Item 4 — Purpose of Transaction
Item 4 of the Schedule 13D is amended to add the following: In consideration for Mr. Yaacobi's services as a director, the Issuer made certain equity grants to Mr. Yaacobi on September 30, 2024 through a company wholly-owned by Mr. Yaacobi. These equity grants were as follows: (1) A total of 55,710 options to purchase Ordinary Shares of the Issuer (the "Options"), granted pursuant to the Issuer's 2021 Share Incentive Plan. The Options have an exercise price of U.S. $2.128 and vest over three years in equal quarterly installments of 4,643 Options each, beginning on December 30, 2024 (except that the final tranche to vest shall consist of 4,637 Options). The Options do not have voting rights, cannot be transferred and, prior to vesting, will terminate upon termination of service to the Issuer. (2) A total of 53,057 restricted stock units of the Issuer (the "RSUs"), granted pursuant to the Issuer's 2021 Share Incentive Plan. Upon vesting, Mr. Yaacobi will be issued one Ordinary Share for each RSU. The RSUs vest over three years in equal quarterly installments of 4,421 RSUs each, beginning on December 30, 2024 (except that the final tranche to vest shall consist of 4,426 RSUs). Prior to vesting, the RSUs cannot be transferred and will terminate upon termination of service to the Issuer. Pursuant to his existing management agreement with Value Base, Mr. Yaacobi will assign to Value Base all Ordinary Shares received following the exercise of the Options or the vesting of the RSUs, which will be allocated to VBF LP and VBFI LP pro rata in relation to their holdings.