Elbit Systems (ESLT) EVP Ran Kril reports indirect stock option grants

Rhea-AI Filing Summary

Elbit Systems Ltd. executive Ran Kril, an Executive Vice President, reported his initial beneficial ownership of two indirect employee stock option grants over the company’s ordinary shares. The options are held in an employee benefit trust managed by IBI Trust Management, with Mr. Kril as the sole beneficiary.

One option grant covers 8,000 underlying ordinary shares at an exercise price of 134.3400 per share and expires on July 7, 2027. The other covers 50,000 underlying ordinary shares at an exercise price of 197.8200 per share and expires on December 19, 2028. A net exercise mechanism may result in fewer shares being issued upon exercise.

The filing notes that the April 7, 2021 grant is 80% vested, with the remaining 20% vesting on April 7, 2026, while the September 19, 2024 grant vests in three tranches through September 19, 2028.

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^*

Kril Ran

(Last) (First) (Middle)

ADVANCED TECHNOLOGY CENTER PO BOX 539

(Street)

HAIFA 3100401

(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
ELBIT SYSTEMS LTD [ ESLT ]

3a. Foreign Trading Symbol
[ESLT]

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

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)

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
Employee Stock Option (right to buy)	(1)	07/07/2027	Ordinary Shares	8,000(2)	$134.34	I(3)	Held in an employee benefit trust by IBI Trust Management
Employee Stock Option (right to buy)	(4)	12/19/2028	Ordinary Shares	50,000(2)	$197.82	I(3)	Held in an employee benefit trust by IBI Trust Management

Explanation of Responses:

1. Mr. Kril received a grant of options on April 7, 2021, 80% of which has vested and become exercisable. The remaining 20% will vest and become exercisable on April 7, 2026.

2. Unless otherwise determined by the option plans' administrators, a net exercise mechanism will be used with respect to the options, which entitles Mr. Kril to exercise the options for a number of shares determined based on the excess, if any, of the fair market value of the shares underlying such options minus the exercise price of such options, calculated based on the date of exercise. Therefore, the number of shares actually received by Mr. Kril following any exercise of options will likely be fewer than the number of shares subject to the options.

3. Mr. Kril's options are held in trust in accordance with the terms of his award agreement and the option plan under which they were granted. Mr. Kril is the sole beneficiary of the options.

4. Mr. Kril received a grant of options on September 19, 2024, which vests and becomes exercisable in three tranches: 40% on September 19, 2026, 30% on September 19, 2027, and 30% on September 19, 2028.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Adi Pinchas Confino, Attorney-in-Fact	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).
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 3: SEC 1473 (03-26)

FAQ

What insider position did Elbit Systems (ESLT) executive Ran Kril report?

Ran Kril, an Executive Vice President at Elbit Systems, reported initial beneficial ownership of two employee stock option grants held in an employee benefit trust. These options give him rights over underlying ordinary shares subject to vesting schedules and specified exercise prices.

How many Elbit Systems (ESLT) shares underlie Ran Kril’s reported options?

The filing shows options over 8,000 underlying ordinary shares in one grant and 50,000 in another. These totals reflect the shares tied to the option awards, not current share ownership following any exercises or sales.

What are the exercise prices and expirations of Ran Kril’s Elbit Systems options?

One Elbit Systems option grant has an exercise price of 134.3400 per share and expires on July 7, 2027. The second has an exercise price of 197.8200 per share and expires on December 19, 2028, according to the disclosure.

How and where are Ran Kril’s Elbit Systems stock options held?

The options are held indirectly in an employee benefit trust managed by IBI Trust Management. The filing explains they are held in trust under his award agreement and option plan terms, and that Mr. Kril is the sole beneficiary of these options.

What are the vesting schedules of Ran Kril’s Elbit Systems option grants?

One grant from April 7, 2021 is 80% vested, with the remaining 20% vesting on April 7, 2026. A second grant from September 19, 2024 vests 40% on that date, then 30% on September 19, 2027 and 30% on September 19, 2028.

What does the net exercise mechanism mean for Ran Kril’s Elbit Systems options?

A net exercise mechanism lets Mr. Kril receive shares equal to the excess of fair market value over the exercise price. The filing notes that because of this method, the number of shares actually received upon exercising options will likely be fewer than the total shares subject to the options.