Riskified (NYSE: RSKD) director reports Class A and Class B holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
RISKIFIED LTD. director Shachar Erez filed an initial ownership report showing both direct and indirect holdings in the company’s ordinary shares. He directly holds 80,053 Class A Ordinary Shares and has indirect interests in 4,264,089 additional Class A Ordinary Shares held by Qumra Capital funds.
Erez is also associated indirectly with 5,359,974 Class B Ordinary Shares that are convertible into an equal number of Class A Ordinary Shares with no expiration date. The filing notes that these Class A, Class B and RSU positions are held for the benefit of Qumra Capital, and Erez disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Shachar Erez
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 5,359,974 shares (Indirect, Held by Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P.);
Class A Ordinary Shares — 80,053 shares (Direct);
Class A Ordinary Shares — 4,264,089 shares (Indirect, Held by Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P.)
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 shares upon vesting and settlement. The Class A Shares and RSUs held by the Reporting Person are held by him solely for the benefit of Qumra Capital (defined below). As such, the Reporting Person disclaims beneficial ownership of the RSUs (including the Class A Ordinary Shares underlying the RSUs) and the Class A Ordinary Shares, except to the extent of his pecuniary interest, if any, therein. Represents Class A Ordinary Shares held by Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P (together, "Qumra Capital"). The Reporting Person is a Managing Partner of Qumra Capital. The Reporting Person disclaims beneficial ownership of the Class A Ordinary Shares held by Qumra Capital, except to the extent of his pecuniary interest, if any, therein. Each Class B Ordinary Share is convertible at any time at the option of holder into one Class A Ordinary Share and has no expiration date. In addition, each Class B Ordinary Share 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. Represents Class B Ordinary Shares held by Qumra Capital. The Reporting Person disclaims beneficial ownership of the Class B Ordinary Shares held by Qumra Capital, except to the extent of his pecuniary interest, if any, therein.
FAQ
What does the Riskified (RSKD) Form 3 filing by Shachar Erez show?
The Form 3 shows director Shachar Erez reporting his initial ownership in Riskified, including direct and indirect holdings of Class A and Class B Ordinary Shares tied to Qumra Capital, along with related RSUs held for Qumra’s benefit.
How are RSUs described in the Riskified (RSKD) Form 3 for Shachar Erez?
The Form 3 states that restricted stock units (RSUs) held by Shachar Erez each represent the right to receive one Class A Ordinary Share upon vesting and settlement and are held solely for the benefit of Qumra Capital rather than for his personal benefit.
Does Shachar Erez claim full beneficial ownership of his Riskified (RSKD) holdings?
No. The filing states that Erez disclaims beneficial ownership of the Class A Ordinary Shares, Class B Ordinary Shares and RSUs held for Qumra Capital, except to the extent of any pecuniary interest he may have in those securities.