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ESLTElbit Systems Ltd · Insider ownership research

Elbit Systems Ltd insiders sold $61.9M since March 18, 2026. How much of their stake is that?

0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Bezhalel Machlis (President and CEO), sold $22.6M. 100% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Mar 18, 2026 to Oct 16, 2026

Officers and directors of non-US companies only began filing Forms 3 and 4 on March 18, 2026 (a new SEC rule), so this page covers the period since then. Their 10% holders still do not file. The SEC rule

$61.9M
sold with no plan disclosed, since March 18, 2026
0%
of sales were under disclosed trading plans, since March 18, 2026
7 of 11
officers and directors sold shares, since March 18, 2026
Latest filing: Filed Apr 10 for a sale on Apr 9. Bezhalel Machlis sold 26K shares ($22.6M) with no plan disclosed. Filing
SEC ownership filings: 27 filed from Mar 18, 2026 to Oct 16, 2026; 27 on record since Mar 18, 2026 · See the evidence

What stands out

Seven officers sold $61.9M with no disclosed plan: Bezhalel Machlis ($22.6M), Oren Sabag ($7.5M) and Yoram Shmuely ($6.8M), plus 4 more. The filings don't state a reason.Bezhalel Machlis: largest such sale, Apr 9, 2026 · Oren Sabag: largest such sale, Apr 9, 2026 · Yoram Shmuely: largest such sale, Apr 9, 2026

A share of stake is shown for 0 of the 7 officers and directors who sold. 11 are left out

i
Left out: Michael Federmann, Rina Baum, Yoram Shmuely, Bezhalel Machlis, Yaacov Kagan, Yehuda Vered, Ran Kril, Oren Sabag, Haim Delmar, Jonathan Ariel and Boaz Cohen (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, since March 18, 2026. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Bezhalel Machlis
President and CEO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$22.6MNo plan disclosed
Oren Sabag
Executive Vice President
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$7.5MNo plan disclosed
Yoram Shmuely
Executive Vice President
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.8MNo plan disclosed
Haim Delmar
Executive Vice President
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.8MNo plan disclosed
Jonathan Ariel
Executive Vice President
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.8MNo plan disclosed
All 7 sellers

Selling by month

Officers and directors, Mar 2026 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
MarApr 2026: $61.9M no plan disclosed$61.9MAprMayJunJulAugSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Apr 9, 20267 executives sold 70K shares ($61.9M) with no plan disclosed. 82K shares came in from vesting or option exercises the same day, so their combined holdings rose by 0 net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Bezhalel Machlis
President and CEO
25,514$887.40n/an/aApr 9, 2026Apr 10, 2026
Oren Sabag
Executive Vice President
8,504$887.40n/an/aApr 9, 2026Apr 10, 2026
Yoram Shmuely
Executive Vice President
7,654$887.40n/an/aApr 9, 2026Apr 10, 2026
Haim Delmar
Executive Vice President
7,654$887.40n/an/aApr 9, 2026Apr 10, 2026
Jonathan Ariel
Executive Vice President
7,654$887.40n/an/aApr 9, 2026Apr 10, 2026
Ran Kril
Executive Vice President
6,803$887.40n/an/aApr 9, 2026Apr 10, 2026
Yehuda Vered
Executive Vice President
5,953$887.40n/an/aApr 9, 2026Apr 10, 2026

Common questions

Is the Elbit Systems Ltd CEO selling stock?

Yes. Bezhalel Machlis sold 26K shares ($22.6M) since March 18, 2026, none of it under a trading plan disclosed in the filings.

Why are Elbit Systems Ltd insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Elbit Systems Ltd insiders buying?

No. Officers and directors reported no purchases since March 18, 2026.

The evidence

Who sold7 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Bezhalel Machlis
President and CEO
$22.6M
26K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Oren Sabag
Executive Vice President
$7.5M
8.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Yoram Shmuely
Executive Vice President
$6.8M
7.7K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Haim Delmar
Executive Vice President
$6.8M
7.7K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Jonathan Ariel
Executive Vice President
$6.8M
7.7K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Ran Kril
Executive Vice President
$6.0M
6.8K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Yehuda Vered
Executive Vice President
$5.3M
6K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 11 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Mar 17, 2026SoldHeld Oct 16, 2026Still held
Michael Federmann
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Federmann are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Federmann

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Federmann are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Rina Baum
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Rina Baum are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Rina Baum

