Valens Semiconductor (VLN) SVP details initial share and option stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Valens Semiconductor Ltd. senior vice president of human resources Nelly Elkavets filed an initial ownership report showing her equity position in the company. The Form 3 lists several stock option grants over ordinary shares with exercise prices of $0.75, $0.86 and $2.27, expiring between 2028 and 2032.
The filing also shows direct holdings of ordinary shares, with individual line items including 62,208, 60,501 and 75,000 shares. Footnotes explain that some shares were issued upon vesting of previously granted restricted stock units and that certain options are fully vested and immediately exercisable, while others vest on specified future anniversary dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Elkavets Nelly
Role
SVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 13,293 shares (Direct);
Ordinary Shares — 62,208 shares (Direct)
Footnotes (1)
- These shares were issued upon vesting of previously granted RSU's The shares reported herein were acquired upon the exercise of previously granted stock options The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Valens Semiconductor Ltd. (the "Company"). The units vest 25% on the first Vesting Date (01/18/2024) and the remaining 75% vest in twelve equal quarterly installments thereafter, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Valens Semiconductor Ltd. (the "Company"). The units vest 25% on the first Vesting Date (01/22/2025) and the remaining 75% vest in twelve equal quarterly installments thereafter, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Valens Semiconductor Ltd. (the "Company"). The units vest 25% on the first Vesting Date (01/23/2026) and the remaining 75% vest in twelve equal quarterly installments thereafter, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Valens Semiconductor Ltd. (the "Company"). The units vest 25% on the first Vesting Date (02/24/2027) and the remaining 75% vest in twelve equal quarterly installments thereafter, subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date. The Stock Options are Fully vested and immediately exercisable The Options vest in full on the second year anniversary of the grant (06/26/2027), subject to the Reporting Person's continued service to the Company or its subsidiaries on the vesting date.
FAQ
What does Valens Semiconductor (VLN) disclose in this Form 3?
The Form 3 discloses SVP of Human Resources Nelly Elkavets’ existing equity holdings, including multiple stock option grants and ordinary shares. It establishes her starting ownership position as an insider, rather than reporting new open-market purchases or sales.
What stock options does Nelly Elkavets hold in Valens Semiconductor (VLN)?
She holds several stock option grants over ordinary shares with exercise prices of $0.75, $0.86 and $2.27. These options have expiration dates ranging from 2028 to 2032, reflecting both older and more recent grants under Valens’ equity plans.
What are the vesting terms for Nelly Elkavets’ RSUs at Valens (VLN)?
The Form 3 notes several restricted stock unit grants that each convert into one ordinary share upon vesting. Each grant vests 25% on an initial vesting date, with the remaining 75% vesting in twelve equal quarterly installments, contingent on continued service to Valens or its subsidiaries.
Are any of Nelly Elkavets’ Valens (VLN) stock options fully vested?
Yes. A footnote specifies that certain stock options are fully vested and immediately exercisable. Another grant is scheduled to vest in full on the second anniversary of its grant date, provided she continues her service with Valens Semiconductor or its subsidiaries through that vesting date.