Valens Semiconductor (VLN) director sells shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valens Semiconductor director Adi Yarel‑Toledano exercised stock options and sold the resulting shares in routine, pre-planned trades. On May 28–29, the director exercised options for a total of 22,325 Ordinary Shares at $2.39 per share and sold the same number of shares in open-market transactions at weighted average prices around $3.50–$3.53.
The filing states these sales were made under a Rule 10b5‑1 trading plan adopted on December 1, 2025, indicating they were pre-scheduled. After the transactions, the director directly holds 164,253 Ordinary Shares of Valens Semiconductor.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 22,325 shares ($78,709)
Net Sell
6 txns
Insider
Yarel - Toledano Adi
Role
null
Sold
22,325 shs ($79K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 17,225 | $0.00 | -- |
| Exercise | Ordinary Shares | 17,225 | $2.39 | $41K |
| Sale | Ordinary Shares | 17,225 | $3.5332 | $61K |
| Exercise | Stock Option (Right to Buy) | 5,100 | $0.00 | -- |
| Exercise | Ordinary Shares | 5,100 | $2.39 | $12K |
| Sale | Ordinary Shares | 5,100 | $3.50 | $18K |
Holdings After Transaction:
Stock Option (Right to Buy) — 22,325 shares (Direct, null);
Ordinary Shares — 181,478 shares (Direct, null)
Footnotes (1)
- The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 1, 2025 The shares were acquired upon the exercise of stock options The shares sold were acquired upon the exercise of stock options on the same date The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request. The options reported herein were exercised and the underlying shares were sold on the same date as reported in Table I.
Key Figures
Shares sold: 22,325 shares
Sale prices: $3.50 and $3.5332 per share
Option exercise price: $2.39 per share
+4 more
7 metrics
Shares sold
22,325 shares
Total Ordinary Shares sold in open-market transactions
Sale prices
$3.50 and $3.5332 per share
Weighted average prices for May 28 and May 29 sales
Option exercise price
$2.39 per share
Exercise price for stock options converted into Ordinary Shares
Shares exercised
22,325 shares
Ordinary Shares acquired through stock option exercises
Post-transaction holdings
164,253 shares
Ordinary Shares directly held after all reported trades
Option expiration
January 15, 2031
Expiration date for the reported stock options
Rule 10b5-1 plan adoption date
December 1, 2025
Date director adopted trading plan used for these sales
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy), derivative security, weighted average price
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" with underlying Ordinary Shares"
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average price financial
"The price reported is a weighted average price. The reporting person undertakes to provide full information..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did Valens Semiconductor (VLN) disclose in this Form 4?
Valens Semiconductor reported that director Adi Yarel‑Toledano exercised stock options and sold the resulting shares. The director exercised options for 22,325 Ordinary Shares and sold the same number of shares in open-market trades over two days.
Were the Valens Semiconductor (VLN) insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote explains the sales were carried out pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on December 1, 2025. Such pre-arranged plans typically indicate the timing of trades was scheduled in advance.
What option exercise activity did the Valens Semiconductor (VLN) director report?
The filing shows the director exercised stock options covering 22,325 Ordinary Shares at an exercise price of $2.39 per share. A footnote notes that the shares were acquired upon the exercise of stock options and then sold on the same dates.
What does the weighted average price disclosure mean in this Valens Semiconductor (VLN) Form 4?
A footnote states the reported prices are weighted average prices for multiple trades. The reporting person undertakes to provide full information on the number of shares and specific trade prices to anyone who requests these detailed transaction breakdowns.