IN RE SOLAREDGE TECHNOLOGIES, INC. SECURITIES LITIGATION — Entry #177: FINAL ORDER AND JUDGMENT: IT IS ORDERED, ADJUDGED AND DECREED that: 1

Case 1:23-cv-09748-GHW-OTW                   Document 177          Filed 08/26/26        Page 1 of 10


                             UNITED STATES DISTRICT COURT
                            SOUTHERN DISTRICT OF NEW YORK


 IN RE SOLAREDGE TECHNOLOGIES,
 INC. SECURITIES LITIGATION                              No. 1:23-cv-09748-GHW

                                                                         USDC SDNY
                                                                         DOCUMENT
                                                                         ELECTRONICALLY FILED
 THIS DOCUMENT RELATES TO:                                               DOC #:
                                                                         DATE FILED: 8/26/2026
 ALL ACTIONS


                                     FINAL ORDER AND JUDGMENT

        WHEREAS, an action is pending before this Court entitled In re SolarEdge Technologies, Inc.

Securities Litigation, Case No. 1:23-cv-09748-GHW-OTW (the “Action”);

        WHEREAS, Lead Plaintiffs Mivtachim the Workers Social Insurance Fund Ltd., Keren Hgimlaot

Hmerkazit Histadrut Central Pension Fund Ltd., Kerren Makefet Pension and Provident Center Cooperative

Society Ltd., the Hadassah Workers Pension Fund Ltd., and Hachshara Insurance Company Ltd., and Named

Plaintiff Javier Alcides Cascallar (collectively, “Plaintiffs”), on behalf of themselves and all other members

of the Settlement Class (defined below), and SolarEdge Technologies, Inc. (“SolarEdge”), Zvi Lando,

Ronen Faier, Lior Danziger, and J.B. Lowe (together, the “Individual Defendants,” and collectively

with SolarEdge, the “Defendants,” and collectively with Plaintiffs, the “Parties”) entered into a

Stipulation and Agreement of Settlement, dated April 21, 2026 (the “Stipulation”);

        WHEREAS, unless otherwise defined in this Judgment, the capitalized terms herein shall have

the same meaning as they have in the Stipulation;

        WHEREAS, pursuant to the Order Granting Preliminary Approval of Class Action

Settlement, entered May 1, 2026 (ECF No. 161, the “Preliminary Approval Order”), this Court:

(a) preliminarily approved the Settlement; (b) certified the Settlement Class solely for purposes of


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effectuating the Settlement; (c) ordered that notice of the proposed Settlement be provided to

potential Settlement Class Members; (d) provided Settlement Class Members with the opportunity

either to exclude themselves from the Settlement Class or to object to the Settlement; and (e)

scheduled a hearing regarding final approval of the Settlement;

        WHEREAS, due and adequate notice has been given to the Settlement Class;

        WHEREAS, the Court conducted a hearing on August 24, 2026 (the “Settlement Hearing”)

to consider, among other things, (a) whether the terms and conditions of the Settlement are fair,

reasonable, and adequate to the Settlement Class, and should therefore be approved; (b) whether a

judgment should be entered dismissing the Action with prejudice as against the Defendants; and

(c) how to rule on Lead Counsel’s Fee and Expense Application

        WHEREAS, the Court having reviewed and considered the Stipulation, all papers filed and

proceedings held herein in connection with the Settlement, all oral and written comments received

regarding the Settlement, and the record in the Action, and good cause appearing therefor;

        IT IS ORDERED, ADJUDGED AND DECREED that:

        1.      Incorporation of Settlement Documents. This Judgment incorporates by reference

the definitions in (a) the Stipulation, and (b) the Notice and the Summary Notice, and all capitalized

terms used herein shall have the same meanings as set forth in the Stipulation and the Notices unless

otherwise set forth herein.

        2.      Jurisdiction. This Court has jurisdiction over the subject matter of the Action and

all matters relating to the Settlement, as well as personal jurisdiction over all the Parties, including all

Settlement Class Members.

        3.      Class Certification for Purposes of Settlement. The Court hereby affirms its

determinations in the Preliminary Approval Order and finally certifies, for purposes of the Settlement

only, pursuant to Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure, the Settlement Class


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of: all persons and entities other than Defendants, Immediate Family Members of the Individual

Defendants, any person who is, or was during the Class Period, an officer or director of SolarEdge

and any of their Immediate Family Members, any affiliates or subsidiaries of SolarEdge, any entity in

which Defendants have or had a controlling interest, and the legal representatives, heirs, agents,

affiliates, successors or assigns of any such excluded persons or entities, who purchased or otherwise

acquired SolarEdge common stock between February 13, 2023 and October 19, 2023, inclusive.

