Lawrence J. Jasinski - May 21, 2024 Form 4 Insider Report for ReWalk Robotics Ltd. (LFWD)

Role
Chief Executive Officer, Director
Signature
/s/ Lawrence J. Jasinski
Stock symbol
LFWD
Transactions as of
May 21, 2024
Transactions value $
-$7,954
Form type
4
Date filed
5/23/2024, 08:24 PM
Previous filing
Apr 1, 2024
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFWD Ordinary Shares, par value NIS 1.75 per share Sale -$7.95K -1.62K -1.46% $4.91* 109K May 21, 2024 ESOP F1, F2
holding LFWD Ordinary Shares, par value NIS 1.75 per share 2.14K May 21, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Ordinary Shares sold in the open market on May 21, 2024, in order to satisfy the Reporting Person's tax withholding obligation in connection with the vesting, on May 21, 2024, of certain restricted stock units ("RSUs") previously granted to the Reporting Person under the ReWalk 2014 Equity Incentive Plan on May 21, 2021 (the "Grant Date"). The Ordinary Shares were sold pursuant to an automatic sell-to-cover arrangement between the Reporting Person and ReWalk Robotics Ltd. (the "Company") and does not represent a discretionary trade by the Reporting Person.
F2 The reported number of shares has been adjusted to reflect the impact of the Company's 1-for-7 reverse share split, which became effective on March 15, 2024.

Remarks:

The automatic sell-to-cover arrangement is mandated by 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.