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Intercure (INCR) CEO details major share, warrant and option holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Intercure Ltd. Chief Executive Officer Alexander Rabinovich filed an initial Form 3 showing his beneficial ownership of the company’s securities. The filing lists indirect holdings of Ordinary Shares through Green Forest Global (A.S.R) Ltd., D.I.M Investments Ltd., and D.I.M Risk Management Ltd., as well as a substantial block of Ordinary Shares held directly.

Rabinovich also reports derivative positions held directly, including 2,070,393 Warrants with an exercise price of $1.86 per share expiring on March 3, 2029, and 460,000 employee share options with an exercise price of $7.11 per share expiring on June 21, 2026.

Positive

  • None.

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Insider Rabinovich Alexander
Role Chief Executive Officer
Type Security Shares Price Value
holding Employee share options (right to buy) -- -- --
holding Warrants -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Employee share options (right to buy) — 460,000 shares (Direct, null); Warrants — 2,070,393 shares (Direct, null); Ordinary Shares — 5,240,333 shares (Direct, null); Ordinary Shares — 1,138,911 shares (Indirect, By D.I.M Risk Management Ltd.)
Footnotes (1)
  1. The options were granted on September 15, 2022, and the current exercise price is NIS 21.76 per share. For purposes of this Form 3, the exercise price has been converted into U.S. dollars using an exchange rate of NIS 3.06 to USD $1.00 as of April 14, 2026, resulting in an exercise price of $7.11 per share. The options vest on a quarterly basis over four years from the date of grant. The Warrants were granted on February 14, 2025, and the current exercise price is NIS 5.70 per share. For purposes of this Form 3, the exercise price has been converted into U.S. dollars using an exchange rate of NIS 3.06 to USD $1.00 as of April 14, 2026, resulting in an exercise price of $1.86 per share.
Direct Ordinary Shares 5,240,333 shares Directly held Ordinary Shares reported on Form 3
Indirect shares via Green Forest Global 1,246,924 shares Ordinary Shares held indirectly through Green Forest Global (A.S.R) Ltd.
Indirect shares via D.I.M Investments 7,128,894 shares Ordinary Shares held indirectly through D.I.M Investments Ltd.
Indirect shares via D.I.M Risk Management 1,138,911 shares Ordinary Shares held indirectly through D.I.M Risk Management Ltd.
Warrants position 2,070,393 warrants at $1.86 Directly held warrants, exercise price $1.86, expiring March 3, 2029
Employee share options 460,000 options at $7.11 Employee share options, exercise price $7.11, expiring June 21, 2026
Form 3 regulatory
"Chief Executive Officer Alexander Rabinovich filed an initial Form 3 showing his beneficial ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
indirect ownership financial
"The filing lists indirect holdings of Ordinary Shares through Green Forest Global, D.I.M Investments, and D.I.M Risk Management"
warrants financial
"Rabinovich also reports derivative positions held directly, including 2,070,393 Warrants with an exercise price of $1.86 per share"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
employee share options financial
"and 460,000 employee share options with an exercise price of $7.11 per share expiring on June 21, 2026"
exercise price financial
"The options were granted on September 15, 2022, and the current exercise price is NIS 21.76 per share"
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.
SEC Form 3
FORM 3UNITED 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*
Rabinovich Alexander

(Last)(First)(Middle)
85 MEDINAT HA-YEHUDIM STREET

(Street)
HERZLIYAISRAEL4676670

(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
Intercure Ltd. [ INCR ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 Shares5,240,333D
Ordinary Shares1,138,911IBy D.I.M Risk Management Ltd.
Ordinary Shares7,128,894IBy D.I.M Investments Ltd.
Ordinary Shares1,246,924IBy Green Forest Global (A.S.R) Ltd.
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 ExercisableExpiration DateTitleAmount or Number of Shares
Employee share options (right to buy)(1)09/15/202206/21/2026Employee share options (right to buy)(1)460,000$7.11D
Warrants(2)03/03/202503/03/2029Warrants2,070,393$1.86D
Explanation of Responses:
1. The options were granted on September 15, 2022, and the current exercise price is NIS 21.76 per share. For purposes of this Form 3, the exercise price has been converted into U.S. dollars using an exchange rate of NIS 3.06 to USD $1.00 as of April 14, 2026, resulting in an exercise price of $7.11 per share. The options vest on a quarterly basis over four years from the date of grant.
2. The Warrants were granted on February 14, 2025, and the current exercise price is NIS 5.70 per share. For purposes of this Form 3, the exercise price has been converted into U.S. dollars using an exchange rate of NIS 3.06 to USD $1.00 as of April 14, 2026, resulting in an exercise price of $1.86 per share.
/s/ Alexander Rabinovich04/20/2026
** Signature of Reporting PersonDate
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 does Alexander Rabinovich’s Form 3 filing for Intercure (INCR) show?

The Form 3 shows CEO Alexander Rabinovich’s initial beneficial ownership in Intercure. It lists indirect Ordinary Share holdings through several entities, direct Ordinary Share holdings, and significant derivative positions in warrants and employee share options with specified exercise prices and expiration dates.

How many Intercure (INCR) shares does Alexander Rabinovich hold directly?

The Form 3 reports 5,240,333 Ordinary Shares held directly by Alexander Rabinovich. This direct holding is in addition to multiple blocks of Ordinary Shares held indirectly through affiliated entities and separate derivative positions in warrants and employee share options reported in the same filing.

What indirect share holdings are reported for Intercure (INCR)’s CEO on Form 3?

The filing shows indirect Ordinary Share holdings of 1,246,924 through Green Forest Global (A.S.R) Ltd., 7,128,894 through D.I.M Investments Ltd., and 1,138,911 through D.I.M Risk Management Ltd. These positions reflect beneficial ownership through affiliated entities rather than direct personal registration.

What warrants does Alexander Rabinovich report in the Intercure (INCR) Form 3?

Rabinovich reports 2,070,393 Warrants held directly, each with an exercise price of $1.86 per share and an expiration date of March 3, 2029. These warrants represent the right, but not the obligation, to purchase additional Ordinary Shares before expiration.

What employee share options are disclosed for Intercure (INCR)’s CEO?

The Form 3 lists 460,000 employee share options with an exercise price of $7.11 per share, expiring on June 21, 2026. The footnotes explain these options were granted in September 2022 and vest quarterly over four years from the grant date.

Were any buy or sell transactions reported in this Intercure (INCR) Form 3?

No buy or sell transactions are indicated. The entries are categorized as holdings, and the transaction summary shows zero buys and zero sells. This Form 3 functions as an initial statement of existing beneficial ownership rather than a record of new trades.