Riskified (RSKD) Director Shachar Erez Sells Shares

What Happened
Shachar Erez, a director and Managing Partner of Qumra Capital, sold Class A ordinary shares of Riskified in two open‑market transactions executed August 19–20, 2026. He disposed of 139,884 shares at a weighted average price of $6.11 for $854,020 and 157,200 shares at a weighted average price of $5.95 for $935,434, for total proceeds of about $1.79 million. These sales were made pursuant to a Rule 10b5‑1 trading plan.

Key Details

• Transaction dates and prices:
  • 2026-08-19: 139,884 shares, weighted avg price $6.11; proceeds $854,020 (prices ranged $6.04–$6.26 per footnote).
  • 2026-08-20: 157,200 shares, weighted avg price $5.95; proceeds $935,434 (prices ranged $5.90–$6.08 per footnote).
• Total shares sold: 297,084; total proceeds ≈ $1,789,454.
• Holdings after transaction: the filing reports these Class A shares are held by Qumra Capital; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest (see footnotes F3 and F5). The Form 4 does not state a separate personal beneficial holding amount for Mr. Erez.
• Notable footnotes:
  • F1: Sales effected under a 10b5‑1 plan adopted March 16, 2026.
  • F2/F4: Reported prices are weighted averages; multiple execution prices within the ranges above.
  • F3/F5: Shares and RSUs are held by Qumra Capital; Erez is Managing Partner and disclaims beneficial ownership except for any pecuniary interest.
• Filing timeliness: Form filed 2026-08-21 for trades on 2026-08-19 and 08-20—appears to have been filed within the typical Form 4 window (no late-filing flag shown).

Context
These were sales (not purchases or option exercises) executed under a prearranged 10b5‑1 plan, which is commonly used to schedule trades and avoid questions about timing. Because the shares were held and sold through Qumra Capital and the reporting person disclaims beneficial ownership (except for any pecuniary interest), this filing reflects institutional/investment-manager activity rather than a personal insider buy signal.