2 unchanged sentences
Our common stock is quoted on the Nasdaq Capital Market under the symbol “DRIO”.
−Removed: Our warrants to purchase common stock are quoted on the Nasdaq Capital Market under the symbol “DRIOW”.
Record Holders
26 unchanged sentences
Equity compensation plans not approved by security holders (5)
+Added: Equity compensation plans not approved by security holders (6)
In March 2013, our Board adopted a non-employee director’s remuneration policy.
1 unchanged sentence
These options have an exercise price of $2,502.00 vest in 4 quarterly installments in arrears, have a cashless exercise feature and a ten-year term.
−Removed: (1) In January 2020, our Board approved the grant of non-plan options as a material inducement for employment, in accordance with Nasdaq Listing Rule 5635(c)(4), to our newly hired President and General Manager for North
+Added: (2) In January 2020, our Board approved the grant of non-plan options as a material inducement for employment, in accordance with Nasdaq Listing Rule 5635(c)(4), to our newly hired President and General Manager for North America.
The options have an exercise price of $8.41 per share.
6 unchanged sentences
22,500 options will commence vesting every calendar year for the next four years, commencing in 2021, and only if certain performance milestones were met in the immediately preceding year.
−Removed: 22,500 of these options have expired on each of January 1, 2021, January 1, 2022 and January 1, 2023 as the performance milestones were not met.
+Added: 22,500 of these options have expired on each of January 1, 2021, January 1, 2022, January 1, 2023 and January 1, 2024 as the performance milestones were not met.
(3) In March 2020, our Board approved the grant of certain non-plan options as a material inducement for employment, in accordance with Nasdaq Listing Rule 5635(c)(4), to our newly hired Chief Medical Officer.
4 unchanged sentences
these options have a cashless exercise feature and a ten-year term.
−Removed: (4) 119,905 restricted shares of common stock issued to employees of the company were forfeited, as they were not vested upon certain employee departures.
+Added: (5) In January 2023, our Board approved the grant of certain non-plan options as a material inducement for employment, in accordance with Nasdaq Listing Rule 5635(c)(4), to our newly hired Senior Vice President of Growth.
+Added: The options have an exercise price of $5.97 per share, 100,000 options are time based and vest over a three-year period.
+Added: One third vests after one year and the balance vests over eight quarterly installments after the first anniversary;
+Added: these options have a cashless exercise feature and a ten-year term.
+Added: An additional 100,000 options are performance based, and vest over a three-year period.
+Added: 50,000 performance options will vest upon achieving 2023 or 2024 revenue targets upon the release by the corporation of its annual consolidated financial statements according to GAAP, and 50,000 additional performance options will vest upon achieving 2024 revenue targets.
+Added: The entire 100,000 performance options will vest upon achieving 2024 revenue targets if the 2023 revenue target was not achieved.
+Added: (6) In April 2023, our Board approved the grant of certain non-plan options as a material inducement for employment, in accordance with Nasdaq Listing Rule 5635(c)(4), to our newly hired Chief Product Officer.
+Added: The options have an exercise price of $3.93 per share, 100,000 options are time based and vest over a three-ear period.
+Added: One third vests after one year and the balance vests over eight quarterly installments after the first anniversary;
+Added: these options have a cashless exercise feature and a ten-year term.
+Added: An additional 80,000 options are performance based, and vest upon achieving personal objective that were set up within sixty days from commencement of employment.
+Added: The performance-based options expired on January 1, 2024 as the performance milestones were not met.
+Added: (7) 143,946 restricted shares of common stock issued to certain of our employees were forfeited, as they were not vested upon certain employee departures.
On January 23, 2012, our Board of Directors and a majority of the holders of our then outstanding shares of our common stock adopted our 2012 Equity Incentive Plan (which includes both U.S.
4 unchanged sentences
On September 26, 2016 and November 30, 2016, respectively, our Board of Directors and stockholders approved an amendment to the 2012 Equity Incentive Plan increasing the number of shares of common stock available under the plan to 1,873,000 as well as amended the 2012 Equity Incentive Plan to permit grants of shares of common stock.
−Removed: On February 2, 2017 and March 9, 2017, respectively, our Board of Directors and stockholders approved an amendment to the 2012 Equity Incentive Plan increasing the number of shares of common stock available under the plan to 2,373,000.
+Added: On February 2, 2017 and March 9, 2017, respectively, our Board of Directors and stockholders approved
+Added: an amendment to the 2012 Equity Incentive Plan increasing the number of shares of common stock available under the plan to 2,373,000.
On October 9, 2017 and December 4, 2017, respectively, our Board of Directors and stockholders approved an amendment to the 2012 Equity Incentive Plan increasing the number of shares of common stock available under the plan to 3,873,000.
9 unchanged sentences
On January 1, 2023, the number of shares of common stock available under the plan increased to 5,862,860 according to the terms thereof.
−Removed: 3, 2023, there are 2,061,876 shares of Common Stock reserved for issuance thereunder.
+Added: On January 1, 2024, the number of shares of common stock available under the plan increased to 8,356,624 according to the terms thereof.
+Added: As of March 22, 2024, there were 1,004,832 shares of Common Stock reserved for issuance thereunder.
The Company’s officers and directors are among the persons eligible to receive awards under the 2020 Equity Incentive Plan in accordance with the terms and conditions thereunder.
23 unchanged sentences
During the fourth quarter of 2023, we issued an aggregate 30,167 shares of our common stock to certain of our service providers as compensation to them for services rendered.
−Removed: In addition, in November and December 2022, 6,345 of various classes of our Series A Preferred Stock automatically converted into 2,130,322 shares of Common Stock after completing 36-month anniversary of each the series A.
−Removed: The conversion was including accumulative dividends payable available upon conversion of each Series A Preferred Stock.
We claimed exemption from registration under the Securities Act of 1933, as amended, or the Securities Act, for the foregoing transactions under Section 4(a)(2) of the Securities Act.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.