Company: MYSZ
Filing Date: 2025-06-30
Form Type: PRE 14A
Source: 0001641172-25-017142
Chunk: 33

Company: My Size, Inc.
Filing Date: 2025-06-30
Form: PRE 14A
Chunk 33
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 to increase the reservation of our common stock for issuance thereunder to 7,250 shares from 1,000 shares; on December 30, 2021, our stockholders voted to increase the reservation of common stock for issuance under the 2017 Plan to 28,850 shares from 7,250 shares; on December 7, 2022, our stockholders voted to increase the reservation of common stock for issuance under the 2017 Plan to 36,125 shares from 28,850 shares; and on December 27, 2023, our stockholders voted to increase the reservation of common stock for issuance under the 2017 Plan to 130,000 shares from 36,125 shares (in each case, the share numbers give effect to the 1-for-25 reverse stock split effected by us on December 8, 2022 and the 1-for-8 reverse stock split effected by us on April 19, 2024). Following the most recent shareholder approval on December 27, 2023, the number of shares of common stock reserved for issuance under the 2017 Plan is 130,000.

On June 4, 2025, our compensation committee recommended to the board of directors to increase the number of shares available for issuance under the 2017 Plan by 626,691 shares to 756,691 shares from 130,000 shares (after giving effect to the most recent reverse stock split effected by us on April 19, 2024), subject to stockholder approval of the amendment to the 2017 Plan.

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Our board of directors deems it advisable and in the best interest of the Company to increase the number of shares available for issuance under the 2017 Plan by 626,691 shares to 756,691 shares from 130,000 to attract and retain key personnel and to provide a means for directors, officers, managers and employees to acquire and maintain an interest in the Company, which interest may be measured by reference to the value of its common stock.

A copy of the proposed amendment is attached hereto as Appendix A.

Reasons for the Proposed Plan Amendment

We believe that operation of the 2017 Plan is a necessary and powerful tool in attracting and retaining the services of key employees, key contractors, and outside directors in a competitive labor market, which is essential to our long-term growth and success. We also need to ensure that we can continue to provide an incentive to our current employees,