| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Date of Event Requiring Statement
(Month/Day/Year) 03/18/2026 | 3. Issuer Name and Ticker or Trading Symbol
REE Automotive Ltd. [ REE ] | |||||||||||||||
| 3a. Foreign Trading Symbol
| 5. If Amendment, Date of Original Filed
(Month/Day/Year) 03/18/2026 | ||||||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Ordinary Shares | 6,589 | D(1) | |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units | (3) | (3) | Class A Ordinary Shares(2) | 556 | (3) | D(1) | |
| Restricted Stock Units | (4) | (4) | Class A Ordinary Shares(2) | 59,022 | (4) | D(1) | |
| Restricted Stock Units | (5) | (5) | Class A Ordinary Shares(2) | 180,000 | (5) | D(1) | |
| Options | (7) | (7) | Class A Ordinary Shares | 16,910(6) | $11.24 | D(1) | |
| Options | 07/01/2022 | 07/01/2029 | Class A Ordinary Shares | 8,901(6) | $11.24 | D(1) | |
| Explanation of Responses: |
| 1. Restricted Share Units ("RSUs") granted under REE Automotive Ltd.'s (the "Company") 2021 Share Incentive Plan ("Plan") and underlying Class A Ordinary Shares are deposited with a trustee approved by the Israeli Tax Authority for this purpose, who holds such securities in trust on behalf of the Reporting Person. |
| 2. Each RSU represents the right to receive, following vesting, one share of the Company's Class A Ordinary Shares. |
| 3. Unless earlier forfeited under the terms of the RSU, such RSUs will vest as follows: (a) 33.33% of the RSUs shall vest on the first year anniversary of the date of grant (which date of grant was May 22, 2023), and (b) subsequent to such first year anniversary, 8.33% of the RSUs shall vest on a quarterly basis over the course of a two year period, in accordance with the applicable terms of the RSU. |
| 4. Unless earlier forfeited under the terms of the RSU, 8.33% of the RSUs shall vest on a quarterly basis over the course of a three-year period from the date of grant (which date of grant was September 15, 2024), in accordance with the applicable terms of the RSU. |
| 5. Unless earlier forfeited under the terms of the RSU, 8.33% of the RSUs shall vest on a quarterly basis over the course of a three-year period from the date of grant (which date of grant was February 18, 2026), in accordance with the applicable terms of the RSU. The vesting of such RSUs shall be accelerated upon a change of control of the Company, which includes a "Merger/Sale" event, as such term is defined in the Plan. |
| 6. These options were granted to the Reporting Person prior to the Company's initial public offering and are each fully vested as of the date herein. |
| 7. Options included here represent those with the same date of grant, January 1, 2020, and the same expiration date, January 23, 2030, that became fully exercisable on either January 1, 2020, December 31, 2021, or March 31, 2022. |
| Remarks: |
| Due to a clerical error, this Form 3/A ("Amendment") serves as a restatement of the Form 3 filed by the Reporting Person on March 18, 2026 ("Original Form 3"). On March 17, 2026, a total of 9,837 RSUs from the September 14, 2024 grant vested and 3,248 were sold in connection therewith. This Amendment restates the number of RSUs from the September 14, 2024 grant and reports the remaining vested RSUs from such grant as Class A Ordinary Shares. Exhibit 24 - Power of Attorney |
| /s/ Avital Futterman, Attorney-in-Fact | 03/18/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
| * Form 3: SEC 1473 (03-26) | ||