MAKOV EFRAT enters CERAGON NETWORKS LTD with 37.68K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

MAKOV EFRAT

Filed: 3/18/2026ACC: 0001976408-26-000247

InsiderMAKOV EFRATCIK 1728659

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IssuerCERAGON NETWORKS LTDCIK 1119769

Director

Since Mar 2026

37.68K

Baseline shares

100% direct

37.68K

Direct ownership

1 position

115.34K

Derivative underlying

6 instruments

Security positions

All direct

Non-Derivative Holdings1

Ordinary Shares

Direct

Shares owned37.68K

Total

37.68K direct37.68K

Security Title	Shares Owned	Ownership Type
Ordinary Shares	37.68K	Direct
Total	37.68K	37.68K direct

Derivative Holdings6

Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

16.67K

Shares owned

N/A

Exercise price

1.99

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

6.67K

Shares owned

N/A

Exercise price

2.108

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

26.79K

Shares owned

N/A

Exercise price

3.08

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

16.67K

Shares owned

N/A

Exercise price

1.916

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

14.85K

Shares owned

N/A

Exercise price

2.45

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Ordinary Shares

Underlying shares

33.70K

Shares owned

N/A

Exercise price

2.45

Expiration

—

Exercise window

—

Total

Underlying

115.34K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option (Right to Buy) Direct	Ordinary Shares	1.99	—	—	16.67K	N/A
Stock Option (Right to Buy) Direct	Ordinary Shares	2.108	—	—	6.67K	N/A
Stock Option (Right to Buy) Direct	Ordinary Shares	3.08	—	—	26.79K	N/A
Stock Option (Right to Buy) Direct	Ordinary Shares	1.916	—	—	16.67K	N/A
Stock Option (Right to Buy) Direct	Ordinary Shares	2.45	—	—	14.85K	N/A
Stock Option (Right to Buy) Direct	Ordinary Shares	2.45	—	—	33.70K	N/A
Total					115.34K	0.00