Radware (RDWR) director holds 60,000 stock options expiring in 2031

Rhea-AI Filing Summary

Radware Ltd. director Naama Zeldis has filed an initial ownership report showing stock option holdings. The filing reports stock options over 60,000 underlying ordinary shares, with an exercise price of 24.40 per share and an expiration date of February 22, 2031.

According to a footnote, 20,000 options vest on each of December 22, 2026, December 22, 2027, and December 22, 2028. This Form 3 reflects existing derivative holdings and does not report any new purchases or sales of Radware shares.

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^*

Zeldis Naama

(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)

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)	02/22/2031	Ordinary shares	60,000	$24.4	D

Explanation of Responses:

1. Of these stock options, 20,000 vest on each of December 22, 2026, December 22, 2027 and December 22, 2028.

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)

FAQ

What does Naama Zeldis report in the Radware (RDWR) Form 3 filing?

Naama Zeldis reports holding stock options over 60,000 Radware ordinary shares. These options have an exercise price of 24.40 per share and expire on February 22, 2031, reflecting existing derivative holdings rather than a new share purchase or sale.

How many Radware (RDWR) shares are covered by Naama Zeldis’s stock options?

The Form 3 shows stock options linked to 60,000 underlying Radware ordinary shares. This entire amount is held directly as derivative securities, giving future rights to acquire shares rather than indicating any immediate change in the company’s share count.

What is the exercise price and expiration for Naama Zeldis’s Radware (RDWR) options?

The reported stock options carry an exercise price of 24.40 per Radware ordinary share and expire on February 22, 2031. This long-dated expiration indicates a multi‑year period during which the director may choose to exercise and acquire shares.

What is the vesting schedule of Naama Zeldis’s Radware (RDWR) stock options?

A footnote explains that 20,000 stock options vest on December 22, 2026, 20,000 on December 22, 2027, and 20,000 on December 22, 2028. This three‑year vesting schedule staggers when portions of the 60,000 underlying shares become exercisable.

Does Naama Zeldis’s Radware (RDWR) Form 3 show any share purchases or sales?

The Form 3 does not show any purchases or sales of Radware shares. It records existing stock option holdings as of the filing, with 60,000 underlying ordinary shares, and classifies the entry as a holding rather than a buy or sell transaction.