REE Automotive (NASDAQ: REE) director details RSU and option holdings

Rhea-AI Filing Summary

REE Automotive Ltd. director Zemah Ayellet filed an initial ownership report detailing equity awards and share holdings. The filing lists several blocks of Restricted Stock Units (RSUs) tied to Class A Ordinary Shares, including 10,893 unvested RSUs from a 16,340-unit grant and 14,615 unvested RSUs from a 21,923-unit grant awarded in connection with Ayellet’s Board appointment on March 6, 2025. It also shows a separate grant of 211,566 RSUs made on January 22, 2026 that vests in a single installment on the first anniversary of the grant date or at the next annual shareholder meeting, whichever occurs earlier. In addition, Ayellet holds options on 8,901 Class A Ordinary Shares at an exercise price of $11.234 per share, expiring in 2030, and direct holdings of 12,755 and 5,340 Class A Ordinary Shares. The RSUs are held in trust under REE’s 2021 Share Incentive Plan, and some securities are held through Zemah Schneider Holdings LP for Ayellet’s benefit.

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^*

Zemah Ayellet

(Last) (First) (Middle)

C/O REE AUTOMOTIVE LTD

KIBBUTZ GLIL-YAM

(Street)

KIBBUTZ GLIL-YAM 4690500

(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
REE Automotive Ltd. [ REE ]

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)
Class A Ordinary Shares	12,755	D(1)
Class A Ordinary Shares	5,340	D(2)

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
Restricted Stock Units	(4)	(4)	Class A Ordinary Shares(3)	10,893	(3)	D(1)
Restricted Stock Units	(5)	(5)	Class A Ordinary Shares(3)	14,615	(5)	D(1)
Restricted Stock Units	(6)	(6)	Class A Ordinary Shares(3)	211,566	(6)	D(1)
Options	08/12/2020	08/12/2030	Class A Ordinary Shares	8,901(7)	$11.234	D(2)

Explanation of Responses:

1. Restricted Share Units ("RSUs") granted under REE Automotive Ltd.'s (the "Company") 2021 Share Incentive Plan and underlying Class A Ordinary Shares are deposited with a trustee approved by the Israeli Tax Authority for this purpose, which holds such securities in trust on behalf of the Reporting Person.

2. These securities are held through Zemah Schneider Holdings LP for the benefit of the Reporting Person.

3. Each RSU represents the right to receive, following vesting, one share of the Company's Class A Ordinary Shares.

4. Non-employee directors of the Company are granted an initial grant of $100,000 worth of RSUs to purchase Class A Ordinary Shares, which are granted on the date of a director's election or appointment to the Board of Directors ("Board"), based on the closing share price on the date of grant. As a result, the Reporting Person received an initial grant of 16,340 RSUs, which was $100,000 worth of RSUs that were granted in connection with the Reporting Persons's appointment to the Board on March 6, 2025. The 16,340 RSUs vest in three equal installments on the first, second and third anniversaries of the date of grant or on the date of the annual meeting of shareholders in the first, second and third years following the date of grant, whichever is earlier in any year. The vesting of such RSUs shall be accelerated upon a change of control of the Company, as shall be promptly defined by its Board of Directors and its Compensation Committee. As of the date herein, 10,893 RSUs remain unvested.

5. Each non-employee director is also granted an initial prorated portion of $150,000, which will be granted on the date of the director's election or appointment to the Board, based on the closing share price on the date of grant. As a result, the Reporting Person received an initial grant of 21,923 RSUs, which was a prorated amount of $150,000 worth of RSUs that were granted in connection with the Reporting Persons's appointment to the Board on March 6, 2025. The 21,923 RSUs vest in three equal installments on the first, second and third anniversaries of the date of grant or on the date of the annual meeting of shareholders in the first, second and third years following the date of grant, whichever is earlier in any year. The vesting of such RSUs shall be accelerated upon a change of control of the Company, as shall be promptly defined by its Board of Directors and its Compensation Committee. As of the date herein, 14,615 RSUs remain unvested.

6. On January 22, 2026, the Reporting Person was granted 211,566 RSUs, which vest in one installment on the first anniversary of the date of grant or the annual meeting of shareholders immediately following the date of grant, whichever is earlier. The vesting of such RSUs shall be accelerated upon a change of control of the Company, as shall be promptly defined by its Board and its Compensation Committee.

7. These options were granted to the Reporting Person prior to the Company's initial public offering and are fully vested as of the date herein.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Avital Futterman, Attorney-in-Fact	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 does REE Automotive (REE) director Zemah Ayellet report owning in this Form 3?

The filing shows initial equity holdings for director Zemah Ayellet, including RSUs, stock options, and Class A Ordinary Shares. These positions reflect compensation-related awards rather than open-market trades, outlining Ayellet’s starting ownership stake as a non-employee director.

How many RSUs linked to REE Automotive Class A shares does Ayellet hold?

Ayellet holds several Restricted Stock Unit blocks tied to Class A Ordinary Shares: 10,893 unvested RSUs from a 16,340-unit grant, 14,615 unvested RSUs from a 21,923-unit grant, and a separate grant of 211,566 RSUs awarded on January 22, 2026.

What are the main vesting terms of Ayellet’s REE Automotive RSU awards?

Two RSU grants of 16,340 and 21,923 units vest in three equal installments on yearly anniversaries or related annual shareholder meetings. A separate 211,566-unit RSU grant vests in one installment on the first anniversary or the next annual shareholder meeting, whichever occurs earlier.

What stock options in REE Automotive shares does Ayellet report?

Ayellet reports fully vested options on 8,901 Class A Ordinary Shares with an exercise price of $11.234 per share, expiring in 2030. These options were granted before REE Automotive’s initial public offering and remain outstanding as of the reported date.

How many REE Automotive Class A Ordinary Shares does Ayellet hold directly?

The Form 3 lists direct ownership of 12,755 and 5,340 Class A Ordinary Shares by Ayellet. In addition, some securities are held through Zemah Schneider Holdings LP and RSUs are maintained by a trustee under REE Automotive’s 2021 Share Incentive Plan.

How are Ayellet’s REE Automotive RSUs administered under the company plan?

Ayellet’s RSUs are granted under REE Automotive’s 2021 Share Incentive Plan and the underlying Class A Ordinary Shares are deposited with a trustee approved by the Israeli Tax Authority, which holds these securities in trust on Ayellet’s behalf.