Form 4: Director Erez Shachar Executes Riskified Share Sale

Director Erez Shachar reported the conversion and sale of Class A Ordinary Shares held by Qumra Capital.

Summary

• Director Erez Shachar converted 500,000 Class B Ordinary Shares into Class A Ordinary Shares on June 10, 2026.
• Following the conversion, a total of 191,224 Class A Ordinary Shares were sold across two transactions on June 10 and June 11, 2026.
• The sales were executed at weighted average prices of $4.9267 and $4.8665 per share.
• The shares are held indirectly through Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine divestment by an institutional investor rather than a signal of operational distress.

Positives

• The conversion of Class B shares to Class A shares increases the liquidity of the company's publicly traded stock.

Negatives

• The sale of 191,224 shares by a director may be perceived as a reduction in long-term confidence or a routine portfolio rebalancing by the investment firm.

Risks

• Future sales by major shareholders like Qumra Capital could exert downward pressure on the share price.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that insider selling is common among venture capital firms like Qumra Capital as they reach the end of investment cycles or rebalance portfolios, and does not necessarily reflect a change in the company's fundamental business outlook.

Comparison to Industry Standards

• The transaction follows standard SEC reporting requirements for directors and 10% owners.
• The use of weighted average pricing for multiple transactions is consistent with standard market practice for institutional divestments.

Related Party Transactions

• The shares are held by Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P., where the reporting person serves as a Managing Partner.

Stakeholder Impact

• Shareholders should note the reduction in indirect beneficial ownership by the reporting person's affiliated funds.

Next Steps

• Continued monitoring of Qumra Capital's remaining holdings in Riskified.

Key Dates

Keywords

Riskified, RSKD, Insider Trading, Form 4, Qumra Capital, Share Conversion