        4.      Pursuant to Rule 23 of the Federal Rules of Civil Procedure and for purposes of the

Settlement only, the Court hereby re-affirms its determinations in the Preliminary Approval Order

and finally appoints Plaintiffs as Class Representatives for the Settlement Class and finally appoints

Pomerantz LLP as Class Counsel for the Settlement Class. Class Representatives and Class Counsel

have fairly and adequately represented the Settlement Class both in terms of litigating the Action and

for purposes of entering into and implementing the Settlement and have satisfied the requirements of

Federal Rules of Civil Procedure 23(a)(4) and 23(g), respectively.

        5.      Notice. The Court finds that the dissemination of the Long Notice, Summary Notice,

Postcard Notice, and Proof of Claim: (i) complied with the Preliminary Approval Order;

(ii) constituted the best notice practicable under the circumstances; (iii) constituted notice that was

reasonably calculated to apprise Settlement Class Members of the effect of the Settlement, of the

proposed Plan of Allocation for the proceeds of the Settlement, of Class Counsel’s request for

payment of attorneys’ fees and Litigation Expenses incurred in connection with the prosecution of

the Action, of Settlement Class Members’ rights to object thereto or seek exclusion from the

Settlement Class, and of their right to appear at the Settlement Hearing; (iv) constituted due, adequate,

and sufficient notice to all Persons entitled to receive notice of the proposed Settlement; and (v)

satisfied the notice requirements of Rule 23 of the Federal Rules of Civil Procedure, the United States

Constitution (including the Due Process Clause), and Section 21D(a)(7) of the Securities Exchange


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Act of 1934, 15 U.S.C. § 78u-4(a)(7), as amended by the Private Securities Litigation Reform Act of

1995 (the “PSLRA”).

        6.      Objections. There have been no valid objections to Final Approval of the Settlement

or the Plan of Allocation. The Objection of Avrohom Senderovic (ECF Nos. 170-71) is hereby

overruled as set forth in Paragraph 20 infra.

        7.      Final Settlement Approval and Dismissal of Claims. Pursuant to Rule 23(e)(2) of

the Federal Rules of Civil Procedure, this Court hereby approves the Settlement and finds that in light

of the benefits to the Settlement Class, the complexity and expense of further litigation, the risks of

establishing liability and damages, and the costs of continued litigation, said Settlement is, in all

respects, fair, reasonable, and adequate, having considered and found that: (a) Class Representatives

and Class Counsel have adequately represented the Settlement Class; (b) the proposal was negotiated

at arm’s-length between experienced counsel; (c) the relief provided for the Settlement Class is

adequate, having taken into account (i) the costs, risks, and delay of trial and appeal, (ii) the

effectiveness of any proposed method of distributing relief to the Settlement Class, including the

method of processing Settlement Class Member Claims, (iii) the terms of any proposed award of

attorneys’ fees, including timing of payment, and (iv) any agreement required to be identified under

Rule 23(e)(3), and (d) the proposed Plan of Allocation treats Settlement Class Members equitably

relative to each other. Accordingly, the Settlement is hereby approved in all respects (including,

without limitation: the amount of the Settlement; the releases provided for in the Stipulation; and the

dismissal with prejudice of the claims asserted against Defendants) and shall be consummated in

accordance with the terms and provisions of the Stipulation. The Parties are hereby directed to

consummate the Stipulation and to perform its terms.

        8.      The Action and all claims contained therein are dismissed with prejudice. The Parties

are to bear their own costs, except as otherwise provided in the Stipulation.


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        9.      Rule 11 Findings. The Court finds that, during the course of the Action, the Parties

and their respective counsel complied with each requirement of Rule 11 of the Federal Rules of Civil

Procedure.

        10.     Releases. The releases set forth in Paragraphs 5 and 6 of the Stipulation, together

with the definitions contained within the Stipulation relating thereto, are expressly incorporated herein

in all respects. Without further action by anyone, and subject to Paragraph 12 below, upon the

Effective Date of the Settlement, Class Representatives and each and every other Settlement Class

Member, on behalf of themselves and each of their respective heirs, executors, trustees,

administrators, predecessors, successors, and assigns, in their capacities as such, shall be deemed to

have, and by operation of this Judgment shall have, fully, finally, and forever compromised, settled,

released, resolved, relinquished, waived, discharged, and dismissed with prejudice each and every one

of the Released Plaintiffs’ Claims against each and every one of the Released Defendant Parties and

shall forever be barred and enjoined from commencing, instituting, prosecuting, or maintaining any

and all of the Released Plaintiffs’ Claims against any and all of the Released Defendant Parties, whether

or not such Settlement Class Member executes and delivers a Claim Form or shares in the Net

Settlement Fund.

