Sol-Gel Technologies (SLGL) director reports 7,500-share stock option holding

Rhea-AI Filing Summary

Sol-Gel Technologies Ltd. director Yanai Yuval has reported initial beneficial ownership of a stock option to buy Ordinary Shares. The option covers 7,500 underlying Ordinary Shares at an exercise price of $12.0000 per share and expires on January 9, 2034.

According to the vesting terms, 33.33% of the option vested on February 28, 2025, with the remaining Ordinary Shares vesting in equal quarterly installments over the following two years, subject to his continued service as a director.

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^*

Yanai Yuval

(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)	01/09/2034	Ordinary Shares(1)	7,500	$12	D

Explanation of Responses:

1. Ordinary shares, NIS 1.00 par value per share

2. The option vested as to 33.33% of the Ordinary Shares on February 28, 2025 and vests as to the remainder of the Ordinary Shares in equal quarterly installments over the following two years, subject to the Reporting Person's continued service as a director.

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 does Sol-Gel Technologies (SLGL) director Yanai Yuval report in this Form 3?

Yanai Yuval reports his initial beneficial ownership of a stock option in Sol-Gel Technologies. The option relates to 7,500 underlying Ordinary Shares, providing transparent disclosure of his equity-based compensation as a director and setting out the key terms and vesting conditions.

How many Sol-Gel Technologies (SLGL) shares are covered by Yanai Yuval’s reported stock option?

The reported stock option covers 7,500 underlying Ordinary Shares of Sol-Gel Technologies. This figure reflects the total number of shares that may be acquired upon exercise, assuming full vesting in accordance with the option’s specified vesting schedule and continued service conditions.

What are the key terms of Yanai Yuval’s Sol-Gel Technologies (SLGL) stock option?

The stock option has an exercise price of $12.0000 per Ordinary Share and expires on January 9, 2034. It represents a right to buy 7,500 underlying Ordinary Shares, subject to vesting milestones tied to Yuval’s continued service as a director.

How does the Sol-Gel Technologies (SLGL) stock option granted to Yanai Yuval vest over time?

The option vested as to 33.33% of the Ordinary Shares on February 28, 2025. The remaining portion vests in equal quarterly installments over the following two years, provided Yanai Yuval continues to serve as a director throughout this vesting period.

What does the expiration date mean for Yanai Yuval’s Sol-Gel Technologies (SLGL) stock option?

The option expires on January 9, 2034, meaning it must be exercised before that date to acquire Ordinary Shares. After expiration, any unexercised portion lapses, and Yuval would no longer have the right to purchase those underlying shares.