REE Automotive (NASDAQ: REE) director reports 282,087 RSUs and share holdings
Rhea-AI Filing Summary
REE Automotive Ltd. director Abdessamad Hicham filed an initial ownership report showing a significant equity-based compensation grant and direct share holdings. He has been granted 282,087 Restricted Stock Units (RSUs) under the company’s 2021 Share Incentive Plan, each RSU representing one Class A Ordinary Share upon vesting.
The RSUs were granted on January 22, 2026 and vest in a single installment on the first anniversary of the grant date or at the annual meeting of shareholders immediately following that date, whichever occurs earlier. Vesting will be accelerated if there is a change of control of the company, as defined by the Board of Directors and Compensation Committee. The filing also reports direct holdings of Class A Ordinary Shares, including positions of 12,010 shares and 68,394 shares, providing a snapshot of the director’s current equity stake.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Footnotes (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, who holds such securities in trust on behalf of the Reporting Person. Each RSU represents the right to receive, following vesting, one share of the Company's Class A Ordinary Shares. On January 22, 2026, the Reporting Person was granted 282,087 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 of Directors and its Compensation Committee.