        11.     Without further action by anyone, and subject to Paragraph 12 below, upon the

Effective Date of the Settlement, each of the Defendants, on behalf of themselves and each of their

respective heirs, executors, trustees, administrators, predecessors, successors, and assigns, in their

capacities as such, shall have fully, finally, and forever compromised, settled, released, resolved,

relinquished, waived, discharged, and dismissed with prejudice each and every one of the Released

Defendants’ Claims against each and every one of the Released Plaintiff Parties and shall forever be

barred and enjoined from commencing, instituting, prosecuting, or maintaining any and all of the

Released Defendants’ Claims against any and all of the Released Plaintiff Parties.


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        12.     Notwithstanding Paragraphs 10 and 11 above, nothing in this Judgment shall bar any

action by any of the Parties to enforce or effectuate the terms of the Stipulation or this Judgment.

        13.     Binding Effect. The terms of the Stipulation and this Judgment shall be forever

binding on Defendants, Class Representatives, and each Settlement Class Member (whether or not

such Settlement Class Member executes and delivers a Claim Form or seeks or obtains a distribution

from the Net Settlement Fund), as well as their respective successors and assigns.

        14.     No Admissions. This Judgment and the Stipulation (including any exhibits thereto,

the Supplemental Agreement, and any Plan of Allocation), whether or not consummated, and whether

or not approved by the Court, and any discussion, negotiation, proceeding, or agreement relating to

the Stipulation, the Settlement, and any matter arising in connection with settlement discussions or

negotiations, proceedings, or agreements, shall not be offered or received against or to the prejudice

of any of the Parties or their respective counsel, for any purpose other than in an action to enforce

the terms of the Settlement, the Stipulation, or this Judgment, and in particular:

                (a)     do not constitute, and shall not be offered or received against or to the

prejudice of any of the Released Defendant Parties as evidence of, or construed as, or deemed to be

evidence of any presumption, concession, or admission by any of the Released Defendant Parties with

respect to the truth of any allegation by Class Representatives or the Settlement Class, or the validity

of any claim that has been or could have been asserted in the Action or in any litigation, including, but

not limited to, the Released Plaintiffs’ Claims, or of any liability, damages, negligence, fault, or

wrongdoing of any of the Released Defendant Parties or any person or entity whatsoever, or of any

infirmity in any of Defendants’ defenses;

                (b)     do not constitute, and shall not be offered or received against or to the

prejudice of any of the Released Defendant Parties as evidence of a presumption, concession, or

admission of any fault, misrepresentation, or omission with respect to any statement or written


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document approved or made by any of the Released Defendant Parties, or against or to the prejudice

of Class Representatives, or any other Settlement Class Member as evidence of any infirmity in the

claims of Class Representatives, or Settlement Class Members;

                (c)     do not constitute, and shall not be offered or received against or to the

prejudice of any of the Released Defendant Parties, Class Representatives, any Settlement Class

Member, or their respective counsel, as evidence of a presumption, concession, or admission with

respect to any liability, damages, negligence, fault, infirmity, or wrongdoing, or in any way referred to

for any other reason against or to the prejudice of any of the Released Defendant Parties, Class

Representatives, Settlement Class Members, or their respective counsel, in any other civil, criminal, or

administrative action or proceeding, other than such proceedings as may be necessary to effectuate

the provisions of this Stipulation;

                (d)     do not constitute, and shall not be construed against any of the Released

Defendant Parties, Class Representatives, or any Settlement Class Member, as an admission or

concession that the consideration to be given hereunder represents the amount that could be or would

have been recovered after trial; and

                (e)     do not constitute, and shall not be construed as or received in evidence as an

admission, concession, or presumption against Class Representatives or any Settlement Class Member

that any of their claims are without merit or infirm or that damages recoverable in the Action would

not have exceeded the Settlement Amount.

        15.     The administration of the Settlement, and the decision of all disputed questions of law

and fact with respect to the validity of any Claim or right of any Person to participate in the distribution

of the Net Settlement Fund, shall remain under the authority of this Court.

        16.     Modification of the Stipulation. Without further approval from the Court, Class

Representatives and Defendants are hereby authorized to agree to and adopt such amendments or


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modifications of the Stipulation or any exhibits attached thereto to effectuate the Settlement that: (a)

are not materially inconsistent with this Judgment; and (b) do not materially limit the rights of

Settlement Class Members in connection with the Settlement. Without further order of the Court,

the Parties may agree to reasonable extensions of time to carry out any of the provisions of the

Stipulation.

        17.     Approval of the Plan of Allocation. The Court hereby finds and concludes that the

Plan of Allocation for the calculation of the Claims of Claimants and distribution of the Net Settlement

Fund, which was set forth in the Long Notice disseminated to Settlement Class Members, provides a

fair and reasonable basis upon which to allocate the Net Settlement Fund among eligible Settlement

Class Members. The Court hereby approves the Plan of Allocation.

