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Silicom (SILC) director Orbach Yeshayhu reports indirect RSU awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

SILICOM LTD. director Orbach Yeshayhu filed an initial ownership report showing indirect holdings of restricted share units (RSUs) held by a trustee. These RSUs correspond to blocks of 2,969, 5,642 and 3,655 underlying ordinary shares, each unit representing one share upon vesting.

According to the award terms, one grant vests two years after a June 18, 2024 grant date, another vests two years after a March 17, 2025 grant date, and a third vests in three tranches over one, two and three years from a January 29, 2026 grant date, subject to continued service.

Positive

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Negative

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Insider Orbach Yeshayhu
Role Director
Type Security Shares Price Value
holding Restricted Share Units -- -- --
holding Restricted Share Units -- -- --
holding Restricted Share Units -- -- --
Holdings After Transaction: Restricted Share Units — 2,969 shares (Indirect, By Trustee)
Footnotes (1)
  1. Each restricted share unit (RSU) represents the right to receive, following vesting, one share of the Issuer. Subject to the Reporting Person's continuous service relationship with the Issuer through the applicable vesting date, the RSUs will vest and convert into ordinary shares two years after the grant date (which grant date is June 18, 2024). Subject to the Reporting Person's continuous service relationship with the Issuer through the applicable vesting date, the RSUs will vest and convert into ordinary shares two years after the grant date (which grant date is March 17, 2025). Subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date, (a) 1,219 of the RSUs will vest and convert into ordinary shares one year after the grant date (which grant date is January 29, 2026), (b) 1,218 of the RSUs will vest and convert into ordinary shares on the second annual anniversary of the grant date and (c) 1,218 of the RSUs will vest and convert into ordinary shares on the three year anniversary of the grant date. If a vesting date falls on a non-business date, the next business date shall apply.
SEC Form 3
FORM 3UNITED 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*
Orbach Yeshayhu

(Last)(First)(Middle)
14 ATIR YEDA

(Street)
KFAR SAVA4464323

(City)(State)(Zip)

ISRAEL

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026
3. Issuer Name and Ticker or Trading Symbol
SILICOM LTD. [ SILC ]
3a. Foreign Trading Symbol
[SILC]
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units (2) (2)Ordinary Shares2,969(1)IBy Trustee
Restricted Share Units (3) (3)Ordinary Shares5,642(1)IBy Trustee
Restricted Share Units (4) (4)Ordinary Shares3,655(1)IBy Trustee
Explanation of Responses:
1. Each restricted share unit (RSU) represents the right to receive, following vesting, one share of the Issuer.
2. Subject to the Reporting Person's continuous service relationship with the Issuer through the applicable vesting date, the RSUs will vest and convert into ordinary shares two years after the grant date (which grant date is June 18, 2024).
3. Subject to the Reporting Person's continuous service relationship with the Issuer through the applicable vesting date, the RSUs will vest and convert into ordinary shares two years after the grant date (which grant date is March 17, 2025).
4. Subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date, (a) 1,219 of the RSUs will vest and convert into ordinary shares one year after the grant date (which grant date is January 29, 2026), (b) 1,218 of the RSUs will vest and convert into ordinary shares on the second annual anniversary of the grant date and (c) 1,218 of the RSUs will vest and convert into ordinary shares on the three year anniversary of the grant date. If a vesting date falls on a non-business date, the next business date shall apply.
/s/ Orbach Yeshayhu03/18/2026
** Signature of Reporting PersonDate
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 the Form 3 filing for SILICOM LTD. (SILC) disclose for Orbach Yeshayhu?

The Form 3 discloses Orbach Yeshayhu’s indirect holdings of restricted share units in SILICOM LTD. These RSUs are held by a trustee and each unit represents the right to receive one ordinary share of the company after the applicable vesting conditions are met.

How many restricted share unit blocks are reported for SILICOM LTD. (SILC) director Orbach Yeshayhu?

The filing reports three separate blocks of restricted share units held indirectly. Each block is tied to ordinary shares and has its own vesting schedule, reflecting different grant dates and timelines for conversion into SILICOM LTD. ordinary shares if service conditions continue.

How do the RSUs reported for SILICOM LTD. (SILC) vest for Orbach Yeshayhu?

Each RSU grant vests based on time and continued service with SILICOM LTD. One grant vests two years after June 18, 2024, another two years after March 17, 2025, and a third vests in three annual tranches starting one year after January 29, 2026.

What does it mean that SILICOM LTD. (SILC) RSUs are held "By Trustee" for Orbach Yeshayhu?

“By Trustee” indicates the RSUs are held indirectly on behalf of Orbach Yeshayhu. The trustee structure holds the restricted share units, while the Form 3 attributes beneficial ownership to him, subject to the vesting and continued service conditions described in the award terms.

What is the conversion ratio of RSUs to SILICOM LTD. (SILC) ordinary shares in this Form 3?

Each restricted share unit represents the right to receive one SILICOM LTD. ordinary share. After the specific vesting dates, and assuming continued service, vested RSUs automatically convert into an equal number of ordinary shares at an exercise price of zero.

What conditions must be met for the SILICOM LTD. (SILC) RSUs to convert into shares for Orbach Yeshayhu?

The RSUs require continuous service with SILICOM LTD. through each vesting date. If that condition is satisfied, the RSUs vest on their scheduled dates and then convert into ordinary shares, following the two-year or multi-year vesting schedules tied to each specific grant date.