Riskified (RSKD) president sees 118,866 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Riskified Ltd. President of Worldwide Field Operations Kumaraswami Ravi reported a routine tax-related share disposition. The company withheld 118,866 Class A Ordinary Shares at $3.96 per share to cover his tax liability arising from the vesting of previously granted restricted stock units (RSUs).
After this withholding, Ravi’s reported holdings total 1,995,113 Class A Ordinary Shares and RSUs, with each RSU representing the right to receive one share upon future vesting and settlement. The transaction reflects compensation-related tax withholding rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kumaraswami Ravi
Role
Pres. Worldwide Field Ops.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 118,866 | $3.96 | $471K |
Holdings After Transaction:
Class A Ordinary Shares — 1,995,113 shares (Direct)
Footnotes (1)
- Reflects Class A Ordinary Shares of the Issuer withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units (RSUs) previously reported by the Reporting Person. Includes Class A Ordinary Shares and outstanding RSUs held by the Reporting Person. Each RSU represents the right to receive one Class A Ordinary Share upon vesting and settlement.
Key Figures
Shares withheld for taxes: 118,866 shares
Withholding share value: $3.96 per share
Holdings after transaction: 1,995,113 shares and RSUs
+1 more
4 metrics
Shares withheld for taxes
118,866 shares
Class A Ordinary Shares for RSU tax liability
Withholding share value
$3.96 per share
Value used for tax-withholding disposition
Holdings after transaction
1,995,113 shares and RSUs
Total Class A Ordinary Shares and RSUs reported
Tax-withholding shares
118,866 shares
TaxWithholdingShares in transaction summary
Key Terms
restricted stock units (RSUs), tax liability, Class A Ordinary Shares, tax-withholding disposition
4 terms
restricted stock units (RSUs) financial
"in connection with the vesting of restricted stock units (RSUs) previously reported"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax liability financial
"withheld to cover the Reporting Person's tax liability in connection with the vesting"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did RSKD executive Kumaraswami Ravi report?
Kumaraswami Ravi reported a tax-withholding disposition of Class A Ordinary Shares. The company withheld 118,866 shares to cover his tax liability from vested RSUs, rather than executing an open-market sale of shares.
What are Kumaraswami Ravi’s holdings in Riskified (RSKD) after this transaction?
Following the tax-withholding transaction, Kumaraswami Ravi’s reported holdings total 1,995,113 Class A Ordinary Shares and RSUs. Each RSU gives him the right to receive one additional Class A Ordinary Share upon vesting and settlement in the future.
Does this Riskified (RSKD) Form 4 reflect an open-market sale by the executive?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Riskified to pay taxes related to RSUs vesting for Kumaraswami Ravi, a routine administrative step in equity compensation.