RISKIFIED (RSKD) Director Shachar Erez Sells Shares

What Happened
Shachar Erez, a Director and Managing Partner of Qumra Capital, reported sales of RISKIFIED Ltd. (RSKD) Class A ordinary shares in open-market transactions. On 2026-07-16 he sold 78,800 shares at a weighted average price of $5.11 for $402,826, and on 2026-07-17 he sold 7,909 shares at a weighted average price of $5.19 for $41,038 — a total of 86,709 shares for approximately $443,864. These sales were executed pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction dates and prices:
  • 2026-07-16: 78,800 shares @ $5.11 (weighted avg) = $402,826
  • 2026-07-17: 7,909 shares @ $5.19 (weighted avg) = $41,038
  • Footnote ranges: one sale batch priced between $5.05–$5.18; the other between $5.08–$5.26 (report uses weighted averages).
• Shares owned after transaction: Not specified in the excerpted filing; the reported shares were held by Qumra Capital (see next point).
• Footnotes of note:
  • F1: Sales were effected under a 10b5-1 trading plan adopted March 16, 2026.
  • F3 & F5: The reported Class A shares and RSUs are held by Qumra Capital; Erez is a Managing Partner and disclaims beneficial ownership except for any pecuniary interest.
  • F2 & F4: Prices are weighted averages across multiple transactions; the filer will provide per-price breakdown on request.
• Timeliness: Trades occurred on July 16–17 and the Form 4 was filed July 21 — this is after the usual two-business-day reporting window and appears to be late.

Context
These were sell transactions executed by an institutional vehicle (Qumra Capital) under a prearranged 10b5-1 plan. Such planned sales are typically scheduled in advance and do not necessarily indicate a change in the insider’s view of the company. Erez’s filing also indicates he disclaims direct beneficial ownership of the shares held by Qumra Capital, aside from any pecuniary interest.