REE Automotive (REE) officer details RSU grants and share holdings

Rhea-AI Filing Summary

REE Automotive Ltd. filed an initial statement of beneficial ownership for officer Avital Futterman, detailing existing equity interests rather than new market trades. Futterman directly holds 72,373 Class A Ordinary Shares, along with several grants of Restricted Stock Units (RSUs) that convert into Class A shares at an exercise price of $0.0000 per share.

The RSUs are held in trust by a trustee approved by the Israeli Tax Authority on Futterman’s behalf under the company’s 2021 Share Incentive Plan. One RSU grant vests 33.33% on the first anniversary of the May 22, 2023 grant date and 8.33% quarterly over the following two years, while other grants vest 8.33% quarterly over three years from their respective grant dates in September 2024 and February 2026. The February 2026 grant provides for accelerated vesting upon a change of control, including a Merger/Sale event as defined in the plan.

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^*

Futterman Avital

(Last) (First) (Middle)

C/O REE AUTOMOTIVE LTD

KIBBUTZ GLIL-YAM

(Street)

KIBBUTZ GLIL-YAM 4690500

(City) (State) (Zip)

UNITED STATES

(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)

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

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	72,373	D(1)

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	(3)	(3)	Class A Ordinary Shares(2)	972	(3)	D(1)
Restricted Stock Units	(4)	(4)	Class A Ordinary Shares(2)	68,859	(4)	D(1)
Restricted Stock Units	(5)	(5)	Class A Ordinary Shares(2)	180,000	(5)	D(1)

Explanation of Responses:

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, who holds such securities in trust on behalf of the Reporting Person.

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

3. 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 May 22, 2023), 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.

4. 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 September 15, 2024), in accordance with the applicable terms of the RSU.

5. 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.

Remarks:

General Counsel & Corporate Secretary

	/s/ Avital Futterman	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 Avital Futterman’s Form 3 for REE Automotive (REE) show?

The Form 3 reports Avital Futterman’s existing equity interests in REE Automotive, including 72,373 Class A Ordinary Shares and multiple grants of Restricted Stock Units under the 2021 Share Incentive Plan, with defined vesting schedules and no reported open‑market purchases or sales.

How many REE Automotive Class A shares does Avital Futterman hold directly?

Avital Futterman directly holds 72,373 Class A Ordinary Shares of REE Automotive. This position is separate from the Restricted Stock Units, which represent additional rights to receive Class A shares in the future as specific vesting conditions under the incentive plan are met.

How do the REE Automotive RSUs reported for Avital Futterman vest?

One RSU grant vests 33.33% on the first anniversary of the May 22, 2023 grant date, then 8.33% quarterly over two years. Other RSU grants vest 8.33% quarterly over three years from their September 15, 2024 and February 18, 2026 grant dates, subject to plan terms.

What happens to Avital Futterman’s February 2026 RSUs if REE Automotive changes control?

The RSUs granted February 18, 2026 include accelerated vesting upon a change of control of REE Automotive. This includes a Merger/Sale event, as that term is defined in the company’s 2021 Share Incentive Plan, allowing faster realization of the underlying Class A Ordinary Shares.

How are Avital Futterman’s REE Automotive RSUs and shares held?

The RSUs and their 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 Avital Futterman, as required under the structure of REE Automotive’s 2021 Share Incentive Plan.