Director Amir Elstein granted 1,222 RSUs in TOWER SEMICONDUCTOR (TSEM)

Rhea-AI Filing Summary

Elstein Amir reported acquisition or exercise transactions in this Form 4 filing.

TOWER SEMICONDUCTOR LTD director Amir Elstein received a grant of 1,222 restricted stock units, representing ordinary shares of the company, at no cost as equity compensation. Following this award, he directly holds 126,556 shares.

The RSUs vest in three annual installments: 407 units on 07/02/2027, another 407 units on 07/02/2028, and 408 units on 07/02/2029, subject to his continued service through each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Elstein Amir

Role null

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	1,222	$0.00	--

Holdings After Transaction: Ordinary Shares — 126,556 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 1,222 units Holdings after grant: 126,556 shares First vesting tranche: 407 units +3 more

6 metrics

RSU grant size 1,222 units Restricted stock units granted to director on 07/02/2026

Holdings after grant 126,556 shares Ordinary shares directly held following the transaction

First vesting tranche 407 units RSUs vesting on 07/02/2027

Second vesting tranche 407 units RSUs vesting on 07/02/2028

Final vesting tranche 408 units RSUs vesting on 07/02/2029

Reported grant price $0.00 per share Price per share for awarded ordinary shares

Key Terms

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

3 terms

restricted stock units ("RSUs") financial

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

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, additional 407 will vest on 07/02/2028 and the remaining 408 will vest on 07/02/2029, subject to the Reporting Person's continued service through each vesting date."

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Available on EDGAR 07/06/2026 - 10:17 AM Accepted by SEC EDGAR 07/06/2026 - 10:16 AM Learn about SEC filing dates

FAQ

What did TOWER SEMICONDUCTOR (TSEM) director Amir Elstein report on this Form 4?

Director Amir Elstein reported receiving 1,222 restricted stock units in TOWER SEMICONDUCTOR LTD as an equity award. These RSUs represent a contingent right to receive ordinary shares and were granted at no cash cost, reflecting stock-based compensation rather than an open-market purchase or sale.

How many TSEM shares does Amir Elstein hold after this RSU grant?

After the reported grant, Amir Elstein directly holds 126,556 ordinary shares of TOWER SEMICONDUCTOR LTD. The 1,222 new restricted stock units add to his existing equity position and will convert into additional shares only as they vest over future years, subject to service conditions.

How are Amir Elstein’s 1,222 TSEM restricted stock units scheduled to vest?

The 1,222 restricted stock units vest in three annual tranches: 407 units on July 2, 2027, another 407 units on July 2, 2028, and the remaining 408 units on July 2, 2029. Each vesting requires his continued service through the applicable vesting date.

Did Amir Elstein buy or sell TOWER SEMICONDUCTOR (TSEM) shares in the market?

The filing shows no open-market buy or sell by Amir Elstein. Instead, he received 1,222 restricted stock units as a grant with a reported price of $0.00 per share, reflecting stock-based compensation rather than a cash transaction on the public market.

What does a restricted stock unit (RSU) grant mean for TSEM shareholders?

An RSU grant to a director represents additional potential shares that may vest over time, modestly increasing future share count. For TSEM, this filing reflects a routine equity compensation award, with 1,222 units vesting between 2027 and 2029, tied to continued service requirements.

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^*

Elstein Amir

(Last) (First) (Middle)

5 BASEL STREET, P.O. BOX 3190

(Street)

PETACH TIKVA 4951033

(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)		1,222	A	$0	126,556	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, additional 407 will vest on 07/02/2028 and the remaining 408 will vest on 07/02/2029, subject to the Reporting Person's continued service through each vesting date.

	/s/ Meirav Shemesh 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)