Valens Semiconductor (VLN) SVP R&D details initial equity and option holdings
Rhea-AI Filing Summary
Valens Semiconductor Ltd. SVP R&D Chairman David filed an initial statement of beneficial ownership, reporting existing equity holdings in the company. The filing lists stock options over 9,938, 99,695 and 142,500 ordinary shares at exercise prices of 0.8603 and 2.2700, with expirations in 2031 and 2032. It also describes multiple restricted stock unit grants that vest over several years, subject to continued service, along with direct holdings of ordinary shares. The entry reflects current positions rather than new share purchases or sales.
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FAQ
What does the Valens Semiconductor (VLN) Form 3 filing by Chairman David show?
The Form 3 shows Chairman David’s initial reported ownership in Valens Semiconductor. It details existing stock options and ordinary share holdings, plus several restricted stock unit grants that vest over time, rather than any new market purchases or sales.
Did Chairman David buy or sell Valens Semiconductor (VLN) shares in this Form 3?
The Form 3 does not report any new purchases or sales. It records existing holdings, including stock options and restricted stock units, as an initial statement of beneficial ownership for Chairman David at Valens Semiconductor.
What stock options are reported for Chairman David in Valens Semiconductor (VLN)?
The filing lists stock options over 9,938, 99,695 and 142,500 ordinary shares at exercise prices of 0.8603 and 2.2700. These options have expiration dates in 2031 and 2032 and form part of his equity compensation.
How do the RSUs in the Valens Semiconductor (VLN) Form 3 vest?
The RSUs each represent a right to one ordinary share and typically vest 25% on the first vesting date. The remaining 75% then vest in twelve equal quarterly installments, contingent on Chairman David’s continued service to Valens Semiconductor.
What is the significance of a Form 3 for Valens Semiconductor (VLN) insiders?
Form 3 is an initial ownership report for company insiders. For Valens Semiconductor, it establishes Chairman David’s starting positions in shares, options and RSUs, providing transparency before any future reportable transactions occur.