Keilaf Omer David 4
Research Summary
AI-generated summary
Innoviz (INVZ) CEO Keilaf Omer David Transfers Shares (Divorce)
What Happened
Keilaf Omer David, CEO of Innoviz Technologies Ltd. (INVZ), transferred 679,400 ordinary shares and derivative instruments representing the right to purchase an aggregate of 907,511 ordinary shares to his former spouse pursuant to a divorce settlement. All transfers were reported as dispositions at $0.00 per share (no cash consideration). The filing lists the transfers as occurring on July 7, 2026 and was filed with the SEC on July 9, 2026.
Key Details
- Transaction date: July 7, 2026; Form 4 filed July 9, 2026 (appears timely under the two‑business‑day rule).
- Disposed: 679,400 ordinary shares (direct shares) and derivative interests totaling 907,511 shares (reported as separate derivative dispositions). Total consideration reported: $0.
- Footnotes: F1 confirms the transfers (shares + options) were to former spouse Ms. Gali Moscovici pursuant to a divorce settlement; F3 reiterates no consideration was paid.
- Derivative and award details: Footnote F2 describes 916,552 RSUs issuable upon vesting (with detailed vesting schedules across 2022–2029); F5 and F6 describe option grants (Aug 9, 2022 and Aug 1, 2023) with vested and unvested balances and scheduled vesting; F4 notes certain option rights are immediately exercisable.
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
Context
- Transfers incident to divorce are not purchases or sales motivated by market views; they are personal transfers and do not necessarily indicate insider sentiment about the company.
- The filing includes transfers of both vested shares and derivative awards (options/RSUs). RSUs and unvested options have vesting schedules and, for many, vesting is contingent on continued service.
- No cash changed hands (reported $0 consideration), so this is effectively a family/settlement transfer rather than a market sale.