v3.26.1
EQUITY AND SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation arrangements by share-based payment award
Grant Date
Grantee
Number of options
Exercise price
Vesting period
Fair value at the grant date
Condition
January 1, 2026
Directors
167,525
$1.94
(1)
$227 thousand
-
May 7, 2026
Employees
612,000
$1.37
(2)
$612 thousand
-
Executive Officers
1,020,000
$1.37
(2) (6)
-
(3),(4)
Service providers
640,000
$1.37
(2)
-
(3)
Directors
83,367
$1.37
(2) (6)
-
(3), (5)
86,419
$1.37
(1) (6)
-
(3), (5)
40,000
$1.37
Immediate
-
(3), (5)
 
  (1)
Quarterly over a period of one year
  (2)
33.33% vest on the first anniversary of the date of grant and the remaining 66.67% of the options vest in eight equal quarterly installments following the first anniversary of the grant date.
  (3)
The option grants are subject to the filing of a Form S-8 registration statement registering the ordinary shares underlying such options.
  (4)
500,000 options grant was subject to the approval of the Company’s shareholders which was obtained on July 14, 2026.
  (5)
The grant was subject to the approval of the Company’s shareholders which was obtained on July 14, 2026.
  (6)
In the event of the consummation of a Change in Control (as defined in the 2018 Plan) in which the Optionee continues to provide services to the Company on the date of consummation of such Change in Control, then 100% of any unvested Options at the time of consummation of such Change in Control shall become fully vested and exercisable.
 
  b)
On May 7, 2026, the board of directors approved the grant of 734,428 RSUs to executive officers and service providers, of which grant 420,559 RSUs were subject to shareholder approval, which was obtained at a meeting of the Company’s shareholders held on July 14, 2026. The RSUs vest in four equal quarterly installments over a one-year period that started on May 1, 2026. The fair value of the RSUs at the date of grant was $1,006 thousand.
Schedule of fair value assumptions of option granted using Black-Scholes option-pricing model
   
Six months
ended June 30, 2026
 
Exercise price
 
 
$1.37-$1.94
 
Dividend yield
   
-
 
Expected volatility 
   
84.2%-84.8%
 
Risk-free interest rate 
   
3.74%-4.13%
 
Expected life - in years 
   
5.3-5.87