Form 4: ReWalk Robotics Executive Sells Shares to Cover Tax Obligations

Jeannine Lynch, VP of Market Access & Strategy at ReWalk Robotics, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Jeannine Lynch, VP of Market Access & Strategy at ReWalk Robotics Ltd., sold 1,625 ordinary shares on September 3, 2024.
• The shares were sold at a weighted average price of $3.2974 per share, with individual prices ranging from $3.23 to $3.35.
• The sale was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs) on August 31, 2024.
• The RSUs were granted on August 31, 2021, under the ReWalk 2014 Equity Incentive Plan.
• The sale was executed through an automatic sell-to-cover arrangement mandated by the terms of the RSU grant agreement and does not represent a discretionary trade by the Reporting Person.
• Following the transaction, Jeannine Lynch beneficially owns 47,658 ordinary shares indirectly through an ESOP.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sale of shares to cover taxes) and doesn't inherently indicate positive or negative sentiment. It's a neutral event in the context of executive compensation.

Industry Context

Executive share sales to cover tax obligations are a common practice and do not necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates