REE Automotive (REE) CFO reports RSU and share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
REE Automotive Ltd. Chief Financial Officer Aviv Hai filed an initial ownership report detailing his equity interests in the company. He holds 83,691 Class A Ordinary Shares directly, plus restricted stock units (RSUs) that can convert into additional shares.
One RSU award covers 117,170 underlying Class A Ordinary Shares and was granted on November 15, 2024, vesting 33.33% on the first anniversary and 8.33% quarterly over the following two years, unless forfeited. A second RSU award covers 180,000 underlying Class A Ordinary Shares, granted on February 18, 2026, vesting 8.33% quarterly over three years and subject to accelerated vesting upon a change of control, including a Merger/Sale event as defined in the company’s 2021 Share Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Aviv Hai
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 117,170 shares (Direct);
Class A Ordinary Shares — 83,691 shares (Direct)
Footnotes (1)
- Restricted Share Units ("RSUs") granted under REE Automotive Ltd.'s (the "Company") 2021 Share Incentive Plan ("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. Each RSU represents the right to receive, following vesting, one share of the Company's Class A Ordinary Shares. Unless earlier forfeited under the terms of the RSU, such RSUs will vest as follows: (a) 33.33% of the RSUs shall vest on the first year anniversary of the date of grant (which date of grant was November 15, 2024), and (b) subsequent to such first year anniversary, 8.33% of the RSUs shall vest on a quarterly basis over the course of a two year period, in accordance with the applicable terms of the RSU. Unless earlier forfeited under the terms of the RSU, 8.33% of the RSUs shall vest on a quarterly basis over the course of a three-year period from the date of grant (which date of grant was February 18, 2026), in accordance with the applicable terms of the RSU. The vesting of such RSUs shall be accelerated upon a change of control of the Company, which includes a "Merger/Sale" event, as such term is defined in the Plan.
FAQ
What insider ownership did REE (REE) CFO Aviv Hai report on this Form 3?
Aviv Hai reported direct ownership of 83,691 Class A Ordinary Shares in REE Automotive Ltd. He also disclosed two RSU awards that can convert into additional Class A Ordinary Shares upon future vesting, increasing his potential equity exposure over time.
How do Aviv Hai’s REE (REE) restricted stock units vest over time?
One RSU grant of 117,170 underlying shares vests 33.33% on November 15, 2025, then 8.33% quarterly for two years. A second grant of 180,000 underlying shares vests 8.33% quarterly over three years from February 18, 2026, if not forfeited.
What happens to Aviv Hai’s REE (REE) RSUs if there is a change of control?
For the RSUs granted February 18, 2026, vesting is accelerated upon a change of control of REE Automotive Ltd., including a Merger/Sale event. This means unvested units can vest earlier if such a corporate transaction occurs, as defined in the 2021 Share Incentive Plan.
What is the exercise or conversion price of Aviv Hai’s REE (REE) RSUs?
The RSUs disclosed by Aviv Hai have a stated exercise price of 0.0000. Each RSU represents the right to receive one Class A Ordinary Share of REE Automotive Ltd. following vesting, making them effectively cost-free to convert when vesting conditions are satisfied.
Are Aviv Hai’s REE (REE) RSUs held directly or through a trustee structure?
The RSUs and underlying Class A Ordinary Shares are deposited with a trustee approved by the Israeli Tax Authority. This trustee holds the securities in trust on behalf of Aviv Hai, consistent with REE Automotive Ltd.’s 2021 Share Incentive Plan arrangements for such awards.