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| | | Name | | Age | | Director Since | | Current Term Expires | | Independent | | Audit Committee | | Compensation Committee | | Nominating and Corporate Governance Committee | | Risk Committee | | Name | | | | Age | | | | Director Since | | | | Current Term Expires | | | | Independent | | | | Audit Committee | | | | Compensation Committee | | | | Nominating and Corporate Governance Committee | | | | Risk Committee | | |||||||||
| Nominees | | Nominees | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Avi Zeevi* | | 71 | | 2008 | | 2022 | | x | | x | | | | | | x | | John Caplan | | | | 53 | | | | 2022 | | | | 2023 | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | | Scott H. Galit | | 51 | | 2010 | | 2022 | | | | | | | | | | x | | Amir Goldman | | | | 51 | | | | 2014 | | | | 2023 | | | | x | | | | | | | | x | | | | x | | | | | | |||||||||
| Continuing Directors | | Susanna Morgan* | | | | 53 | | | | — | | | | — | | | | x | | | | x | | | | | | | | | | | | x | | |||||||||||||||||||||||||||
| | | Rich Williams | | 47 | | 2021 | | 2023 | | x | | x | | | | | | x | | Rich Williams | | | | 48 | | | | 2021 | | | | 2023 | | | | x | | | | x | | | | | | | | | | | | x | | |||||||||
| | | John C. (Hans) Morris | | 63 | | 2014 | | 2023 | | x | | x | | | | | | x | | Continuing Directors | | |||||||||||||||||||||||||||||||||||||||||
| | | Amir Goldman | | 50 | | 2014 | | 2023 | | x | | | | x | | x | | | | Sharda Caro del Castillo | | | | 52 | | | | 2023 | | | | 2024 | | | | x | | | | | | | x | | | | | | | | x | | ||||||||||
| | | Heather Tookes | | 47 | | 2021 | | 2024 | | x | | x | | x | | | | | | Scott Galit | | | | 52 | | | | 2010 | | | | 2025 | | | | | | | | | | | | | | | | | | | | x | | |||||||||
| | | Christopher (Woody) Marshall | | 53 | | 2017 | | 2024 | | x | | | | x | | x | | | | Christopher (Woody) Marshall | | | | 54 | | | | 2017 | | | | 2024 | | | | x | | | | | | | | x | | | | x | | | | | | |||||||||
| | | Pamela H. Patsley | | 64 | | 2021 | | 2024 | | x | | x | | | | x | | | | Pamela H. Patsley | | | | 65 | | | | 2021 | | | | 2024 | | | | x | | | | x | | | | | | | | x | | | | | | |||||||||
| Avi Zeevi** | | | | 72 | | | | 2008 | | | | 2025 | | | | x | | | | x | | | | | | | | | | | x | |
| Board Diversity Matrix (as of February 24, 2022) | | Board Diversity Matrix (as of March 31, 2023) | | ||||||||||||||
| Total Number of Directors: | | 8 | | Total Number of Directors: | | | | 9 | | ||||||||
| | | | Female | | Male | | | | | | Female | | | | Male | | |
| Directors | | 2 | | 6 | | Directors | | | | 2 | | | | 7 | | ||
| Number of Directors who Identify in Any of the Categories Below: | | | | | | Number of Directors who identify in Any of the Categories Below: | | ||||||||||
| African American or Black | | 1 | | 0 | | Asian | | | | 1 | | | | 0 | | ||
| White | | 1 | | 6 | | White | | | | 1 | | | | 7 | |
| 2 | | | | | | 2023 Proxy Statement | |
| Age: 53 Director Since: 2022 | | | Mr. | |
|
Amir Goldman Age: 51 Director Since: 2014 | | | Mr. Goldman has served as a director of Payoneer since 2014. Since 2006, he has served as the founder and Managing Director of Susquehanna Growth Equity, a private equity firm focused on investing in growing companies in the software and payments sectors. From 2002 to 2006, he was a Principal at TL Ventures, a venture capital firm and he previously served as Principal at BRM Capital, a venture capital firm focused on internet infrastructure and software companies between 1999 and 2002. Mr. Goldman has served on the boards of multiple private companies, including iCIMS, HighRadius, HMP Global, CashEdge (acquired by Fiserv), and Macropoint (acquired by Descartes). Mr. Goldman has a Master of Business Administration from Harvard Business School and a Bachelor of Science in Economics from the Wharton School at | | |
| Age: 53 New Director | | | Ms. | |
| | | | 2023 Proxy Statement | | | 3 | |
| Rich Williams Age: 48 Director Since: 2021 | | | Mr. Williams has served as a director of Payoneer since June 2021. | |
| 4 | | | | | | 2023 Proxy Statement | |
| Sharda Caro del Castillo Age: 52 Director Since: 2023 | | | Ms. Caro del Castillo has served as a director of Payoneer since March 2023. Prior to her appointment, Ms. Caro del Castillo served as Chief Legal Officer, Chief Compliance Officer and | |
| Scott Galit Age: 52 Director Since: 2010 | | | Mr. Galit has served as a director of Payoneer since 2010. He was also CEO and later Co-CEO of Payoneer until March 2023, when he transitioned to serving as a Senior Advisor. Prior to joining Payoneer, Mr. Galit was President of i2c. Before joining i2c in 2010, he was the Executive Vice President at Meta Payments Systems and on the Executive Committee of MetaBank, an OTS-regulated financial institution. From 2005 to 2007 he was the Global Head of Prepaid for Mastercard, where he developed Mastercard’s global prepaid strategy and oversaw its global prepaid business. Mr. Galit was the founder and CEO of Solspark from 1999 to 2002, Senior Vice President/General Manager at Concord EFS from 2002 to 2003 (after Solspark was sold to Concord EFS), and Senior Vice President/General Manager of First Data from 2003 to 2004 (after Concord EFS was sold to First Data). Earlier in his career he was an investment banker at Donaldson, Lufkin & Jenrette. Mr. Galit was also a founding board member of the Network Branded Prepaid Card Association (NPBCA). Mr. Galit has a Bachelor of Arts with distinction from the honors program at the University of Virginia. We believe that Mr. Galit’s experience in executive leadership positions in the payment industry makes him qualified to serve as a director. | |
