Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 200

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 200
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  Outstanding at January 1, 2024                               3,525,594                                $5.02                                                        6.50      $                                                 13,250  
  Exercised                                                    ( 89,627)                                $0.15                                                                                                                            
  Forfeited                                                    ( 47,713)                                $4.92                                                                                                                            
  Outstanding at December 31, 2024                             3,806,089                                $4.58                                                        5.78      $                                                 26,086  
  Exercisable at December 31, 2024                             3,362,234                                $5.19                                                        5.33      $                                                 22,171  

(1) Intrinsic value is calculated as the difference between the fair value of REE’s Class A ordinary shares as of the end of each reporting period and the exercise price of the option.

F-28

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(cont.)

The weighted average grant date fair value of options granted during the years ended December 31, 2024, 2023 and 2022 was $ 4.65 10.86 56.70

The weighted average exercise price of the Company's options granted during the years ended December 31, 2024, 2023 and 2022 was $ 0.00 0.03 0.38

The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $ 561 962 9,349

RSUs activity

The following table summarizes RSUs activity:

Weighted-average ordinary fair value per share at grant date
Outstanding at January 1, 2024 822,241 $ 11.85
Granted 1,825,274 4.27
Vested ( 890,458) 8.20
Forfeited ( 174,254) 6.70
Outstanding at December 31, 2024 1,582,803 $ 5.73

The weighted average grant date fair value of restricted share units granted during the