Riskified (NYSE: RSKD) CEO Gal Eido details share and PSU holdings
Filing Impact
Filing Sentiment
Form Type
3
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 (1)
- 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. 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. 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.
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.