SEC Form 4 · accession 0001976408-26-000651
TOWER SEMICONDUCTOR LTD · TSEM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell Craig Ellwanger
Officer — Chief Executive Officer
Period of report
Jul 13, 2026
Accepted (ET)
Jul 15, 2026 · 12:17 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000928876
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF2 | Jul 13, 2026 | S | 10,899 | $210.8201 | D | 764,388 | D | |
| Ordinary SharesF3 | Jul 13, 2026 | S | 17,173 | $211.9483 | D | 747,215 | D | |
| Ordinary SharesF4 | Jul 13, 2026 | S | 9,797 | $212.7959 | D | 737,418 | D | |
| Ordinary SharesF5 | Jul 13, 2026 | S | 9,878 | $213.8328 | D | 727,540 | D | |
| Ordinary SharesF6 | Jul 13, 2026 | S | 3,025 | $217.9321 | D | 724,515 | D | |
| Ordinary SharesF7 | Jul 13, 2026 | S | 2,118 | $219.01 | D | 722,397 | D | |
| Ordinary SharesF8 | Jul 13, 2026 | S | 4,936 | $219.8235 | D | 717,461 | D | |
| Ordinary SharesF9 | Jul 13, 2026 | S | 4,772 | $220.8834 | D | 712,689 | D | |
| Ordinary SharesF10 | Jul 13, 2026 | S | 1,856 | $222.4827 | D | 710,833 | D | |
| Ordinary SharesF11 | Jul 13, 2026 | S | 2,510 | $234.7107 | D | 708,323 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 relate to restricted stock units, each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"), that the Reporting Person was granted more than 3 years ago, hence all has become fully vested; the sale was effected pursuant to a pre-arranged, pre-scheduled order instruction established by the Reporting Person on March 12, 2026, when the reporting Person was not in possession of material non-public information.
- F10The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $222.28 to $222.62. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F11These shares were sold on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS). The exchange rate in effect on the transaction date was 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F2The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $210.33 to $211.27. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F3The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $211.37 to $212.36. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F4The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $212.37 to $213.36. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F5The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $213.39 to $214.22. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F6The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $217.36 to $218.31. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F7The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $218.38 to $219.21. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F8The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $219.39 to $220.33. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F9The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $220.40 to $221.16. 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 3.025 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request