Valens Semiconductor (VLN) plans Rule 144 sale of 338,090 ordinary shares
Rhea-AI Filing Summary
Valens Semiconductor filed a notice covering a planned sale of ordinary shares under Rule 144. The filing indicates an intention to sell 338,090 ordinary shares through broker Oppenheimer & Co. Inc. on the NYSE, with an aggregate market value of $527,420.40. These shares are part of a larger base of 106,342,415 shares outstanding. The securities to be sold were acquired on 11/30/2023 via distributions in kind from Genesis Partners III and VALENS S.P.V., meaning they were received as part of a non-cash distribution rather than a direct cash purchase. The approximate sale date listed is 01/09/2026, and the person on whose behalf the sale is planned represents that they are not aware of any undisclosed material adverse information about the company.
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FAQ
What does Valens Semiconductor (VLN) disclose in this Rule 144 filing?
The filing discloses a planned sale of 338,090 ordinary shares of Valens Semiconductor under Rule 144, to be executed through Oppenheimer & Co. Inc. on the NYSE.
What representation does the selling person make in this Valens Semiconductor (VLN) Rule 144 notice?
The person for whose account the securities are to be sold represents that they do not know of any material adverse information about Valens Semiconductor's current or prospective operations that has not been publicly disclosed.