# EDGAR Filing Document

**Accession Number:** 0001992355
**File Stem:** 0001178913-25-003944
**Filing Date:** 2025-11
**Character Count:** 26457
**Document Hash:** bd31ccc5efd7951e8e2cca8d271bd096
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-25-003944.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001178913-25-003944

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Valens Semiconductor Ltd.
- **CENTRAL INDEX KEY:** 0001863006
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92929
- **FILM NUMBER:** 251512031

**BUSINESS ADDRESS:**
- **STREET 1:** 8 HANAGAR ST. POB 7152
- **CITY:** HOD HASHARON, 4501309
- **STATE:** L3
- **ZIP:** 00000
- **BUSINESS PHONE:** 972-9-762-6900

**MAIL ADDRESS:**
- **STREET 1:** 8 HANAGAR ST. POB 7152
- **CITY:** HOD HASHARON, 4501309
- **STATE:** L3
- **ZIP:** 00000
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Value Base Ltd.
- **CENTRAL INDEX KEY:** 0001992355

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 23 YEHUDA HALEVI ST.
- **STREET 2:** 27TH FLOOR, DISCOUNT BANK TOWER
- **CITY:** TEL AVIV
- **STATE:** L3
- **ZIP:** 6513601
- **BUSINESS PHONE:** 972-3-622-3381

**MAIL ADDRESS:**
- **STREET 1:** 23 YEHUDA HALEVI ST.
- **STREET 2:** 27TH FLOOR, DISCOUNT BANK TOWER
- **CITY:** TEL AVIV
- **STATE:** L3
- **ZIP:** 6513601

## Ex-4

------

<u>**Schedule A**</u><br>

For the period beginning 60 days prior to the event which requires the filing of this Schedule 13D, VBF GP on behalf of VBF LP purchased the following Ordinary Shares, with each purchase effected in an ordinary brokerage transaction on either Nasdaq or the Tel Aviv Stock Exchange. For purchases effected in Israeli shekels on the Tel Aviv Stock Exchange, the prices below reflect the price paid on the relevant trade date in U.S. dollars based upon the representave exchange rate published by the Bank of Israel for such date.<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Date** | **Buy/Sell** | **Exchange** | **Currency** | **Qty** | **Price Per Share (USD)** |
| November 21, 2025 | Buy | NYSE | USD | 300,000 | 1.50 |
| November 20, 2025 | Buy | NYSE | USD | &nbsp;&nbsp;&nbsp;&nbsp;264,978 | 1.46 |

---

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Valens Semiconductor Ltd.**

*(Name of Issuer)*

**Ordinary shares, no par value**

*(Title of Class of Securities)*

**M9607U115**

*(CUSIP Number)*

**Value Base Ltd.**<br>23 Yehuda Halevi St.<br>c/o Tsahy Alon, General Counsel<br>Tel-Aviv L3 6513601<br>972-3-622-3381

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/20/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **M9607U115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Value Base Ltd.** | Name of reporting person<br>**Value Base Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**L3** | Citizenship or place of organization<br>**L3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**21299896.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**21299896.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.79%** | Percent of class represented by amount in Row (11)<br>**20.79%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Percentage reported in Item 13 above is based on 102,365,516 ordinary shares outstanding (which excludes 9,453,819 treasury shares) as of November 10, 2025 (as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the Securities and Exchange Commission (the "SEC") on November 10, 2025).

| **CUSIP No.** | **M9607U115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Value Base Fund Management Ltd. for Value Base Fund General Partner Ltd., acting as the general partner to Value Base Fund Limited Partnership** | Name of reporting person<br>**Value Base Fund Management Ltd. for Value Base Fund General Partner Ltd., acting as the general partner to Value Base Fund Limited Partnership** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**L3** | Citizenship or place of organization<br>**L3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**21299896.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**21299896.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.79%** | Percent of class represented by amount in Row (11)<br>**20.79%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Percentage reported in Item 13 above is based on 102,365,516 ordinary shares outstanding (which excludes 9,453,819 treasury shares) as of November 10, 2025 (as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the SEC on November 10, 2025).

| **CUSIP No.** | **M9607U115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Value Base Invest Management Ltd., acting for itself and as the general partner to Value Base Fund Invest 1, Limited Partnership** | Name of reporting person<br>**Value Base Invest Management Ltd., acting for itself and as the general partner to Value Base Fund Invest 1, Limited Partnership** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**L3** | Citizenship or place of organization<br>**L3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**21299896.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**21299896.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.79%** | Percent of class represented by amount in Row (11)<br>**20.79%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Percentage reported in Item 13 above is based on 102,365,516 ordinary shares outstanding (which excludes 9,453,819 treasury shares) as of November 10, 2025 (as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the SEC on November 10, 2025).

