Lawrence J. Jasinski - 18 Jun 2024 Form 4 Insider Report for ReWalk Robotics Ltd. (LFWD)

Role
Chief Executive Officer, Director
Signature
/s/ Lawrence J. Jasinski
Issuer symbol
LFWD
Transactions as of
18 Jun 2024
Net transactions value
-$14,617
Form type
4
Filing time
21 Jun 2024, 08:47:23 UTC
Previous filing
03 Jun 2024
Next filing
06 Aug 2024
SEC
View on sec.gov

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 $14,617 -3,466 -3.2% $4.22* 105,974 18 Jun 2024 ESOP F1
holding LFWD Ordinary Shares, par value NIS 1.75 per share 2,142 18 Jun 2024 Direct
* 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 June 18, 2024, in order to satisfy the Reporting Person's tax withholding obligation in connection with the vesting, on June 18, 2024, of certain restricted stock units ("RSUs") previously granted to the Reporting Person under the ReWalk 2014 Equity Incentive Plan on June 18, 2020 (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.

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.