Innoviz (NASDAQ: INVZ) CEO shifts 679K shares, 907K options to ex-spouse
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innoviz Technologies Ltd. director and Chief Executive Officer Omer David Keilaf reported a non-market reallocation of his holdings tied to a divorce settlement. He transferred 679,400 ordinary shares and options to purchase an additional 907,511 ordinary shares to his former spouse, Gali Moscovici, for no consideration. Following the transfer, he directly holds 2,826,531 ordinary shares, plus remaining share options and restricted share units that continue to vest over several years, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Keilaf Omer David
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Share Option | 510,222 | $0.00 | -- |
| Other | Share Option | 342,408 | $0.00 | -- |
| Other | Share Option | 29,240 | $0.00 | -- |
| Other | Share Option | 25,641 | $0.00 | -- |
| Other | Ordinary Shares | 679,400 | $0.00 | -- |
Holdings After Transaction:
Share Option — 510,222 shares (Direct, null);
Ordinary Shares — 2,826,531 shares (Direct, null)
Footnotes (1)
- Represents a transfer of an aggregate of 679,400 ordinary shares and options to purchase an aggregate of 907,511 ordinary shares from the Reporting Person to his former spouse, Ms. Gali Moscovici, for no consideration, pursuant to a divorce settlement. The transferred ordinary shares consist of shares previously issued to the Reporting Person upon vesting and settlement of restricted share units, and the transferred options are reported in Table II. The amount includes 916,552 ordinary shares issuable upon vesting of restricted share units ("RSUs"); of which (a) 7,798 RSUs granted August 9, 2022, vesting in equal quarterly installments through 2026; (b) 36,630 RSUs granted August 1, 2023, vesting quarterly through 2027; (c) 62,978 RSUs granted February 27, 2024, with 10,674 vesting quarterly through 2027 and 52,304 vesting quarterly through 2028; (d) 54,531 RSUs granted August 20, 2024, vesting quarterly through 2028; (e) 75,251 RSUs granted February 25, 2025, vesting quarterly through 2029; (f) 562,500 RSUs granted May 26, 2025, vesting quarterly through 2029; and (g) 116,864 RSUs granted August 5, 2025, one-fourth vesting on August 5, 2026, remainder vesting quarterly through 2029. Vesting is subject to the Reporting Person remaining a service provider of the Issuer on each applicable vesting date. Each RSU represents a contingent right to receive one ordinary share. No consideration was paid in connection with the transfer. No exercise price is applicable. Immediately exercisable. Share options granted on August 9, 2022. The balance reported includes 58,480 vested options and 5,848 unvested options, which shall vest in equal quarterly installments through 2026, subject to the Reporting Person remaining a service provider of the Issuer on each applicable vesting date. Share options granted on August 1, 2023. The balance reported includes 54,945 vested options and 36,630 unvested options, which shall vest in equal quarterly installments through 2027, subject to the Reporting Person remaining a service provider of the Issuer on each applicable vesting date.
Key Figures
Ordinary shares transferred: 679,400 shares
Options transferred: 907,511 underlying shares
Shares held after transfer: 2,826,531 shares
+5 more
8 metrics
Ordinary shares transferred
679,400 shares
Transferred to former spouse under divorce settlement
Options transferred
907,511 underlying shares
Options to purchase ordinary shares moved to former spouse
Shares held after transfer
2,826,531 shares
CEO’s direct ordinary share holdings following the transaction
Restructuring total
1,586,911 shares
Aggregate shares and option equivalents in restructuring transactions
RSUs outstanding
916,552 shares
Ordinary shares issuable upon RSU vesting through 2029
Option strike price
$4.03 per share
Share option with expiration on 2030-08-01
Option strike price
$5.23 per share
Share option with expiration on 2029-08-09
Option strike price
$11.50 per share
Share option expiring 2028-05-12
Key Terms
restricted share units ("RSUs"), divorce settlement, share options, vesting, +2 more
6 terms
divorce settlement financial
"from the Reporting Person to his former spouse, Ms. Gali Moscovici, for no consideration, pursuant to a divorce settlement."
vesting financial
"RSUs granted August 9, 2022, vesting in equal quarterly installments through 2026..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
immediately exercisable financial
"Immediately exercisable."
exercise price financial
"No consideration was paid in connection with the transfer. No exercise price is applicable."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Innoviz Technologies (INVZ) CEO Omer Keilaf report in this Form 4?
He reported a transfer of 679,400 ordinary shares and options for 907,511 shares to his former spouse. The transfer was made for no consideration as part of a divorce settlement, and did not involve any open-market buying or selling activity.
What type of transaction code "J" represents in the Innoviz Technologies (INVZ) Form 4?
Code "J" indicates an "other acquisition or disposition" transaction type. In this case, it reflects a restructuring transfer of shares and options in connection with a divorce settlement, rather than a standard purchase, sale, gift, or tax-withholding event in the open market.