Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 1246

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 1246
---
     4.3% 
     3.96%
  
    expected
    term 
     2.0-2.8  
     5 

In
the years ended December 31, 2024 and 2023, 6,875 and 11,625 options, respectively, were granted.

On
December 27, 2023, the Company’s stockholders approved an increase in the shares available for issuance under the 2017 Equity Incentive
Plan from 36,125 shares to 130,000 shares.

On
February 14, 2024, the Compensation Committee of the Company granted restricted share awards under the Company’s 2017 Equity Incentive
Plan to Ronen Luzon, Or Kles and Billy Pardo, pursuant to which they were issued 37,500 restricted shares, 18,750 restricted shares and
18,750 restricted shares, respectively. The restricted shares vest in three equal instalments on January 1, 2025, January 1,2026
and January 1, 2027, conditioned upon continuous employment with the Company, and subject to accelerated vesting upon a change in control
of the Company.

    F-26

MY
SIZE, INC. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

U.S.
dollars in thousands (except share data and per share data)

NOTE
14 - STOCK BASED COMPENSATION (Cont.)

The
total stock option compensation expense in the year ended December 31, 2024 amounted to $390 as follows: research and development expenses
amounted to $59, sales and marketing expenses amounted to $46 and general and administrative expenses amounted to $285.

The
total stock option compensation expense in the year ended December 31, 2023 amounted to $371 as follows: research and development expenses
amounted to $71, sales and marketing expenses amounted to $130 and general and administrative expenses amounted to $168.

As
of December 31, 2024, there was a total of $117 unrecognized compensation cost relating to non-vested share-based compensation arrangements.
That cost is expected to be recognized over a weighted-average period of 2.0 years.

Share
option activity during 2024 is as follows:

SCHEDULE
OF SHARES OPTION ACTIVITY 

    2024 

    Number
                                            of options  
    Weighted average exercise