| Christopher (Woody) Marshall Age: 54 Director Since: 2017 | | | Mr. Marshall has served as a director of Payoneer since 2017. In addition to his role on Payoneer’s | |
| | | | | | | |
| Pamela H. Patsley Age: 65 Director Since: 2021 | | | Ms. Patsley has served as a director of Payoneer since September 2021. From 2016 to 2018, Ms. Patsley served as Executive Chair of MoneyGram International, Inc. (NASDAQ: MGI), the global remittance Company, and was its Chair and Chief Executive Officer from 2009 to 2015. Ms. Patsley | |
| Avi Zeevi Age: 72 Director Since: 2008 | | | Mr. Zeevi has served as a director and Chair of the Board of Directors of Payoneer since 2008. Mr. Zeevi is a FinTech entrepreneur and investor. He is Co-founder of the Viola group — a private equity investment group with over $4B of assets under management, and co-founder and General Partner of Viola Ventures, a venture capital firm. Mr. Zeevi is also a co-founder and the Chairman of the investment committee of Viola FinTech. Mr. Zeevi has been with Viola since it was founded in 2000 and has more than 40 years of experience as an entrepreneur, executive and investor. Mr. Zeevi has experience in the global financial industry through his involvement in several FinTech companies including: MINT Systems, Decalog and Actimize, where he served as an active Chairman from 2001 and until it was sold to NICE Systems (NASDAQ: NICE), and Pagaya (NASDAQ: PGY), where he serves as the Chairman of its board of | |
| | | | | | | |
| | | | 2023 Proxy Statement | | | 7 | |
| 8 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 9 | |
| 10 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 11 | |
| 12 | | | | | | | |
| | | | | | | 13 | |
| 14 | | | | | | | |
| | | | | | | 15 | |
| | | Fiscal Year Ended December 31, | | | | | | Fiscal Year Ended December 31, | | ||||||||||||||||||||
| Description of Services Provided by PwC | | 2021 | | 2020 | | Description of Services Provided by PwC | | | | 2022 | | | | 2021 | | ||||||||||||||
| Audit Fees(1) | | | $ | 1,105,195 | | | | $ | 1,052,799 | | | Audit Fees(1) | | | | | $ | 1,671,319 | | | | | | $ | 1,105,195 | | | ||
| Audit Related Fees(2) | | | $ | 562,000 | | | | $ | 12,030 | | | Audit Related Fees(2) | | | | | $ | 112,000 | | | | | | $ | 562,000 | | | ||
| Tax Fees | | | $ | 102,646 | | | | $ | 103,150 | | | Tax Fees | | | | | $ | 166,414 | | | | | | $ | 102,646 | | | ||
| All Other Fees | | | $ | 2,060 | | | | $ | 2,961 | | | All Other Fees | | | | | $ | 2,100 | | | | | | $ | 2,060 | | | ||
| TOTAL | | | $ | 1,771,901 | | | | $ | 1,170,941 | | | TOTAL | | | | | $ | 1,951,833 | | | | | | $ | 1,771,901 | | |
| 16 | | | | | | | |
| | | | 2023 Proxy Statement | | | 17 | |
| | | | Shares Beneficially Owned | | |||||||||
| Name of Beneficial Owner | | | Shares | | | Percentage | | ||||||
| 5% and Greater Stockholders: | | | | | | | | | | | | | |
| Affiliates of FTAC(1) | | | | | 19,639,985 | | | | | | 5.77% | | |
| Certain funds and accounts of Susquehanna Growth Equity(2) | | | | | 34,089,218 | | | | | | 9.91% | | |
| Certain funds and accounts of TCV(3) | | | | | 46,585,994 | | | | | | 13.49% | | |
| Certain funds and accounts of Temasek(4) | | | | | 22,615,415 | | | | | | 6.60% | | |
| Viola Ventures III, L.P.(5) | | | | | 25,223,122 | | | | | | 7.35% | | |
| Certain funds and accounts of Wellington Management(6) | | | | | 35,027,388 | | | | | | 10.22% | | |
| T. Rowe Price Associates, Inc.(7) | | | | | 19,727,660 | | | | | | 5.80% | | |
| Current Named Executive Officers and Directors: | | | | | | | | | | | | | |
| Scott Galit†(8) | | | | | 9,812,216 | | | | | | 2.82% | | |
| Arnon Kraft | | | | | 20,000 | | | | | | * | | |
| Robert Clarkson | | | | | — | | | | | | * | | |
| Avi Zeevi(5) | | | | | — | | | | | | — | | |
| Amir Goldman(2) | | | | | — | | | | | | — | | |
| Christopher (Woody) Marshall(3) | | | | | — | | | | | | — | | |
| John C. (Hans) Morris(9) | | | | | 5,035,439 | | | | | | 1.47% | | |
| Heather Tookes | | | | | 16,018 | | | | | | * | | |
| Rich Williams | | | | | 38,134 | | | | | | * | | |
| Pamela H. Patsley | | | | | 28,600 | | | | | | * | | |
| All current executive officers and directors as a group (15 persons) | | | | | 23,117,182 | | | | | | 6.48% | | |
| 18 | | | | | | 2023 Proxy Statement | |
| | | | | Shares Beneficially Owned | | ||||||||||
| Name of Beneficial Owner | | | | Shares | | | | Percentage | | ||||||
| 5% and Greater Stockholders: | | | | | | | | | | | | | | | |
| Certain funds and accounts of Susquehanna Growth Equity(1) | | | | | | 30,571,953 | | | | | | | 8.50% | | |
| Certain funds and accounts of TCV(2) | | | | | | 46,585,994 | | | | | | | 12.89% | | |
| Certain funds and accounts of Temasek(3) | | | | | | 22,615,415 | | | | | | | 6.35% | | |
| Certain funds and accounts of T. Rowe(4) | | | | | | 20,536,348 | | | | | | | 5.76% | | |
| Certain funds and accounts of Blackrock(5) | | | | | | 32,813,092 | | | | | | | 9.21% | | |
| Certain funds and accounts of Vanguard(6) | | | | | | 26,873,019 | | | | | | | 7.54% | | |
| Current Named Executive Officers, Directors and Nominees: | | | | | | | | | | | | | | | |
| Scott Galit†(7) | | | | | | 10,446,359 | | | | | | | 2.86% | | |
| John Caplan | | | | | | — | | | | | | | — | | |
| Michael Levine† | | | | | | 3,408,307 | | | | | | | * | | |
| Assaf Ronen | | | | | | — | | | | | | | — | | |
| Arnon Kraft | | | | | | 150,779 | | | | | | | * | | |
| Tsafi Goldman† | | | | | | 808,907 | | | | | | | * | | |
| Avi Zeevi | | | | | | 862,691 | | | | | | | * | | |
| Amir Goldman(8) | | | | | | 2,008,352 | | | | | | | * | | |
| Christopher (Woody) Marshall(2) | | | | | | — | | | | | | | — | | |
| John C. (Hans) Morris(9) | | | | | | 1,518,146 | | | | | | | * | | |
