The expense recognized in the financial statements for services received from employees and officers is shown in the following table:

As part of the business combination agreement described in Note 1b above, on June 21, 2021, the Company granted 11 share options to senior officers, employees and consultants of the Company and to an investment bank assisting the transaction.

The Company has authorized through its 2021 Employee Stock Option Plan (the “Plan”), an available pool of ordinary shares of the Company from which to grant options and RSUs to officers, directors, advisors, management and other key employees. As of December 31, 2025, there were 13,559 ordinary shares reserved and available for issuance under the Plan (after adjustment for the 1:15 reverse split effected on January 15, 2026, the 1:50 reverse split effected on April 20, 2026 and the 1:20 reverse split effected on June 5, 2026). The options granted generally have a four-year vesting period and expire ten years after the date of the grant, subject to the terms set forth in the Plan. Options granted under the Plan that are cancelled or forfeited before expiration become available for future grant.

The following table presents the changes in the number of share options and the weighted average exercise prices of share options: 

Each option is exercisable into one ordinary share of no par value.

A summary of the status of RSUs under the Plan as of December 31, 2025 and changes during the relevant period ended on that date is presented below:

The total equity-based compensation expense related to all of the Company’s equity-based awards recognized for the years ended December 31, 2025, 2024 and 2023, was comprised as follows: