ESOPJul 15, 2026, 04:07 PM
PolyPid Amends 2012 Share Option Plan; Reserves 5.01M Shares
AI Summary
PolyPid Ltd. has filed an Amended and Restated 2012 Share Option Plan, outlining the terms for granting stock options to its employees, officers, directors, consultants, and other service providers. The plan reserves a total of 5,012,403 shares for these options, which are intended to incentivize participants and align their interests with the company's success. The Board retains broad discretion over the administration of the plan, including determining grant terms, vesting schedules, and exercise prices, and has specific provisions for handling options during corporate events like mergers or upon termination of service.
Key Highlights
- Amended and Restated 2012 Share Option Plan for PolyPid Ltd.
- Total of 5,012,403 shares reserved for option grants.
- Options granted to employees, officers, directors, consultants, and service providers.
- Standard vesting schedule: 33% after 12 months, then 8.375% quarterly for 3 years.
- Options expire 10 years from the date of grant.
- Board has sole discretion over option terms, including vesting acceleration and exercise price.
- Options are non-transferable, but exercised shares are transferable with restrictions.
- Provisions for option treatment during merger transactions and upon termination of service.
Price Impact
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