Elbit Systems (ESLT) EVP granted 5,000 employee stock options

Rhea-AI Filing Summary

Elbit Systems Ltd Executive Vice President Haim Daniel Delmar received an award of 5,000 employee stock options, indirectly held in an employee benefit trust managed by IBI Trust Management. The options have an exercise price of 912.6000 per share and are exercisable into 5,000 Ordinary Shares.

The options vest in three tranches: 40% on March 24, 2028, 30% on March 24, 2029, and 30% on March 24, 2030, and expire on June 24, 2031. The plan uses a net exercise mechanism, so the actual shares delivered upon exercise will likely be fewer than 5,000. Mr. Delmar is the sole beneficiary of the options.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Delmar Haim Daniel

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (right to buy)	5,000	$0.00	--

Holdings After Transaction: Employee Stock Option (right to buy) — 5,000 shares (Indirect, Held in an employee benefit trust by IBI Trust Management)

Footnotes (1)

1. These options will vest and become exercisable in three tranches: 40% on March 24, 2028, 30% on March 24, 2029, and 30% on March 24, 2030. Unless otherwise determined by the option plan's administrators, a net exercise mechanism will be used with respect to the options, which entitles Mr. Delmar 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. Delmar following any exercise of options will likely be fewer than the number of shares subject to the options. Mr. Delmar's options are held in trust in accordance with the terms of his award agreement and the plan under which they were granted. Mr. Delmar is the sole beneficiary of the options.

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^*

Delmar Haim Daniel

(Last) (First) (Middle)

ADVANCED TECHNOLOGY CENTER PO BOX 539

(Street)

HAIFA 3100401

(City) (State) (Zip)

ISRAEL

(Country)

2. Issuer Name and Ticker or Trading Symbol
ELBIT SYSTEMS LTD [ ESLT ]

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

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

2a. Foreign Trading Symbol
[ESLT]

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

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
Employee Stock Option (right to buy)	$912.6	03/24/2026		A		5,000		(1)	06/24/2031	Ordinary Shares	5,000(2)	$0	5,000	I	Held in an employee benefit trust by IBI Trust Management(3)

Explanation of Responses:

1. These options will vest and become exercisable in three tranches: 40% on March 24, 2028, 30% on March 24, 2029, and 30% on March 24, 2030.

2. Unless otherwise determined by the option plan's administrators, a net exercise mechanism will be used with respect to the options, which entitles Mr. Delmar 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. Delmar following any exercise of options will likely be fewer than the number of shares subject to the options.

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

	/s/ Adi Pinchas Confino, Attorney-in-Fact	03/25/2026
	** 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 insider transaction did Elbit Systems (ESLT) report for Haim Daniel Delmar?

Elbit Systems reported that Executive Vice President Haim Daniel Delmar received 5,000 employee stock options. These options are held in an employee benefit trust, are exercisable into 5,000 Ordinary Shares at 912.6000 per share, and represent an equity-based compensation award, not an open‑market share purchase.

What are the vesting terms of the 5,000 stock options granted to Elbit Systems EVP?

The 5,000 options granted to the Executive Vice President vest in three stages. Forty percent vest on March 24, 2028, thirty percent on March 24, 2029, and the remaining thirty percent on March 24, 2030, creating a multi‑year incentive tied to continued service.

What is the exercise price and expiration date of the Elbit Systems EVP stock options?

The options have an exercise price of 912.6000 per underlying Ordinary Share and expire on June 24, 2031. This gives the executive a multi‑year window to exercise, subject to vesting and the net exercise mechanism described in the award terms.

How are the Elbit Systems EVP options held and who benefits from them?

The options are held indirectly in an employee benefit trust managed by IBI Trust Management. According to the disclosure, the options are held in trust under the award agreement and plan, and Mr. Delmar is identified as the sole beneficiary of these options.

What is the net exercise mechanism mentioned in the Elbit Systems Form 4 footnotes?

The net exercise mechanism allows the holder to receive shares based on the excess of fair market value over the exercise price at exercise. Because only the net value is delivered in shares, the number of Ordinary Shares actually received will likely be less than the 5,000 options granted.

Did the Elbit Systems EVP buy or sell shares on the market in this Form 4?

No open‑market buy or sell is reported. The Form 4 shows a derivative transaction coded as a grant or award acquisition of 5,000 employee stock options, providing potential future equity, rather than an immediate market purchase or sale of Ordinary Shares.