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Nova (NVMI) director Yaniv Garty details multi-year RSU awards

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

Rhea-AI Filing Summary

NOVA LTD. director Yaniv Garty filed an initial ownership report showing his equity-based compensation in the company. The filing lists ordinary shares tied to restricted share units (RSUs) granted on May 18, 2023, June 20, 2024, and June 18, 2025.

The RSUs from May 18, 2023 and June 20, 2024 each vest in four equal annual installments of 25% on every anniversary of the grant date. The June 18, 2025 RSUs vest 100% on the first anniversary of that grant date, aligning his compensation with longer-term company performance.

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Insider Garty Yaniv
Role Director
Type Security Shares Price Value
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 184 shares (Direct)
Footnotes (1)
  1. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on May 18, 2023, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on May 18, 2023, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on June 20, 2024, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on June 18, 2025, which vest in accordance with the following schedule: 100% of the RSUs will vest on the first anniversary of the grant date.
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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*
Garty Yaniv
(Last)(First)(Middle)
39 PINES ST
(Street)
TEL AVIV6684703
(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
NOVA LTD. [ NVMI ]
3a. Foreign Trading Symbol
[NVMI] 		5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
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 Shares184D
Ordinary Shares(1)110D
Ordinary Shares(2)852D
Ordinary Shares(3)546D
Ordinary Shares(4)827D
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
Explanation of Responses:
1. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on May 18, 2023, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date.
2. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on May 18, 2023, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date.
3. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on June 20, 2024, which vest in accordance with the following schedule: 25% of the RSUs will vest upon each anniversary of the grant date.
4. Represents ordinary shares issuable upon vesting and settlement of an equivalent number of restricted share units (RSUs) granted to the Reporting Person by the Issuer on June 18, 2025, which vest in accordance with the following schedule: 100% of the RSUs will vest on the first anniversary of the grant date.
/S/ Yaniv Garty03/18/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What does the Form 3 filing by Yaniv Garty for NOVA LTD. (NVMI) show?

The Form 3 shows director Yaniv Garty’s initial equity holdings in NOVA LTD., primarily in the form of restricted share units (RSUs) that convert into ordinary shares as they vest over time, aligning compensation with company performance.

What RSU grants are disclosed for Yaniv Garty in NOVA LTD. (NVMI)?

The filing discloses RSU grants made to Yaniv Garty on May 18, 2023, June 20, 2024, and June 18, 2025. These RSUs represent rights to receive NOVA LTD. ordinary shares when specific vesting conditions are met.

How do Yaniv Garty’s May 18, 2023 and June 20, 2024 RSUs at NVMI vest?

For the May 18, 2023 and June 20, 2024 grants, 25% of the RSUs vest each year on the anniversary of the grant date. Over four years, all units from each grant can vest, subject to continued eligibility conditions.

What is the vesting schedule for Yaniv Garty’s June 18, 2025 RSUs at NOVA LTD.?

The June 18, 2025 RSU grant vests on a cliff schedule, with 100% of the RSUs vesting on the first anniversary of that grant date. This structure encourages at least one year of continued service or compliance with plan terms.

Are the RSUs in Yaniv Garty’s NVMI Form 3 immediately equivalent to common shares?

The RSUs are not immediately ordinary shares. They represent a right to receive an equivalent number of NOVA LTD. ordinary shares upon vesting and settlement, as described in the filing’s footnotes for each grant date and vesting schedule.