EQUITY

6 Months Ended

Jun. 28, 2025

EQUITY

EQUITY

NOTE 4 - EQUITY

Share-based compensation plans

Mobileye Plan

In June 2025, the stockholders of the Company approved the Amended and Restated Mobileye Global Inc. 2022 Equity Incentive Plan (“the 2022 Plan”). Equity awards under the 2022 Plan are granted for Class A shares and vest upon the satisfaction of a service-based vesting condition, mostly over service periods of three years.

Restricted Stock Units

The RSUs activity for the six months ended June 28, 2025 for RSUs granted to Company’s employees under the 2022 Plan was as follows:

		Weighted average grant
	Number of RSUs	date fair value
	In thousands	U.S. dollars
Outstanding as of December 28, 2024	21,453	$	27.0
Granted	2,104		13.7
Vested	(3,427)		22.9
Forfeited	(734)		27.0
Outstanding as of June 28, 2025	19,396	$	26.3

The RSUs activity for the three months ended June 28, 2025 for RSUs granted to Company’s employees under the 2022 Plan was as follows:

		Weighted average grant
	Number of RSUs	date fair value
	In thousands	U.S. dollars
Outstanding as of March 29, 2025	21,188	$	26.7
Granted	1,621		13.2
Vested	(3,157)		22.3
Forfeited	(256)		24.2
Outstanding as of June 28, 2025	19,396	$	26.3

As of June 28, 2025, the unrecognized compensation cost related to all unvested RSUs granted under the 2022 Plan, was $295 million, which is expected to be recognized as an expense over a weighted-average period of 1.91 years.

Intel Plan

Prior to the Mobileye IPO, since 2017, employees of the Company had been incentivized and rewarded through the grant of Intel equity awards under Intel’s equity incentive plan which contains only a service condition. The equity awards granted generally vest over the course of three years from the grant date. The activity of the Company’s employees for Intel’s options and RSUs was immaterial for the current period.

Share-based compensation expense summary (for both Mobileye and Intel Plans)

Expenses recognized

Share-based compensation expenses included in the condensed consolidated statements of operations and comprehensive income (loss) were as follows:

	Three months ended				Six months ended
U.S. dollars in millions	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Cost of revenue	$	1	$	1	$	1	$	1
Research and development, net		59		55		116		108
Sales and marketing		2		—		3		2
General and administrative		7		6		14		13
Total share-based compensation	$	69	$	62	$	134	$	124