Riskified (RSKD) Director Shachar Erez Sells 100,000 Shares

What Happened
Shachar Erez, a director of Riskified Ltd. (RSKD) and Managing Partner of Qumra Capital, reported two types of transactions. On Sept. 1, 2026 he effected the conversion of 2,359,974 Class B ordinary shares into Class A ordinary shares (a conversion, not a market sale, with no cash proceeds). On Sept. 2, 2026 he sold 100,000 Class A ordinary shares in an open-market transaction for total proceeds of $646,860 at a reported weighted-average price of $6.47 per share (sales occurred at prices ranging $6.15–$6.68).

Key Details

• Transaction dates: Conversion recorded 2026-09-01; open-market sale recorded 2026-09-02.
• Sale details: 100,000 shares sold, weighted-average price $6.47, total proceeds $646,860. Reported price range for the multiple trades was $6.15–$6.68 (footnote F4).
• Conversion details: 2,359,974 Class B → Class A conversion (no cash proceeds) as noted in footnotes F1 and F2.
• Ownership reporting: Many of the Class A and Class B shares (and RSUs) are held by Qumra Capital entities; Erez is a Managing Partner and disclaims beneficial ownership except to the extent of any pecuniary interest (footnotes F3, F5, F6).
• Shares owned after transaction: Not specified on the Form 4.
• Filing timeliness: Form filed 2026-09-03 covering transactions on 2026-09-01/09-02; the filing appears timely (no late-filing flag).

Context

• The conversion was a structural change of share class (Class B → Class A) and is not a purchase or sale that generates cash.
• The 100,000-share sale was an open-market disposition (routine insider selling); the weighted-average price is reported with a range and the filer offers to provide per-trade details on request (F4).
• Because the shares are largely held by Qumra Capital (institutional entities), Erez disclaims direct beneficial ownership except for any pecuniary interest, so these filings reflect both his role and the holdings of associated investment vehicles.