Lawrence J. Jasinski - Sep 13, 2024 Form 4 Insider Report for Lifeward Ltd. (LFWD)

Role
Chief Executive Officer, Director
Signature
/s/ Lawrence J. Jasinski
Stock symbol
LFWD
Transactions as of
Sep 13, 2024
Transactions value $
-$8,700
Form type
4
Date filed
9/16/2024, 05:34 PM
Previous filing
Sep 3, 2024
Next filing
Nov 22, 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 -$8.7K -2.67K -2.59% $3.26 101K Sep 13, 2024 ESOP F1, F2
holding LFWD Ordinary Shares, par value NIS 1.75 per share 2.14K Sep 13, 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 September 13, 2024, in order to satisfy the Reporting Person's tax withholding obligation in connection with the vesting, on September 13, 2024, of certain restricted stock units ("RSUs") previously granted to the Reporting Person under the ReWalk 2014 Equity Incentive Plan on September 13, 2023 (the "Grant Date"). The Ordinary Shares were sold pursuant to an automatic sell-to-cover arrangement between the Reporting Person and Lifeward Ltd. (the "Company") and does not represent a discretionary trade by the Reporting Person.
F2 Reflects the weighted average sale price for Ordinary Shares sold. Actual sale prices for the shares sold ranged from $3.16 to $3.31. The Reporting Person undertakes to provide the Company, any security holder of the Company or the staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price.

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.