SEC Form 4 · accession 0001976408-26-000719
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
Aug 10, 2026
Accepted (ET)
Aug 12, 2026 · 11:31 am 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 | Aug 10, 2026 | S | 1,025 | $245.93 | D | 707,298 | D | |
| Ordinary SharesF3 | Aug 10, 2026 | S | 2,062 | $246.71 | D | 705,236 | D | |
| Ordinary SharesF4 | Aug 10, 2026 | S | 5,498 | $248.02 | D | 699,738 | D | |
| Ordinary SharesF5 | Aug 10, 2026 | S | 5,559 | $248.94 | D | 694,179 | D | |
| Ordinary SharesF6 | Aug 10, 2026 | S | 1,123 | $250.05 | D | 693,056 | D | |
| Ordinary SharesF7 | Aug 10, 2026 | S | 6,474 | $251.04 | D | 686,582 | D | |
| Ordinary SharesF8 | Aug 10, 2026 | S | 3,341 | $252.07 | D | 683,241 | D | |
| Ordinary SharesF9 | Aug 10, 2026 | S | 9,022 | $253.53 | D | 674,219 | D | |
| Ordinary SharesF10 | Aug 10, 2026 | S | 7,343 | $254.15 | D | 666,876 | D | |
| Ordinary SharesF11 | Aug 10, 2026 | S | 3,116 | $255.24 | D | 663,760 | D | |
| Ordinary SharesF12 | Aug 10, 2026 | S | 9,720 | $256.56 | D | 654,040 | D | |
| Ordinary SharesF13 | Aug 10, 2026 | S | 5,407 | $257.27 | D | 648,633 | D | |
| Ordinary SharesF14 | Aug 10, 2026 | S | 6,486 | $258.47 | D | 642,147 | D | |
| Ordinary SharesF15 | Aug 10, 2026 | S | 2,519 | $259.94 | D | 639,628 | D | |
| Ordinary SharesF16 | Aug 10, 2026 | S | 5,316 | $261.03 | D | 634,312 | D | |
| Ordinary SharesF17 | Aug 10, 2026 | S | 1,471 | $262.16 | D | 632,841 | D | |
| Ordinary SharesF18 | Aug 10, 2026 | S | 1,827 | $263.78 | D | 631,014 | D | |
| Ordinary SharesF19 | Aug 11, 2026 | S | 3,060 | $243.32 | D | 627,954 | D | |
| Ordinary SharesF20 | Aug 11, 2026 | S | 2,507 | $244.69 | D | 625,447 | D | |
| Ordinary SharesF21 | Aug 11, 2026 | S | 11,624 | $245.78 | D | 613,823 | D | |
| Ordinary SharesF22 | Aug 11, 2026 | S | 5,065 | $246.74 | D | 608,758 | D | |
| Ordinary SharesF23 | Aug 11, 2026 | S | 23,028 | $248.08 | D | 585,730 | D | |
| Ordinary SharesF24 | Aug 11, 2026 | S | 35,208 | $248.78 | D | 550,522 | D | |
| Ordinary SharesF25 | Aug 11, 2026 | S | 15,816 | $249.66 | D | 534,706 | D | |
| Ordinary SharesF26 | Aug 11, 2026 | S | 3,331 | $250.90 | D | 531,375 | D | |
| Ordinary SharesF27 | Aug 11, 2026 | S | 2,098 | $252.74 | D | 529,277 | D | |
| Ordinary SharesF28 | Aug 11, 2026 | S | 2,489 | $253.92 | D | 526,788 | 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 $253.80 to $254.80. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F11The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $254.84 to $255.84. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F12The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $255.87 to $256.87. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F13The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $256.90 to $257.87. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F14The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $257.94 to $258.91. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F15The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $259.22 to $260.17. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F16The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $260.32 to $261.22. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F17The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $261.81 to $262.24. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F18The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $263.19 to $264.16. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F19The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $243.18 to $244.13. 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 3.005 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 $245.26 to $246.26. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F20The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $244.26 to $245.26. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F21The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $245.29 to $246.22. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F22The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $246.34 to $247.34. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F23The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $247.35 to $248.35. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F24The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $248.36 to $249.35. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F25The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $249.39 to $250.32. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F26The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $250.45 to $251.38. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F27The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $252.20 to $253.08. 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 3.005 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request
- F28These shares were sold on the Tel Aviv Stock Exchange in New Israeli Shekels (ILS). The exchange rate in effect on the transaction date was 3.005 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 $246.31 to $247.30. 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 2.998 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 $247.36 to $248.35. 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 2.998 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 $248.37 to $249.37. 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 2.998 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 $249.40 to $250.38. 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 2.998 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 $250.63 to $251.43. 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 2.998 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 $251.77 to $252.77. 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 2.998 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 $252.78 to $253.77. 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 2.998 ILS to $1.000 . The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request