[Form 4] TOWER SEMICONDUCTOR LTD Insider Trading Activity

Rhea-AI Filing Summary

Kaufman Kalman reported acquisition or exercise transactions in this Form 4 filing.

Tower Semiconductor director Kalman Kaufman received an equity award reported as 814 Ordinary Shares tied to restricted stock units. The footnote explains these RSUs each represent a right to one ordinary share, with 407 vesting on 07/02/2027 and 407 vesting on 07/02/2028, subject to continued service. Following this grant, Kaufman directly holds 10,583 Ordinary Shares, indicating a routine, compensation-related award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kaufman Kalman

Role null

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

Holdings After Transaction: Ordinary Shares — 10,583 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU-linked shares granted: 814 shares First vesting tranche: 407 units Second vesting tranche: 407 units +2 more

5 metrics

RSU-linked shares granted 814 shares Equity award on July 2, 2026

First vesting tranche 407 units Vest on July 2, 2027, subject to continued service

Second vesting tranche 407 units Vest on July 2, 2028, subject to continued service

Shares owned after grant 10,583 shares Direct Ordinary Share holdings following transaction

Grant price per share $0.0000 per share Compensation-related award, not market purchase

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"

vesting financial

"407 will vest on 07/02/2027, and additional 407 will vest on 07/02/2028"

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

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

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 - 10:16 AM Accepted by SEC EDGAR 07/06/2026 - 10:15 AM Learn about SEC filing dates

FAQ

What insider transaction did TSEM director Kalman Kaufman report?

Kalman Kaufman reported receiving an equity award of 814 Ordinary Shares linked to restricted stock units. This was a compensation-related grant at no cash cost, increasing his direct holdings to 10,583 Ordinary Shares after the transaction, according to the Form 4 disclosure.

How many Tower Semiconductor (TSEM) stock units were granted and how do they vest?

The award covers 814 restricted stock units, each representing one Ordinary Share of Tower Semiconductor. The footnote states that 407 units vest on July 2, 2027, and another 407 vest on July 2, 2028, contingent on Kaufman’s continued service through each vesting date.

Was Kalman Kaufman’s TSEM Form 4 transaction a market purchase or sale?

The Form 4 shows a grant coded as an acquisition (code A), not an open-market trade. Shares were awarded at a price of $0.0000 per share as part of compensation, meaning no ordinary buy or sell order was executed in the market for this transaction.

What are Kalman Kaufman’s Tower Semiconductor holdings after this Form 4 grant?

After the reported grant, Kaufman directly holds 10,583 Ordinary Shares of Tower Semiconductor. This figure, shown in the Form 4 table, reflects his direct position following the award and helps investors see the scale of the grant relative to his total share ownership.

What does the RSU footnote in the TSEM Form 4 explain about the grant?

The footnote clarifies that each restricted stock unit represents a contingent right to receive one Ordinary Share of Tower Semiconductor. It also specifies the vesting schedule: 407 units vest on July 2, 2027, and 407 on July 2, 2028, assuming continued service.

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^*

Kaufman Kalman

(Last) (First) (Middle)

13 HAVAZELET STREET

(Street)

CAESAREA 3097413

(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	10,583	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)