| Rich Williams | | | | | | 76,268 | | | | | | | * | | |
| Pamela H. Patsley | | | | | | 71,761 | | | | | | | * | | |
| Sharda Caro del Castillo | | | | | | — | | | | | | | — | | |
| Susanna Morgan | | | | | | — | | | | | | | — | | |
| All current executive officers and directors as a group (14 persons) | | | | | | 19,117,720 | | | | | | | 5.57% | | |
| | | | 2023 Proxy Statement | | | 19 | |
| Name | | | | Age | | | | Position | |
| | | 53 | | | | Chief Executive Officer and Director | | ||
| | | 50 | | | | Chief Financial Officer | | ||
| Keren Levy | | | 49 | | | | President | | |
| Arnon Kraft | | | 49 | | | | Chief Operating Officer | | |
| | | | 57 | | |||||
| | Chief Legal & Regulatory Officer and Corporate Secretary | | |||||||
| | | 49 | | | | Chief | |||
|
| 20 | | | | | | 2023 Proxy Statement | |
| | | | | | | 21 | |
| 22 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 23 | |
| Element | | | | Objectives | | | | Key Features | |
| Base Salary | | | | • Provides stable income for performing job responsibilities. • Attracts highly-qualified executives | | | | • Set when the executive is initially employed (or promoted) and then generally reviewed annually and determined by the Compensation Committee based on a number of factors (including company and individual performance) and by reference, in part, to market data obtained from an independent compensation consultant. | |
| Annual Bonus | | | | • Motivates and rewards for contributing to our key business objectives. • Aligns management and stockholder interests by linking pay to performance through key financial metrics of the company. | | | | • Target annual bonus is set for each NEO when the executive is initially employed (or promoted) and then generally reviewed annually and determined by the Compensation Committee based upon positions that have similar impact on the organization and competitive annual bonus opportunities in our market. • Bonus opportunities are largely dependent upon achievement of specific corporate performance objectives consistent with our long-term strategic plan and some discretionary considerations, generally determined by the Compensation Committee. | |
| 24 | | | | | | 2023 Proxy Statement | |
| Element | | | | Objectives | | | | Key Features | |
| Long-Term Incentive Equity | | | | • Motivates and rewards long-term company performance. • Aligns management and stockholder interests by linking pay to the performance of our stock. • Attracts highly-qualified executives and encourages their continued employment over the long-term through extended vesting terms. | | | | • Newly hired executive officers are generally eligible to receive an equity grant in connection with the hiring. • Annual equity opportunities are generally reviewed annually and granted during the first quarter of the year. • Individual equity awards are determined based on a number of factors, including then current corporate and individual performance and market data obtained from an external compensation consultant. | |
| What We do | | | | What We Don’t Do | |
| ☑ Pay-for-Performance Philosophy. We align pay and performance by awarding a substantial portion of the compensation paid to our executives in the form of variable, “at-risk” performance-based compensation linked to achievement of rigorous performance goals. ☑ Balanced Short-Term and Long-Term Compensation. We grant compensation that discourages short-term risk taking at the expense of long-term results. ☑ Maintain an Independent Compensation Committee. Our Compensation Committee is comprised solely of independent directors with extensive industry experience and engages an independent compensation consulting firm to assist with compensation benchmarking. ☑ Conduct Annual Compensation Review. The Compensation Committee conducts a review at least annually of our executive compensation philosophy and strategy, including a review of the compensation peer group used for benchmarking purposes and a resulting annual compensation market assessment from its independent advisor. | | | | ☒ No Special Executive Retirement Plans. We do not offer pension arrangements or retirement plans or arrangements with our NEOs that are different from or in addition to those offered to our other employees. ☒ No Excise Tax “Gross-Ups”. We do not provide any “gross-ups” for excise taxes that our employees might owe as a result of the application of Sections 280G or 4999 of the IRC. ☒ No Excessive Perks. We do not provide any excessive perquisites to our NEOs. ☒ Do Not Permit Hedging or Pledging. We prohibit directors and employees, including our NEOs, from hedging or pledging Payoneer securities. | |
| | | | 2023 Proxy Statement | | | 25 | |
| 26 | | | | | | 2023 Proxy Statement | |
| AppFolio | | | Enova International | | | Model N | | | Q2 Holdings | | | Zuora | |
| Bill.com Holdings | | | EVERTEC | | | nCino | | | Repay Holdings | | | | |
| BlackLine | | | EVO Payments | | | Open Lending | | | Shift4 Payments | | | | |
| Bottomline Technologies | | | LendingClub | | | Paya Holdings | | | SPS Commerce | | | | |
| Ebix | | | Marqeta | | | Preesia | | | Upstart Holdings | | | | |
| Name and Principal Position | | | Year | | | Salary ($)(1) | | | Bonus ($)(2) | | | Stock Awards ($)(3) | | | Option Awards ($)(4) | | | All Other Compensation ($)(5) | | | Total ($) | | |||||||||||||||||||||
| Scott Galit, Chief Executive Officer and Director | | | | | 2021 | | | | | | 421,570 | | | | | | 450,000 | | | | | | 3,278,465 | | | | | | 992,255 | | | | | | 16,020 | | | | | | 5,158,309 | | |
| | | 2020 | | | | | | 375,000 | | | | | | 370,000 | | | | | | 1,478,131 | | | | | | 433,152 | | | | | | 11,400 | | | | | | 2,667,683 | | | |||
