SCHEDULE 13G/A 0001907618 XXXXXXXX LIVE 3 ORDINARY SHARES, NO PAR VALUE 12/31/2023 0001863006 Valens Semiconductor Ltd. M9607U115 8 Hanagar St. POB 7152 Hod Hasharon L3 4501309 Rule 13d-1(d) Yahal Zilka X1 962892.00 14.00 962892.00 14.00 962906.00 N 0.9 IN Modi Rosen L3 905020.00 14.00 905020.00 14.00 905034.00 N 0.9 IN Magma Venture Partners General Partner Ltd. L3 0.00 14.00 0.00 14.00 14.00 N 0.0 PN Magma Venture Capital Management II, LP E9 0.00 14.00 0.00 14.00 14.00 N 0.0 PN Magma Venture Capital II (Israel), L.P. E9 0.00 0.00 0.00 0.00 0.00 N 0 PN Magma Venture Capital II L.P. E9 0.00 0.00 0.00 0.00 0.00 N 0 PN Magma Venture Capital II CEO Fund, L.P E9 14.00 0.00 14.00 0.00 14.00 N 0.0 PN Valens Co Investment Fund L.P. E9 0.00 0.00 0.00 0.00 0.00 N 0.0 PN Valens Semiconductor Ltd. 8 Hanagar St. POB 7152, Hod Hasharon 4501309, Israel (a) Magma Venture Capital II (Israel), L.P. ("Magma II (Israel)"); (b) Magma Venture Capital II L.P. ("Magma II"); (c) Magma Venture Capital II CEO Fund, L.P. ("Magma II CEO"); (d) Valens Co Investment Fund L.P. ("Valens Investment Fund") (e) Magma Venture Capital Management II L.P. ("Magma Management II"), the sole general partner of Magma II (Israel), Magma II and Magma II CEO and the co-general partner of Valens Investment Fund; (f) Magma Venture Partners General Partner Ltd. ("Magma General Partner"), the sole general partner of Magma Management II; (g) Yahal Zilka, the beneficial owner of 50% of the shares of Magma General Partner; and (h) Modi Rosen, the beneficial owner of 50% of the shares of Magma General Partner. Magma II (Israel), Magma II, Magma II CEO, Valens Investment Fund, Magma Management II, Magma General Partner, Yahal Zilka and Modi Rosen are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons". This Amendment No. 3 to Schedule 13G is being filed for the sole purpose of correcting the beneficial ownership of ordinary shares, no par value, of the Issuer ("Ordinary Shares") by Yahal Zilka and Modi Rosen as of December 31, 2023 as compared to what was reported in Amendment No. 2 to the Schedule 13G, filed by the Reporting Persons on February 13, 2024. Specifically, this Amendment No. 3 reports that as of December 31, 2023, Yahal Zilka beneficially owned an aggregate of 962,906 Ordinary Shares and Modi Rosen beneficially owned an aggregate of 905,034 Ordinary Shares. No other changes have been made herein to the holdings of any of the Reporting Persons as reported in Amendment No. 2. The address of the principal business office of each of the Reporting Persons: c/o 22 Rothschild Blvd. 25th floor Tel Aviv, 6688218, Israel Yahal Zilka -- Israel and United States of America Modi Rosen -- Israel Magma General Partner -- Israel Magma Management II -- Cayman Islands Magma II (Israel) -- Cayman Islands Magma II -- Cayman Islands Magma II CEO -- Cayman Islands Valens Investment Fund -- Cayman Islands Y As of December 31, 2023: Yahal Zilka: 962,906 Ordinary Shares Modi Rosen: 905,034 Ordinary Shares Magma General Partner -- 14 Ordinary Shares Magma Management II -- 14 Ordinary Shares Magma II (Israel) -- 0 Ordinary Shares Magma II -- 0 Ordinary Shares Magma II CEO -- 14 Ordinary Shares Valens Investment Fund -- 0 Ordinary Shares The percentages appearing in this Amendment No. 3 to Schedule 13G are based on a total of 103,735,618 Ordinary Shares outstanding as of October 16, 2023, as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to the Issuer's Report of Foreign Private Issuer on Form 6-K, furnished by the Issuer to the SEC on October 17, 2023. As of December 31, 2023: Yahal Zilka: 0.9% Modi Rosen: 0.9% Magma General Partner -- 0% Magma Management II -- 0% Magma II (Israel) -- 0% Magma II -- 0% Magma II CEO -- 0% Valens Investment Fund -- 0% See Cover Pages- Row 5. See Cover Pages- Row 6. See Cover Pages- Row 7. See Cover Pages- Row 8. N Y Y Y Y Y Y Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (incorporated by reference to Exhibit 1 to the original Schedule 13G filed by the Reporting Persons on February 8, 2022) Yahal Zilka /s/ Yahal Zilka 04/02/2025 Modi Rosen /s/ Modi Rosen 04/02/2025 Magma Venture Partners General Partner Ltd. /s/ Yahal Zilka 04/02/2025 /s/ Modi Rosen 04/02/2025 Magma Venture Capital Management II, LP /s/ Yahal Zilka and Modi Rosen 04/02/2025 Magma Venture Capital II (Israel), L.P. /s/ Yahal Zilka and Modi Rosen 04/02/2025 Magma Venture Capital II L.P. /s/ Yahal Zilka and Modi Rosen 04/02/2025 Magma Venture Capital II CEO Fund, L.P /s/ Yahal Zilka and Modi Rosen 04/02/2025 Valens Co Investment Fund L.P. /s/ Yahal Zilka and Modi Rosen 04/02/2025