SEC FORM 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person ^*

Gilad Eran

(Last)

(First)

(Middle)

14 ATIR YEDA ST

(Street)

KFAR-SAVA

4464323

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SILICOM LTD. [ SILC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary shares	08/06/2026		M		5,000	A	$ 16.42	7,000	I	By Trustee ⁽²⁾
Ordinary shares	08/06/2026		S		25	D	$ 46.56	6,975	I	By Trustee ⁽²⁾
Ordinary shares	08/06/2026		S		6,975	D	$ 44.44	0	I	By Trustee ⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Share Option (right to buy)	$ 16.42	08/06/2026		M			5,000	⁽¹⁾	06/18/2032	Ordinary shares	5,000	$ 0	5,000	I	By Trustee ⁽²⁾
Share Option (right to buy)	$ 15.01							⁽⁴⁾	06/18/2033	Ordinary Shares	10,000		10,000	I	By Trustee ⁽²⁾
Restricted Share Units	⁽³⁾							⁽⁵⁾	⁽⁵⁾	Ordinary Shares	7,333		7,333	I	By Trustee ⁽²⁾

Explanation of Responses:

1. On June 18, 2024 (the "Grant Date"), the Reporting Person was granted an aggregate of 10,000 options of which 50% were due to vest on the second anniversary of the Grant Date and 50% are due to vest on the third annual anniversary of the Grant date, subject to his continuous service relationship with the Issuer through each applicable vesting date.

2. These securities are held by a trustee pursuant to the Issuer's equity incentive plan.

3. Each restricted share unit (RSU) represents the right to receive, following vesting, one share of the Issuer.

4. Each option represents an option to purchase one share of the Issuer's ordinary shares upon vesting. The options were granted on June 18, 2025 (the "Grant Date") and will vest as follows: (a) 50% on the second annual anniversary of the Grant Date; and (b) 50% on the third annual anniversary of the Grant Date subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date.

5. Subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date, (a) 2,445 of the RSUs will vest and convert into ordinary shares one year after the grant date (which grant date is January 29, 2026), (b) 2,444 of the RSUs will vest and convert into ordinary shares on the second annual anniversary of the grant date and (c) 2,444 of the RSUs will vest and convert into ordinary shares on the three year anniversary of the grant date. If a vesting date falls on a non-business date, the next business date shall apply.

	/s/ Gilad Eran	08/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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