Valens Semiconductor (VLN) director forfeits shares and options in role change
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Valens Semiconductor director Gideon Ben Zvi reported compensation-related forfeitures of equity awards. On May 12, 2026, he forfeited 179,606 Ordinary Shares representing unvested restricted stock units in connection with his change in role from officer to director, with no cash consideration.
On the same date he also forfeited several blocks of unvested stock options, all surrendered to the company without consideration under the award terms. After these transactions he continues to hold 522,548 Ordinary Shares directly, plus remaining vested and/or unexpired options disclosed in the filing. These are non-market dispositions rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Ben Zvi Gideon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 8,750 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 20,859 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 48,670 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 131,123 | $0.00 | -- |
| Disposition | Ordinary Shares | 179,606 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 8,750 shares (Direct, null);
Ordinary Shares — 522,548 shares (Direct, null)
Footnotes (1)
- The reported transaction reflects the forfeiture of unvested restricted stock units in connection with the reporting person's change in role from officer to director. The securities were forfeited without consideration pursuant to the terms of the applicable award agreement. The reported transaction reflects the forfeiture of unvested stock options in connection with the reporting person's cessation of service as an officer of the Company. The securities were forfeited without consideration.
Key Figures
Forfeited RSU shares: 179,606 shares
Shares held after: 522,548 shares
Options forfeited at $2.41: 131,123 options at $2.41/share
+4 more
7 metrics
Forfeited RSU shares
179,606 shares
Unvested Ordinary Shares forfeited on May 12, 2026
Shares held after
522,548 shares
Ordinary Shares directly owned after forfeiture
Options forfeited at $2.41
131,123 options at $2.41/share
Stock options forfeited on May 12, 2026
Options forfeited at $2.39
48,670 options at $2.39/share
Stock options forfeited on May 12, 2026
Options forfeited at $4.99
20,859 options at $4.99/share
Stock options forfeited on May 12, 2026
Options forfeited at $5.36
8,750 options at $5.36/share
Stock options forfeited on May 12, 2026
Options remaining
59,601 options
Stock options directly owned after transactions
Key Terms
restricted stock units, forfeiture, Stock Option (Right to Buy), expiration date
4 terms
restricted stock units financial
"The reported transaction reflects the forfeiture of unvested restricted stock units in connection with the reporting person's change in role"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
forfeiture financial
"The reported transaction reflects the forfeiture of unvested stock options in connection with the reporting person's cessation of service as an officer"
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
expiration date financial
"expiration_date: 2032-01-22T00:00:00.000Z for one stock option grant"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did Valens Semiconductor (VLN) report for Gideon Ben Zvi?
Valens Semiconductor reported that director Gideon Ben Zvi forfeited unvested restricted stock units and stock options back to the company. The equity awards were surrendered without consideration, reflecting changes in his role and compensation rather than open-market buying or selling of shares.
What stock options were cancelled for Valens Semiconductor director Gideon Ben Zvi?
Ben Zvi forfeited multiple unvested stock option grants, including 131,123 options at $2.41, 48,670 at $2.39, 20,859 at $4.99 and 8,750 at $5.36 per share. All options were surrendered to Valens Semiconductor without consideration in connection with changes to his officer position.
Were the Valens Semiconductor equity forfeitures open-market sales?
No. The filing states the equity awards were forfeited without consideration, meaning no sale proceeds were received. These are administrative cancellations of unvested restricted stock units and options under award agreements, not open-market purchases or sales of Valens Semiconductor shares.
Why were Gideon Ben Zvi’s Valens Semiconductor RSUs forfeited?
The footnotes explain that the unvested restricted stock units were forfeited due to his change in role from officer to director. Under the applicable award agreement, those RSUs were cancelled without consideration when his service status as an officer of Valens Semiconductor changed.