Way to go Kaki. Take a pay cut and gift yourself 334k free shares for all the hard pretend work you do. And gotta love the additional 334k warrants to go along with that. And you’re so deserving of those 1.5 million options the BOD compensation committee gifted you too. All that hard work getting this price down to all time lows deserves such bonuses. Well done sir!!!
All by design…all by design.
“On December 14, 2022, Yaky Yanay, the Company’s Chief Executive Officer, agreed to forgo, as of January 1, 2023, $375,000 of his annual cash salary for the next twelve months in return for equity grants, issuable under the Company’s existing equity compensation plans. In that regard, the Company intends to issue Mr. Yanay (i) 334,821 restricted stock units, vesting ratably each month and (ii) options to purchase 334,821 Common Shares, vesting ratably each month, with a term of 3 years, at an exercise price of $1.12 per share. In addition, the Board of Directors also agreed to issue Mr. Yanay options to purchase 1,500,000 Common Shares, with a term of 3 years, with the following terms: (i) options to purchase 500,000 Common Shares at an exercise price of $1.56 per share, 50% vesting on June 30, 2023 and 50% vesting on December 31, 2023, (ii) options to purchase 500,000 Common Shares at an exercise price of $2.08 per share, 50% vesting on June 30, 2023 and 50% vesting on December 31, 2023, and (iii) options to purchase 500,000 Common Shares at an exercise price of $2.60 per share, 50% vesting on June 30, 2023 and 50% vesting on December 31, 2023. All options are expected to be issued in January 2023 and shall be exercisable on the later of their vesting date or until the Company increases its authorized share capital.“
