Certain Options of PolyPid Ltd. are subject to a Lock-Up Agreement Ending on 28-JUN-2023. These Options will be under lockup for 91 days starting from 29-MAR-2023 to 28-JUN-2023.

Details:
The company directors and executive officers have entered into lock-up agreements. Under these agreements, the individuals have agreed, subject to specified exceptions, not to sell or transfer any Ordinary Shares or securities convertible into, or exchangeable or exercisable for, Ordinary Shares during a period ending 90 days after the date of the prospectus supplement.