Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 99

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 99
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As of March 31, 2025, no individual director or senior management
beneficially owned (as defined in Rule 13d-3 under the Exchange Act) one percent or more of our ordinary shares and all directors and
senior management in the aggregate beneficially owned 0.46% of our ordinary shares. As of March 31, 2025, our directors and senior management
beneficially owned an aggregate of approximately 1.50 million RSUs and PSUs for our ordinary shares. For information regarding our equity-based
incentive plans, see Note 14B to our consolidated financial statements included in this annual report.

F. DISCLOSURE OF A REGISTRANT'S ACTION TO
RECOVER ERRONEOUSLY AWARDED COMPENSATION

None.

ITEM
7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. MAJOR SHAREHOLDERS

Information concerning the beneficial ownership (as defined in
Rule 13d-3 under the Exchange Act) of our ordinary shares by any person who is known to us to beneficially own 5% or more of our issued
and outstanding ordinary shares as of March 31, 2025 is set forth below. The percentage of beneficial ownership of our ordinary shares
is based on 111,756,623 ordinary shares issued and outstanding as of March 31, 2025.

The voting rights of our major shareholders do not differ from
the voting rights of other holders of our ordinary shares.

63

                                                     Ordinary Shares Beneficially Owned            
  Name of Beneficial Owner                                                       Number            
  Menora Mivtachim Holdings Ltd.(2)                                           8,592,362      7.69  
  Migdal Insurance & Financial Holdings Ltd.(3)                               8,475,261      7.58  
  Senvest Management, LLC (4)                                                 8,059,407      7.21  
  Phoenix Holdings Ltd.(5)                                                    6,448,248      5.77  
  Clal Insurance Enterprises Holdings Ltd.(6)                                 5,631,160      5.04  
  Point72 Asset Management, L. P.(7)                                          5,616,207      5.03  

  (1)      In accordance with the rules of the SEC, beneficial ownership includes the ordinary shares reported that the holder (i) has voting  

  (2)      Based solely upon,