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Form 3 CERAGON NETWORKS LTD For: Mar 18 Filed by: Arazi Doron Ovadia

March 18, 2026 1:21 PM
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Arazi Doron Ovadia
(Last) (First) (Middle)
14 RUBINSTEIN ARTHUR ST.,
(Street)
TEL AVIV
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
CERAGON NETWORKS LTD [ CRNT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares 87,500 (1)
D
Ordinary Shares 87,500 (2)
D
Ordinary Shares 66,667 (3)
D
Ordinary Shares 66,667 (4)
D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 07/19/2022 (5) 07/19/2027 Ordinary Shares 150,000 3.701 D
Stock Option (Right to Buy) 10/03/2023 (6) 10/03/2028 Ordinary Shares 175,000 2.108 D
Stock Option (Right to Buy) 09/07/2024 (7) 09/07/2029 Ordinary Shares 125,000 1.99 D
Stock Option (Right to Buy) 05/23/2025 (8) 05/23/2030 Ordinary Shares 133,333 3.08 D
Stock Option (Right to Buy) 05/22/2026 (9) 05/22/2031 Ordinary Shares 133,333 2.45 D
Explanation of Responses:
1. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 10/03/2023 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
2. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 09/07/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
3. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 05/23/2025 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
4. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one ordinary share of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 05/22/2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
5. The Stock Options are Fully vested and immediately exercisable
6. The Options vest in four equal annual installments (25% per year) commencing on 10/03/2023 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
7. The Options vest in four equal annual installments (25% per year) commencing on 09/07/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
8. The Options vest in four equal annual installments (25% per year) commencing on 05/23/2025 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
9. The Options vest 25% on the first year (05/22/2026 ) and the remaining 75% vest in twelve equal quarterly installments over a three-year period, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
Remarks:
This Form 3 is being filed to report the Reporting Person beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.
Doron Arazi by: Oppenheimer Israel, as Attorney-in-fact 03/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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