Company: MYSZ
Filing Date: 2025-06-30
Form Type: PRE 14A
Source: 0001641172-25-017142
Chunk: 39

Company: My Size, Inc.
Filing Date: 2025-06-30
Form: PRE 14A
Chunk 39
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 recognize ordinary compensation income equal to the difference between the fair market value of the shares on the date the shares of common stock subject to the award are transferred to the participant over the amount the participant paid for such shares, if any, and any subsequent appreciation in the value of the shares will be treated as a capital gain upon sale of the shares. The Company will be able to deduct, at the same time as it is recognized by the participant, the amount of taxable compensation to the participant for U.S. federal income tax purposes, but such deduction may be limited under Sections 280G and 162(m) of the Code for compensation paid to certain executives designated in those Sections.

Section 162(m)

In general, Section 162(m) of the Code denies a publicly held corporation a deduction for U.S. federal income tax purposes for compensation in excess of $1,000,000 per year per person paid to its principal executive officer and the three other officers (other than the principal executive officer and principal financial officer) whose compensation is disclosed in its proxy statement/prospectus as a result of their total compensation, subject to certain exceptions. The 2017 Plan is intended to satisfy an exception with respect to grants of options to covered employees.

Interest of Directors and Executive Officers.

All members of our board of directors and all of our executive officers are eligible for awards under the 2017 Plan and, thus, have a personal interest in the approval of the proposal to increase the number of shares available for issuance under the 2017 Plan.

New Plan Benefits

With respect to the increased number of shares reserved under the 2017 Plan, we cannot currently determine the benefits or number of shares that will be subject to awards that may be granted in the future to eligible participants under the 2017 Plan because the grant of awards and terms of such awards are to be determined in the sole discretion of the compensation committee.

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Equity Compensation Plan Information

The following table summarizes information about our equity compensation plans and individual compensation arrangements as of December 31, 2024.

|                                                            |     | Number of            
 securities           
 to be issued         
 upon exercise of     
 outstanding options, 
 warrants and rights  
 (a)                  |        |     | Weighted-        
 average exercise 
 price of         
 outstanding      
 options,         
 warrants and     
 rights           
 (b)              |      |     | Number of                 
 securities                
 remaining available for   
 future issuance under     
 equity compensation plans 
 (excluding securities     
 reflected in column       
 (a) (