10/16/2025 | Press release | Distributed by Public on 10/16/2025 14:46
Item 3.02. Unregistered Sales of Equity Securities.
On October 13, 2025, Tenon Medical, Inc., Delaware corporation (the "Company"), issued its directors and officers an aggregate 866,642 restricted stock units ("RSUs") pursuant to the Tenon Medical, Inc. 2022 Equity Incentive Plan, as amended. All RSUs will vest and automatically convert into the shares of common stock of the Company on one-for-one basis in two installments: 50% on January 1, 2026, and 50% on July 31, 2026.
The Company issued the RSUs as described above in reliance on exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), available to the Company under Section 4(a)(2) of the Securities Act due to the fact that the issuance did not involve a public offering of securities.