Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 199

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 199
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 4.122 3,639,893 4.121 4.122 0.001 44,877 29,877

F-26

Table of Contents

REE AUTOMOTIVE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

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

NOTE 10. SHAREHOLDERS’ EQUITY(cont.)

For further information, see Note 14 (c).

d. On December 23, 2024, the Company issued 72,780

For further information regarding equity transactions, see Note 20.

F-27

Table of Contents

REE AUTOMOTIVE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

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

NOTE 11. SHARE-BASED COMPENSATION

Share option plan

In July 2021, the Board of Directors approved the REE Automotive Ltd. 2021 Share Incentive Plan (the “2021 Plan”). The 2021 Plan provides for the grant of options, ordinary shares, restricted shares, restricted share units (“ RSUs”), stock appreciation rights, other cash-based awards, and other share-based awards which may be granted to employees, officers, non-employee consultants and directors of the Company. The Shares reserved under the 2021 Plan will automatically increase on January 1 of each year during the term of the 2021 Plan, commencing on January 1 of the year following the year in which the 2021 Plan became effective, in an amount equal to 5 3,100,410

As of December 31, 2024, 65,744

In general, options granted under the Plan vest over a three-year 10 10

Options granted to employees and non-employees

The following table summarizes option balances as of December 31, 2024, and changes during the year then ended:

                                        Number of options                     Weighted-average exercise price      Weighted-average remaining contractual term (in years)      Aggregate intrinsic value (in thousands) (1)              
  Granted                                         417,835                                                  $—                                                                                                                            
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