Valens (VLN) SVP Amir Boim Exercises Options and Sells Shares

What Happened
Amir Boim, SVP of Operations and PMO at Valens Semiconductor (VLN), exercised a total of 9,938 stock options (1,431 on May 28 and 8,507 on May 29, 2026) at $0.86 per share, paying $8,550 in aggregate. He then sold the 9,938 resulting shares the same dates: 1,431 shares sold at $3.50 for $5,009 (May 28) and 8,507 shares sold at $3.55 for $30,200 (May 29), for total gross proceeds of $35,209. The transactions were executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction dates and prices:
  • May 28, 2026: exercised 1,431 options @ $0.86 (cost $1,231); sold 1,431 shares @ $3.50 (proceeds $5,009).
  • May 29, 2026: exercised 8,507 options @ $0.86 (cost $7,319); sold 8,507 shares @ $3.55 (proceeds $30,200).
• Aggregate: 9,938 options exercised for $8,550; 9,938 shares sold for $35,209.
• Footnotes: Sales were made pursuant to a Rule 10b5-1 plan adopted Aug 11, 2025 (F1). Shares were acquired by exercising stock options and sold the same day (F2–F4). Derivative entries at $0.00 reflect the option exercises.
• Shares owned after the transactions are not specified in the provided filing excerpt.
• Filing timing: Form 4 was filed on June 1, 2026 and covers trades on May 28–29, 2026; the filing appears timely under Form 4 reporting rules.

Context
This was an exercise of options followed by same-day sales (a common cashless exercise pattern), and the sales were made under a 10b5-1 plan, indicating they were pre-planned rather than ad hoc insider sales. Such routine option-exercise-and-sell transactions are typically used to cover exercise costs and taxes and are less informative about an officer’s view of the company than outright open-market purchases.