Perion director’s tax-related sale of 2,160 shares

Perion Network Ltd. director Michael Vorhaus reported a disposition of 2,160 Ordinary Shares.

Rhea-AI Filing Summary

Perion Network Ltd. director Michael Vorhaus reported a disposition of 2,160 Ordinary Shares. The shares were sold at an average price of $9.70 per share, but a footnote explains they were withheld and sold by the company to cover tax withholding obligations tied to the vesting of restricted share units. After this tax-related sale, Vorhaus directly holds 24,613 Ordinary Shares, indicating he retains a significant position while this transaction reflects a routine compensation and tax event rather than an open-market portfolio decision.

Insider Trade Summary

Net Seller: 2,160 shares

Net Sell 1 txn

Insider VORHAUS MICHAEL

Role Director

Sold 2,160 shs ($21K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	2,160	$9.70	$21K

Holdings After Transaction: Ordinary Shares — 24,613 shares (Direct)

Footnotes (1)

1. F1. 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

Key Figures

Shares sold: 2,160 shares Sale price: $9.70 per share Shares held after: 24,613 shares

3 metrics

Shares sold 2,160 shares Ordinary Shares disposed on July 1, 2026

Sale price $9.70 per share Average price for 2,160 Ordinary Shares

Shares held after 24,613 shares Direct Ordinary Share holdings following transaction

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

"to satisfy tax withholding obligations in connection with the vesting"

Ordinary Shares financial

"The shares sold represent shares withheld and sold by the Issuer"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Perion Network (PERI) disclose for Michael Vorhaus?

Perion Network disclosed that director Michael Vorhaus had 2,160 Ordinary Shares sold at $9.70 per share. A footnote clarifies these shares were withheld and sold by the company to satisfy tax obligations from vesting restricted share units.

Was the Perion Network (PERI) insider sale by Michael Vorhaus a discretionary open-market trade?

The sale was not a discretionary trade. Although coded as a sale, the footnote states the 2,160 shares were withheld and sold by the issuer solely to cover tax withholding obligations related to vesting restricted share units.

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

After the transaction, Michael Vorhaus directly holds 24,613 Ordinary Shares of Perion Network. This remaining stake shows the tax-related sale involved only a portion of his overall position, linked to restricted share unit vesting.

At what price were the Perion Network (PERI) shares associated with Michael Vorhaus’s tax sale transacted?

The 2,160 Ordinary Shares associated with Michael Vorhaus’s tax-related disposition were sold at an average price of $9.70 per share. The transaction reflects shares withheld to satisfy tax obligations from vesting restricted share units, not a regular market-timing decision.

What does the footnote in Michael Vorhaus’s Perion Network (PERI) Form 4 filing explain?

The footnote explains that the shares sold represent stock withheld and sold by Perion Network to satisfy tax withholding obligations arising from the vesting of restricted share units, clarifying the sale was a compensation-related tax event rather than a voluntary share liquidation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 12:11 PM Learn about SEC filing dates

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)
07/01/2026

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	07/01/2026		S(1)		2,160	D	$9.7	24,613	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

	/s/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact	07/02/2026
	** 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)