Qumra Capital trims Riskified (RSKD) stake after share conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RISKIFIED LTD. director Shachar Erez reported transactions tied to entities he manages at Qumra Capital. Qumra Capital converted 1,000,000 Class B Ordinary Shares into 1,000,000 Class A Ordinary Shares and then sold a total of 105,474 Class A Ordinary Shares in open-market trades around $4.81 per share.
After these trades, Qumra Capital held 5,158,615 Class A Ordinary Shares and 4,359,974 Class B Ordinary Shares indirectly. Erez also has 80,053 Class A Ordinary Shares and RSUs held directly for the benefit of Qumra Capital, and he disclaims beneficial ownership of these holdings except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 105,474 shares ($507,538)
Net Sell
5 txns
Insider
Shachar Erez
Role
null
Sold
105,474 shs ($508K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares | 60,797 | $4.8149 | $293K |
| Conversion | Class B Ordinary Shares | 1,000,000 | $0.00 | -- |
| Conversion | Class A Ordinary Shares | 1,000,000 | $0.00 | -- |
| Sale | Class A Ordinary Shares | 44,677 | $4.808 | $215K |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 5,158,615 shares (Indirect, Held by Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P.);
Class B Ordinary Shares — 4,359,974 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, null)
Footnotes (1)
- Represents the conversion of Class B Ordinary Shares into Class A Ordinary Shares. Each Class B Ordinary Share is convertible at any time at the option of the 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 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. 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 $4.84. 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. 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 $4.86. 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. 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. 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
Class A shares sold: 105,474 shares
First sale block: 60,797 shares at $4.8149
Second sale block: 44,677 shares at $4.8080
+4 more
7 metrics
Class A shares sold
105,474 shares
Open-market sales of Class A Ordinary Shares
First sale block
60,797 shares at $4.8149
Weighted average price, Class A Ordinary Shares
Second sale block
44,677 shares at $4.8080
Weighted average price, Class A Ordinary Shares
Converted shares
1,000,000 shares
Class B converted into Class A Ordinary Shares
Indirect Class A held
5,158,615 shares
Class A Ordinary Shares held indirectly after transactions
Class B held
4,359,974 shares
Class B Ordinary Shares held indirectly after conversion
Direct holdings and RSUs
80,053 Class A/RSUs
Direct Class A shares and RSUs held for Qumra Capital
Key Terms
Class B Ordinary Shares, weighted average price, restricted stock units (RSUs), derivative conversion, +1 more
5 terms
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units (RSUs) financial
"Includes Class A Ordinary Shares and outstanding restricted stock units (RSUs)."
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.
derivative conversion financial
"Transaction action is described as a derivative conversion."
pecuniary interest financial
"Erez disclaims beneficial ownership except to the extent of his pecuniary interest."
FAQ
What insider transactions did RISKIFIED (RSKD) report for Shachar Erez?
RISKIFIED reported that entities associated with director Shachar Erez converted 1,000,000 Class B shares into Class A shares and sold 105,474 Class A shares in open-market trades, while retaining multi-million share positions in both classes.
What are Qumra Capital’s RISKIFIED (RSKD) holdings after these transactions?
After the reported trades, Qumra Capital held 5,158,615 Class A Ordinary Shares and 4,359,974 Class B Ordinary Shares indirectly. These figures reflect the impact of both the 1,000,000-share conversion and the open-market sales disclosed in the Form 4.
What does the weighted average sale price mean in the RISKIFIED (RSKD) Form 4?
Weighted average sale prices of $4.8080 and $4.8149 reflect multiple trades within price ranges from $4.80 to $4.86. The insider undertakes to provide detailed breakdowns of shares sold at each separate price upon request to investors or regulators.