Charles Remsberg - 11 Aug 2023 Form 4 Insider Report for ReWalk Robotics Ltd. (LFWD)

Role
Chief Sales Officer
Signature
/s/ Charles Remsberg
Issuer symbol
LFWD
Transactions as of
11 Aug 2023
Net transactions value
$0
Form type
4
Filing time
14 Aug 2023, 08:18:45 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RWLK Ordinary Shares, par value NIS 0.25 per share Award $0 +200,000 $0.000000 200,000 11 Aug 2023 ESOP F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 200,000 ordinary shares, par value NIS 0.25 per share, issuable upon the vesting of restricted stock units ("RSUs") granted on August 11, 2023 (the "Grant Date") outside of, but subject to, the terms of ReWalk Robotics Ltd. (the "Company") Amended and Restated 2014 Incentive Compensation Plan. The RSUs vest ratably in four equal annual installments commencing as of the Grant Date. The RSUs were granted as an inducement material to the Reporting Person's employment pursuant to Nasdaq Listing Rule 5635(c)(4).

Remarks:

The Reporting Person has entered into an automatic sell-to-cover arrangement with the Company, pursuant to the terms of the Company's RSU grant agreement, dated as of the Grant Date, by and between the Company and the Reporting Person, with respect to the payment of taxes upon vesting of the RSUs.