| Robert Clarkson, Chief Revenue Officer | | | | | 2021 | | | | | | 167,902 | | | | | | 165,479 | | | | | | 10,121,578 | | | | | | — | | | | | | 4,049 | | | | | | 10,459,009 | | |
| | | 2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||
| Arnon Kraft, Chief Operating Officer | | | | | 2021 | | | | | | 226,477 | | | | | | 207,120 | | | | | | 3,309,042 | | | | | | — | | | | | | 12,226 | | | | | | 3,754,864 | | |
| | | 2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | 2023 Proxy Statement | | | 27 | |
| Named Executive Officer | | | | 2021 Base Salary(1) | | | | 2022 Base Salary(1) | | ||||||
| Scott Galit | | | | | $ | 450,000 | | | | | | $ | 475,000 | | |
| John Caplan | | | | | | N/A | | | | | | $ | 475,000 | | |
| Michael Levine | | | | | $ | 380,000(2) | | | | | | $ | 400,000 | | |
| Arnon Kraft | | | | | $ | 296,640 | | | | | | $ | 299,109 | | |
| Assaf Ronen | | | | | | N/A | | | | | | $ | 450,000 | | |
| Tsafi Goldman | | | | | $ | 360,000(3) | | | | | | $ | 360,000 | | |
| Named Executive Officer | | | | 2022 Target Bonus Opportunity (% of Base Salary) | | | | 2022 Target Bonus Opportunity ($ Value) | | | | 2022 Actual Bonus Earned | | |||||||||
| Scott Galit | | | | | | 100% | | | | | | $ | 475,000 | | | | | | $ | 475,000 | | |
| John Caplan | | | | | | 100% | | | | | | $ | 475,000 | | | | | | $ | 302,000(1) | | |
| Michael Levine | | | | | | 65% | | | | | | $ | 260,000 | | | | | | $ | 260,000 | | |
| Arnon Kraft | | | | | | 75% | | | | | | $ | 206,107(2) | | | | | | $ | 335,878(2)(3) | | |
| Assaf Ronen | | | | None for 2022 | | | | None for 2022 | | | | None for 2022 | | |||||||||
| Tsafi Goldman | | | | | | 50% | | | | | | $ | 180,000 | | | | | | $ | 400,000(3) | | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | Funding Thresholds (% of Weight) | | ||||||||
| 2022 Goals | | | | Target ($ in MMs) | | | | Actual | | | | % Achieved | | | | Weight | | | | Minimum | | | | Target | | | | Maximum | |
| Revenue | | | | $595 | | | | $627 | | | | 105% | | | | 50% | | | | 50% | | | | 100% | | | | 120% | |
| Adjusted EBITDA | | | | $0 | | | | $47 – $52 | | | | 120% | | | | 25% | | | | 0% < – $5mm | | | | 100% $0 – $5mm | | | | 120% >$5mm | |
| Discretionary | | | | n/a | | | | n/a | | | | 95% | | | | 25% | | | | n/a | | | | n/a | | | | n/a | |
| Total | | | | | | | | | | | | 106.3% | | | | | | | | | | | | | | | | | |
| | | | 2023 Proxy Statement | | | 29 | |
| 30 | | | | | | 2023 Proxy Statement | |
| Named Executive Officer | | | | Time-Based RSUs | | | | Performance- Based RSUs | | | | Stock Options | | | | Aggregate Grant Date Fair Value ($)(1) | | ||||||||||||
| Scott Galit | | | | | | 460,000 | | | | | | | 0 | | | | | | | 0 | | | | | | $ | 2,097,600 | | |
| John Caplan | | | | | | 2,000,000 | | | | | | | 2,500,000 | | | | | | | 500,000 | | | | | | $ | 14,535,303 | | |
| Michael Levine | | | | | | 275,000 | | | | | | | 0 | | | | | | | 0 | | | | | | $ | 1,215,500 | | |
| Arnon Kraft | | | | | | 275,000 | | | | | | | 0 | | | | | | | 0 | | | | | | $ | 1,215,500 | | |
| Assaf Ronen | | | | | | 2,250,000 | | | | | | | 600,000 | | | | | | | 0 | | | | | | $ | 20,695,936 | | |
| Tsafi Goldman | | | | | | 200,000 | | | | | | | 0 | | | | | | | 0 | | | | | | $ | 884,000 | | |
| | | | 2023 Proxy Statement | | | 31 | |
| 32 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 33 | |
| 34 | | | | | | 2023 Proxy Statement | |
| Name and Principal Position(1) | | | | Year | | | | Salary | | | | Bonus | | | | Stock Awards | | | | Option Awards | | | | All Other Compensation | | | | Total | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | ($)(1) | | | | ($)(2) | | | | ($)(3) | | | | ($)(4) | | | | ($)(5) | | | | ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Scott Galit Former Co-Chief Executive Officer and current Senior Advisor and Director | | | | | | 2022 | | | | | | | 475,000 | | | | | | | 475,000 | | | | | | | 2,097,600 | | | | | | | — | | | | | | | 12,200 | | | | | | | 3,059,800 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | | | 421,570 | | | | | | | 450,000 | | | | | | | 3,278,465 | | | | | | | 992,255 | | | | | | | 16,020 | | | | | | | 5,158,309 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | | | 375,000 | | | | | | | 370,000 | | | | | | | 1,478,131 | | | | | | | 433,152 | | | | | | | 11,400 | | | | | | | 2,667,683 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| John Caplan Former Co-Chief Executive Officer and current Chief Executive Officer and Director | | | | | | 2022 | | | | | | | 286,217 | | | | | | | 302,000 | | | | | | | 13,409,396 | | | | | | | 1,125,907 | | | | | | | — | | | | | | | 15,123,520 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Michael Levine Former Chief Financial Officer | | | | | | 2022 | | | | | | | 400,000 | | | | | | | 260,000 | | | | | | | 1,215,500 | | | | | | | — | | | | | | | 12,200 | | | | | | | 1,887,700 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | | | 351,321 | | | | | | | 247,000 | | | | | | | 1,311,270 | | | | | | | 350,620 | | | | | | | 11,600 | | | | | | | 2,271,811 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | | | 310,000 | | | | | | | 223,106 | | | | | | | 615,888 | | | | | | | 180,480 | | | | | | | 11,400 | | | | | | | 1,340,874 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Arnon Kraft
| | | 2021 |
| Assaf Ronen | | | | | 2022 |
| Tsafi Goldman | | | | | 2022 | | | | | | | 360,000 | | | | | | | 400,000 | | | | | | | 884,000 | | | | | | | — | | | | | | | 12,200 | | | | | | | 1,656,200 | | | |
| | | | | 35 | |
| | | | | | | | | | | | Estimated Future Payouts Under Equity Incentive Plan Awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||
