Riskified (RSKD) Director Shachar Erez Sells Shares

What Happened
Shachar Erez, a director and Managing Partner of Qumra Capital, disposed of 27,600 Class A ordinary shares in Riskified (RSKD) on July 20, 2026. The shares were sold at a weighted average price of $5.27 per share (range $5.25–$5.30), producing proceeds of approximately $145,444. The sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by Qumra Capital on March 16, 2026 — a prearranged plan that typically indicates the trades were planned in advance.

Key Details

• Transaction date: July 20, 2026 (reported on Form 4 filed July 22, 2026).
• Type: Sale (open market/private sale), code S.
• Shares sold: 27,600; weighted average price: $5.27; price range: $5.25–$5.30.
• Reported proceeds: $145,444 (approx.).
• Holdings after transaction: The filing does not list a simple personal share total. The shares and RSUs are reported as held by Qumra Capital; Erez is a Managing Partner and disclaims beneficial ownership except to the extent of any pecuniary interest (see footnotes F3–F4).
• Notable footnotes: F1 — sale executed under a 10b5‑1 plan adopted March 16, 2026; F2 — price is a weighted average across multiple transactions (range provided); F3–F4 — holdings are held by Qumra Capital and RSUs are held for Qumra’s benefit; Erez disclaims beneficial ownership except for any pecuniary interest.
• Timeliness: Filed July 22, 2026 for a July 20 transaction (filed within the normal Form 4 reporting window).

Context
This was a planned sale through an institutional vehicle (Qumra Capital) under a 10b5‑1 plan; such sales are commonly prearranged and do not necessarily signal a change in the insider’s view of the company. The filing does not indicate option exercises, awards, or gifts in this transaction. The reported proceeds (~$145k) are modest relative to many insider transactions, and the reporting person disclaims direct beneficial ownership of the shares held by Qumra Capital, other than any pecuniary interest.