Valens Semiconductor (NASDAQ: VLN) CEO details 4M-share option awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Valens Semiconductor Ltd. CEO Yoram Salinger filed an initial ownership report showing holdings of stock options over ordinary shares. He holds three option positions that together cover 4,000,000 ordinary shares, with exercise prices of 2.0000, 3.2500 and 4.2500 and expiration on 2032-12-16.
According to the disclosure, these options vest 25% on the first vesting date of 12/16/2026, with the remaining 75% vesting in twelve equal quarterly installments, contingent on his continued service with the company or its subsidiaries through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Salinger Yoram
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,000,000 shares (Direct)
Footnotes (1)
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FAQ
What does Valens Semiconductor (VLN) CEO Yoram Salinger report in this Form 3?
Yoram Salinger reports his beneficial ownership of stock options over ordinary shares of Valens Semiconductor. The filing lists three option positions covering a total of 4,000,000 underlying ordinary shares, providing a baseline view of his derivative equity exposure as CEO.
What are the exercise prices of Yoram Salinger’s Valens Semiconductor (VLN) stock options?
The filing lists three exercise prices for the stock options: 2.0000, 3.2500 and 4.2500 per underlying ordinary share. Each option series has its own exercise price, defining the cost at which Salinger may acquire Valens Semiconductor ordinary shares if the options are exercised.
When do Yoram Salinger’s Valens Semiconductor (VLN) options expire?
All three reported stock option positions share an expiration date of 2032-12-16. This long-dated expiration means the options could remain exercisable for several years after vesting, subject to the company’s equity plan terms and Salinger’s continued service conditions.
How do Yoram Salinger’s Valens Semiconductor (VLN) options vest over time?
The options vest 25% on the first vesting date, 12/16/2026. The remaining 75% vest in twelve equal quarterly installments, provided Salinger continues serving Valens Semiconductor or its subsidiaries through each vesting date, aligning his incentives with multi-year company performance.
Do the reported Valens Semiconductor (VLN) options require Yoram Salinger’s continued employment to vest?
Yes. Vesting is explicitly conditioned on Salinger’s continued service to Valens Semiconductor or its subsidiaries at each vesting date. If service ends before a scheduled vesting date, the unvested portion would not vest under the described terms, tying equity compensation to ongoing leadership.