| Name | | | | Grant Date | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(3) | | | | All Other Option Awards: Number of Securities Underlying Options | | | | Exercise or Base Price of Option Awards ($/Sh) | | | | Grant Date Fair Value of Stock and Option Awards(4) | | ||||||||||||||||||||||||
| (a) | | | | (b) | | | | (f) | | | | (g) | | | | (h) | | | | (i) | | | | (j) | | | | (k) | | | | (l) | | ||||||||||||||||||||||||
| Scott Galit | | | | | | 3/1/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 460,000 | | | | | | | — | | | | | | | — | | | | | | $ | 2,097,600 | | |
| John Caplan | | | | | | 7/1/2022 | | | | | | | 500,000(1) | | | | | | | 1,500,000(1) | | | | | | | 2,500,000(1) | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 5,449,396 | | |
| | | 7/1/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 500,000 | | | | | | $ | 3.98 | | | | | | $ | 1,125,907 | | | ||||
| | | 7/1/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,000,000 | | | | | | | — | | | | | | | — | | | | | | $ | 7,960,000 | | | ||||
| Michael Levine | | | | | | 2/22/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 275,000 | | | | | | | — | | | | | | | — | | | | | | $ | 1,215,500 | | |
| Arnon Kraft | | | | | | 2/22/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 275,000 | | | | | | | — | | | | | | | — | | | | | | $ | 1,215,500 | | |
| Assaf Ronen | | | | | | 10/25/2022 | | | | | | | 300,000(2) | | | | | | | — | | | | | | | 600,000(2) | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 3,010,936 | | |
| | | 10/25/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,250,000 | | | | | | | — | | | | | | | — | | | | | | $ | 17,685,000 | | | ||||
| Tsafi Goldman | | | | | | 2/22/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 200,000 | | | | | | | — | | | | | | | — | | | | | | $ | 884,000 | | |
| 36 | | | | |
| |
| | | | | Option Awards(1) | | | | Restricted Stock Unit Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | | Vesting Commencement Date | | | | Numbers of Securities Underlying Unexercised Options (#) Exercisable | | | | Number of Securities Underlying Unexercised Unexercisable Options | | | | Option Exercise Price | | | | Option Expiration Date | | | | Numbers of Securities Underlying Unvested Restricted Stock Units(2) | | | | Market or Payout Value of Outstanding Restricted Stock Units(3) | | | | Equity Incentive Plan Awards: Number of Unearned Securities that Have Not Vested | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Securities That Have Not Vested(3) | | |||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | (#) | | | | ($) | | | | | | | | | | | (#) | | | | ($) | | | | (#) | | | | ($) | | ||||||||||||||||||
| Scott Galit | | | | | | 2/4/2015 | | | | | | | 1,778,795 | | | | | | | — | | | | | | $ | 0.62 | | | | | | | 2/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/17/2016 | | | | | | | 2,456,152 | | | | | | | — | | | | | | $ | 1.41 | | | | | | | 2/14/2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/13/2017 | | | | | | | 277,762 | | | | | | | — | | | | | | $ | 3.02 | | | | | | | 2/11/2027 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/6/2018 | | | | | | | 940,000 | | | | | | | — | | | | | | $ | 2.80 | | | | | | | 2/4/2028 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/13/2019 | | | | | | | 1,211,312 | | | | | | | 80,755 | | | | | | $ | 2.90 | | | | | | | 2/10/2029 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 3/19/2020 | | | | | | | 248,160 | | | | | | | 112,800 | | | | | | $ | 2.74 | | | | | | | 3/17/2030 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/5/2021 | | | | | | | 116,383 | | | | | | | 149,637 | | | | | | $ | 7.87 | | | | | | | 2/3/2031 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 3/19/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 169,200 | | | | | | | 925,524 | | | | | | | | | | | | | | | | | ||||
| | | 2/5/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 224,719 | | | | | | | 1,229,213 | | | | | | | | | | | | | | | | | ||||
| | | 9/9/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 20,000(4) | | | | | | | 109,400 | | | ||||
| | | 3/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 460,000 | | | | | | | 2,516,200 | | | | | | | | | | | | | | | | | ||||
| John Caplan | | | | | | 7/1/2022 | | | | | | | — | | | | | | | 500,000 | | | | | | $ | 3.98 | | | | | | | 6/28/2032 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 7/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,500,000(5) | | | | | | | 13,675,000 | | | ||||
| | | 7/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,000,000 | | | | | | | 10,940,000 | | | | | | | | | | | | | | | | | ||||
| Michael Levine | | | | | | 1/28/2015 | | | | | | | 72,800 | | | | | | | — | | | | | | $ | 0.62 | | | | | | | 1/25/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/17/2016 | | | | | | | 751,857 | | | | | | | — | | | | | | $ | 1.41 | | | | | | | 2/14/2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/13/2017 | | | | | | | 235,000 | | | | | | | — | | | | | | $ | 3.02 | | | | | | | 2/11/2027 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/6/2018 | | | | | | | 470,000 | | | | | | | — | | | | | | $ | 2.80 | | | | | | | 2/4/2028 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/13/2019 | | | | | | | 567,975 | | | | | | | 37,866 | | | | | | $ | 2.90 | | | | | | | 2/10/2029 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 3/19/2020 | | | | | | | 103,400 | | | | | | | 47,000 | | | | | | $ | 2.74 | | | | | | | 3/17/2030 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/5/2021 | | | | | | | 41,125 | | | | | | | 52,875 | | | | | | $ | 7.87 | | | | | | | 2/3/2031 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 3/19/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 70,500 | | | | | | | 385,635 | | | | | | | | | | | | | | | | | ||||
