Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 20

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 20
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 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.

     F-19 

    SATIVUS TECH CORP.
  
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
  
    U.S. dollars in thousands

    NOTE 5:-
    SHAREHOLDERS’ DEFICIT (cont.)

    A summary of RSU activity during the three months ended June 30, 2025, and the year ended December 31, 2024 is as follows:

    Schedule of RSU activity 

    Number 

    RSU outstanding at January 1, 2024 
     531,000 
  
    Granted 
     – 
  
    Forfeited 
     – 

    RSU’s outstanding at December 31, 2024 
     531,000 
  
    Forfeited 
     – 

    RSU’s outstanding at June 30, 2025