LICHTMAN MOSHE 4

What Happened

• Moshe Lichtman, a director of Valens Semiconductor Ltd. (VLN), sold 3,750 shares on April 16, 2026 at $1.47 per share, generating $5,513 in proceeds. The sale was reported on a Form 4 filed April 20, 2026. This was a sale to satisfy tax withholding on vested restricted share units (RSUs), which is generally a routine administrative transaction rather than a market-timed disposition.

Key Details

• Transaction date and price: 2026-04-16 — 3,750 shares at $1.47 each (total $5,513).
• Transaction type: Sale (code S); reported as effected by NGR Ltd. (see footnote).
• Reason/footnote: Shares were withheld and sold by the issuer to satisfy tax withholding obligations related to RSU vesting (Footnote F1).
• Filing: Form 4 filed 2026-04-20 — filed within two business days of the transaction (timely).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Additional note: Footnote F2 states this Form 4 reports only the transaction effected by NGR Ltd.; no other securities transactions by the reporting person were reported here.

Context

• Tax-withholding sales on vesting are common and typically administrative; they do not necessarily indicate the insider is reducing their investment for other reasons. For retail investors, purchases or open-market buys by insiders are generally considered more informative signals of confidence than routine withholding sales.