Director Yoav Chelouche awarded 814 RSUs at Tower Semiconductor (TSEM)

Rhea-AI Filing Summary

Chelouche Yoav reported acquisition or exercise transactions in this Form 4 filing.

Tower Semiconductor Ltd director Yoav Chelouche reported receiving a grant of 814 restricted stock units (RSUs) tied to the company’s ordinary shares. These RSUs are compensation-related awards rather than open-market purchases.

According to the grant terms, 407 RSUs are scheduled to vest on July 2, 2027, and the remaining 407 RSUs are scheduled to vest on July 2, 2028, conditioned on Chelouche’s continued service through each vesting date. Following this award, his direct holdings total 33,966 ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chelouche Yoav

Role null

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

Holdings After Transaction: Ordinary Shares — 33,966 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 814 RSUs Post-transaction holdings: 33,966 shares First vesting tranche: 407 RSUs +1 more

4 metrics

RSUs granted 814 RSUs Equity award to director Yoav Chelouche

Post-transaction holdings 33,966 shares Ordinary shares held after RSU grant

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"), vest, contingent right

3 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.

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

contingent right financial

"each of which represents a contingent right to receive one share of ordinary stock"

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Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What insider transaction did TOWER SEMICONDUCTOR LTD (TSEM) report for Yoav Chelouche?

Tower Semiconductor reported that director Yoav Chelouche received a grant of 814 restricted stock units. These RSUs are compensation-related awards, not open-market purchases, and each unit represents a contingent right to receive one ordinary share of the company.

How many Tower Semiconductor (TSEM) shares did Yoav Chelouche hold after this Form 4 transaction?

After the RSU grant, Yoav Chelouche is reported to hold 33,966 ordinary shares directly. This figure reflects his position following the award of 814 restricted stock units recorded in the Form 4 insider transaction report.

When do Yoav Chelouche’s Tower Semiconductor (TSEM) RSUs vest?

The RSUs granted to Yoav Chelouche vest in two equal tranches. 407 restricted stock units are scheduled to vest on July 2, 2027, and another 407 RSUs are scheduled to vest on July 2, 2028, subject to his continued service with the company.

Are Yoav Chelouche’s Tower Semiconductor (TSEM) RSUs an open-market share purchase?

No, the Form 4 identifies the transaction as a grant or award acquisition. The 814 restricted stock units are compensation-based equity awards, not open-market share purchases, and they convert into ordinary shares only upon future vesting dates if service conditions are met.

What does each Yoav Chelouche RSU represent in Tower Semiconductor (TSEM)?

Each restricted stock unit granted to Yoav Chelouche represents a contingent right to receive one ordinary share of Tower Semiconductor. The RSUs only settle into actual shares if the specified vesting conditions, including continued service through July 2, 2027 and July 2, 2028, are satisfied.

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 6789159

(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	33,966	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/ Netta Cohen 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)