Sheridan James J. III 4

What Happened James J. Sheridan III, a director of Innoviz Technologies Ltd. (INVZ), received a grant of 110,668 Restricted Share Units (RSUs) on May 13, 2026. The Form 4 reports the acquisition at $0.00 (no exercise price); the RSUs are a contingent right to receive one ordinary share each and were reported as an award rather than a purchase or sale.

Key Details

• Transaction date: 2026-05-13; reported filing date: 2026-05-15 (timely Form 4).
• Grant: 110,668 RSUs; reported acquisition price $0.00 (RSUs have no exercise price).
• Vesting: RSUs fully vest on April 5, 2027, subject to Sheridan remaining a service provider on that date (Footnote F1).
• Shares currently held: 234,329 ordinary shares held directly by Mr. Sheridan, plus 82,400 ordinary shares held by Perception Capital Partners, LLC (he is a director appointed by that entity and may be deemed beneficial owner) — in addition to the 110,668 unvested RSUs (Footnote F2).
• Filing timeliness: Reported within standard Form 4 window; not indicated as late.

Context RSUs are awards that convert into ordinary shares upon vesting; this grant does not immediately add tradable shares to Sheridan's holdings and carries no exercise cost. Awards like this are common for director compensation and do not, by themselves, indicate an immediate buy or sell signal.