Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 109

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 109
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 12 months, or such other period as determined by the plan administrator, subject to the terms of the Global
Incentive Plan and the governing option agreement.

On January 20, 2019, our board
of directors adopted an appendix to the Global Incentive Plan for U. S. residents, which was thereafter amended by the board of directors,
with effect from September 22, 2022. Under this appendix, the Global Incentive Plan provides for the granting of options to U. S. residents.
The U. S. Global Incentive Plan and appendix have been approved by our shareholders on May 23, 2019. On September 22, 2022, our board of
directors approved an amendment of the Global Incentive Plan, reflecting the addition of restricted shares and RSUs as an available means
of award to be granted to participants eligible to participate in the Global Incentive Plan.

On September 13, 2023, our
board of directors approved an increase in the number of Ordinary Shares reserved for issuance under the Global Incentive Plan by 5,000,000
Ordinary Shares, from 7,448,661 to 12,448,661.

  Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation  

Not applicable.

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY
TRANSACTIONS

A. Major Shareholders

We
are not aware of any beneficial owner of 5% or more of our outstanding Ordinary Shares.

Changes in Percentage Ownership by Major
Shareholders

Over
the course of 2024 and through March 2025, there were decreases in the percentage ownership of Mr. Yotam Benattia (from 5.8% to 2.3%).

Over
the course of 2023 and through March 2024, there were decreases in the percentage ownership of Messrs. Yotam Benattia (from 8.5% to 5.8%)
and Roni Lev (from 8.5% to 4.8%).

Over the course of 2022 and
until March 24, 2023, there were no decreases in the percentage ownership of major shareholders. There were increases
in the percentage ownership of some of our former major shareholders: (i) Mr. Roni Lev (from 6.4% to 8.5%), and (ii) Mr. Yotam Ben