Riskified (NYSE: RSKD) CEO Gal Eido details share and PSU holdings
Rhea-AI Filing Summary
Riskified Ltd. Chief Executive Officer Gal Eido has reported his equity holdings in the company. The statement shows direct ownership of 5,841,646 Class A Ordinary Shares and 9,113,300 Class B Ordinary Shares, each Class B share being convertible into one Class A share at any time with no expiration date.
Eido also holds 3,993,440 Performance Stock Units granted on July 15, 2021. Each PSU represents one Class A Ordinary Share, divided into ten equal tranches that can vest over a ten-year period if pre-set stock price hurdles determined by the board and compensation committee are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gal Eido
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 9,113,300 shares (Direct);
Performance Stock Units — 3,993,440 shares (Direct);
Class A Ordinary Shares — 5,841,646 shares (Direct)
Footnotes (3)
- F1. Includes Class A Ordinary Shares and outstanding restricted stock units (RSUs) held by the Reporting Person. Each RSU represents the right to receive one Class A Ordinary Share upon vesting and settlement.
- F2. Each Class B Ordinary Share is convertible at any time at the option of the Reporting Person into one Class A Ordinary Share and has no expiration date. In addition, each Class B Ordinary Share held by the Reporting Person will convert automatically into one Class A Ordinary Share upon the sale or transfer of such Class B Ordinary Share, subject to certain exceptions, and in certain other circumstances described in the Issuer's Amended and Restated Articles of Association.
- F3. Performance Stock Units ("PSUs") were granted to the Reporting Person on July 15, 2021. Each PSU represents the right to receive one Class A Ordinary Share. The PSUs are divided into ten equal tranches, and vesting of each tranche is contingent upon the achievement of pre-established stock price hurdles established by the Issuer's Compensation Committee and Board over a ten year period commencing on the grant date and expiring on the 10th anniversary thereof.
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FAQ
What did Riskified (RSKD) CEO Gal Eido report in this Form 3?
Gal Eido reported his existing equity stake in Riskified, including Class A and Class B Ordinary Shares plus Performance Stock Units. This initial ownership statement outlines his direct holdings and potential future Class A shares from convertible Class B stock and PSUs.
What Performance Stock Units (PSUs) does the Riskified (RSKD) CEO hold?
Gal Eido holds 3,993,440 Performance Stock Units, each representing one Class A Ordinary Share. Granted on July 15, 2021, these PSUs are split into ten equal tranches and vest only if specific stock price hurdles are achieved over a ten-year period.
How do the Riskified (RSKD) PSUs for the CEO vest over time?
The Performance Stock Units vest in ten equal tranches over a ten-year period starting July 15, 2021. Each tranche vests only when pre-established stock price hurdles set by Riskified’s compensation committee and board are met before the tenth anniversary of the grant.