| | | 2/5/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 79,313 | | | | | | | 433,842 | | | | | | | | | | | | | | | | | ||||
| | | 9/9/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 30,000(4) | | | | | | | 164,100 | | | ||||
| | | 2/22/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 275,000 | | | | | | | 1,504,250 | | | | | | | | | | | | | | | | | ||||
| Arnon Kraft | | | | | | 9/9/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 20,000(4) | | | | | | | 109,400 | | |
| | | 9/9/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 178,753 | | | | | | | 977,779 | | | | | | | | | | | | | | | | | ||||
| | | 2/22/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 275,000 | | | | | | | 1,504,250 | | | | | | | | | | | | | | | | |
| | | | 2023 Proxy Statement | | | 37 | |
| | | | | Option Awards(1) | | | | Restricted Stock Unit Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | | Vesting Commencement Date | | | | Numbers of Securities Underlying Unexercised Options (#) Exercisable | | | | Number of Securities Underlying Unexercised Unexercisable Options | | | | Option Exercise Price | | | | Option Expiration Date | | | | Numbers of Securities Underlying Unvested Restricted Stock Units(2) | | | | Market or Payout Value of Outstanding Restricted Stock Units(3) | | | | Equity Incentive Plan Awards: Number of Unearned Securities that Have Not Vested | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Securities That Have Not Vested(3) | | |||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | (#) | | | | ($) | | | | | | | | | | | (#) | | | | ($) | | | | (#) | | | | ($) | | ||||||||||||||||||
| Assaf Ronen | | | | | | 10/25/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 600,000(6) | | | | | | | 3,282,000 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,250,000 | | | | | | | 12,307,500 | | | | | | | | | | | | | | | | | ||||
| Tsafi Goldman | | | | | | 1/28/2015 | | | | | | | 75,946 | | | | | | | — | | | | | | $ | 0.62 | | | | | | | 1/25/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/17/2016 | | | | | | | 43,209 | | | | | | | — | | | | | | $ | 1.41 | | | | | | | 2/14/2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 7/19/2016 | | | | | | | 37,600 | | | | | | | — | | | | | | $ | 1.81 | | | | | | | 7/17/2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/13/2017 | | | | | | | 94,000 | | | | | | | — | | | | | | $ | 3.02 | | | | | | | 2/11/2027 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/6/2018 | | | | | | | 112,800 | | | | | | | — | | | | | | $ | 2.80 | | | | | | | 2/4/2028 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/13/2019 | | | | | | | 123,375 | | | | | | | 8,225 | | | | | | $ | 2.90 | | | | | | | 2/10/2029 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 3/19/2020 | | | | | | | 77,550 | | | | | | | 35,250 | | | | | | $ | 0.01 | | | | | | | 3/17/2030 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 3/19/2020 | | | | | | | 51,700 | | | | | | | 23,500 | | | | | | $ | 2.74 | | | | | | | 3/17/2030 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/5/2021 | | | | | | | 32,900 | | | | | | | 42,300 | | | | | | $ | 7.87 | | | | | | | 2/3/2031 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | 2/5/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 63,450 | | | | | | | 347,072 | | | | | | | | | | | | | | | | | ||||
| | | 9/9/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 30,000(4) | | | | | | | 164,100 | | | ||||
| | | 2/22/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 200,000 | | | | | | | 1,094,000 | | | | | | | | | | | | | | | | |
| 38 | | | | |
| |
| | | | | Option Awards | | | | Stock Awards | | ||||||||||||||||||||
| Name | | | | Number of Shares Acquired on Exercise (#) | | | | Value Realized on Exercise ($) | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($) | | ||||||||||||
| (a) | | | | (b) | | | | (c) | | | | (d) | | | | (e) | | ||||||||||||
| Scott Galit | | | | | | — | | | | | | | — | | | | | | | 310,141 | | | | | | $ | 2,019,703.73 | | |
| John Caplan | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Michael Levine | | | | | | 40,000 | | | | | | $ | 220,800.00 | | | | | | | 118,087 | | | | | | $ | 767,758.62 | | |
| Arnon Kraft | | | | | | — | | | | | | | — | | | | | | | 139,029 | | | | | | $ | 683,229.04 | | |
| Assaf Ronen | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Tsafi Goldman | | | | | | — | | | | | | | — | | | | | | | 49,350 | | | | | | $ | 326,908.50 | | |
| | | | | 39 | |
| 40 | | | | | |
| Name | | | | Benefit Description | | | | Termination without cause by Company or for good reason by executive NOT in connection with a Change in Control | | | | Termination without cause by Company or for good reason by executive in connection with a Change in Control | | | | Change in Control NOT in connection with Termination without cause by Company or for good reason by executive | |
| | | | | | | | | ($) | | | | ($) | | | | ($) | |
| Scott Galit | | | | Cash severance or notice pay | | | | $237,500 | | | | $237,500 | | | | N/A | |
| Accelerated vesting of equity awards | | | | $1,760,395 | | | | $5,186,421 | | | | $2,593,211 | | ||||
| Continuation of health benefits | | | | $10,811 | | | | $10,811 | | | | N/A | | ||||
| Total: | | | | $2,008,707 | | | | $5,434,732 | | | | $2,593,211 | | ||||
| John Caplan | | | | Cash severance or notice pay | | | | $475,000 | | | | $475,000 | | | | N/A | |
| Accelerated vesting of equity awards | | | | $4,381,875 | | | | $11,685,000 | | | | $5,842,500 | | ||||
| Continuation of health benefits | | | | $23,127 | | | | $23,127 | | | | N/A | | ||||
