Announcement • Aug 27

Bernstein Litowitz Berger & Grossmann LLP Announces Notice of Pendency and Proposed Settlement Involving All Persons and Entities Who Purchased or Otherwise Acquired Ordinary Shares of Kornit Digital Ltd

Bernstein Litowitz Berger & Grossmann LLP had announced that all persons and entities who purchased or otherwise acquired the ordinary shares of Kornit Digital Ltd. ("Kornit") (i) from February 17, 2021 through July 5, 2022, inclusive (the "Class Period"), and/or (ii) pursuant and/or traceable to Kornit's secondary offering of ordinary shares in November 2021 (the "Settlement Class") were notified, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the District of New Jersey (the "Court"), that the above-captioned securities class action (the "Action") was pending in the Court. Lead Plaintiffs Genesee County Employees' Retirement System, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD, and Hachshara Insurance Company Ltd. ("Lead Plaintiffs"), on behalf of themselves and the Settlement Class, had reached a proposed settlement of the Action for $19,500,000 in cash (the "Settlement"). If approved, the Settlement would resolve all claims in the Action. The Action involved allegations that Kornit and certain of its senior officers violated the federal securities laws. The Complaint alleged, among other things, that during the Class Period, Kornit, and its Chief Executive Officer Ronen Samuel and its Chief Financial Officer Alon Rozner (collectively, the "Individual Defendants") made material misrepresentations and omissions related to Kornit's business, in violation of Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), and that the Individual Defendants controlled Kornit when the misstatements were made, in violation of Section 20(a) of the Exchange Act. Defendants expressly denied that Lead Plaintiffs had asserted any valid claims as to any of them, and expressly denied any and all allegations of fault, liability, wrongdoing, or damages whatsoever. Issues and defenses at issue in the Action included, among others, (i) whether Defendants made materially false statements or omissions; (ii) whether Defendants made the statements with the required state of mind; (iii) whether the alleged misstatements caused class members' losses; and (iv) the amount of damages, if any. A hearing would be held on November 18, 2026, at 3:00 p.m. Eastern Time, before the Honorable Madeline Cox Arleo of the United States District Court for the District of New Jersey, either in person in Courtroom 4A of the Martin Luther King Building & U.S. Courthouse, 50 Walnut Street, Newark, NJ 07101, or by telephone or videoconference (in the discretion of the Court), to determine: (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether, for purposes of the proposed Settlement only, the Action should be certified as a class action on behalf of the Settlement Class, Lead Plaintiffs should be certified as the Class Representatives for the Settlement Class, and Lead Counsel should be appointed as Class Counsel for the Settlement Class; (iii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation (and in the Notice) should be granted; (iv) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (v) whether Lead Counsel's application for an award of attorneys' fees and expenses should be approved. If you are a member of the Settlement Class, your rights would be affected by the pending Action and the Settlement, and you may be entitled to share in the Net Settlement Fund. If you are a member of the Settlement Class, in order to be eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked (if mailed) or online by no later than December 10, 2026. If you are a Settlement Class Member and do not submit a proper Claim Form, you will not be eligible to receive a payment from the Settlement, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action. If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion such that it is received no later than October 28, 2026, in accordance with the instructions set forth in the Notice.

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Bernstein Litowitz Berger & Grossmann LLP Announces Notice of Pendency and Proposed Settlement Involving All Persons and Entities Who Purchased or Otherwise Acquired Ordinary Shares of Kornit Digital Ltd

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