Form 4: Riskified CTO Sells Shares Under 10b5-1 Plan

Riskified's Chief Technology Officer, Assaf Feldman, has sold a significant number of Class A Ordinary Shares as part of a pre-arranged trading plan.

Summary

• Assaf Feldman, Chief Technology Officer and a 10% owner of Riskified Ltd. (RSKD), reported the sale of 230,512 Class A Ordinary Shares on July 1, 2026, for a weighted average price of $5.0184.
• Additional sales of 21,679 and 10,975 shares occurred on July 6, 2026, at prices of $5.04 and $5.02 respectively.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on March 16, 2026.
• Following these sales, Feldman beneficially owns 1,910,934 shares directly and 1,899,959 shares directly, with an additional 1,314,615 shares held indirectly by his spouse.
• The reported shares include both directly held Class A Ordinary Shares and outstanding restricted stock units (RSUs).

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative sentiment due to the significant volume of shares sold by a key executive, despite the sales being conducted under a pre-arranged plan.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating a pre-determined and structured approach to stock disposition, which can mitigate concerns about insider trading.
• The reporting person, Assaf Feldman, retains a substantial number of shares (1,910,934 directly and 1,899,959 directly, plus shares held by spouse), suggesting continued confidence in the company.

Negatives

• A significant number of shares (230,512 on July 1, 2026, plus additional sales) were sold by a key executive and 10% owner.
• The sales represent a reduction in direct beneficial ownership by a high-level insider.

Risks

• Potential for negative market perception due to insider selling, even if conducted under a pre-arranged plan.
• The weighted average sale price of $5.0184 on July 1, 2026, and subsequent sales at similar prices, could indicate a price point that management believes is a favorable exit opportunity.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports on past transactions.

Management Comments

• The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2026.
• The price reported is a weighted average price. These Class A Ordinary Shares were sold in multiple transactions at prices ranging from $5.01 to $5.03.
• 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.

Industry Context

StockSavvy.ai notes that insider selling, even under a 10b5-1 plan, can be a signal to the market. However, the adoption of such a plan is a standard practice for executives to diversify their holdings in a controlled manner, especially in the technology sector where stock-based compensation is common.

Stakeholder Impact

• Shareholders may interpret the sales as a sign of reduced confidence by a key executive, potentially impacting share price in the short term.
• Employees with stock options or RSUs may observe the executive's sales and consider their own portfolio diversification strategies.

Next Steps

• Continued monitoring of Assaf Feldman's beneficial ownership and any future transactions.
• Analysis of Riskified Ltd.'s overall financial performance and strategic initiatives to contextualize insider trading activity.

Key Dates

Recommendation

The filing reports insider sales under a 10b5-1 plan, which is a standard practice. While significant, it does not inherently signal a negative outlook for the company's future performance. The recommendation is to hold, pending further financial results and strategic updates from Riskified Ltd.

Keywords

Riskified, RSKD, Form 4, Insider Trading, Stock Sale, Rule 10b5-1, Assaf Feldman, Chief Technology Officer, Class A Ordinary Shares, Beneficial Ownership