Riskified director-linked fund sells RSKD shares
RISKIFIED LTD. director Shachar Erez reported transactions mainly by Qumra Capital funds he helps manage.
Rhea-AI Filing Summary
RISKIFIED LTD. director Shachar Erez reported transactions mainly by Qumra Capital funds he helps manage. Qumra Capital sold 81,762 and 109,462 Class A Ordinary Shares at weighted average prices of $4.87 and $4.93 per share, while converting 500,000 Class B Ordinary Shares into 500,000 Class A Ordinary Shares. After these moves, indirect holdings reported for Qumra Capital were 4,696,049 Class A shares and Erez also reported 80,053 Class A shares held directly, which include restricted stock units. Erez disclaims beneficial ownership of the fund-held shares except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares | 81,762 | $4.8665 | $398K |
| Conversion | Class B Ordinary Shares | 500,000 | $0.00 | $0.00 |
| Conversion | Class A Ordinary Shares | 500,000 | $0.00 | $0.00 |
| Sale | Class A Ordinary Shares | 109,462 | $4.9267 | $539K |
| holding | Class A Ordinary Shares | -- | -- | -- |
Footnotes (7)
- F1. Represents the conversion of Class B Ordinary Shares into Class A Ordinary Shares.
- 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. 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.
- F4. The price reported is a weighted average price. These Class A Ordinary Shares were sold in multiple transactions at prices ranging from $4.84 to $5.00. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of Class A Ordinary Shares sold at each separate price within the range set forth in this footnote.
- F5. The price reported is a weighted average price. These Class A Ordinary Shares were sold in multiple transactions at prices ranging from $4.80 to $4.93. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of Class A Ordinary Shares sold at each separate price within the range set forth in this footnote.
- F6. 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 Reporting Person is a Managing Partner of Qumra Capital. The Class A Shares and RSUs held by the Reporting Person are held by him solely for the benefit of Qumra Capital. 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.
- F7. 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.
Key Figures
Key Terms
weighted average price financial
restricted stock units (RSUs) financial
derivative security financial
pecuniary interest financial
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