Ceragon Networks Director Efrat Makov's Equity Transactions - May 2026

This Form 4 filing reports equity transactions by Ceragon Networks Ltd. director Efrat Makov during May 22-23, 2026. On May 22, Makov received 6,520 restricted stock units that vested immediately and were settled in ordinary shares. She also exercised 6,667 stock options at $2.108 per share and immediately sold those shares at $2.65 per share, resulting in a profit. Additionally, she was granted 13,030 stock options with a $2.79 exercise price. On May 23, Makov received 14,750 additional RSUs that vested immediately and was granted 29,500 stock options with a $2.80 exercise price. Following these transactions, her direct ownership increased to 58,950 ordinary shares and she held 29,500 stock options. The filing represents routine equity compensation and option exercises by a company director.