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Valens Semiconductor (NYSE: VLN) files Form 144 for 24,000-share insider sale

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Valens Semiconductor insider plans to sell shares under Rule 144. A holder intends to sell 24,000 ordinary shares of Valens Semiconductor on the NYSE through Oppenheimer & Co. Inc., with an aggregate market value of $40,320. The shares relate to an employee stock option plan, originally acquired on 06/01/2017 and to be paid for in cash upon exercise. The table notes that 106,342,415 shares were outstanding, giving context for the size of this planned sale.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does this Form 144 filing for VLN disclose?

It discloses that a holder plans to sell 24,000 ordinary shares of Valens Semiconductor on the NYSE under Rule 144 through Oppenheimer & Co. Inc.

How many Valens Semiconductor (VLN) shares are planned to be sold and at what market value?

The notice covers a proposed sale of 24,000 ordinary shares with an aggregate market value of $40,320.

Where did the VLN shares in this Form 144 come from?

The 24,000 ordinary shares were acquired on 06/01/2017 through an employee stock option plan, with cash payment upon exercise.

On which exchange and through which broker will the VLN shares be sold?

The shares are planned to be sold on the NYSE through Oppenheimer & Co. Inc. located at 85 Broad St., New York, NY 10004.

How does the planned VLN share sale compare to shares outstanding?

The filing reports that 106,342,415 ordinary shares were outstanding, providing a baseline relative to the 24,000 shares covered by this notice.

What representation does the selling person make in this VLN Form 144?

The seller represents that they do not know any material adverse information about Valens Semiconductor’s current or prospective operations that has not been publicly disclosed.
Valens Semiconductor Ltd

NYSE:VLN

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