Riskified (RSKD) Director Shachar Erez Sells 217,907 Shares

What Happened

• Shachar Erez, a director and Managing Partner of Qumra Capital, reported conversions and open‑market sales. He converted 1,500,000 Class B ordinary shares into Class A ordinary shares on Aug 20, 2026, and sold a total of 217,907 Class A shares in two transactions (115,500 on Aug 21 and 102,407 on Aug 24). The reported proceeds from the two sales total approximately $1,287,082 (weighted average prices $5.89 and $5.92 respectively). The conversion is reported as a derivative conversion (Class B → Class A) and shows no cash paid on conversion.

Key Details

• Transaction dates and amounts:
  • 2026-08-20: Conversion of 1,500,000 Class B → Class A shares (footnotes F1–F2).
  • 2026-08-21: Sale of 115,500 shares at a weighted average price $5.89; proceeds ~$680,699 (prices ranged $5.84–$5.96; F5).
  • 2026-08-24: Sale of 102,407 shares at a weighted average price $5.92; proceeds ~$606,383 (prices ranged $5.88–$5.98; F6).
• Total disclosed sale proceeds: ~ $1,287,082.
• Shares owned after transaction: Not directly disclosed on this Form 4; the reported Class A shares and RSUs are held by Qumra Capital (the Reporting Person is a Managing Partner) and Erez disclaims beneficial ownership except to the extent of any pecuniary interest (F3, F7, F8).
• Notable footnotes: sales were effected under a Rule 10b5‑1 trading plan adopted by Qumra Capital on March 16, 2026 (F4). Conversion mechanics: each Class B converts 1:1 into Class A and may convert automatically on transfer/sale per issuer documents (F1–F2).
• Filing timeliness: Form filed 2026-08-25 for transactions occurring Aug 20–24, 2026 — appears to be filed promptly.

Context

• The conversions represent changing Class B shares into Class A shares (no cash exercise); the subsequent sales were executed under a prearranged 10b5‑1 plan, which generally indicates trades were pre-scheduled rather than opportunistic reactions to news. The Reporting Person is an institutional/partner manager (Qumra Capital) and disclaims direct beneficial ownership of the shares held by those funds, except for any pecuniary interest.