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

Riskified Ltd. 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., reported the sale of 32,588 Class A Ordinary Shares on July 6, 2026.
• The sale was executed under a Rule 10b5-1 trading plan adopted on March 16, 2026, which allows for pre-scheduled transactions.
• The shares were sold at a weighted average price of $5.1923, with individual transactions ranging from $5.07 to $5.28.
• Following these transactions, Feldman beneficially owns 1,867,371 Class A Ordinary Shares directly, and an additional 1,314,615 shares indirectly through his spouse.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to the sale of shares by a key executive, despite the use of a 10b5-1 plan. The significant remaining beneficial ownership mitigates a more negative assessment.

Positives

• The sale was conducted under a Rule 10b5-1 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 beneficial ownership of 1,867,371 shares directly and 1,314,615 shares indirectly, suggesting continued commitment to the company.

Negatives

• A significant number of shares (32,588) were sold by a key executive, which could be perceived negatively by the market.
• The sale occurred at prices below the current market price (if the current market price is higher than the sale price range), though this is not explicitly stated in the filing.

Risks

• Potential for negative market perception due to the sale of shares by a high-ranking executive.
• The Rule 10b5-1 plan, while providing a defense against insider trading allegations, still represents a reduction in the executive's direct holdings.

Future Outlook

The filing does not contain forward-looking statements or guidance. It 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 $5.07 to $5.28.
• 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, is often scrutinized by investors. The execution of such plans is common for executives seeking to diversify or manage personal finances without triggering insider trading concerns. The price range of the sales provides a benchmark for recent insider transactions.

Stakeholder Impact

• Shareholders: May interpret the sale as a signal of reduced confidence or a need for liquidity by a key insider, potentially impacting short-term stock price. However, the Rule 10b5-1 plan and substantial remaining ownership may temper this concern.
• Employees: May observe the sale by a senior executive, potentially influencing their own investment decisions or perceptions of company leadership.
• Management: The transaction is a standard reporting requirement and does not directly impact other management members, but sets a precedent for their own stock management strategies.

Next Steps

• The reporting person may continue to execute trades under the existing Rule 10b5-1 plan.
• The company may provide further updates on insider transactions as they occur.

Key Dates

Keywords

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