Tower Semiconductor director sells 232 shares

Director Yoav Chelouche reported a small open-market sale of TSEM Ordinary Shares, retaining over thirty-three thousand shares afterward.

Rhea-AI Filing Summary

TOWER SEMICONDUCTOR LTD (TSEM) director Yoav Chelouche reported selling 232 Ordinary Shares on September 10, 2026. The sale was executed at a weighted average price of $215.06 per share, in multiple trades on the Tel Aviv Stock Exchange in Israeli shekels. After this transaction, Chelouche directly holds 33,734 Ordinary Shares.

Insider Trade Summary

Net Seller: 232 shares

Net Sell 1 txn

Insider Chelouche Yoav

Role Director

Sold 232 shs ($50K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares F1	232	$215.06	$50K

Holdings After Transaction: Ordinary Shares — 33,734 shares (Direct)

Footnotes (1)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $215.02 to $215.12. These shares were sold on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS). The exchange rate in effect on the transaction date was 3.023 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

Key Figures

Shares sold: 232 shares Weighted average sale price: $215.06 per share Post-transaction holdings: 33,734 shares +2 more

5 metrics

Shares sold 232 shares Ordinary Shares sold on September 10, 2026

Weighted average sale price $215.06 per share Ordinary Shares sale on September 10, 2026

Post-transaction holdings 33,734 shares Director’s direct holdings after the September 10, 2026 sale

Exchange rate 3.023 ILS per $1.00 Rate in effect on the sale date for Tel Aviv Stock Exchange trades

Price range of trades $215.02–$215.12 per share Range of individual transaction prices within the reported sale

Key Terms

weighted average price, Tel Aviv Stock Exchange, exchange rate

3 terms

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Tel Aviv Stock Exchange market

"These shares were sold on the Tel Aviv Stock Exchange in New Israeli Shekels"

The Tel Aviv Stock Exchange is Israel’s main marketplace where stocks, bonds and exchange-traded funds are bought and sold, providing a centralized place for investors to trade ownership in companies and government debt. It matters because it sets real-time prices and liquidity for Israeli securities, offering a barometer of the country’s corporate health and giving investors a way to enter or exit positions much like an auction house or farmers’ market sets the price for goods.

exchange rate financial

"The exchange rate in effect on the transaction date was 3.023 ILS to $1.000"

Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TSEM director Yoav Chelouche report?

Yoav Chelouche reported a sale of 232 TOWER SEMICONDUCTOR LTD (TSEM) Ordinary Shares on September 10, 2026, in an open-market or private transaction, as described in the Form 4 filing.

At what price were the TSEM shares sold by director Yoav Chelouche?

The Form 4 states a weighted average price of $215.06 per TSEM share, with individual trades executed between $215.02 and $215.12 on the Tel Aviv Stock Exchange, all originally priced in Israeli shekels.

How many TSEM shares does Yoav Chelouche hold after this transaction?

Following the reported sale, Yoav Chelouche directly holds 33,734 Ordinary Shares of TOWER SEMICONDUCTOR LTD (TSEM), according to the post-transaction holdings disclosed in the Form 4.

Where were the TSEM shares sold and in what currency?

The shares were sold on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS). The filing notes an exchange rate of 3.023 ILS to $1.00 in effect on the transaction date.

Was the TSEM insider sale by Yoav Chelouche under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and no footnote states that the trades were made under a Rule 10b5-1 plan, so no such trading plan is reported for this sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 09:12 AM EDT Accepted by SEC EDGAR 09/14/2026 - 09:11 AM EDT Learn about SEC filing dates

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^*

Chelouche Yoav

(Last) (First) (Middle)

5 SHLOMO KAPLAN STREET

(Street)

TEL AVIV

(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)
09/10/2026

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	09/10/2026		S		232	D	$215.06(1)	33,734	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 price reported is a weighted average price. These shares were sold in multiple transactions ranging from $215.02 to $215.12. These shares were sold on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS). The exchange rate in effect on the transaction date was 3.023 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request

	/s/ Meirav Shemesh on behalf of Oppenheimer Israel, as Attorney-in-fact	09/14/2026
	** 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)