FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Zilka Yahal
(Last) (First) (Middle)
3 ROTHSCHILD BLVD.
3RD FLOOR
(Street)
TEL AVIV
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
Valens Semiconductor Ltd. [ VLN ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares 97,059 (1)
D
 
Ordinary Shares 905,021 (2)
D
 
Ordinary Shares 47,847 (3)
D
 
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 04/15/2022 (4) 01/15/2029 Ordinary Shares 14,230 7.58 D  
Stock Option (Right to Buy) 04/15/2023 (4) 01/14/2030 Ordinary Shares 14,230 4.99 D  
Stock Option (Right to Buy) 04/14/2024 (4) 01/15/2031 Ordinary Shares 44,650 2.39 D  
Stock Option (Right to Buy) 04/15/2025 (4) 01/15/2032 Ordinary Shares 35,689 2.41 D  
Stock Option (Right to Buy) 04/15/2026 (5) 01/15/2033 Ordinary Shares 56,804 1.66 D  
Explanation of Responses:
1. These shares were issued upon vesting of previously granted RSU's
2. The reported securities were received by the Reporting Person as a pro-rata in-kind distribution from a venture capital fund in which the Reporting Person serves as a GP. The distribution was made without consideration and represents the Reporting Person's allocable share of the fund's holdings
3. 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 in four Equal portions on a quarterly basis within 90 days, 180 days, 270 days of the first anniversary of the date of grant (01/15/2026), subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
4. The Stock Options are Fully vested and immediately exercisable
5. The options vest in four Equal portions on a quarterly basis within 90 days, 180 days, 270 days of the first anniversary of the date of grant (01/15/2026), subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
Remarks:
This Form 3 is being filed to report the Reporting Person's beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.
Yahal Zilka by: Oppenheimer Israel, as Attorney-in-fact 03/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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