Tower Semiconductor (TSEM) director awarded 814 RSUs in equity grant

Rhea-AI Filing Summary

Tower Semiconductor Ltd director Iris Avner reported an equity compensation grant. On July 2, 2026, Avner acquired 814 Ordinary Shares at a price of $0.00 per share as a grant or award, bringing direct holdings to 21,223 shares.

A footnote explains the grant consists of restricted stock units (RSUs), each representing a contingent right to receive one ordinary share. 407 RSUs will vest on July 2, 2027 and another 407 RSUs on July 2, 2028, subject to Avner’s continued service through each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Avner Iris

Role null

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	814	$0.00	--

Holdings After Transaction: Ordinary Shares — 21,223 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 814 Ordinary Shares Holdings after transaction: 21,223 Ordinary Shares Grant price per share: $0.00 per share +2 more

5 metrics

Shares granted 814 Ordinary Shares Grant/award on July 2, 2026

Holdings after transaction 21,223 Ordinary Shares Direct ownership following grant

Grant price per share $0.00 per share Equity compensation grant, not market purchase

First vesting tranche 407 RSUs Scheduled to vest on July 2, 2027

Second vesting tranche 407 RSUs Scheduled to vest on July 2, 2028

Key Terms

restricted stock units ("RSUs"), contingent right, vesting, Ordinary Shares

4 terms

restricted stock units ("RSUs") financial

"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"

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.

contingent right financial

"each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd."

vesting financial

"407 will vest on 07/02/2027, and additional 407 will vest on 07/02/2028 , subject to the Reporting Persons continued service"

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.

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 10:09 AM Accepted by SEC EDGAR 07/06/2026 - 10:09 AM Learn about SEC filing dates

FAQ

What insider transaction did TSEM director Iris Avner report?

Director Iris Avner reported an equity grant of 814 Ordinary Shares in Tower Semiconductor Ltd. The award was recorded at $0.00 per share as a grant or award, increasing Avner’s direct holdings to 21,223 Ordinary Shares following the transaction.

Is the TSEM Form 4 transaction a purchase or a compensation grant?

The Form 4 transaction is a compensation-related grant, not an open‑market purchase. Code A and the description show it is a grant or award acquisition of 814 Ordinary Shares, reflecting routine director equity compensation rather than a discretionary market trade.

How many Tower Semiconductor RSUs did Iris Avner receive in this filing?

Iris Avner received 814 restricted stock units (RSUs), each representing a contingent right to one Ordinary Share. The RSUs are split into two equal tranches of 407 units, with each tranche subject to future vesting based on continued service requirements.

When will the RSUs granted to TSEM director Iris Avner vest?

The RSUs vest in two equal installments over two years. 407 units will vest on July 2, 2027, and an additional 407 units will vest on July 2, 2028, provided Iris Avner continues to serve through each respective vesting date.

What are Iris Avner’s Tower Semiconductor holdings after this Form 4 grant?

Following the grant, Iris Avner directly holds 21,223 Ordinary Shares of Tower Semiconductor Ltd. This figure reflects the updated ownership position reported in the Form 4 after recording the 814‑share grant as part of director equity compensation.

Does the TSEM Form 4 filing indicate any stock sales by Iris Avner?

The filing does not report any stock sales by Iris Avner. It shows one acquisition transaction coded as a grant or award of 814 Ordinary Shares, with zero transactions classified as sales or dispositions in the transaction summary section.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Avner Iris

(Last) (First) (Middle)

HAMAAVAK STREET NO 9

(Street)

GIVATAIM 5352305

(City) (State) (Zip)

ISRAEL

(Country)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	07/02/2026		A(1)		814	A	$0	21,223	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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"). 407 will vest on 07/02/2027, and additional 407 will vest on 07/02/2028 , subject to the Reporting Persons continued service through each vesting date.

	/s/ Yohanan Azriel on behalf of Oppenheimer Israel, as Attorney-in-fact	07/06/2026
	** 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 4 (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 4: SEC 1474 (03-26)