Sol-Gel (SLGL) director discloses fully vested 2,031 share option

Rhea-AI Filing Summary

Sol-Gel Technologies Ltd. director Hanna Lerman reports holding a fully vested stock option to buy 2,031 ordinary shares at an exercise price of 55.6600. The option relates to ordinary shares with NIS 1.00 par value per share and expires on 2027-07-13.

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^*

Lerman Hanna

(Last) (First) (Middle)

C/O SOL-GEL TECHNOLOGIES LTD.

7 GOLDA MEIR STREET

(Street)

NESS ZIONA 7403650

(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
Sol-Gel Technologies Ltd. [ SLGL ]

3a. Foreign Trading Symbol

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 Option (right to buy)	(2)	07/13/2027	Ordinary Shares(1)	2,031	$55.66	D

Explanation of Responses:

1. Ordinary shares, NIS 1.00 par value per share

2. The option is fully vested.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Eyal Ben-Or, 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 equity award does Sol-Gel (SLGL) director Hanna Lerman hold?

Hanna Lerman holds a stock option to purchase 2,031 ordinary shares of Sol-Gel Technologies. This option gives her the right, but not the obligation, to acquire those shares at a fixed exercise price before it expires.

What is the exercise price of Hanna Lerman’s Sol-Gel (SLGL) stock option?

The exercise price of Hanna Lerman’s stock option is 55.6600 per ordinary share. This fixed price is the cost she would pay for each share if she chooses to exercise the option before its expiration date.

When does Hanna Lerman’s Sol-Gel (SLGL) stock option expire?

Hanna Lerman’s stock option expires on 2027-07-13. She must decide whether to exercise the right to buy the 2,031 underlying ordinary shares at the specified exercise price before or on that expiration date.

Is Hanna Lerman’s Sol-Gel (SLGL) stock option fully vested?

Yes, the stock option held by Hanna Lerman is fully vested. Full vesting means she has already satisfied any service or performance conditions and may exercise the option at any time before it expires, subject to plan and agreement terms.

What type of shares underlie Hanna Lerman’s Sol-Gel (SLGL) option?

The option relates to Sol-Gel Technologies’ ordinary shares with NIS 1.00 par value per share. If exercised, the option would result in the issuance or delivery of these ordinary shares to Hanna Lerman, consistent with the option’s terms.