Valens Semiconductor (VLN) SVP discloses options and RSU awards
Rhea-AI Filing Summary
Valens Semiconductor Ltd. executive Segal Adar filed an initial ownership report showing equity awards tied to his role as SVP, Head of Automotive Business. He holds stock options covering 67,500 ordinary shares at an exercise price of $2.27 per share, expiring on June 26, 2032, which vest in full on June 26, 2027 if he continues in service. The filing also notes restricted stock units that vest 25% on January 1, 2026 and 25% on February 24, 2027, with the remaining portions vesting in equal quarterly installments, all contingent on continued employment.
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FAQ
What does Segal Adar’s Form 3 filing show for Valens Semiconductor (VLN)?
Segal Adar’s Form 3 shows his initial equity holdings in Valens Semiconductor Ltd. as an executive. It lists stock options over 67,500 ordinary shares and multiple restricted stock unit grants, all subject to specific vesting schedules tied to continued service.
How many Valens Semiconductor (VLN) shares are covered by Segal Adar’s stock options?
The filing reports stock options covering 67,500 ordinary shares of Valens Semiconductor Ltd. These options have an exercise price of $2.27 per share and expire on June 26, 2032, with vesting in full on June 26, 2027.
What are the key vesting dates for Segal Adar’s RSUs in Valens Semiconductor (VLN)?
The RSUs vest 25% on January 1, 2026 for one grant and 25% on February 24, 2027 for another. The remaining 75% of each grant vests in twelve equal quarterly installments, contingent on continued service.
Are Segal Adar’s equity awards at Valens Semiconductor (VLN) tied to continued employment?
Yes. Both the RSUs and stock options require his continued service with Valens Semiconductor Ltd. or its subsidiaries through each vesting date. If service ends before vesting, unvested portions would not be earned under these terms.
What is the exercise price and expiration for Segal Adar’s Valens Semiconductor (VLN) stock options?
The stock options have an exercise price of $2.27 per ordinary share and an expiration date of June 26, 2032. They are scheduled to vest in full on June 26, 2027, assuming continued employment.