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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of August 2023 (Report No. 3)
Commission file number: 001-41502
WEARABLE DEVICES LTD.
(Translation of registrant’s name into English)
5 Ha-Tnufa Street
Yokne-am Illit, Israel 2066736
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
CONTENTS
On August 23, 2023, the Board of Directors of Wearable Devices Ltd. (the “Company”) approved an increase in the number of ordinary shares, par value NIS 0.01 per share, of the Company (the “Ordinary Shares”) reserved for issuance under the Company’s 2015 Share Option Plan (the “Share Option Plan”) by 931,139 from 1,884,687 to 2,815,826 (the “Share Option Increase”). The First Amendment to the Share Option Plan, giving effect to the Share Option Increase, is attached hereto as Exhibit 10.1.
This Report of Foreign Private Issuer on Form 6-K, including its exhibit, is incorporated by reference into the Company’s Registration Statement on Form S-8 (File No. 333-269869), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
| Exhibit No. | ||
| 10.1 | First Amendment to Wearable Devices Ltd. 2015 Share Option Plan. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Wearable Devices Ltd. | ||
| Date: August 30, 2023 | By: | /s/ Asher Dahan |
| Asher Dahan | ||
| Chief Executive Officer | ||
3
Exhibit 10.1
Wearable Devices Ltd.
2015 Share Option Plan
This First Amendment (this “Amendment”) to the 2015 Share Option Plan (the “Plan”) of Wearable Devices Ltd., an Israeli company, hereby amends the Plan as follows:
| 1. | Section 8.1 of the Plan is hereby amended and restated as follows: |
“The Company has reserved 2,815,826 authorized but unissued Shares, for the purposes of the Plan, subject to adjustment as set forth in Section 9 below. Any Shares which remain unissued and which are not subject to the outstanding Options at the termination of the Plan shall cease to be reserved for the purpose of the Plan. Should any Option for any reason expire or be canceled prior to its exercise or relinquishment in full, the Shares subject to such Option may again be subjected to an Option under the Plan or under the Company’s other share option plans.”
| 2. | This Amendment shall be effective as of August 23, 2023. |
| 3. | Except as amended hereby, the Plan shall remain in full force and effect. |