENERAL MANAGER, ENLIGHT EU

2a. Foreign Trading Symbol
[ENLT]

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary shares, NIS 0.1 par value per share	05/12/2026		S		6,402	D	$92.53(1)	32,539(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (right to buy)	$27.33(3)							(4)	10/01/2032	Ordinary shares, NIS 0.1 par value per share	89,767(5)		89,767(5)	D

Explanation of Responses:

1. Represents a transaction price of NIS 269.16, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.909 as of the date immediately preceding the date of the transaction.

2. Consists of (i) 12,803 restricted share units granted on April 21, 2024, with 6,401 vesting on April 21, 2027 and 6,402 vesting on April 21, 2028; and (ii) 19,736 restricted share units granted on October 1, 2025, with 4,934 vesting on each of October 1, 2026, October 1, 2027, October 1, 2028, and October 1, 2029. Each restricted share unit represents a contingent right to receive one ordinary share of the Company.

3. 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.

4. Stock options were granted on October 1, 2025, with 22,441 vesting on October 1, 2026, and 22,442 vesting on each of October 1, 2027, October 1, 2028, and October 1, 2029.

5. 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.

	/s/ Helit Megido as attorney-in-fact for Marko Liposcak	05/13/2026
	** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Enlight Renewable Energy (ENLT) executive Marko Liposcak do in this Form 4?

Marko Liposcak reported an open-market sale of 6,402 Enlight Renewable Energy ordinary shares. He sold them at a price of $92.53 per share and continued to hold 32,539 ordinary shares directly after the transaction, maintaining a meaningful equity stake.

How many Enlight Renewable Energy (ENLT) shares does Marko Liposcak hold after the sale?

After selling 6,402 ordinary shares, Marko Liposcak directly holds 32,539 Enlight Renewable Energy shares. This position reflects his remaining ownership following the reported transaction and indicates that he still has a substantial continuing equity interest in the company.

At what price did Marko Liposcak sell his ENLT shares?

He sold 6,402 Enlight Renewable Energy ordinary shares at $92.53 per share. A footnote explains this reflects NIS 269.16 converted to U.S. dollars using the Bank of Israel representative exchange rate as of the date immediately preceding the transaction.

What stock options related to ENLT does Marko Liposcak hold according to this filing?

He holds stock options with an exercise price of $27.33 per share, expiring on October 1, 2032, covering 89,767 underlying ordinary shares. The filing notes no transaction occurred in these options; they are included for informational reporting only.

Does the Form 4 show any restricted share units (RSUs) for Enlight Renewable Energy (ENLT)?

Yes. Footnotes describe 12,803 restricted share units granted April 21, 2024 and 19,736 granted October 1, 2025. These RSUs vest in scheduled installments from 2026 through 2029, each unit representing a contingent right to receive one ordinary share.

Was there any option exercise by Marko Liposcak in this ENLT Form 4?

No option exercise is reported. The stock options, exercisable at $27.33 and expiring October 1, 2032, are included for informational purposes only, and a footnote explicitly states no transaction has been effected by the reporting person with respect to these securities.