Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 201

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 201
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 years ended December 31, 2024, 2023 and 2022 was $ 4.27 9.67 68.70

The total fair value of RSUs, as of their respective release dates, was $ 5,522 1,341 484

Equity-based compensation expense

The total equity-based compensation expense recognized in the Company’s consolidated statements of operations are as follows:

                                           Year ended December 31,                                                         
                                           2024                                    2023                  2022              
  Cost of revenues                         $                                —      $              —      $             72  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Research and development                                              4,205                 8,397                13,188  
  Selling, general and administrative                                   5,380                 7,881                13,632  
                                           $                            9,585      $         16,278      $         26,892  

As of December 31, 2024, unrecognized compensation cost related to share options and unvested RSUs were $2,552and $7,642, respectively. These costs are expected to be amortized over a weighted average remaining period of1.95years and2.3years, respectively.

F-29

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 12. INCOME TAXES

Tax rates applicable to the Company

The taxable income of Israeli company is subject to a corporate tax rate of 23

Loss before taxes is comprised as follows:

                         December 31, 2024                      December 31, 2023                      December 31, 2022                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Domestic (Israel)      $                      ( 113,276)      $                      ( 107,889)      $                      ( 109,088)  
  Foreign                                            3,585      ( 7,679)                                                           3,416  
  Total                  $                      ( 109,691)      $                      ( 115,568)      $                      ( 105,672)  

Reconciliation of the theoretical tax expense (benefit)