Valens Semiconductor (VLN) director Zilka Yahal reports share and option holdings in Form 3

Rhea-AI Filing Summary

Valens Semiconductor Ltd. director Zilka Yahal has filed an initial Form 3 showing existing equity holdings in the company. The filing reports multiple blocks of Ordinary Shares held directly, including one position of 905,021 shares, along with several grants of stock options (rights to buy Ordinary Shares) at exercise prices ranging from $1.66 to $7.58 per share, with expirations between 2029 and 2033. Footnotes explain that some shares were issued upon vesting of previously granted RSUs, some were received as a pro‑rata in‑kind distribution from a venture capital fund, and certain RSUs and options vest in four equal quarterly portions starting from the first anniversary of the January 15, 2026 grant date, subject to continued service.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Zilka Yahal

(Last) (First) (Middle)

3 ROTHSCHILD BLVD.

3RD FLOOR

(Street)

TEL AVIV

(City) (State) (Zip)

ISRAEL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Valens Semiconductor Ltd. [ VLN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	97,059(1)	D
Ordinary Shares	905,021(2)	D
Ordinary Shares	47,847(3)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	04/15/2022(4)	01/15/2029	Ordinary Shares	14,230	$7.58	D
Stock Option (Right to Buy)	04/15/2023(4)	01/14/2030	Ordinary Shares	14,230	$4.99	D
Stock Option (Right to Buy)	04/14/2024(4)	01/15/2031	Ordinary Shares	44,650	$2.39	D
Stock Option (Right to Buy)	04/15/2025(4)	01/15/2032	Ordinary Shares	35,689	$2.41	D
Stock Option (Right to Buy)	04/15/2026(5)	01/15/2033	Ordinary Shares	56,804	$1.66	D

Explanation of Responses:

1. These shares were issued upon vesting of previously granted RSU's

2. The reported securities were received by the Reporting Person as a pro-rata in-kind distribution from a venture capital fund in which the Reporting Person serves as a GP. The distribution was made without consideration and represents the Reporting Person's allocable share of the fund's holdings

3. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Valens Semiconductor Ltd. (the "Company"). The units vest in four Equal portions on a quarterly basis within 90 days, 180 days, 270 days of the first anniversary of the date of grant (01/15/2026), subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.

4. The Stock Options are Fully vested and immediately exercisable

5. The options vest in four Equal portions on a quarterly basis within 90 days, 180 days, 270 days of the first anniversary of the date of grant (01/15/2026), subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.

Remarks:

This Form 3 is being filed to report the Reporting Person's beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.

	Yahal Zilka by: Oppenheimer Israel, as Attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Valens Semiconductor (VLN) director Zilka Yahal report on this Form 3?

The Form 3 shows that director Zilka Yahal holds multiple blocks of Valens Semiconductor Ordinary Shares directly, including one position of 905,021 shares, plus several grants of stock options over Ordinary Shares at specified exercise prices and expiration dates.

Are there any buy or sell transactions in Valens Semiconductor (VLN) director Zilka Yahal’s Form 3?

No new buy or sell transactions are reported. The entries are classified as holding records with unknown transaction codes, indicating an initial statement of existing ownership positions rather than recent market purchases, sales, or option exercises.

What stock options does Zilka Yahal hold in Valens Semiconductor (VLN)?

Zilka Yahal holds several stock options to acquire Valens Semiconductor Ordinary Shares, with exercise prices from $1.66 to $7.58 per share and expiration dates between 2029 and 2033, all reported as directly owned derivative securities.

How were some of Zilka Yahal’s Valens Semiconductor (VLN) shares acquired?

Footnotes state that some shares were issued upon vesting of previously granted RSUs, while others were received as a pro‑rata in‑kind distribution from a venture capital fund where Yahal serves as general partner, representing the fund’s allocable holdings.

What are the vesting terms for Zilka Yahal’s RSUs and options in Valens Semiconductor (VLN)?

Certain RSUs and options vest in four equal quarterly portions within 90, 180, and 270 days after the first anniversary of the January 15, 2026 grant date, conditioned on Yahal’s continued service to Valens Semiconductor or its subsidiaries through each vesting date.

Are any of Zilka Yahal’s Valens Semiconductor (VLN) options already exercisable?

Yes. One footnote specifies that some stock options are fully vested and immediately exercisable, meaning Yahal can convert those options into Valens Semiconductor Ordinary Shares at the stated exercise price before their respective expiration dates.