Radware CTO sells 15,000 shares at $30.71

Radware’s CTO reported an open-market sale of 15,000 shares, leaving him with 134,487 shares directly owned.

Rhea-AI Filing Summary

RADWARE LTD (RDWR) reported that Chief Technology Officer Aviv David Meleh sold 15,000 Ordinary Shares on September 17, 2026, at a weighted average price of $30.71 per share. After this open-market sale, he directly holds 134,487 Ordinary Shares. The sale price reflects multiple trades between $30.21 and $31.10.

Insider Trade Summary

Net Seller: 15,000 shares

Net Sell 1 txn

Insider Aviv David Meleh

Role Chief Technology Officer

Sold 15,000 shs ($461K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares F1	15,000	$30.71	$461K

Holdings After Transaction: Ordinary Shares — 134,487 shares (Direct)

Footnotes (1)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $30.21 to $31.10. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

Key Figures

Shares sold: 15,000 shares Weighted average sale price: $30.71 per share Post-transaction holdings: 134,487 shares +1 more

4 metrics

Shares sold 15,000 shares Open-market sale by CTO on September 17, 2026

Weighted average sale price $30.71 per share Average price for 15,000 shares sold on September 17, 2026

Post-transaction holdings 134,487 shares Ordinary Shares directly owned by CTO after the sale

Sale price range $30.21–$31.10 per share Range of individual trade prices within the reported transaction

Key Terms

weighted average price, Ordinary Shares, Rule 10b5-1

3 terms

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Ordinary Shares financial

"The reported transaction involves Ordinary Shares of RADWARE LTD."

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

Rule 10b5-1 regulatory

"The filing indicates that the Rule 10b5-1 box is not checked."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did RDWR disclose in this Form 4?

RADWARE LTD disclosed that its Chief Technology Officer, Aviv David Meleh, sold 15,000 Ordinary Shares on September 17, 2026 in an open-market transaction. After the sale, he directly held 134,487 Ordinary Shares of the company.

At what price were the RDWR shares sold in this insider transaction?

The reported price is a weighted average of $30.71 per share. According to the disclosure, the 15,000 shares were sold in multiple trades at prices ranging from $30.21 to $31.10 per share.

How many RDWR shares does the CTO own after this reported sale?

Following the reported sale, Chief Technology Officer Aviv David Meleh directly owns 134,487 Ordinary Shares of RADWARE LTD. This figure reflects his direct holdings immediately after the September 17, 2026 transaction.

Was the RDWR insider sale made under a Rule 10b5-1 trading plan?

The filing indicates that the Rule 10b5-1 box is not checked, and the footnotes do not state that the transaction was made pursuant to a Rule 10b5-1 trading plan. The sale is therefore reported without an affirmed trading plan.

What type of security did the RDWR insider sell?

The reported transaction involves Ordinary Shares of RADWARE LTD. On September 17, 2026, the Chief Technology Officer sold 15,000 of these Ordinary Shares in an open-market sale at a weighted average price of $30.71 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 06:22 AM Accepted by SEC EDGAR 09/18/2026 - 06:21 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Aviv David Meleh

(Last) (First) (Middle)

22 RAOUL WALLENBERG

16 NISSIM ALONI ST, APT 1801

(Street)

TEL AVIV SELECT STATE/PROVINCE 6971917

(City) (State) (Zip)

ISRAEL

(Country)

2. Issuer Name and Ticker or Trading Symbol
RADWARE LTD [ RDWR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	09/17/2026		S		15,000	D	$30.71(1)	134,487	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $30.21 to $31.10. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

	/s/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact	09/18/2026
	** 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 4 (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 4: SEC 1474 (03-26)