Tower Semiconductor (TSEM) director granted 814 RSUs vesting in 2027-2028

Rhea-AI Filing Summary

Ben Moshe Sagi reported acquisition or exercise transactions in this Form 4 filing.

TOWER SEMICONDUCTOR LTD director Ben Moshe Sagi reported receiving an equity grant of 814 Ordinary Shares in the form of restricted stock units. The units were granted at $0.00 per share as compensation, not as an open-market purchase.

According to the footnote, each RSU represents a contingent right to one ordinary share. 407 RSUs will vest on 07/02/2027 and another 407 RSUs will vest on 07/02/2028, subject to his continued service through each vesting date. After this grant, he directly owns 9,916 Ordinary Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ben Moshe Sagi

Role null

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

Holdings After Transaction: Ordinary Shares — 9,916 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 814 RSUs Vesting tranche 1: 407 RSUs Vesting tranche 2: 407 RSUs +2 more

5 metrics

RSUs granted 814 RSUs Grant of restricted stock units representing Ordinary Shares

Vesting tranche 1 407 RSUs Scheduled to vest on 07/02/2027, subject to continued service

Vesting tranche 2 407 RSUs Scheduled to vest on 07/02/2028, subject to continued service

Grant price $0.00 per share RSU grant, not an open-market purchase

Shares owned after grant 9,916 Ordinary Shares Direct non-derivative holdings following the transaction

Key Terms

restricted stock units ("RSUs"), contingent right, vesting date, 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 date financial

"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."

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 - 10:01 AM Accepted by SEC EDGAR 07/06/2026 - 10:01 AM Learn about SEC filing dates

FAQ

What insider transaction did TSEM report for Ben Moshe Sagi on this Form 4?

The Form 4 shows director Ben Moshe Sagi received a grant of 814 restricted stock units, representing Ordinary Shares of Tower Semiconductor. The grant was compensation with a zero-dollar grant price, not an open-market share purchase or sale.

How many RSUs did TSEM grant to Ben Moshe Sagi and when do they vest?

Ben Moshe Sagi was granted 814 restricted stock units tied to Tower Semiconductor Ordinary Shares. The filing states 407 units vest on 07/02/2027 and another 407 units vest on 07/02/2028, if he continues serving through each vesting date.

Is the TSEM Form 4 transaction an open-market buy or a compensation grant?

The transaction is a compensation grant, not an open-market buy. The Form 4 labels it as a grant or award acquisition with a transaction price of $0.00 per share, and the footnote explains these are restricted stock units that vest over time.

How many TOWER SEMICONDUCTOR LTD shares does Ben Moshe Sagi hold after this grant?

After the reported RSU grant, Ben Moshe Sagi directly holds 9,916 Ordinary Shares of Tower Semiconductor. This total reflects his non-derivative holdings following the award described in the Form 4, according to the post-transaction share balance disclosed.

What conditions apply to the vesting of TSEM RSUs granted to Ben Moshe Sagi?

The RSUs vest in two equal parts and require continued service. The filing states 407 RSUs vest on 07/02/2027 and 407 on 07/02/2028, provided Ben Moshe Sagi remains in service through each specified vesting date.

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^*

Ben Moshe Sagi

(Last) (First) (Middle)

HAZIT 4

(Street)

EIN AYALA 00000

(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	9,916	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)