PRF Technologies (PRFX) director holds 3,000 employee stock options

Rhea-AI Filing Summary

PRF Technologies Ltd. director Shavit Asaf reported holding employee stock options linked to 3,000 Ordinary Shares. These options have an exercise price of 5.55 per share and expire on November 24, 2035.

The options were granted under the 2019 PainReform Option Plan and will vest in equal quarterly installments starting three months after the November 24, 2025 grant date, becoming fully vested three years after that date if his service continues. For Israeli tax benefits under Section 102 of the Israeli Tax Ordinance, the securities must be registered in the name of a trustee.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Shavit Asaf

(Last) (First) (Middle)

C/O PRF TECHNOLOGIES LTD.

65 YIGAL ALON ST.

(Street)

TEL AVIV 6744316

(City) (State) (Zip)

ISRAEL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
PRF Technologies Ltd. [ PRFX ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)(1)(2)	(3)	11/24/2035	Ordinary Shares	3,000	$5.55	D

Explanation of Responses:

1. Options granted under the 2019 PainReform Option Plan.

2. To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee in connection with the 2019 PainReform Option Plan must be registered in the name of a trustee.

3. The grant date of this grant is November 24, 2025. The options will vest in equal quarterly installments beginning on the three-month anniversary of the grant date until fully vested on the three-year anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer as of each vesting date.

	/s/ Asi Shavit	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What did Shavit Asaf report holding in PRF Technologies (PRFX)?

Shavit Asaf reported holding employee stock options linked to 3,000 Ordinary Shares of PRF Technologies. These options are part of the 2019 PainReform Option Plan and provide the right to buy shares at a fixed exercise price if vesting and service conditions are met.

What are the key terms of Shavit Asaf’s PRFX stock options?

The options relate to 3,000 underlying Ordinary Shares with an exercise price of 5.55 per share and an expiration date of November 24, 2035. They were granted under the 2019 PainReform Option Plan, subject to a defined vesting schedule tied to continued service.

How do Shavit Asaf’s PRFX options vest over time?

The options vest in equal quarterly installments beginning on the three-month anniversary of the November 24, 2025 grant date. Vesting continues in these quarterly steps until the three-year anniversary of the grant date, as long as Shavit Asaf continues to provide service to PRF Technologies.

Why are PRFX options for Shavit Asaf held via a trustee?

To qualify for certain tax benefits under Section 102 of the Israeli Tax Ordinance, securities issued to an employee under the 2019 PainReform Option Plan must be registered in the name of a trustee. This structure helps enable the intended Israeli tax treatment for the option grant.

What plan governs Shavit Asaf’s 3,000 PRFX stock options?

The 3,000 underlying options were granted under the 2019 PainReform Option Plan. This plan specifies that options vest quarterly over three years from the November 24, 2025 grant date and that securities for Israeli employees are held by a trustee for tax purposes.