Domanovitz Elad 4
4 · ACTELIS NETWORKS INC · Filed Jun 21, 2023
Insider Transaction Report
Form 4
Domanovitz Elad
Chief Technology Officer
Transactions
- Award
Restricted Stock Unit
2023-06-20+1,800→ 1,800 total→ Common Stock, $0.0001 par value (1,800 underlying)
Footnotes (2)
- [F1]The first third of the Restricted Stock Units ("RSUs") will vest on June 15, 2024 ("Vesting Date"), with the remaining two-thirds of the RSUs vesting in equal increments over the next two years on each annual anniversary date following the Vesting Date, until June 15, 2026, at which point the RSU grants shall be fully vested, subject to the Reporting Person remaining continuously employed through the final Vesting Date, unless the Reporting Person's engagement with the Issuer is terminated, in which case the unvested RSUs will vest at the termination date, based on the upcoming annual anniversary amount, pro-rated to the date of termination. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
- [F2]The board of directors of the Issuer, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2015 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock).