Director Yuval Cohen details Radware (RDWR) options and 2.09M indirect shares

Rhea-AI Filing Summary

Radware Ltd director Yuval Cohen filed an initial ownership report showing both stock options and indirect ordinary share holdings. He holds stock options over 60,000 ordinary shares at an exercise price of $32.7100 per share that are fully vested and exercisable. He also holds stock options over another 60,000 ordinary shares at an exercise price of $22.5800 per share, of which 20,000 are already vested and 20,000 will vest on each of October 10, 2026 and October 10, 2027. In addition, 2,087,388 ordinary shares are reported as held indirectly through Fortissimo Capital Fund V, L.P., reflecting an associated fund position rather than direct personal share ownership.

Insights

Equity ownership analyst

Filing shows existing option grants and a large indirect fund stake, with no new buy or sell activity.

This Form 3 outlines Yuval Cohen’s starting equity position in Radware Ltd as a director. It lists two option packages over 60,000 ordinary shares each, with exercise prices of $32.7100 and $22.5800, and staggered vesting through October 2027.

The filing also reports 2,087,388 ordinary shares held indirectly via Fortissimo Capital Fund V, L.P., indicating fund-level ownership associated with Cohen rather than a direct personal stake. As there are no purchases or sales disclosed, this functions as a baseline ownership snapshot rather than a trading signal.

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^*

Cohen Yuval

(Last) (First) (Middle)

22 RAOUL WALLENBERG STREET

(Street)

TEL AVIV 69710

(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
RADWARE LTD [ RDWR ]

3a. Foreign Trading Symbol
[RDWR]

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

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

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

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	2,087,388	I	By Fortissimo Capital Fund V, L.P.

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
Stock options	(1)	02/09/2027	Ordinary Shares	60,000	$32.71	D
Stock options	(2)	12/10/2029	Ordinary Shares	60,000	$22.58	D

Explanation of Responses:

1. These stock options are fully vested and exercisable.

2. Of these stock options, 20,000 are fully vested and exercisable and 20,000 vest on each of October 10, 2026 and October 10, 2027.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Gadi Meroz, as Attorney-in-Fact	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)