Enlight Energy — Director's Dealing 2026

Mar 18, 2026

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* Leviatan Adi (Last) (First) (Middle) C/O ENLIGHT RENEWABLE ENERGY LTD. 13 AMAL ST. AFEK INDUSTRIAL PARK (Street) ROSH HA'AYIN 4809249 (City) (State) (Zip/Postal Code) ISRAEL (Country)
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Table I – Non-Derivative Securities Beneficially Owned
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1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)
Ordinary shares, NIS 0.1 par value per share	31,561(1)
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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)
	Date Exercisable

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Stock Options (right to buy)	(2)	01/10/2032	Ordinary shares, NIS 0.1 par value per share	143,553	$27.33^{(3)}	D
Performance-Based RSUs	(4)	(4)	Ordinary shares, NIS 0.1 par value per share	31,561	(4)	D

Explanation of Responses:

1. Consists of 31,561 restricted share units granted on October 1, 2025, with 7,890 vesting on each of October 1, 2026, October 1, 2027, and October 1, 2028, and 7,891 vesting on October 1, 2029. Each restricted share unit represents a contingent right to receive one ordinary share of the Company.
2. Stock options were granted on October 1, 2025, with 35,888 vesting on each of October 1, 2026, October 1, 2027, and October 1, 2028, and 35,889 vesting on October 1, 2029.
3. Represents an exercise price of NIS 84.60, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026.
4. Performance-based RSUs ("PSUs") were granted on October 1, 2025 and vest in four annual tranches: 7,890 on each of October 1, 2026, 2027, and 2028, and 7,891 on October 1, 2029, subject to continued service as an office holder and achievement of performance metrics for the preceding calendar year. The metrics, Total Income and Revenues, and Adjusted EBITDA (each as reported in the Company's Annual Report on Form 20-F), are measured against the midpoint of the Company's forecast published at the start of the applicable performance year. Achievement of 90% of the target yields 50% vesting for that metric's portion of the tranche, with linear interpolation for achievement between 90% and 100%. Metrics are weighted equally and evaluated independently; overperformance in one cannot offset the other. Each PSU represents a contingent right to receive one ordinary share of the Company upon vesting.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney by Adi Leviatan

/s/ Helit Megido as attorney-in-fact for Adi Leviatan
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 5(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.

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Exhibit 24

POWER OF ATTORNEY FOR SECTION 16 REPORTING OBLIGATIONS

KNOW ALL BY THESE PRESENTS, that the undersigned hereby makes, constitutes and appoints Helit Megido and Lisa Haimovitz, each of whom may act singly, and with full power of substitution and re-substitution, as the undersigned's true and lawful Attorney-in-Fact (each of such persons and their substitutes being referred to herein as the "Attorney-in-Fact"), with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to:

(1) prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 (including any amendments thereto) with respect to the securities of Enlight Renewable Energy Ltd., a company incorporated under the laws of Israel, or any successor thereto (the "Company"), with the U.S. Securities and Exchange Commission, any national securities exchange on which the Company's equity securities are listed and the Company, as considered necessary or advisable under Section 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the "Exchange Act");

(2) seek or obtain, as the undersigned's representative and on the undersigned's behalf, information regarding transactions in the Company's equity securities from any third party, including the Company and any brokers, dealers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such third party to release any such information to the Attorney-in-Fact and approves and ratifies any such release of information; and

(3) perform any and all other acts which in the discretion of such Attorney-in-Fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing.

The undersigned acknowledges that:

(1) this Power of Attorney authorizes, but does not require, the Attorney-in-Fact to act in his or her discretion on information provided to such Attorney-in-Fact without independent verification of such information;

(2) any documents prepared, executed, acknowledged and/or delivered by such Attorney-in-Fact on behalf of the undersigned pursuant to this Power of Attorney will be in such form and will contain such information and disclosure as such Attorney-in-Fact, in his or her discretion, deems necessary or desirable;

(3) neither the Company nor the Attorney-in-Fact assumes (i) any liability for the undersigned's responsibility to comply with the requirements of Section 16 of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements or (iii) any obligation or liability of the undersigned for disgorgement of profits under Section 16(b) of the Exchange Act, if applicable; and

(4) this Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under the Exchange Act, including without limitation the reporting requirements under Section 16 of the Exchange Act.

The undersigned hereby gives and grants the Attorney-in-Fact full power and authority to do and perform each and every act and thing requisite, necessary or advisable to be done in connection with the foregoing matters as fully, to all intents and purposes, as the undersigned might or could do in person, hereby ratifying and confirming all that the Attorney-in-Fact, or his or her substitute or substitutes, shall lawfully do or cause to be done by authority of this Power of Attorney.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 4 or 5 with respect to the undersigned's holdings of and transactions in securities of the Company, unless earlier revoked by the undersigned in a signed writing delivered to the Attorney-in-Fact. This Power of Attorney revokes all previous powers of attorney with respect to the subject matter of this Power of Attorney.

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IN WITNESS WHEREOF, the undersigned executed this Power of Attorney to be as of this 26 day of February, 2026.

Date: February 26, 2026

By: /s/ Adi Leviatan

ADI LEVIATAN

CEO