A restricted stock unit (RSU) is an award of stock shares, typically provided as a form of employee compensation. Many tech companies in Israel utilize RSUs to enhance the total compensation of their employees.

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The purpose of this website is to assist you in calculating the net gain you can achieve from your available RSUs, or a portion thereof. This net gain is applicable in Israel and is determined according to section 102 of the income tax ordinance in Israel.

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We strive to gather minimal details from you (only 4 fields) while still providing a very accurate calculation of your net gain. These 4 fields are as follows (Rest assured, none of this information is saved anywhere beyond the calculation of your net gain):

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Stock Symbol – You can find your stock symbol by searching for your company's stock on Google (e.g., "NVIDIA stock" will show NVDA, which should be entered in this field).
For stocks traded on the Tel Aviv Stock Exchange (TASE), add “.TA” to the end of the symbol (e.g., "Partner stock" → PTNR.TA).

Number of shares - The number of shares you intend to sell. You can find the number of shares you hold in each RSU plan on your trustee's website.

Grant date - The grant date for each RSU plan can be found on your trustee's website.

Average monthly salary - This refers to your gross monthly salary. If your salary changed this year, calculate it by dividing the income by the elapsed months. If you have additional income components that could affect tax rates this year, add them to your gross yearly salary and divide by the number of months elapsed.

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These fields are not mandatory and can be used once checked:

Set stock price - Enter your preferred stock price, or the live value will be used for calculation.

Previous workplace - Check if you no longer work there. This salary will determine the Bituah Leumi tax rate.

Set dollar value - Specify the USD-ILS conversion rate. If not specified, the calculator will use the live dollar rate.

Extra Capital Gain – Check whether you have any capital gain or loss from previous RSU/ESPP sales or other investment sales during this year. For a gain, enter a positive number (e.g., 100,000), and for a loss, enter a negative number (e.g., –75,000).

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Multiple Plans:

If you have multiple RSU plans, whether from the same or different workplaces, you can include up to three plans to calculate the combined net gain from all sales. The results will show the stock and grant prices for each plan and summarize the total gain. Please note that the calculation assumes all plans are sold together.

The results displayed are as follows:

1$ - Dollar to Shekel rate (live or user's own dollar rate).

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Stock price - The current live stock price (or your own stock price).

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Grant price (for Pro or higher plans) - The average stock price over the 30 working days prior to the grant date.

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Gross - The RSU sell volume, before tax deductions.

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Average tax deduction - This is the average tax deduction for this RSU sell (gross-net/gross).

Users on Pro or higher plans see a tax breakdown:

Marginal Tax – Your highest marginal tax rate after selling the RSUs.

Bituah Leumi – Your highest Bituah Leumi (and health tax) rate after selling the RSUs.

Capital Tax – Your highest capital tax rate after selling the RSUs.

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Total net - Net to bank + Net to salary.

Net to bank - The amount of money (in Israeli shekels) that will be wired to your bank account if you successfully sell today at the displayed stock price.

Net to salary / Net tax refund - The additional amount in ILS to be added to your salary next month depends on whether your employer is the same as the one to which these shares belong. If so, this transfer will occur next month. Otherwise, it will be processed after the end of the year in which you sold those RSUs. You'll need to request Form 106 from the employer who holds the RSUs and provide it to the tax authorities; they'll deposit this amount into your bank account.

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Selling Tips (for Pro Plus users only):

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Two Years Break-Even Price – The future stock price (Y) at which your net gain (after tax and fees) equals selling now at the current stock price (X), even though two years haven’t passed since the grant date. Not shown if two years have passed or the current price is below the grant price.

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Reserve Monthly Salary – The gross monthly salary you’ll receive from Bituah Leumi for each full month of reserve duty (Miluim), if you sell the RSUs within 3 months before the start of your service.
When selecting "Pre-reserve sale", you'll be asked to choose the number of full months before the reserve month in which you sold the RSUs.
For example: If your reserve duty begins in August 2025 and you sell RSUs in June 2025, select "2".

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Maternity Monthly Salary – The monthly salary you'll receive from Bituah Leumi, which is gross, if you sell the RSUs between 6 months before the birth date and up to 10 months after it.
When selecting "Pre-birth sale", you'll be asked to choose the number of months before or after the birth month (months before should be entered with a minus sign, e.g., -1).
If you choose 1 month after or later, an additional dropdown will appear where you’ll need to enter the number of full maternity leave months you didn’t work (up to the selling date) — including the standard 3.5 paid months.

For example, if a woman sells RSUs 9 months after the birth month and was on maternity leave for 6.5 months in total, she should enter 9 in "Months Post Birth" and 6 in "Maternity Leave".

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* The fluctuating exchange rate between the US dollar and Israeli shekels is currently dictated by the real-time dollar-to-shekel rate. It's important to note that after selling your stocks, your trustee will establish a rate slightly distinct from the live one, which will consequently alter your Total Net by a small margin.

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