Mobileye Global Inc. (MBLY): Other Mr. Nehushtan appointed

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) As previously reported, on September 3, 2026,
Mr. Nehushtan and the Company agreed that Mr. Nehushtan would transition from his role as Executive Vice President Business
Development & Strategy to a part-time role with the Company focused on corporate strategy.
(e) On October 28, 2026, Mr. Nehushtan and Mobileye
Vision entered into an amendment to Mr. Nehushtan’s employment agreement (the “Employment Amendment”), effective
November 1, 2026. Pursuant to the Employment Amendment:
· Mr. Nehushtan’s title will be Executive Vice President Corporate
Strategy and his scope of employment will be reduced to 20% of a full-time position.
· Mr. Nehushtan’s monthly compensation will be NIS 50,000. Certain
employment-related benefits and entitlements will be adjusted to reflect his reduced scope of employment. The Company will continue to
make pension, severance and other applicable benefit contributions based on his adjusted compensation.
On October 28, 2026, the Company and Mr. Nehushtan also
entered into an amendment to his restricted stock unit agreements relating to awards granted on July 10, 2024, July 10, 2025
and July 10, 2026 (the “RSU Amendment”), effective November 1, 2026. Pursuant to the RSU Amendment, if the Company
or one of its subsidiaries terminates Mr. Nehushtan’s employment without Cause (as defined in the RSU Amendment) prior to July 10,
2027 and he executes a release of claims meeting the requirements specified therein, any unvested restricted stock units scheduled to
vest on or before July 10, 2027 will accelerate and become vested as of the date of termination.
The foregoing descriptions of the Employment Amendment and the RSU
Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of those agreements, which are
filed as Exhibits 10.1 and 10.2 hereto and incorporated herein by reference.