Yaron Altit - Jun 20, 2023 Form 4 Insider Report for ACTELIS NETWORKS INC (ASNS)

Signature
/s/ Yaron Altit
Stock symbol
ASNS
Transactions as of
Jun 20, 2023
Transactions value $
$0
Form type
4
Date filed
6/21/2023, 04:30 PM
Previous filing
Dec 19, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASNS Restricted Stock Unit Award $0 +4K $0.00 4K Jun 20, 2023 Common Stock, $0.0001 par value 4K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The first third of the Restricted Stock Units ("RSUs") will vest on June 15, 2024 ("Vesting Date"), with the remaining two-thirds of the RSUs vesting in equal increments over the next two years on each annual anniversary date following the Vesting Date, until June 15, 2026, at which point the RSU grants shall be fully vested, subject to the Reporting Person remaining continuously employed through the final Vesting Date, unless the Reporting Person's engagement with the Issuer is terminated, in which case the unvested RSUs will vest at the termination date, based on the upcoming annual anniversary amount, pro-rated to the date of termination. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
F2 The board of directors of the Issuer, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2015 Equity Incentive Plan, as amended, the form of payout of the RSUs (cash and/or stock).