STOCK TITAN
  1. Home
  2. Sec-filings
  3. TSEM
  4. [Form 3] TOWER SEMICONDUCTOR LTD Initial Statement of Beneficial Ownership

Tower Semiconductor (TSEM) director details share and RSU holdings

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

Rhea-AI Filing Summary

Tower Semiconductor Ltd director Ben Moshe Sagi has filed an initial ownership report showing direct holdings of the company’s ordinary shares. The filing lists two direct positions with post-report amounts of 4,182 and 4,920 ordinary shares, establishing his baseline equity stake.

The footnotes explain that he has been granted restricted stock units, each equal to one ordinary share. Of these RSUs, 2,460 are already vested and 2,460 are scheduled to vest on 07/31/2026, subject to continued service. Additional tranches of 2,090 RSUs will vest on 07/30/2026 and 2,092 RSUs on 07/30/2027, also contingent on his ongoing service.

Positive

  • None.

Negative

  • None.
Insider Ben Moshe Sagi
Role Director
Type Security Shares Price Value
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 4,920 shares (Direct)
Footnotes (1)
  1. 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 Person's 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"). 2,090 will vest on 07/30/2026 and the remaining 2,092 will vest on 07/30/2027, subject to the Reporting Person's continued service through each vesting date.
Direct holding 1 4,182 ordinary shares Total shares following holding entry
Direct holding 2 4,920 ordinary shares Total shares following second holding entry
Vested RSUs 2,460 RSUs Already vested, each for one ordinary share
RSUs vesting 07/31/2026 2,460 RSUs Scheduled vesting on 07/31/2026, service-based
RSUs vesting 07/30/2026 2,090 RSUs Scheduled vesting on 07/30/2026, service-based
RSUs vesting 07/30/2027 2,092 RSUs Scheduled vesting on 07/30/2027, service-based
Ordinary Shares financial
"security_title: "Ordinary Shares""
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting financial
"2,460 are already vested and the remaining 2,460 will vest on 07/31/2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued service financial
"subject to the Reporting Person's continued service through each vesting date"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding Insider Trading Forms →

FAQ

What does the TSEM Form 3 filing by Ben Moshe Sagi show?
The Form 3 filing shows Ben Moshe Sagi’s initial ownership in Tower Semiconductor ordinary shares and RSUs. It records two direct ordinary share positions and several restricted stock unit grants with specific vesting schedules tied to his continued service with the company.

How many Tower Semiconductor ordinary shares does Ben Moshe Sagi report on Form 3?
The filing lists post-report direct holdings of 4,182 and 4,920 ordinary shares in separate entries. These amounts establish his recorded equity stake as of the filing date and serve as the baseline for any future Form 4 transaction disclosures.

What restricted stock units (RSUs) are disclosed for TSEM director Ben Moshe Sagi?
The filing discloses RSU grants where each unit represents one ordinary share of Tower Semiconductor. It details tranches that are already vested and others scheduled to vest in 2026 and 2027, all subject to his continued service with the company.

How many RSUs for TSEM are already vested for Ben Moshe Sagi?
The filing states that 2,460 restricted stock units are already vested for Ben Moshe Sagi. Each vested RSU represents a right to receive one ordinary share of Tower Semiconductor, reflecting equity-based compensation that has fully met the vesting conditions.

When will Ben Moshe Sagi’s Tower Semiconductor RSUs vest?
The filing shows RSUs vesting on 07/31/2026, 07/30/2026, and 07/30/2027. Specifically, 2,460 units vest on 07/31/2026, 2,090 units on 07/30/2026, and 2,092 units on 07/30/2027, contingent on continued service through each vesting date.

Does the TSEM Form 3 indicate any recent share purchases or sales by Ben Moshe Sagi?
The Form 3 records holdings rather than explicit purchases or sales. Transactions are classified as holding entries with unknown transaction codes, so the document establishes ownership levels without identifying specific buy or sell activity on the reported date.
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*
Ben Moshe Sagi
(Last)(First)(Middle)
HAZIT 4
(Street)
EIN AYALA00000
(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)
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)
Ordinary Shares4,920(1)D
Ordinary Shares4,182(2)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 ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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 Person's continued service through each vesting date.
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"). 2,090 will vest on 07/30/2026 and the remaining 2,092 will vest on 07/30/2027, subject to the Reporting Person's 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/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact05/28/2026
** 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)

Source: View Original Filing on SEC EDGAR