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Relationships with Related Parties
9 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
Relationships with Related Parties
Note 11: Relationships with Related Parties
The Company’s related parties consist of executive officers, directors and beneficial owners of five percent (5%) or more of any class of our voting securities, including any of their immediate family members and any entity owned or controlled by such persons. As of September 30, 2021, the total amount of remuneration granted to the members of the Board of Directors and Executive Committee has not changed significantly since December 31, 2020.
Pursuant to the authorization granted by the General Meeting of the Shareholders held on May 19, 2021, the Company offered its directors the opportunity to subscribe for warrants to purchase ordinary shares on May 19, 2021, and on June 3, 2021, the directors subscribed for warrants to purchase an aggregate
of 39,185 ordinary shares. The fair value assumptions used and the valuation method of these warrants are described in Note 6—
Share-Based Payments
.
There were no other new significant related-party transactions during the period nor any change in the nature of the transactions from those described in Note 20 to the consolidated financial statements included in the Annual Report.