NovoCure (NASDAQ: NVCR) General Counsel receives 17,755-share performance award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NovoCure Ltd reported an insider equity award for its General Counsel, Ben Arye Barak. He acquired 17,755 ordinary shares on February 28, 2026 at a stated price of $0.00 per share, described as the vesting of performance-based restricted stock units.
Following this grant/vesting, Barak’s direct holdings increased to 192,328 ordinary shares. This transaction reflects stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ben Arye Barak
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 17,755 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 192,328 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did NovoCure (NVCR) report for Ben Arye Barak?
NovoCure reported that General Counsel Ben Arye Barak acquired 17,755 ordinary shares through a grant/vesting event. The Form 4 describes this as vesting of performance-based restricted stock units, increasing his direct ownership stake in the company’s ordinary shares.
Was the NovoCure (NVCR) insider transaction an open-market buy or sale?
The transaction was not an open-market buy or sale. It was coded as a grant or award acquisition, with 17,755 ordinary shares received at a stated price of $0.00 per share from vesting performance-based restricted stock units.
What does the footnote say about the NovoCure (NVCR) Form 4 transaction?
The footnote explains that the 17,755 ordinary shares represent vesting of performance-based restricted stock units. This clarifies that the General Counsel’s additional shares came from equity-based compensation rather than purchases on the open market or other cash transactions.
What is the transaction code used in this NovoCure (NVCR) Form 4?
The transaction uses code “A,” indicating a grant, award, or other acquisition. In this case, 17,755 ordinary shares were acquired at a stated price of $0.00 per share due to vesting of performance-based restricted stock units, increasing the insider’s holdings.