| **CUSIP No.** | **M9607U115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ido Nouberger** | Name of reporting person<br>**Ido Nouberger** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**L3** | Citizenship or place of organization<br>**L3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**21299896.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**21299896.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.79%** | Percent of class represented by amount in Row (11)<br>**20.79%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage reported in Item 13 above is based on 102,365,516 ordinary shares outstanding (which excludes 9,453,819 treasury shares) as of November 10, 2025 (as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the SEC on November 10, 2025).

| **CUSIP No.** | **M9607U115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Victor Shamrich** | Name of reporting person<br>**Victor Shamrich** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**L3** | Citizenship or place of organization<br>**L3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**21299896.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**21299896.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.79%** | Percent of class represented by amount in Row (11)<br>**20.79%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage reported in Item 13 above is based on 102,365,516 ordinary shares outstanding (which excludes 9,453,819 treasury shares) as of November 10, 2025 (as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the SEC on November 10, 2025).

| **CUSIP No.** | **M9607U115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Tal Yaacobi** | Name of reporting person<br>**Tal Yaacobi** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**L3** | Citizenship or place of organization<br>**L3** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**21299896.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**21299896.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | Aggregate amount beneficially owned by each reporting person<br>**21299896.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**20.79%** | Percent of class represented by amount in Row (11)<br>**20.79%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percentage reported in Item 13 above is based on 102,365,516 ordinary shares outstanding (which excludes 9,453,819 treasury shares) as of November 10, 2025 (as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the SEC on November 10, 2025).

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Ordinary shares, no par value

**(b) Name of Issuer:**
Valens Semiconductor Ltd.

**(c) Address of Issuer's Principal Executive Offices:**
8 Hanagar St., POB 7152, Hod Hasharon, L3, 4501309

This Amendment No. 3 (the "Amendment") amends the statement on Schedule 13D originally filed by the Reporting Persons on July 23, 2024, as amended by Amendment No. 1 thereto filed on August 8, 2024 and as amended by Amendment No. 2 thereto filed on January 30, 2025 (the "Schedule 13D"). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Schedule 13D. Except as otherwise provided herein, each Item of this Schedule 13D remains unchanged. This Schedule 13D relates to the ordinary shares, no par value (the "Ordinary Shares"), of Valens Semiconductor Ltd., a company incorporated in Israel ("Valens", the "Company" or the "Issuer").

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is amended to add the following: 

In consideration for Mr. Yaacobi's services as a director, the Issuer made certain equity grants to Mr. Yaacobi on March 12, 2025 through a company wholly-owned by Mr. Yaacobi. These equity grants were as follows: (1) A total of 35,689 options to purchase Ordinary Shares of the Issuer (the "Options"), granted pursuant to the Issuer's 2021 Share Incentive Plan. The Options have an exercise price of U.S. $2.410 and vest over one year in equal quarterly installments, beginning on April 15, 2025. The Options do not have voting rights, cannot be transferred and, prior to vesting, will terminate upon termination of service to the Issuer. (2) A total of 25,630 restricted stock units of the Issuer (the "RSUs"), granted pursuant to the Issuer's 2021 Share Incentive Plan. Upon vesting, Mr. Yaacobi will be issued one Ordinary Share for each RSU. The RSUs vest over one year in equal quarterly installments, beginning on April 15, 2025. Prior to vesting, the RSUs cannot be transferred and will terminate upon termination of service to the Issuer. Pursuant to his existing management agreement with Value Base, Mr. Yaacobi will assign to Value Base all Ordinary Shares received following the exercise of the Options or the vesting of the RSUs, which will be allocated to VBF LP and VBFI GP pro rata in relation to the holdings of each limited partnership, respectively.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the Schedule 13D is amended and restated as follows:

As of November 21, 2025, VBF GP may be deemed to be the beneficial owner of the 11,027,139 Ordinary Shares held directly by VBF LP, which represent approximately 10.77% of the number of Ordinary Shares outstanding. 

As of November 21, 2025, VBFI GP may be deemed to be the beneficial owner of the 10,190,530 Ordinary Shares held directly by VBFI LP, and 12,495 Ordinary Shares held directly by VBFI GP, which together aggregate to 10,203,025 Ordinary Shares representing approximately 9.97% of the number of Ordinary Shares outstanding. 

