Tower Semiconductor (TSEM) director discloses RSU share awards and vesting

Rhea-AI Filing Summary

Tower Semiconductor Ltd director Michal Vakrat Wolkin filed an initial Form 3 reporting her equity position in the company. The filing lists direct holdings of ordinary shares and explains that some shares were issued upon vesting of previously granted restricted stock units.

Footnotes describe RSU awards under which each unit represents a right to receive one ordinary share. One grant includes 2,460 units already vested and 2,460 scheduled to vest on 07/31/2026, subject to continued service. Another grant provides 2,091 units vesting on 07/30/2026 and 2,091 vesting on 07/30/2027, also contingent on ongoing service through each vesting date.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Vakrat Wolkin Michal

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 7,659 shares (Direct)

Footnotes (1)

1. These shares were issued upon vesting of previously granted RSU's The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 2,460 are already vested and the remaining 2,460 will vest on 07/31/2026, subject to the Reporting Persons continued service through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 2,091 will vest on 07/30/2026 and the remaining 2,091 will vest on 07/30/2027, subject to the Reporting Persons continued service through each vesting date.

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Available on EDGAR 05/28/2026 - 07:36 AM Accepted by SEC EDGAR 05/28/2026 - 07:36 AM Learn about SEC filing dates

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^*

Vakrat Wolkin Michal

(Last) (First) (Middle)

5 FEIBEL ST.

APT. 21

(Street)

TEL AVIV 6299507

(City) (State) (Zip)

ISRAEL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/28/2026

3. Issuer Name and Ticker or Trading Symbol
TOWER SEMICONDUCTOR LTD [ TSEM ]

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)
Ordinary Shares	7,659(1)	D
Ordinary Shares	4,920(2)	D
Ordinary Shares	4,182(3)	D

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

Explanation of Responses:

1. These shares were issued upon vesting of previously granted RSU's

2. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 2,460 are already vested and the remaining 2,460 will vest on 07/31/2026, subject to the Reporting Persons continued service through each vesting date.

3. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 2,091 will vest on 07/30/2026 and the remaining 2,091 will vest on 07/30/2027, subject to the Reporting Persons continued service through each vesting date.

Remarks:

This Form 3 is being filed to report the Reporting Person beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.

	/s/ Yohanan Azriel on behalf of Oppenheimer Israel, as Attorney-in-fact	05/28/2026
	** 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)