RISKIFIED (RSKD) Director Kishon Eyal Converts 1.43M Shares

What Happened

• Kishon Eyal, a director of RISKIFIED Ltd. (RSKD), reported the conversion of 1,428,474 Class B ordinary shares into 1,428,474 Class A ordinary shares on May 18, 2026. The Form 4 shows the acquisition of the Class A shares (conversion) and the corresponding disposition of the Class B shares; no cash was exchanged in the transaction (disposition price reported as $0.00).
• This was a conversion of share class (administrative/capital-structure action), not a purchase or open-market sale. Conversions typically do not signal a change in economic exposure beyond the change in share class.

Key Details

• Transaction date: May 18, 2026. Form 4 filed: May 21, 2026 (filed three days after the transaction; this may be one day beyond the typical two-business-day reporting window).
• Shares converted: 1,428,474 Class B → 1,428,474 Class A. Reported disposition price: $0.00 (no cash proceeds).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1–F2: Confirms conversion represents Class B → Class A; each Class B converts one-for-one and can be converted at the holder’s option or automatically on certain transfers.
  • F3 & F6: Some Class A/Class B shares are held by G.P.R. SPV 2; the reporting person disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.
  • F4: Reporting person also holds Class A shares and outstanding RSUs (each RSU converts to one Class A upon vesting).
  • F5: Some Class A shares are held by Kish Family Ltd., controlled by the reporting person.

Context

• This was a derivative conversion (Class B → Class A). The filing records both the acquisition of Class A shares and the disposition of Class B shares with $0 cash consideration because conversion is not a market sale.
• Such conversions are generally administrative/corporate-structure events rather than directional insider trades; they do not necessarily indicate a change in the insider’s market view.