| Total: | | | | $4,880,002 | | | | $12,183,127 | | | | $5,842,500 | | ||||
| Michael Levine(1) | | | | Cash severance or notice pay | | | | $200,000 | | | | 660,000 | | | | N/A | |
| Accelerated vesting of equity awards | | | | N/A | | | | $2,549,353 | | | | $1,274,676 | | ||||
| Continuation of health benefits | | | | $11,618 | | | | $23,236 | | | | N/A | | ||||
| Total: | | | | $211,618 | | | | $3,232,589 | | | | $1,274,676 | | ||||
| Arnon Kraft | | | | Cash severance or notice pay | | | | $149,555 | | | | $149,555 | | | | N/A | |
| Accelerated vesting of equity awards | | | | N/A | | | | N/A | | | | N/A | | ||||
| Continuation of health benefits | | | | N/A | | | | N/A | | | | N/A | | ||||
| Total: | | | | $149,555 | | | | $149,555 | | | | N/A | |
| | | | 2023 Proxy Statement | | | 41 | |
| Name | | | | Benefit Description | | | | Termination without cause by Company or for good reason by executive NOT in connection with a Change in Control | | | | Termination without cause by Company or for good reason by executive in connection with a Change in Control | | | | Change in Control NOT in connection with Termination without cause by Company or for good reason by executive | |
| | | | | | | | | ($) | | | | ($) | | | | ($) | |
| Assaf Ronen | | | | Cash severance or notice pay | | | | $225,000 | | | | $225,000 | | | | N/A | |
| Accelerated vesting of equity awards | | | | N/A | | | | N/A | | | | N/A | | ||||
| Continuation of health benefits | | | | N/A | | | | N/A | | | | N/A | | ||||
| Total: | | | | $225,000 | | | | $225,000 | | | | N/A | | ||||
| Tsafi Goldman | | | | Cash severance or notice pay | | | | $180,000 | | | | $180,000 | | | | N/A | |
| Accelerated vesting of equity awards | | | | N/A | | | | N/A | | | | N/A | | ||||
| Continuation of health benefits | | | | N/A | | | | N/A | | | | N/A | | ||||
| Total: | | | | $180,000 | | | | $180,000 | | | | N/A | |
| 42 | | | | | |
| | | | | Fees Earned or Paid in Cash | | | | Stock Awards | | | | Stock Option Awards | | | | All Other Compensation | | | | Total | | |||||||||||||||
| | | | | ($) | | | | ($)(2) | | | | ($) | | | | ($) | | | | ($) | | |||||||||||||||
| Avi Zeevi | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Amir Goldman | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| John C. (Hans) Morris | | | | | | — | | | | | | | — | | | | | | | —(3) | | | | | | | — | | | | | | | — | | |
| Christopher (Woody) Marshall | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Heather Tookes | | | | | | 47,500 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 47,500 | | |
| Rich Williams | | | | | | 45,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 45,000 | | |
| Pamela H. Patsley | | | | | | 55,000(1) | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 55,000(1) | | |
| | | | 2023 Proxy Statement | | | 43 | |
| Plan | | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | | | Weighted average exercise price of outstanding options | | | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) | | |||||||||
| | | | | (a) | | | | (b) | | | | (c) | | |||||||||
| Equity compensation plans approved by stockholders(1) | | | | | | 25,285,862(2) | | | | | | $ | 4.40 | | | | | | | 17,255,355 | | |
| Equity compensation plans not approved by stockholders(3) | | | | | | 35,491,507(4) | | | | | | $ | 2.06 | | | | | | | — | | |
| Total | | | | | | 60,777,369 | | | | | | $ | 3.03 | | | | | | | 17,255,355 | | |
| 44 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | | | ||||||||||
| Year* | | | | Summary Compensation Table Total for PEO 1(1) | | | | Summary Compensation Table Total for PEO 2(1) | | | | Compensation Actually Paid to PEO 1(2) | | | | Compensation Actually Paid to PEO 2(2) | | | | Average Summary Compensation Table Total for Non-PEO Named Executive Officers(3) | | | | Average Compensation Actually Paid to Non-PEO Named Executive Officers(4) | | | | Total Shareholder Return(5) | | | | Peer Group Total Shareholder Return(6) | | | | Net Loss (K)(7) | | | | Company- Selected Measure- Revenue (K)(8) | | ||||||||||||||||||||||||||||||
| (a) | | | | (b) | | | | (b) | | | | (c) | | | | (c) | | | | (d) | | | | (e) | | | | (f) | | | | (g) | | | | (h) | | | | (i) | | ||||||||||||||||||||||||||||||
| Fiscal 2022 | | | | | $ | 3,059,800 | | | | | | $ | 15,123,520 | | | | | | $ | 425,188 | | | | | | $ | 23,415,602 | | | | | | $ | 6,676,879 | | | | | | $ | 4,505,392 | | | | | | $ | 51.60 | | | | | | $ | 83.15 | | | | | | $ | (11,970) | | | | | | $ | 627,623 | | |
| Fiscal 2021 | | | | | $ | 5,158,310 | | | | | | | N/A | | | | | | $ | 25,803,130 | | | | | | | N/A | | | | | | $ | 7,106,937 | | | | | | $ | 5,320,229 | | | | | | $ | 69.34 | | | | | | $ | 107.40 | | | | | | $ | (33,987) | | | | | | $ | 473,403 | | |
| Year | | | | Reported Summary Compensation Table Total for PEO 1 | | | | Reported Value of Equity Awards(a) | | | | Equity Award Adjustments(b) | | | | Pension Additions to SCT Total | | | | Compensation Actually Paid to PEO 1 | | |||||||||||||||
| Fiscal 2022 | | | | | $ | 3,059,800 | | | | | | $ | 2,097,600 | | | | | | $ | (537,012) | | | | | | | N/A | | | | | | $ | 425,188 | | |
| Fiscal 2021 | | | | | $ | 5,158,310 | | | | | | $ | 4,270,720 | | | | | | $ | 24,915,540 | | | | | | | N/A | | | | | | $ | 25,803,130 | | |
| Year | | | | Reported Summary Compensation Table Total for PEO 2 | | | | Reported Value of Equity Awards(a) | | | | Equity Award Adjustments(b) | | | | Pension Additions to SCT Total | | | | Compensation Actually Paid to PEO 2 | | |||||||||||||||
| Fiscal 2022 | | | | | $ | 15,123,520 | | | | | | $ | 14,535,303 | | | | | | $ | 22,827,385 | | | | | | | N/A | | | | | | $ | 23,415,602 | | |
| Fiscal 2021 | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | |
