Silicom (NASDAQ: SILC) CEO details RSUs, options and share stake
Rhea-AI Filing Summary
Silicom Ltd. President and CEO Liron Eizenman filed an initial ownership report showing indirect holdings through a trustee. The filing lists restricted share units that can convert into 12,500 ordinary shares and a separate block tied to 38,333 ordinary shares, both with no exercise price.
It also discloses share options over 100,000 ordinary shares at an exercise price of 16.4200 per share expiring on June 18, 2032, and options over 13,333 ordinary shares at 15.0100 per share expiring on June 18, 2033, plus 24,400 ordinary shares held indirectly. Footnotes explain that the RSUs and options vest over several years starting in 2026, subject to continuous service and, for one RSU grant, shareholder approval.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Eizenman Liron
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 50,833 shares (Indirect, By Trustee);
Share Option (right to buy) — 113,333 shares (Indirect, By Trustee);
Ordinary Shares — 24,400 shares (Indirect, By Trustee)
Footnotes (5)
- F1. Each restricted share unit (RSU) represents the right to receive, following vesting, one share of the Issuer.
- F2. The RSUs will vest and convert into ordinary shares, on June 14, 2026, subject to the Reporting Person's continuous service relationship with the Issuer on the vesting date.
- F3. The grant of the RSUs have been approved by the Company's Compensation Committee and Board of Directors and are subject to the approval of the general meeting of shareholders to be held during 2026. Once approved, vesting of the RSUs will be subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date, (a) 12,778 of the RSUs will vest and convert into ordinary shares one year after the grant date (which grant date is January 29, 2026), (b) 12,778 of the RSUs will vest and convert into ordinary shares on the second annual anniversary of the grant date and (c) 12,777 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
- F4. Each option represents an option to purchase one share of the Issuer's ordinary shares upon vesting. The options were granted on June 18, 2024 (the "Grant Date") and will vest as follows: (a) 50% on the second annual anniversary of the Grant Date; and (b) 50% on the third annual anniversary of the Grant Date, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date.
- F5. Each option represents an option to purchase one share of the Issuer's ordinary shares upon vesting. The options were granted on June 18, 2025 (the "Grant Date") and will vest as follows: (a) 50% on the second annual anniversary of the Grant Date; and (b) 50% on the third annual anniversary of the Grant Date subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date.
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FAQ
What does Silicom (SILC) CEO Liron Eizenman report in this Form 3?
The CEO reports his initial indirect holdings in Silicom securities. These include restricted share units, share options over ordinary shares, and 24,400 ordinary shares held via a trustee, establishing his starting equity position as a reporting insider.
What are the key vesting terms for the Silicom (SILC) CEO’s RSUs?
One RSU grant converts into ordinary shares on June 14, 2026, if service continues. Another 38,333‑unit grant vests in three tranches tied to January 29, 2026 anniversaries, subject to shareholder approval and continued service through each vesting date.
When do the Silicom (SILC) CEO’s stock options expire and vest?
Options over 100,000 shares granted June 18, 2024 expire June 18, 2032. Options over 13,333 shares granted June 18, 2025 expire June 18, 2033. Each grant vests 50% on the second anniversary and 50% on the third, conditional on continued service.
How are the Silicom (SILC) CEO’s holdings characterized in terms of ownership type?
All reported positions are classified as indirect, held “By Trustee.” This applies to the restricted share units, the share options over ordinary shares, and the 24,400 ordinary shares, indicating the securities are held on his behalf rather than directly.