Radware (NASDAQ: RDWR) CFO reports 93,800 Ordinary Shares stake

Rhea-AI Filing Summary

Radware Ltd Chief Financial Officer Avidan Guy has reported beneficial ownership of 93,800 Ordinary Shares. This initial Form 3 filing outlines his direct holdings, which include several grants of restricted share units that are scheduled to vest in stages between 2026 and 2030.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Avidan Guy

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Ordinary shares	--	--	--

Holdings After Transaction: Ordinary shares — 93,800 shares (Direct)

Footnotes (1)

1. Includes 12,500 Ordinary Shares that are represented by restricted share units ("RSUs") that were granted on May 2, 2022 and vest on May 2, 2026. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer upon settlement. Includes 8,334 Ordinary Shares that are represented by RSUs that were granted on October 31, 2023, of which 4,167 vest on each of October 31, 2026 and October 31, 2027. Includes 12,500 Ordinary Shares that are represented by RSUs that were granted on October 30, 2024, of which 4,166 vest on October 30, 2026 and 4,167 vest on each of October 30, 2027 and October 30, 2028 Includes 10,800 Ordinary Shares that are represented by RSUs that were granted on October 28, 2025, of which 5,400 vest on October 28, 2027 and 2,700 vest on each of October 28, 2028 and October 28, 2029. Includes 3,000 Ordinary Shares that are represented by RSUs that were granted on February 10, 2026, of which 1,500 vest on February 10, 2028 and 750 vest on each of February 10, 2029 and February 10, 2030.

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Avidan Guy

(Last) (First) (Middle)

22 RAOUL WALLENBERG STREET

(Street)

TEL AVIV 69710

(City) (State) (Zip)

ISRAEL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/26/2026

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)

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

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	93,800(1)(2)(3)(4)(5)	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

Explanation of Responses:

1. Includes 12,500 Ordinary Shares that are represented by restricted share units ("RSUs") that were granted on May 2, 2022 and vest on May 2, 2026. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer upon settlement.

2. Includes 8,334 Ordinary Shares that are represented by RSUs that were granted on October 31, 2023, of which 4,167 vest on each of October 31, 2026 and October 31, 2027.

3. Includes 12,500 Ordinary Shares that are represented by RSUs that were granted on October 30, 2024, of which 4,166 vest on October 30, 2026 and 4,167 vest on each of October 30, 2027 and October 30, 2028

4. Includes 10,800 Ordinary Shares that are represented by RSUs that were granted on October 28, 2025, of which 5,400 vest on October 28, 2027 and 2,700 vest on each of October 28, 2028 and October 28, 2029.

5. Includes 3,000 Ordinary Shares that are represented by RSUs that were granted on February 10, 2026, of which 1,500 vest on February 10, 2028 and 750 vest on each of February 10, 2029 and February 10, 2030.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Gadi Meroz, as Attorney-in-Fact	03/26/2026
	** 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)

FAQ

What does Avidan Guy’s Form 3 for RADWARE LTD (RDWR) show?

The Form 3 reports that Chief Financial Officer Avidan Guy beneficially owns 93,800 Ordinary Shares of Radware Ltd. This is an initial ownership statement and reflects his direct equity position, including time-based restricted share unit awards that vest over several future years.

Does the Radware (RDWR) Form 3 indicate any recent share purchases or sales?

The Form 3 does not report any buy or sell transactions. It is an initial ownership filing showing Avidan Guy’s existing stake of Ordinary Shares, including unvested restricted share units, rather than documenting new market purchases or sales of Radware stock.

How much of the Radware CFO’s RDWR stake is in restricted share units (RSUs)?

The filing explains that his ownership includes multiple RSU grants that each represent a contingent right to receive one Ordinary Share. These RSUs vest on specified future dates and are part of the reported 93,800 Ordinary Shares beneficially owned by the CFO.

When do Avidan Guy’s Radware (RDWR) RSUs vest according to the filing?

The RSU awards described in the filing vest in tranches between 2026 and 2030. Specific grants have vesting dates in May and October of various years, as well as February, creating a staggered schedule that gradually delivers Ordinary Shares over time.

What type of security is reported in Radware CFO Avidan Guy’s Form 3?

The Form 3 covers Ordinary Shares of Radware Ltd. It notes that some of these shares are currently represented by restricted share units, with each RSU corresponding to a contingent right to receive one Ordinary Share upon settlement on its stated vesting date.