VLN (NYSE: VLN) Form 144: 16,250-share option exercise reported

Rhea-AI Filing Summary

VLN filed a notice of proposed sale of 16,250 ordinary shares under an Employee Stock Option Plan, dated 02/25/2026, to be exercised for cash upon exercise.

The filing also discloses recent sales by Dror Jerushalmi: 12/05/2025 42,631 shares for $72,760.69, 01/02/2026 254,131 shares for $463,648.70, and 02/02/2026 183,508 shares for $283,531.72.

Insights

Securities Lawyer

Notice reports an option exercise sale and multiple recent dispositions by a related holder.

The filing lists an exercise under an Employee Stock Option Plan for 16,250 ordinary shares with cash upon exercise and an effective date of 02/25/2026. This describes the proposed method of sale rather than a completed corporate issuance.

Recent transactions by Dror Jerushalmi are disclosed with exact dates and proceeds; these are reported dispositions, not regulatory findings. Timing and market execution details beyond the dates listed are not provided in the excerpt.

Corporate Governance Analyst

Multiple large recorded sales by a single holder are notable for share movement history.

The excerpt itemizes three sales by the same holder totaling 480,270 shares across 12/05/2025, 01/02/2026, and 02/02/2026 with corresponding proceeds in dollars. These entries document past market activity by that holder.

These transactions are factual disclosures of past sales; the filing does not state reason, authority, or any change to governance. Subsequent filings would be needed for further context.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary	Oppenheimer & Co. Inc. 85 broad st. New York NY 10004	16250	24862.50	103050266	02/25/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary	01/11/2019	Employee Stock Option Plan	Issuer			16250	02/25/2026	Cash - Upon Exercise

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Dror Jerushalmi 8 HANAGAR ST. POB 7152 HOD HASHARON L3 4501309	Ordinary	12/05/2025	42631	72760.69
Dror Jerushalmi 8 HANAGAR ST. POB 7152 HOD HASHARON L3 4501309	Ordinary	01/02/2026	254131	463648.70
Dror Jerushalmi 8 HANAGAR ST. POB 7152 HOD HASHARON L3 4501309	Ordinary	02/02/2026	183508	283531.72

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does VLN's Form 144 report about shares being sold?

The filing reports a proposed sale of 16,250 ordinary shares under an Employee Stock Option Plan dated 02/25/2026. It states the exercise method as cash upon exercise.

Who sold shares in the past three months according to the VLN filing?

The filing shows sales by Dror Jerushalmi: 42,631 shares on 12/05/2025, 254,131 shares on 01/02/2026, and 183,508 shares on 02/02/2026.

How much did Dror Jerushalmi receive from the recent VLN share sales?

Proceeds shown are $72,760.69 for 12/05/2025, $463,648.70 for 01/02/2026, and $283,531.72 for 02/02/2026, as listed in the excerpt.

Does the Form 144 show how the 16,250 shares will be sold on market?

The entry specifies cash upon exercise for the 16,250 shares on 02/25/2026. The filing does not provide detailed execution methods or broker routing in the provided excerpt.

Is the 16,250-share transaction an issuance by VLN or a resale?

The notice describes an exercise under an Employee Stock Option Plan with cash upon exercise, indicating issuance tied to option exercise rather than a resale listing in the excerpt.