Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 449

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 449
---
OLDERS’ EQUITY (Cont.)

    e.
    Restricted Share Units:

RSUs under the 2018 Plan may be granted
upon such terms and conditions, no monetary payment (other than payments made for applicable taxes) shall be required as a condition of
receiving the Company’s shares pursuant to a grant of RSUs, and unless determined otherwise by the Company, the aggregate nominal
value of such RSUs shall not be paid and the Company shall capitalize applicable profits or take any other action to ensure that it meets
any requirement of applicable laws regarding issuance of shares for consideration that is lower than the nominal value of such shares.
If, however, the Company’s board of directors determines that the nominal value of the shares shall not be waived and shall be paid
by the grantees, then it shall determine procedures for payment of such nominal value by the grantees or for collection of such amount
from the grantees by the Company.

Shares issued pursuant to any RSUs units
may (but need not) be made subject to exercise conditions, as shall be established by the Company and set forth in the applicable notice
of grant evidencing such award. During any restriction period in which shares acquired pursuant to an award of RSUs remain subject to
exercise conditions, such shares may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of unless otherwise
provided in the 2018 Plan. Upon request by the Company, each grantee shall execute any agreement evidencing such transfer restrictions
prior to the receipt of shares hereunder and the Company may place appropriate legends evidencing any such transfer restrictions on the
relevant share certificates.

A summary of RSU activity during the
years ended December 31, 2024, and 2023, is as follows:

     Schedule of RSU activity 

    Number 

    RSU outstanding at January 1, 2023 
     536,000 
  
    Granted  
     – 
  
    Forfeited 
     (5,000)

    RSU’s outstanding at December 31, 2023 
     531,000 
  
    Forfeited 
     – 

    RSU’s exercisable at December 31, 2024 
     531,000 

     F-26 

SATIVUS TECH CORP.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except per share
data

    NOTE 6