Perion (NASDAQ: PERI) CFO reports initial share and PSU holdings

Rhea-AI Filing Summary

Perion Network Ltd. CFO Elad Tzubery filed an initial Form 3, reporting his existing equity holdings in the company. The filing lists direct ownership of ordinary shares alongside performance stock units and stock options.

Certain performance stock units each represent 11,250 underlying ordinary shares at an exercise price of $0.01 per share, while options cover 834 and 1,001 ordinary shares at exercise prices of $5.46 and $12.02. Footnotes explain that time-based RSUs and performance RSUs vest over multi‑year schedules, subject to continued service and, for performance awards, achieving specified performance criteria. The options referenced are fully vested and immediately exercisable.

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

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1. Name and Address of Reporting Person^*

Tzubery Elad

(Last) (First) (Middle)

13 MIRIAM HANEVIHA

(Street)

ROSH-HA AYIN L3 4841369

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Perion Network Ltd. [ PERI ]

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

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	54,693	D
Ordinary Shares	13,200(1)	D
Ordinary Shares	45,000(2)	D
Ordinary Shares	50,000(3)	D
Ordinary Shares	8,000(4)	D

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 Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Unit (PSU)	(5)	(5)	Ordinary Shares	11,250	$0.01	D
Performance Stock Unit (PSU)	(6)	(6)	Ordinary Shares	11,250	$0.01	D
Performance Stock Unit (PSU)	(7)	02/17/2028	Ordinary Shares	12,500	$0.01	D
Performance Stock Unit (PSU)	(7)	02/17/2030	Ordinary Shares	12,500	$0.01	D
Performance Stock Unit (PSU)	(7)	02/17/2032	Ordinary Shares	12,500	$0.01	D
Option (Right to Buy share)	08/04/2021(8)	08/04/2027	Ordinary Shares	834	$5.46	D
Option (Right to Buy share)	02/08/2022(9)	02/08/2028	Ordinary Shares	1,001	$12.02	D

Explanation of Responses:

1. The reporting person was granted Restricted Share Units ("RSUs"). The RSUs vest as follows: 33.33% vest on August 1, 2024, and the remaining 66.67% vest in eight equal quarterly installments thereafter, subject to the reporting person continued service through each vesting date.

2. The reporting person was granted Restricted Share Units ("RSUs"). The RSUs vest as follows: 33.33% vest on July 30, 2025, and the remaining 66.67% vest in eight equal quarterly installments thereafter, subject to the reporting person continued service through each vesting date.

3. The reporting person was granted Restricted Share Units ("RSUs"). The RSUs vest as follows: 33.33% vest on February 17, 2027, and the remaining 66.67% vest in eight equal quarterly installments thereafter, subject to the reporting person continued service through each vesting date.

4. Includes 1,000 RSUs granted to the Reporting Person, which will become vested on March 31, 2026, subject to the Reporting Person continued service through the vesting date

5. The performance RSUs vest upon the achievement of pre-specified performance criteria, subject to the Reporting Persons continued service through the vesting date, with no expiration date. Each RSU represents the right to receive one ordinary share.

6. The performance RSUs vest upon the achievement of pre-specified performance criteria, subject to the Reporting Person continued service through the vesting date, with no expiration date. Each RSU represents the right to receive one ordinary share.

7. The performance RSUs vest upon the achievement of pre-specified performance criteria.

8. The Options are Fully vested and immediately exercisable. Each option represents the right to purchase one ordinary share.

9. The Options are Fully vested and immediately exercisable. Each option represents the right to purchase one ordinary share.

Remarks:

This Form 3 is being filed to report the Reporting Persons beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.

	Elad Tzubery by: Oppenheimer Israel, as Attorney-in-fact	03/17/2026
	** 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.

FAQ

What does Perion Network (PERI) CFO Elad Tzubery report on this Form 3?

Elad Tzubery reports his initial beneficial ownership in Perion Network, including ordinary shares, performance stock units, time-based RSUs and fully vested stock options. The filing outlines existing positions rather than new market transactions, giving investors a baseline view of his equity exposure.

What types of equity awards does PERI’s CFO hold according to the Form 3?

The CFO holds ordinary shares, performance stock units, time-based restricted share units and stock options. Some performance units correspond to 11,250 underlying ordinary shares at a $0.01 exercise price, and options cover 834 and 1,001 ordinary shares at exercise prices of $5.46 and $12.02.

How do the performance RSUs for Perion (PERI) CFO vest?

The performance RSUs vest only upon achievement of pre-specified performance criteria and continued service through the vesting date. Each vested performance RSU converts into one ordinary share, and certain awards have no stated expiration date, as described in the footnotes.

What are the vesting terms for time-based RSUs held by PERI’s CFO?

Time-based RSUs generally vest 33.33% on an initial date, such as August 1, 2024 or July 30, 2025, with the remaining 66.67% vesting in eight equal quarterly installments thereafter. Vesting requires the CFO’s continued service through each scheduled vesting date.

Are the stock options reported by Perion Network’s CFO already exercisable?

Yes. Footnotes state the options are fully vested and immediately exercisable, each option giving the right to purchase one ordinary share. One grant is exercisable at $5.46 per share until August 4, 2027, and another at $12.02 per share until February 8, 2028.

Does this Perion (PERI) Form 3 indicate any insider buying or selling activity?

No specific buying or selling activity is indicated. The entries are classified as holdings, and the transaction summary shows no buy or sell transactions. The Form 3 serves as an initial statement of beneficial ownership rather than a record of recent trades.