Does the Form 3 for Elbit Systems (ESLT) show any recent share purchases or sales?

No transactions are reported. The entry reflects a holding of 19,318,508 ordinary shares indirectly through Federmann Enterprises Ltd., serving as an initial ownership statement rather than documenting new purchases or sales.

Elbit Systems (ESLT) director shows indirect stake in 19.3M shares

Q: What does Michael Federmann report in his Form 3 for Elbit Systems (ESLT)?

He reports indirect holdings of 19,318,508 Elbit Systems ordinary shares through Federmann Enterprises Ltd. The filing establishes his initial ownership position as a director, reflecting shares held via related family-controlled entities.

Q: How are the 19,318,508 Elbit Systems (ESLT) shares held for Michael Federmann?

The 19,318,508 ordinary shares are held indirectly through Federmann Enterprises Ltd. Footnotes describe a chain of control involving Heris Aktiengesellschaft and several Federmann family companies that collectively hold these shares.

Q: Does Michael Federmann claim full beneficial ownership of the Elbit Systems (ESLT) shares?

No. He disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest. The report clarifies that it should not be viewed as an admission of beneficial ownership for Section 16 or other purposes.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Elbit Systems Ltd. director Michael Federmann filed an initial ownership statement reporting indirect holdings of 19,318,508 ordinary shares, all held through Federmann Enterprises Ltd.

Footnotes explain a multi‑layer holding structure involving Heris Aktiengesellschaft and several Federmann family entities, and note that Mr. Federmann disclaims beneficial ownership beyond his pecuniary interest and indirect economic stake in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FEDERMANN MICHAEL

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary shares, par value 1.00 NIS per share	--	--	--

Holdings After Transaction: Ordinary shares, par value 1.00 NIS per share — 19,318,508 shares (Indirect, By Federmann Enterprises Ltd.)

Footnotes (1)

Includes 3,836,458 Ordinary Shares directly held by Heris Aktiengesellschaft ("HF"). Federmann Enterprises Ltd. ("FEL") is the controlling shareholder of HF. Beit Federmann Ltd. ("BFL") is the controlling shareholder of FEL. Beit Bella Ltd. ("BBL") and Beit Yekutiel Ltd. ("BYL") are the controlling shareholders of BFL. Michael Federmann (the "Reporting Person" or "Mr. Federmann") is the controlling shareholder of BBL and BYL (continued on footnote 2). Mr. Federmann is also the trustee of a trust on behalf of his sister, Irith Federmann-Landeau, that holds an indirect non-voting economic interest to approximately 7.26% of Elbit System Ltd.'s (the "Issuer") outstanding Ordinary Shares through an indirect approximately 17.5% non-voting interest in FEL. Mr. Federmann and his sons, David (who also serves as the chair of the Issuer's board), Gideon and Daniel Federmann, collectively hold an indirect economic interest equivalent to approximately 25.7% of the Issuer's outstanding Ordinary Shares, with Mr. Federmann holding an approximately 5.13% economic interest, David Federmann holding an approximately 8.2% economic interest, and each of Gideon and Daniel Federmann holding an approximately 6.15% economic interest. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Understanding Insider Trading Forms →

03/18/2026 - 01:06 PM

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

FEDERMANN MICHAEL

(Last)

(First)

(Middle)

HAYARKON 87

(Street)

TEL AVIV

63432

(City)

(State)

(Zip)

UNITED STATES

(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)

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

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, par value 1.00 NIS per share	19,318,508	I	By Federmann Enterprises Ltd.⁽¹⁾⁽²⁾⁽³⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)

Explanation of Responses:

1. Includes 3,836,458 Ordinary Shares directly held by Heris Aktiengesellschaft ("HF"). Federmann Enterprises Ltd. ("FEL") is the controlling shareholder of HF. Beit Federmann Ltd. ("BFL") is the controlling shareholder of FEL. Beit Bella Ltd. ("BBL") and Beit Yekutiel Ltd. ("BYL") are the controlling shareholders of BFL. Michael Federmann (the "Reporting Person" or "Mr. Federmann") is the controlling shareholder of BBL and BYL (continued on footnote 2).

2. Mr. Federmann is also the trustee of a trust on behalf of his sister, Irith Federmann-Landeau, that holds an indirect non-voting economic interest to approximately 7.26% of Elbit System Ltd.'s (the "Issuer") outstanding Ordinary Shares through an indirect approximately 17.5% non-voting interest in FEL. Mr. Federmann and his sons, David (who also serves as the chair of the Issuer's board), Gideon and Daniel Federmann, collectively hold an indirect economic interest equivalent to approximately 25.7% of the Issuer's outstanding Ordinary Shares, with Mr. Federmann holding an approximately 5.13% economic interest, David Federmann holding an approximately 8.2% economic interest, and each of Gideon and Daniel Federmann holding an approximately 6.15% economic interest.

3. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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)

Source: View Original Filing on SEC EDGAR

FAQ

What does Michael Federmann report in his Form 3 for Elbit Systems (ESLT)?

He reports indirect holdings of 19,318,508 Elbit Systems ordinary shares through Federmann Enterprises Ltd. The filing establishes his initial ownership position as a director, reflecting shares held via related family-controlled entities.

How are the 19,318,508 Elbit Systems (ESLT) shares held for Michael Federmann?

The 19,318,508 ordinary shares are held indirectly through Federmann Enterprises Ltd. Footnotes describe a chain of control involving Heris Aktiengesellschaft and several Federmann family companies that collectively hold these shares.

What economic interest does Michael Federmann disclose in Elbit Systems (ESLT)?

The filing states that Mr. Federmann and his sons collectively hold an indirect economic interest equivalent to approximately 25.7% of Elbit’s outstanding ordinary shares, with Mr. Federmann’s own economic interest described as approximately 5.13%.

Does Michael Federmann claim full beneficial ownership of the Elbit Systems (ESLT) shares?

No. He disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest. The report clarifies that it should not be viewed as an admission of beneficial ownership for Section 16 or other purposes.

How are other family members’ interests in Elbit Systems (ESLT) described?

Footnotes describe a trust for his sister holding an indirect non-voting economic interest of about 7.26%, and indicate that his sons David, Gideon, and Daniel collectively contribute to the family’s total approximately 25.7% indirect economic interest.