[Form 3] RADWARE LTD Initial Statement of Beneficial Ownership

RADWARE LTD director Alex Pinchev reported his initial equity position through stock options rather than common shares.

Rhea-AI Filing Summary

RADWARE LTD director Alex Pinchev reported his initial equity position through stock options rather than common shares. He holds stock options linked to 60,000 ordinary shares, with an exercise price of $15.12 per share and an expiration date in 2029.

According to the disclosure, 40,000 of these options are already fully vested and exercisable, while 20,000 are scheduled to vest on November 23, 2026. The filing does not show any recent buying or selling activity; it primarily records this existing option grant and its vesting schedule.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pinchev Alex

Role Director

Type	Security	Shares	Price	Value
holding	Stock options	--	--	--

Holdings After Transaction: Stock options — 60,000 contracts (Direct)

Footnotes (1)

1. F1. Of these stock options, 40,000 are fully vested and exercisable and 20,000 vest on November 23, 2026.

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Accepted by SEC EDGAR 03/18/2026 - 06:03 AM Learn about SEC filing dates

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
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Pinchev Alex

(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)	01/23/2029	Ordinary shares	60,000	$15.12	D

Explanation of Responses:

1. Of these stock options, 40,000 are fully vested and exercisable and 20,000 vest on November 23, 2026.

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)