Yoav Shaked Files Form 4: 20,000 Restricted Shares, Vesting Over Two Years
Rhea-AI Filing Summary
DarioHealth Corp. (DRIO) director Yoav Shaked reported a restricted share award granted and recorded on 09/11/2025. The filing shows an acquisition of 20,000 shares of common stock at a reported price of $0, structured to vest in two equal installments on the last day of each successive annual anniversary after the grant date over a two-year period. After accounting for a 20-for-1 reverse stock split effected on August 28, 2025, the number of shares beneficially owned by Mr. Shaked is shown as 32,810.
The report also discloses indirect ownership of 84 shares held by the reporting person’s spouse, with the reporting person disclaiming beneficial ownership of those shares. The form is signed by Yoav Shaked on 09/15/2025.
Positive
- Restricted share award disclosed (20,000 shares), signaling director alignment with shareholders through equity compensation
- Clear vesting schedule specified: two equal installments on successive annual anniversaries, which supports retention incentives
- Proper disclosure of reverse split impact with adjusted beneficial ownership shown (32,810 after 20-for-1 split)
- Spousal holdings disclosed and disclaimer provided, demonstrating compliance with Section 16 reporting rules
Negative
- None.
Insights
TL;DR: Director received a restricted share award (20,000 shares pre-split) that vests over two years; filings reflect reverse split adjustment.
The filing documents a non-cash compensation event: a restricted share award acquired on 09/11/2025 for 20,000 shares at a $0 price, indicating an equity grant rather than a market purchase. Vesting occurs in two equal annual installments, which spreads recognition and retention incentives over two years. The post-split beneficial ownership figure of 32,810 reflects the 20-for-1 reverse split on 08/28/2025, which materially adjusted reported share counts. The spouse-held 84 shares are disclosed as indirect and explicitly disclaimed by the reporting person.
TL;DR: Standard director equity grant disclosed; vesting schedule and spousal holdings are properly reported.
The statement is a routine Section 16 filing showing compliance with insider reporting for a director equity award. Key governance items are present: clear vesting terms (two equal installments over two years), disclosure of indirect spousal holdings, and an explicit disclaimer of beneficial ownership for those spouse-held shares. The signature dated 09/15/2025 provides timely attestation to the report.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The restricted share award shall vest in two equal installments on the last day of each successive annual anniversary after the grant date over a two-year period. The number of shares beneficially owned reflects the 20-for-1 reverse stock split effected on August 28, 2025. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
FAQ
What did Yoav Shaked report on Form 4 for DRIO?
Are there any indirect holdings disclosed in the filing?
When was the Form 4 signed and filed by Yoav Shaked?