As of November 21, 2025, Value Base, as the controlling shareholder of VBF GP and VBFI GP, may be deemed the indirect beneficial owner of 11,027,139 and 10,203,025 Ordinary Shares beneficially owned by VBF GP and VBFI GP, respectively, which together aggregate to 21,230,164 Ordinary Shares representing approximately 20.74% of the number of Ordinary Shares outstanding.

As of November 21, 2025, Mr. Shamrich, who together with Mr. Nouberger controls Value Base, may be deemed the indirect beneficial owner of 21,230,164 Ordinary Shares beneficially owned by Value Base, representing approximately 20.74% of the number of Ordinary Shares outstanding.

As of November 21, 2025, Mr. Nouberger, who together with Mr. Shamrich controls Value Base, may be deemed to be the indirect beneficial owner of 21,230,164 Ordinary Shares beneficially owned by Value Base, representing approximately 20.74% of the number of Ordinary Shares outstanding.

As of November 21, 2025, Mr. Yaacobi may be deemed the beneficial owner of 69,732 Ordinary Shares as a result of either restricted stock units of the Issuer that vest within 60 days of November 21, 2025 or options to purchase Ordinary Shares of the Issuer that are currently exercisable or exercisable within 60 days of November 21, 2025, which represent approximately 0.07% of the number of Ordinary Shares outstanding. 

Because the Reporting Persons named in this Schedule 13D may be deemed to constitute a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act"), each of Value Base, VBF GP, VBFI GP, Mr. Nouberger, Mr. Shamrich and Mr. Yaacobi may share the power to vote, or direct the voting of, and share the power to dispose of, or direct the disposition of, the 102,435,248 Ordinary Shares held in the aggregate by the Reporting Persons, which represent approximately 20.79% of the number of Ordinary Shares outstanding.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

The Reporting Persons may be deemed to constitute a "group" for purposes of Section 13(d) of the Exchange Act. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that a group exists for purposes of Schedule 13(d) of the Exchange Act or for any other purpose, and each Reporting Person disclaims the existence of any such group.

 Percentages set forth in this Schedule 13D were calculated based on 102,365,516 ordinary shares outstanding (which excludes 9,453,819 treasury shares) as of November 10, 2025 (as reported in Exhibit 99.1 of the Issuer's Form 6-K filed with the SEC on November 10, 2025).

**(b)**
The information set forth in Item 5(a) is incorporated herein by reference.

**(c)**
Information concerning transactions in the Ordinary shares effected by the Reporting Persons during the past sixty (60) days or since the most recent filing on Schedule 13D, whichever is less, is set forth in Schedule A hereto and is incorporated herein by reference.

In addition to the above, during the past sixty (60) days or since the most recent filing on Schedule 13D, whichever is less, the trustee appointed by the Issuer to hold awards under the Issuer's 2021 Share Incentive Plan sold 3,399 of the Ordinary Shares received upon vesting of certain of the RSUs held by Mr. Yaacobi in order to satisfy tax withholding obligations of Mr. Yaacobi. 

Except as described above or as otherwise set forth in this Amendment, to the best of the Reporting Persons' knowledge none of the persons named in Item 2 effected any other transactions in the Ordinary Shares during the past sixty (60) days or since the most recent filing on Schedule 13D, whichever is less.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Schedule 13D is amended to add the following:

The information set forth in Item 4 is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Value Base Ltd.

**Signature:** /s/ Ido Nouberger

**Name/Title:** Ido Nouberger/CEO

**Date:** 11/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Value Base Fund Management Ltd. for Value Base Fund General Partner Ltd., acting as the general partner to Value Base Fund Limited Partnership

**Signature:** /s/ Ido Nouberger*

**Name/Title:** Ido Nouberger/Director

**Date:** 11/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Value Base Invest Management Ltd., acting for itself and as the general partner to Value Base Fund Invest 1, Limited Partnership

**Signature:** /s/ Ido Nouberger**

**Name/Title:** Ido Nouberger/Director

**Date:** 11/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ido Nouberger

**Signature:** /s/ Ido Nouberger

**Name/Title:** Ido Nouberger

**Date:** 11/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Victor Shamrich

**Signature:** /s/ Victor Shamrich

**Name/Title:** Victor Shamrich

**Date:** 11/24/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Tal Yaacobi

**Signature:** /s/ Tal Yaacobi

**Name/Title:** Tal Yaacobi

**Date:** 11/24/2025