VWAV 8-K filed 2026 · insiderdelta

Item 5.02 Departure of Directors or Certain Officers;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Chief Financial Officer of VisionWave IL Ltd.

On June 1, 2026, VisionWave IL Ltd. (“VisionWave
IL”), a wholly-owned subsidiary of VisionWave Holdings, Inc. (the “Company”), entered into an Employment Agreement with
Mr. Einav Eliraz pursuant to which Mr. Eliraz was appointed Chief Financial Officer (“CFO”) of VisionWave IL, effective June
1, 2026.

Mr. Eliraz is a certified public accountant and senior
finance executive with more than twenty years of experience in public company accounting, SEC reporting, treasury management, mergers
and acquisitions, internal controls, corporate finance, and multinational operations. Most recently, since 2024 to the present, he served
as Global CFO of Raval ACS (TASE: RVL). Previously, he held senior finance positions with Nano Dimension Ltd. (NASDAQ: NNDM)(2022-2023),
Cellebrite DI Ltd. (NASDAQ: CLBT)(2020-2022), Avgol Nonwovens Ltd. (TASE: AVGL)(2018-2020), Ophir Optronics/MKS Instruments (NASDAQ: MKSI)(2011-2018),
PerfAction (2007-2011), and PricewaterhouseCoopers (2003-2006). Throughout his career, Mr. Eliraz has overseen large multinational finance
organizations, SEC reporting functions, treasury operations, mergers and acquisitions, and Nasdaq public company compliance programs.
He holds an MBA in Finance from the Hebrew University of Jerusalem, a B.A. in Accounting from Tel Aviv University, and is a Certified
Public Accountant in Israel.

The Company expects Mr. Eliraz to play a significant
role in the continued development and expansion of the VisionWave group. In addition to his responsibilities as Chief Financial Officer
of VisionWave IL, Mr. Eliraz is expected to assist with the oversight of consolidated financial reporting, SEC compliance, financial planning
and analysis, treasury management, mergers and acquisitions, integration of acquired businesses, internal controls, and strategic financial
initiatives across the Company’s global operations. The Company believes that Mr. Eliraz’s extensive experience with Nasdaq-listed
companies, SEC reporting, multinational consolidations, treasury management, and acquisition transactions will support the Company’s
long-term growth strategy and public company objectives. In particular, the Company expects Mr. Eliraz to assist management in evaluating
acquisition opportunities, conducting financial due diligence, integrating acquired businesses, establishing public-company financial
controls, supporting capital markets initiatives, strengthening the Company’s financial reporting infrastructure, and assisting
with the financial integration of current and future subsidiaries as the VisionWave group continues to expand its international operations.

Pursuant to the Employment Agreement, Mr. Eliraz will
receive a gross monthly salary of NIS 50,000 and will be eligible for customary benefits under Israeli law, including pension, severance,
study fund (keren hishtalmut), vacation, sick leave, mobile phone, laptop and other executive benefits. Mr. Eliraz will also be eligible
to receive an annual performance bonus based on the achievement of revenue and operating performance objectives established by the Company.

In addition, subject to approval by the Company’s
Board of Directors, Compensation Committee, stockholders if required, and any other approvals required under applicable law, Nasdaq rules
and the Company’s equity incentive plan, Mr. Eliraz will be granted options to purchase 500,000 shares of the Company’s common
stock. The exercise price of such options will be determined based upon the closing price of the Company’s common stock on the trading
day immediately preceding the approval of the grant, unless otherwise determined by the Company’s authorized governing bodies. The
options are expected to vest over a four-year period, with twenty-five percent (25%) vesting on the first anniversary of the grant date
and the remaining seventy-five percent (75%) vesting in thirty-six equal monthly installments thereafter, subject to continued service
and the terms of the applicable equity incentive plan and award agreement. The option grant described above is intended to be made under
the Company’s Omnibus Equity Incentive Plan and is designed to align Mr. Eliraz’s interests with those of the Company’s
stockholders. The Company believes that equity-based compensation is an important component of attracting and retaining highly qualified
executive talent and incentivizing long-term value creation. The grant is subject to approval by the Company’s Board of Directors,
Compensation Committee, and, if required, the stockholders of the Company, as well as compliance with applicable Nasdaq listing standards,
securities laws, and the terms of the Company’s equity incentive plan.

Although Mr. Eliraz is employed by VisionWave IL Ltd.,
a wholly-owned subsidiary of the Company, the Company considers his appointment and compensation package material due to his anticipated
role in supporting the financial, reporting, acquisition, integration, capital markets, and strategic initiatives of the VisionWave group
and because a significant portion of his compensation consists of equity-based awards of the Company common stock.

The Compensation Committee and Board of Directors
determined that the compensation package provided to Mr. Eliraz reflects his extensive executive-level experience in public company finance,
SEC reporting, treasury management, corporate acquisitions, internal controls and multinational operations, as well as the significant
responsibilities associated with supporting the Company’s anticipated growth, acquisition activities, integration of acquired businesses
and ongoing public company reporting requirements.

The Employment Agreement provides for an initial commencement
date of June 1, 2026. Either VisionWave IL or Mr. Eliraz may terminate the employment relationship upon prior written notice as provided
in the Employment Agreement. Following the first year of employment, the agreement generally provides for ninety (90) days’ prior
written notice of termination by either party.

There are no family relationships between Mr. Eliraz
and any director or executive officer of the Company. There are no arrangements or understandings between Mr. Eliraz and any other person
pursuant to which she was selected as an officer. There are no transactions involving Me. Eliraz requiring disclosure pursuant to Item
404(a) of Regulation S-K.

The foregoing description of the Employment Agreement
does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement, a copy of which is filed as
Exhibit 10.1 to this Current Report and incorporated herein by reference.
VWAV Visionwave Holdings, Inc. - 8-K

Item 5.02 - Departure/Election of Directors or Certain Officers

Item 9.01 - Financial Statements and Exhibits
