Chairman David 4

What Happened
David, SVP, R&D at Valens Semiconductor Ltd., exercised stock options and sold shares on June 15, 2026. The filing shows two option exercises (4,000 shares @ $0.86 for $3,440; and 4,000 shares reported at $0.00) and an open‑market sale of 4,000 shares at a weighted average price of $2.43 for gross proceeds of $9,730. The transactions were reported on Form 4 filed the next day.

Key Details

• Transaction date: 2026-06-15 (Form 4 filed 2026-06-16 — timely).
• Exercises: 4,000 shares @ $0.86 (cost $3,440) + 4,000 shares reported at $0.00 (both listed as option exercises).
• Sale: 4,000 shares sold @ $2.43 (weighted avg) for $9,730 gross proceeds.
• Shares owned after transaction: not reported in the provided filing details.
• Notable footnotes: transactions were executed under a Rule 10b5‑1 trading plan (adopted Aug 16, 2024); the shares were acquired upon exercise of stock options and some shares sold were those newly exercised; the $2.43 is a weighted average price and full per‑lot detail is available upon request.

Context
The pattern—exercise of options and immediate sale of some shares the same day—is consistent with a cashless exercise where exercised shares are sold to cover costs/taxes. The $0.00 line likely reflects shares used to satisfy exercise price or tax withholding rather than a market sale. The filing notes the sale was made pursuant to a prearranged 10b5‑1 plan, which can explain scheduled sales and reduces the informational value of the sale as a standalone signal of insider sentiment.