Riskified (RSKD) completes $4.3M repurchase of 1M shares from Pitango funds
Rhea-AI Filing Summary
Riskified Ltd. completed a privately negotiated repurchase of 1,000,000 Class A ordinary shares from funds affiliated with Pitango Venture Capital. The company paid cash consideration of $4.26 per share, for total consideration of approximately $4.3 million, at a discount to the volume weighted average price on the New York Stock Exchange over a specified period.
The transaction was carried out under Riskified’s previously announced share repurchase authorization and was consummated on April 3, 2026 after required Israeli regulatory conditions were satisfied. Because Pitango’s managing partner Aaron Mankovski served on Riskified’s board when the agreement was signed, the repurchase received approval from the company’s Audit Committee and full Board of Directors.
Positive
- None.
Negative
- None.
Insights
Riskified executes a $4.3M related-party share repurchase at a VWAP discount.
Riskified repurchased 1,000,000 Class A ordinary shares from Pitango for about $4.3 million, at $4.26 per share. The filing notes this price reflects a discount to the volume weighted average price on the NYSE over a specified period.
The buyback was executed under a previously announced repurchase authorization, indicating it is part of an ongoing capital allocation framework rather than a standalone special action. Key governance safeguards include approval by the Audit Committee and Board, given the connection between Pitango and former director Aaron Mankovski.
The filing confirms that required Israeli regulatory conditions were satisfied before closing on April 3, 2026. Subsequent company filings may detail how this repurchase interacts with any remaining authorization capacity and broader capital return priorities.