Hazan Dalit Fellous 4

What Happened

• Hazan Dalit Fellous, Deputy CEO and EVP of R&D/CRA at PolyPid Ltd. (PYPD), received a derivative award on May 11, 2026 covering 75,000 shares with an exercise/base price of $4.46 per share, a total reported value of $334,500. The transaction is coded as an award/grant (derivative acquisition), not a sale.

Key Details

• Transaction date: May 11, 2026; reported filing date: July 17, 2026 (filed late relative to the transaction).
• Award size and price: 75,000 derivative shares @ $4.46 each = $334,500 total.
• Vesting: The award vests quarterly beginning May 11, 2026 through May 11, 2030 (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction type: Derivative award (code A). No immediate sale or cashless exercise reported in this filing.

Context

• This was a grant of derivative securities (likely options or restricted units) with a multi-year vesting schedule — the award does not represent an immediate sale and will convert to vested shares over time according to the stated schedule.
• The filing was submitted about two months after the reported transaction date, which is late for SEC Form 4 timing and may reduce near-term transparency for investors.