RDWR Form 144: Goldriech plans $75.6k insider share sale

Rhea-AI Filing Summary

Radware Ltd. (RDWR) filed a Form 144 disclosing that insider Riki Goldriech plans to sell up to 2,500 ordinary shares through Oppenheimer & Co. on or after 08 Jul 2025. At the reported market price of $30.25, the transaction is valued at ≈ $75,625. The shares originate from restricted stock units (RSUs) acquired on 02 Nov 2020. Goldriech already sold 2,355 shares for $70,650 during the prior three-month period. With 42.55 million shares outstanding, the planned sale represents only ~0.006 % of Radware’s float, suggesting a routine liquidity event rather than a material change in ownership or company fundamentals.

Positive

• Sale volume is only 0.006 % of shares outstanding, indicating negligible dilution or market impact.
• Transparent compliance with Rule 144 demonstrates adherence to insider-trading regulations.

Negative

• Continued insider selling (4,855 shares over three months) could be perceived negatively by some investors.

Insights

Securities Analyst

TL;DR Minimal insider sale (0.006% float); unlikely to affect RDWR valuation.

The Form 144 signals Goldriech’s intention to monetize a small RSU grant—2,500 shares worth about $76k. Relative to the 42.55 million shares outstanding, the sale is immaterial and should not influence supply-demand dynamics or strategic outlook. No adverse information is disclosed, and the filing appears procedural under Rule 144. I classify the event as neutral for investors.

Corporate Governance Expert

TL;DR Routine Rule 144 filing; standard transparency, no governance flags.

Rule 144 promotes orderly resale of restricted securities; Goldriech’s notice complies fully, listing broker, pricing, and prior sales. The aggregate volume—4,855 shares over three months—remains well below Rule 144 volume thresholds. No pattern of excessive insider disposal is evident, mitigating governance concerns. Impact on shareholder interests is negligible.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary	Oppenheimer & Co. Inc. 85 Broad St. New York NY 10004	2500	75625.00	42554602	07/08/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary	11/02/2020	Restricted Stock Units	Issuer			2500	11/02/2020	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Riki Goldriech 22 Raoul Wallenberg St. Tel Aviv L3 69710	Ordinary	07/03/2025	2355	70650.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Radware (RDWR) shares are being sold under this Form 144?

The filing covers up to 2,500 ordinary shares valued at roughly $75,625.

Who is the insider selling Radware shares?

The seller is Riki Goldriech, identified in the Form 144.

What percentage of RDWR’s outstanding shares does the sale represent?

Approximately 0.006 % of the 42.55 million shares outstanding.

When is the planned sale date for the shares?

The shares may be sold on or after 08 Jul 2025.

Were any Radware shares sold recently by the same insider?

Yes. Goldriech sold 2,355 shares on 03 Jul 2025 for $70,650.