Company: MYSZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010830
Chunk: 10

Company: My Size, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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     16 
  
    Stock-based compensation expense - General and administrative 
     16  
     111 
  
    Stock-based compensation
    expense 
     22  
     141 

    9

MY SIZE, INC. AND ITS SUBSIDIARIES

Notes to Condensed Consolidated Interim Financial
Statements (Unaudited)

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

Note 4 - Stock Based Compensation (Cont.)

Stock Option Plan for Employees:

The total number of shares of
common stock which may be granted to directors, officers and employees under this plan, is limited to 130,000
shares. 

On February 14, 2024, the
Compensation Committee of the Company granted restricted common stock awards under the Company’s 2017 Equity Incentive Plan to
Ronen Luzon, Oren Elmaliah and Billy Pardo, pursuant to which they were issued 37,500
restricted shares, 18,750
restricted shares and 18,750
restricted shares, respectively. The restricted shares shall vest in three equal installments on January 1, 2025, January 1, 2026
and January 1, 2027, conditioned upon continuous employment with the Company and subject to accelerated vesting upon a change in
control of the Company. On the same day, the Company granted a total of 10,000
restricted stock units (“RSUs”) to its directors that will vest on January 1, 2025 and 5
five-years options to purchase up to 6,875
shares of common stock to other employees of the Company at an exercise price of $3.832
per share. The option vesting period is over three years in three equal portions from the vesting commencement date.

The compensation cost resulting from the
grant is approximately $314 and is expected to be recognized over a period of 3 years.

The fair value of each option award is estimated
on the date of grant using the Binomial option-pricing model that used the weighted average assumptions in the following table. The risk
free rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant

 Schedule
of Fair Value Assumptions of Stock Option

    2024 Grants 
  
    Dividend yield 
     0%
  
    Expected volatility 
     86.22%