Samuel Backenroth - Jan 1, 2023 Form 3 Insider Report for Vascular Biogenics Ltd. (VBLT)

Role: Chief Financial Officer
Signature: /s/ Samuel Backenroth
Stock symbol: VBLT
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 1/3/2023, 08:04 PM
Next filing: Apr 18, 2023

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
holding	VBLT	Restricted Stock Units							Jan 1, 2023	Ordinary Shares	700K		Direct	F1
holding	VBLT	Stock Option (Right to Buy)							Jan 1, 2023	Ordinary Shares	308K	$2.22	Direct	F2
holding	VBLT	Stock Option (Right to Buy)							Jan 1, 2023	Ordinary Shares	79.4K	$2.31	Direct	F3
holding	VBLT	Stock Option (Right to Buy)							Jan 1, 2023	Ordinary Shares	52.9K	$2.12	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") granted under the Issuer's Employee Share Ownership and Option Plan (2014) (the "2014 Plan"). Each RSU represents a contingent right to receive one Ordinary Share, par value NIS 0.01, with an exercise price of NIS 0.01, has no expiration date and vests as follows: 75% of the RSUs shall vest on March 31, 2023, with the remaining 25% vesting on August 9, 2024.
F2	These options were granted on 10/04/21 under the 2014 Plan and vest over four years commencing on the grant date such that 25% vest on the first anniversary of the date of grant and quarterly thereafter for three years such that they are vested in full on the four-year anniversary of the grant date.
F3	These options were granted on 12/07/21 under the 2014 Plan and vest over four years commencing on the grant date such that 25% vest on the first anniversary of the date of grant and quarterly thereafter for three years such that they are vested in full on the four-year anniversary of the grant date.
F4	These options were granted on 01/02/2022 under the 2014 Plan and vest over three years commencing on the grant date such that 1/3 vest on the first anniversary of the date of grant and then quarterly thereafter for two years, such that they are vested in full on the three-year anniversary of the grant date.

Remarks:

Exhibit 24 - Power of Attorney