My Size Inc. Announces Reduction in Stock Option Exercise Prices and Accelerated Vesting for Former CFO
My Size Inc. announced a significant adjustment to its compensation plan on June 4, 2025. The company's Compensation Committee has reduced the exercise price of outstanding stock options for certain employees, officers, and directors. The exercise price for these options, which cover a total of 13,926 shares of common stock, has been lowered from a range of $3.832 to $8.72 per share to a uniform $1.28 per share, aligning with the closing price on the announcement day. This adjustment includes options held by key executives: Ronen Luzon, CEO and director, with 800 shares; Or Kles, former CFO, with 650 shares; and Billy Pardo, Chief Product Officer and COO, with 650 shares. Additionally, the vesting of 18,750 restricted shares for Or Kles has been accelerated, recognizing his dedicated service to the company, making them fully vested as of his termination on March 31, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. My Size Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014020), on June 06, 2025, and is solely responsible for the information contained therein.
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