Perion Network (PERI) director reports 2,160-share tax-withholding sale

Rhea-AI Filing Summary

Perion Network Ltd. director Michael Vorhaus reported a sale of 2,160 Ordinary Shares at $10.00 per share, totaling $21,600. According to the footnote, these shares were withheld and sold by the company to satisfy tax withholding obligations tied to the vesting of restricted share units, meaning this was a mechanical tax-related transaction rather than a discretionary open-market sale. After this event, Vorhaus directly owned 26,773 Ordinary Shares, indicating he retained the majority of his position.

Insider Trade Summary

Net Seller: 2,160 shares ($21,600)

Net Sell 1 txn

Insider VORHAUS MICHAEL

Role Director

Sold 2,160 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	2,160	$10.00	$22K

Holdings After Transaction: Ordinary Shares — 26,773 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 2,160 shares Sale price: $10.00 per share Transaction value: $21,600 +2 more

5 metrics

Shares sold 2,160 shares Ordinary Shares sold on 2026-04-01

Sale price $10.00 per share Price for Ordinary Shares sold

Transaction value $21,600 2,160 shares sold at $10.00

Shares owned after 26,773 shares Direct ownership following the transaction

Net shares sold 2,160 shares Net-sell direction in transaction summary

Key Terms

restricted share units, tax withholding obligations, Ordinary Shares, open-market sale

4 terms

restricted share units financial

"in connection with the vesting of restricted share units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

tax withholding obligations financial

"sold by the Issuer to satisfy tax withholding obligations"

Ordinary Shares financial

"security_title": "Ordinary Shares""

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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^*

VORHAUS MICHAEL

(Last) (First) (Middle)

40 W 47TH STREET, FLOOR 33

(Street)

NEW YORK NEW YORK 10035

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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
Ordinary Shares	04/01/2026		S(1)		2,160	D	$10	26,773	D

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

Explanation of Responses:

1. The shares sold represent shares withheld and sold by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted share units

	Mike Vorhaus by: Oppenheimer Israel, as Attorney-in-fact	04/06/2026
	** 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 Perion Network (PERI) director Michael Vorhaus report?

Michael Vorhaus reported the sale of 2,160 Perion Network Ordinary Shares at $10.00 per share. The shares were sold to cover tax withholding obligations arising from the vesting of restricted share units, making this a routine, compensation-related disposition rather than a discretionary trade.

Was the PERI insider sale by Michael Vorhaus an open-market decision?

The filing codes the transaction as a sale, but the footnote states the shares were sold to satisfy tax withholding on vested restricted share units. This indicates a mechanical, tax-driven disposition instead of a voluntary open-market decision to reduce his investment in Perion Network.

How many Perion Network (PERI) shares does Michael Vorhaus hold after this transaction?

Following the tax-related sale, Michael Vorhaus directly owned 26,773 Ordinary Shares of Perion Network. This remaining stake shows he kept the bulk of his holdings, so the reported sale reflects only a small portion of his overall position tied to equity compensation.

What was the total dollar value of Michael Vorhaus’s reported PERI share sale?

Vorhaus sold 2,160 Ordinary Shares at $10.00 per share, for a total value of $21,600. Because the filing notes these shares were sold to cover tax withholding on restricted share unit vesting, the transaction is primarily administrative rather than a strategic portfolio shift.

How does the Form 4 footnote change interpretation of the PERI insider sale?

The Form 4 footnote explains that the sold shares were withheld and sold by Perion Network to meet tax withholding obligations on vested restricted share units. This clarifies that the sale is compensation- and tax-related, not a discretionary move signaling a changed view of the stock.