Valens Semiconductor Ltd. (VLN) institutional ownership

This section prints two different share counts. The weighted-average diluted count is the one in the table, the chart and the “Share count change” figure: it is the denominator of earnings per share and it moves with options, convertible securities, losses and timing as well as with shares issued or bought back. Period-end shares outstanding is the count on the last day of each financial year, and it is what the “buyback dollars per share actually removed” figure divides by. The two can move opposite ways in the same year. Neither of them can tell you whether your slice of the company grew or shrank, because these figures are stored as the company most recently filed them and a split is restated only into the earlier years a later filing presents: a three-for-two split raises a share count by half without changing a single holder's percentage, the series keeps that step wherever the restatement stopped, and nothing here separates it from shares genuinely issued. Nothing on this axis is therefore coloured green or red, and no ownership claim is made in either direction.

Coverage of this window: buybacks: 2 of 7 fiscal years (2024-12-31..2025-12-31); stock compensation vs buybacks: compared over the 2 fiscal years both cover (calendar 2024-01-01..2025-12-31), not the full 7

The reported share count jumps by a factor of about 3.0 between FY2021 and FY2022. A company that splits its stock does restate its share counts, but only for the earlier years its later filings actually present, so an unrestated older year can sit beside a restated newer one and leave a step like this one. A split, a listing, a merger that issued shares and a reorganisation that replaced them all leave the same step, and they do not mean the same thing for what a holder owns, so WhoBought makes no claim about which of them happened here.

The baseline stays fixed, so a taller column means more shares on this basis than in the base year. It does not follow that each holder's slice got smaller: these counts are filed as reported, and a company that splits its stock restates only the earlier years its later filings present, so a taller column can be a split that changed nobody's ownership. The split is the share count's own rises and falls; SEC annual figures do not say which shares came from employee grants rather than an equity raise or an acquisition, so this chart does not claim to.