Director Yair Tauman filed a Form 4 with the SEC on November 2, 2026, reporting a net exercise of 5,000 stock options and the same-day sale of 1,919 ordinary shares of Radware Ltd on October 30, 2026.

Key Highlights

  • Transaction date: October 30, 2026, involving Radware Ltd (NASDAQ:RDWR) ordinary shares.
  • Options exercised: 5,000 stock options with an exercise price of $22.58 were exercised on a net basis.
  • Shares issued and sold: 1,919 ordinary shares were issued after shares were withheld to cover the aggregate exercise price; all 1,919 shares were sold on the same day at $36.05 per share.
  • Beneficial ownership after transaction: 15,000 ordinary shares held directly following the reported transaction.
  • Remaining derivative securities: 55,000 stock options (right to buy) remain beneficially owned directly, with an exercise price of $22.58 and an expiration date of December 10, 2029.

Tauman's Net Exercise and Same-Day Sale of Radware Ordinary Shares

According to the filing, Yair Tauman, a director of Radware Ltd, exercised 5,000 stock options on October 30, 2026, using a net exercise method. Under this approach, the filing states that "shares were withheld to cover the aggregate exercise price, resulting in the issuance of 1,919 shares." The options carried an exercise price of $22.58 per share and were originally exercisable from October 10, 2025, with an expiration date of December 10, 2029.

The filing further discloses that all 1,919 shares received upon the net exercise were sold on the same day, October 30, 2026, at a price of $36.05 per share, as reported in Table I of the form. This transaction is coded "S" for sale and "M" for the option exercise in the respective tables. Following the reported transactions, Tauman directly held 15,000 ordinary shares and retained 55,000 stock options beneficially owned on a direct basis, according to the filing.

The Form 4 was signed by Meirav Shemesh on behalf of Oppenheimer Israel, as attorney-in-fact, and filed on November 2, 2026. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan, as the corresponding checkbox on the form was not checked.

What Was Disclosed

Radware Ltd director Yair Tauman reported a net exercise of 5,000 stock options at $22.58, resulting in 1,919 shares issued and sold at $36.05 on October 30, 2026. After the transactions, he directly held 15,000 ordinary shares and 55,000 remaining stock options.