| | | | 2023 Proxy Statement | | | 45 | |
| Year | | | | Year End Fair Value of Equity Awards for PEO 1 | | | | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards | | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year | | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in Year | | | | Fair Value at End of Prior Year of Equity Awards that Failed to Meet Vesting Conditions in Year | | | | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation | | | | Total Equity Award Adjustments for PEO 1 | | |||||||||||||||||||||
| Fiscal 2022 | | | | | $ | 2,516,200 | | | | | | $ | (1,306,574) | | | | | | | — | | | | | | $ | (1,746,638) | | | | | | | — | | | | | | | — | | | | | | $ | (537,012) | | |
| Fiscal 2021 | | | | | $ | 4,024,169 | | | | | | $ | 2,967,975 | | | | | | | — | | | | | | $ | 3,760,258 | | | | | | | — | | | | | | $ | 14,163,138 | | | | | | $ | 24,915,540 | | |
| Year | | | | Year End Fair Value of Equity Awards for PEO 2 | | | | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards | | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year | | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in Year | | | | Fair Value at End of Prior Year of Equity Awards that Failed to Meet Vesting Conditions in Year | | | | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation | | | | Total Equity Award Adjustments for PEO 2 | | |||||||||||||||||||||
| Fiscal 2022 | | | | | $ | 22,827,385 | | | | | | $ | 0 | | | | | | | — | | | | | | $ | 0 | | | | | | | — | | | | | | | — | | | | | | $ | 22,827,385 | | |
| Fiscal 2021 | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | |
| 46 | | | | | | 2023 Proxy Statement | |
| Year | | | | Average Reported Summary Compensation Table Total for Non-PEO Named Executive Officers | | | | Average Reported Value of Equity Awards | | | | Equity Award Adjustments(a) | | | | Pension Additions to SCT Total | | | | Average Compensation Actually Paid to Non-PEO Named Executive Officers | | |||||||||||||||
| Fiscal 2022 | | | | | $ | 6,676,879 | | | | | | $ | 6,002,734 | | | | | | $ | 3,831,247 | | | | | | | N/A | | | | | | $ | 4,505,392 | | |
| Fiscal 2021 | | | | | $ | 7,106,937 | | | | | | $ | 6,715,310 | | | | | | $ | 4,928,602 | | | | | | | N/A | | | | | | $ | 5,320,229 | | |
| Year | | | | Average Year End Fair Value of Equity Awards | | | | Year over Year Average Change in Fair Value of Outstanding and Unvested Equity Awards | | | | Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year | | | | Year over Year Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | | | | Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | | | | Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value | | | | Total Average Equity Award Adjustments | | |||||||||||||||||||||
| Fiscal 2022 | | | | | $ | 4,473,525 | | | | | | $ | (320,201) | | | | | | | — | | | | | | $ | (322,078) | | | | | | | — | | | | | | | — | | | | | | $ | 3,831,247 | | |
| Fiscal 2021 | | | | | $ | 4,928,602 | | | | | | $ | 0 | | | | | | | — | | | | | | $ | 0 | | | | | | | — | | | | | | $ | 0 | | | | | | $ | 4,928,602 | | |
| | | | 2023 Proxy | | | 47 | |
| 48 | | | | | |
| | | | 2023 Proxy | | | 49 | |
| 50 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 51 | |
| 52 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 53 | |
| 54 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 55 | |
| 56 | | | | | | 2023 Proxy Statement | |
| | | | 2023 Proxy Statement | | | 57 | |
| Before the Annual Meeting | | ||||
| By Internet | | | | If you received the notice or a printed copy of the proxy materials, go to www.proxyvote.com and follow the instructions in the notice or on the proxy card. | |
| By Telephone | | | | If you received a printed copy of the proxy materials, follow the instructions on the proxy card. | |
| By Mail | | | | If you received a printed copy of the proxy materials, complete, sign, date, and mail your proxy card in the enclosed, postage-prepaid envelope. | |
| During the Annual Meeting | |||||
|
| 58 | | | | | |
| | | | | 59 | |
| 60 | | | | | | 2023 Proxy Statement | |
| Proposal | | | | Vote Required | | | | Voting Choices | | | | Discretionary Voting Allowed? | | ||||||||||||||||||||||
| No. 1. Election of Directors | | | | Plurality | | | | For or Withhold | | | | No | | ||||||||||||||||||||||
| No. 2. Ratification of the Selection of the Independent Registered Public Accounting Firm for | | | | Majority Cast | | | | For, Against or Abstain | | | | Yes | | ||||||||||||||||||||||
| No. 3. Non-binding advisory vote to approve named executive officer compensation | | | | Majority Cast | | | | For, Against or Abstain | | | | No | | ||||||||||||||||||||||
| No. 4. Non-binding advisory vote on the
|
| | | | | 61 | |
| | | | | A-1 | |
| | | | | Year ended December 31, | | ||||||||||
| | | | | 2022 | | | | 2021 | | ||||||
| Net loss | | | | | $ | (11,970) | | | | | | $ | (33,987) | | |
| Depreciation and amortization | | | | | | 20,858 | | | | | | | 17,997 | | |
| Taxes on income | | | | | | 13,586 | | | | | | | 8,711 | | |
| Other financial income, net | | | | | | 10,131 | | | | | | | 6,854 | | |
| EBITDA | | | | | | 32,605 | | | | | | | (425) | | |
| Stock based compensation expenses(1) | | | | | | 52,150 | | | | | | | 37,012 | | |
| Reorganization related expenses(2) | | | | | | — | | | | | | | 5,087 | | |
| Share in losses of associated company | | | | | | 2 | | | | | | | 37 | | |
| M&A related expenses(3) | | | | | | (2,323) | | | | | | | (1,721) | | |
| Gain from change in fair value of Warrants(4) | | | | | | (33,963) | | | | | | | (11,824) | | |
| Adjusted EBITDA | | | | | $ | 48,471 | | | | | | $ | 28,166 | | |
| A-2 | | | | | | 2023 Proxy Statement | |