Company: MYSZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024073
Chunk: 52

Company: My Size, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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 and administrative 
     34  
     55 
  
    Stock-based compensation expense 
     46  
     79 

    11

MY
SIZE, INC. AND ITS SUBSIDIARIES

Notes
to Condensed Consolidated Interim Financial Statements (Unaudited)

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

Note
4 - Stock Based Compensation (Cont.)

Stock
Option Plan for Employees:

The
total number of shares of common stock which may be granted to directors, officers and employees under the 2017 Equity Incentive Plan (the “Plan”), is limited to 130,000
shares.

On
February 14, 2024, the Compensation Committee of the Company granted restricted common stock awards under the Company’s 2017 Equity
Incentive Plan to Ronen Luzon, Oren Elmaliah 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 shall vest in three equal installments 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. On the same day, the Company granted a total of 10,000 restricted stock units (“RSUs”) to its
directors that will vest on January 1, 2025 and 5five-years options to purchase up to 6,875 shares of common stock to other employees
of the Company at an exercise price of $3.832 per share. The option vesting period is over three years in three equal portions from the
vesting commencement date.

The
compensation cost resulting from the grant is approximately $314 and is expected to be recognized over a period of 3 years.

The
fair value of each option award is estimated on the date of grant using the Binomial option-pricing model that used the weighted average
assumptions in the following table. The risk free rate for the expected term of the option is based on the U.S. Treasury yield curve
in effect at the time of grant.

Schedule
of Fair Value Assumptions of Stock Option

    2024 Grants 
  
    Dividend yield 
     0%
  
    Expected volatility 
     86.22%
  
    Risk-free interest