Innoviz (INVZ) CEO shifts 723,019 shares to ex-spouse in settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innoviz Technologies Ltd. Chief Executive Officer Omer Keilaf reported an internal share transfer rather than a market trade. He moved 723,019 ordinary shares to his former spouse, Ms. Gali Moscovici, as part of a divorce settlement, with no price per share reported.
After this transfer, Keilaf is shown with 3,505,931 ordinary shares, including 1,135,780 ordinary shares issuable upon vesting of restricted share units, which vest in scheduled quarterly installments through various dates from 2026 to 2029, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Keilaf Omer David
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares | 723,019 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 3,505,931 shares (Direct, null)
Footnotes (1)
- Represents a transfer of 723,019 ordinary shares from the Reporting Person to his former spouse, Ms. Gali Moscovici, pursuant to a divorce settlement. The amount includes 1,135,780 ordinary shares issuable upon vesting of restricted share units ("RSUs"); of which (a) 15,596 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) 74,008 RSUs granted February 27, 2024, with 14,232 vesting quarterly through 2027 and 59,776 vesting quarterly through 2028; (d) 60,590 RSUs granted August 20, 2024, vesting quarterly through 2028; (e) 82,092 RSUs granted February 25, 2025, vesting quarterly through 2029; (f) 750,000 RSUs granted May 26, 2025, one-fourth vesting on May 26, 2026, remainder 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 exercise price is applicable.
Key Figures
Shares transferred: 723,019 ordinary shares
Shares after transaction: 3,505,931 ordinary shares
RSU-related shares: 1,135,780 ordinary shares issuable
+1 more
4 metrics
Shares transferred
723,019 ordinary shares
Transfer to former spouse under divorce settlement
Shares after transaction
3,505,931 ordinary shares
Holdings reported following the transfer
RSU-related shares
1,135,780 ordinary shares issuable
Ordinary shares issuable upon vesting of RSUs included in holdings
Largest RSU grant
750,000 RSUs
Granted May 26, 2025, vesting from May 26, 2026 through 2029
Key Terms
Ordinary Shares, restricted share units, divorce settlement, vesting
4 terms
divorce settlement financial
"transfer of 723,019 ordinary shares ... 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.
FAQ
What did Innoviz (INVZ) CEO Omer Keilaf report in this Form 4 filing?
He reported an internal transfer of 723,019 ordinary shares to his former spouse under a divorce settlement. This was coded as an “other” transaction, not a market purchase or sale, and involved no stated price per share.
Was the Innoviz (INVZ) CEO’s Form 4 transaction a stock sale or purchase?
No, the transaction was not a sale or purchase. It was an “other” transaction involving transfer of 723,019 ordinary shares to his former spouse pursuant to a divorce settlement, with no exercise price or trading price disclosed in the filing.
Does the Innoviz (INVZ) Form 4 indicate any option exercises or cash transactions?
No, the filing does not show option exercises or cash trades. The 723,019-share movement is a transfer under a divorce settlement, and a footnote states that no exercise price applies, underscoring it is not an option-related or open-market transaction.