Thirdeye Systems CEO converts restricted stock units into shares, increases stake to 5.87%

Lior Segal, CEO and director of Thirdeye Systems, converted approximately 7,900 restricted stock units into ordinary shares in a move that increased his direct holdings in the company. Concurrently, another company senior officer also converted units into shares.

Thirdeye Systems CEO Lior Segal and senior officer Omer Shoham converted restricted stock units (RSUs) into ordinary shares of the company. As a result of the move, Segal's stake rose to 5.87% of the share capital, while Shoham's stake stands at 0.05%. The conversion was executed as part of the company's equity compensation plan.

Defense technology company Thirdeye Systems (TASE: EYEN) reported today (Sunday) on changes in the holdings of two senior officers, led by CEO and director Lior Segal. According to the filing with the TASE, Segal and another senior officer, Omer Shoham, converted vested restricted stock units (RSUs) into ordinary shares of the company, in a move executed as part of the equity compensation plan for employees and officers.

Lior Segal, who serves as CEO and director, converted 7,917 restricted stock units that he held. Following the conversion, the balance of his restricted units decreased from 15,832 to 7,915. Concurrently, his package of ordinary shares increased by the same number, standing after the move at 2,450,834 shares, compared to 2,442,917 shares previously.

Following the conversion, Segal's share of the company's capital and voting rights rose to 5.87%. On a fully diluted basis, including his remaining convertible securities, his holdings amount to 6.80%. This is a substantial holding for a CEO in a public company.

In addition, Omer Shoham, defined in the report as a "senior officer who is not a CEO or director," converted 3,333 restricted stock units from the "Eyess 06/23 Employees" series. The balance of his restricted units dropped from 20,001 to 16,668. Correspondingly, his holdings in ordinary shares rose from 16,666 to 19,999 shares.

Shoham's holdings following the conversion stand at 0.05% of the company's capital and voting rights. On a fully diluted basis, his holdings reach 0.22%.

Both conversions were executed on October 4, 2026, and according to the filing, the transaction price was 0, as is customary in the conversion of convertible securities into shares under compensation plans. Moves of this type are designed, among other things, to align the interests of the company's officers with those of all shareholders.