        18.     The Court’s approval of the Plan of Allocation is a matter separate and distinct from

approval of the Settlement and shall in no way disturb or affect the finality of the other aspects of this

Judgment with respect to the Settlement.

        19.     Attorneys’ Fees and Expenses. Notice of Class Counsel’s motion for an award of

attorneys’ fees and payment of Litigation Expenses was given to all Settlement Class Members who

could be identified with reasonable effort. The form and method of notifying the Settlement Class of

the motion for an award of attorneys’ fees and payment of Litigation Expenses satisfied the notice

requirements of Rule 23 of the Federal Rules of Civil Procedure, the United States Constitution

(including the Due Process Clause), and Section 21D(a)(7) of the Securities Exchange Act of 1934, 15

U.S.C. §78u-4(a)(7), as amended by the PSLRA; constituted the best notice practicable under the

circumstances; and constituted due, adequate, and sufficient notice to all Persons entitled thereto.

        20.     While Avrohom Senderovic filed a purported objection to Plaintiffs’ motion for an

award of attorneys’ fees and payment of litigation expenses and plaintiffs’ awards on August 10, 2026

(ECF Nos. 170-71), that objection is invalid because it is untimely. Mr. Senderovic also does not have


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standing to file an objection because he sold his SolarEdge shares for a profit before the end of the

Class Period and is therefore not entitled to compensation from the Net Settlement Fund.

       21.      Lead Counsel are hereby awarded attorneys’ fees in the amount of $13,750,000, plus

interest at the same rate earned by the Settlement Fund, and $750,000 in payment of Litigation

Expenses, plus accrued interest, which sums the Court finds to be fair and reasonable. The award of

attorneys’ fees and Litigation Expenses may be paid to Lead Counsel from the Settlement Fund

immediately upon entry of this Judgment, subject to the terms, conditions, and obligations of the

Stipulation, which terms, conditions, and obligations are incorporated herein.

       22.      The Court’s approval of the Fee and Expense Application is a matter separate and

distinct from approval of the Settlement and shall in no way disturb or affect the finality of this

Judgment with respect to the Settlement.

       23.      Class Representatives Awards. Pursuant to §21D(a)(4) of the PSLRA, 15 U.S.C.

§78u-4(a)(4):

                (a)    Mivtachim the Workers Social Insurance Fund Ltd., Keren Hgimlaot

Hmerkazit Histadrut Central Pension Fund Ltd., Kerren Makefet Pension and Provident Center

Cooperative Society Ltd., the Hadassah Workers Pension Fund Ltd., are hereby awarded $23,500 from

the Settlement Fund as reimbursement for their reasonable costs and expenses directly related to his

representation of the Settlement Class;

                (b)    Hachshara Insurance Company Ltd. is hereby awarded $23,500 from the

Settlement Fund as reimbursement for their reasonable costs and expenses directly related to his

representation of the Settlement Class; and

                (c)    Javier Alcides Cascallar is hereby awarded $8,750 from the Settlement Fund as

reimbursement for their reasonable costs and expenses directly related to his representation of the

Settlement Class.


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        24.     Retention of Jurisdiction. Without affecting the finality of this Judgment in any way,

this Court hereby retains continuing jurisdiction over: (i) implementation of the Settlement; (ii) the

allowance, disallowance, or adjustment of any Settlement Class Member’s Claim on equitable grounds

and any award or distribution of the Settlement Fund; (iii) disposition of the Settlement Fund; (iv) any

applications for attorneys’ fees, costs, interest, and payment of Litigation Expenses in the Action; (v)

all Parties for the purpose of construing, enforcing, and administering the Settlement and this

Judgment; and (vi) other matters related or ancillary to the foregoing, until such time as the funds are

distributed pursuant to a further order of the Court.

        25.     Termination of Settlement. In the event that the Settlement does not become

effective in accordance with the terms of the Stipulation, then this Judgment shall be rendered null

and void to the extent provided by and in accordance with the Stipulation and shall be vacated, and

in such event, all orders entered and releases delivered in connection herewith shall be null and void

to the extent provided by and in accordance with the Stipulation, and the Settlement Fund shall be

returned in accordance with Paragraph 36 of the Stipulation.

        26.     Entry of Final Judgment. There is no just reason for delay in the entry of this

Judgment and immediate entry by the Clerk of Court is respectfully directed. The Clerk of Court is

directed to close this case.

        SO ORDERED.

 DATED: August 2, 2026
 New York, New York                                         ______
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                                                            __ _______
                                                               __   _____________________
                                                                    ____
                                                      ____________________________________
                                                            ONO ORA
                                                                  RABL
                                                      THE HONORABLE  BLE
                                                                     BL  E GREGORY H. WOODS
                                                      UNITED
                                                           ED STATES DISTRICT JUDGE    JU


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