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Rina Baum are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Yoram Shmuely
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Yoram Shmuely are complete.
Executive Vice President
n/a−7.7Kn/an/a
Vesting, gifts, unvested awards and holding lines for Yoram Shmuely

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Yoram Shmuely are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
50,000$197.82Dec 19, 2028$34.5M

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Bezhalel Machlis
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Bezhalel Machlis are complete.
President and CEO
n/a−26Kn/an/a
Vesting, gifts, unvested awards and holding lines for Bezhalel Machlis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Bezhalel Machlis are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−4.5Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
400,000$197.82Dec 19, 2028$276M

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Yaacov Kagan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Yaacov Kagan are complete.
Executive Vice President, CFO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Yaacov Kagan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Yaacov Kagan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
12,000$216.53Dec 14, 2027$8.1M
60,000$197.82Dec 19, 2028$41.4M

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Yehuda Vered
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Yehuda Vered are complete.
Executive Vice President
n/a−6Kn/an/a
Vesting, gifts, unvested awards and holding lines for Yehuda Vered

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Yehuda Vered are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,000$134.34Jul 7, 2027$1.5M
50,000$197.82Dec 19, 2028$34.5M

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Ran Kril
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ran Kril are complete.
Executive Vice President
n/a−6.8Kn/an/a
Vesting, gifts, unvested awards and holding lines for Ran Kril

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ran Kril are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.2Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
50,000$197.82Dec 19, 2028$34.5M

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Oren Sabag
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Oren Sabag are complete.
Executive Vice President
n/a−8.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Oren Sabag

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Oren Sabag are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.5Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
45,000$197.82Dec 19, 2028$31.0M

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Haim Delmar
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Haim Delmar are complete.
Executive Vice President
n/a−7.7Kn/an/a
Vesting, gifts, unvested awards and holding lines for Haim Delmar

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Haim Delmar are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
40,000$197.82Dec 19, 2028$27.6M
5,000$912.60Jun 24, 2031$0

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Jonathan Ariel
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jonathan Ariel are complete.
Executive Vice President
n/a−7.7Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jonathan Ariel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jonathan Ariel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
40,000$197.82Dec 19, 2028$27.6M

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Boaz Cohen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Boaz Cohen are complete.
Executive Vice President
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Boaz Cohen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Boaz Cohen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
20,000$197.82Dec 19, 2028$13.8M
5,000$912.60Jun 24, 2031$0

Estimate: options held × ($887.40 − strike price), using the most recent insider trade price on Form 4 (Apr 9, 2026), not a market close.

Holdings and share of stake for Elbit Systems Ltd are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$61.9M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $61.9M across 69,736 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $61.9M

Sales with no 10b5-1 plan and no tax reference in the filing. $22.6M of it is Bezhalel Machlis. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Bezhalel Machlis, Apr 9, 2026

Taxes

12,264 shares ($11.0M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Bezhalel Machlis
President and CEO
26K$22.6M0%37%Apr 9, 2026 to Apr 9, 2026
Oren Sabag
Executive Vice President
8.5K$7.5M0%12%Apr 9, 2026 to Apr 9, 2026
Yoram Shmuely
Executive Vice President
7.7K$6.8M0%11%Apr 9, 2026 to Apr 9, 2026
Haim Delmar
Executive Vice President
7.7K$6.8M0%11%Apr 9, 2026 to Apr 9, 2026
Jonathan Ariel
Executive Vice President
7.7K$6.8M0%11%Apr 9, 2026 to Apr 9, 2026
Ran Kril
Executive Vice President
6.8K$6.0M0%10%Apr 9, 2026 to Apr 9, 2026
Yehuda Vered
Executive Vice President
6K$5.3M0%9%Apr 9, 2026 to Apr 9, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Mar 2026$0$0$0$0
Apr 2026$61.9M$0$0$61.9M
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Known gaps and uncertainty11 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Elbit Systems Ltd are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology27 filings on record, 27 filed since March 18, 2026, and how we read them

All 27 Forms 3, 4 and 5 on record for Elbit Systems Ltd (SEC CIK 1027664), filed from Mar 18, 2026 to Aug 7, 2026; 27 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (8)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
David FedermannNo balance on record
Dov NinvehNo balance on record
Nir BarNo balance on record
Ehud AdamNo balance on record
Ehood NisanNo balance on record
Bilha ShapiraNo balance on record
Tzipi LivniNo balance on record
Abudi Bar-NathanNo balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.