Shachar Erez, serving as a director at Riskified Ltd. (NASDAQ:RSKD), recently executed a series of transactions resulting in the sale of Class A Ordinary Shares valued at approximately $1,769,084. This divestment activity occurred across two consecutive days in mid-June 2026, specifically on June 16 and June 17. The sales were executed at individual share prices ranging between $4.88 and $5.00. At the time of these transactions, the stock was trading at $4.92, contributing to a corporate market capitalization of $712 million. Independent analysis from InvestingPro suggests that the current valuation of RSKD may present undervaluation opportunities at these price levels.
On June 16, 2026, the first day of the reported activity, Mr. Erez sold 144,459 Class A Ordinary Shares. These specific shares were transacted at a weighted average price of $4.9583. This initial block of sales was part of a broader set of transactions on the same day, where individual prices fluctuated between $4.92 and $4.99. Later that same day, an additional 117,000 Class A Ordinary Shares were sold. These subsequent shares were transacted at a weighted average price of $4.9429, with individual transaction prices ranging from $4.88 to $4.99.
The following day, June 17, 2026, Mr. Erez proceeded to sell an additional 96,100 Class A Ordinary Shares. These sales were executed at a weighted average price of $4.9375. The transactions on this second day involved multiple executions with prices ranging from $4.88 to $5.00 per share. All of these sales were conducted indirectly through entities managed by Mr. Erez, specifically Qumra Capital I L.P. and Qumra Capital I Continuation Fund L.P., collectively referred to as Qumra Capital. Mr. Erez serves as a Managing Partner within these entities. He has formally disclaimed beneficial ownership of these shares, retaining interest only to the extent of his pecuniary interest.
The transactions were executed pursuant to a Rule 10b5-1 trading plan that was adopted by Mr. Erez on March 16, 2026. Following the completion of these recent sales, the indirect holdings attributed to Mr. Erez through Qumra Capital stand at 4,107,366 Class A Ordinary Shares. Furthermore, Mr. Erez directly holds 80,053 Class A Ordinary Shares, which include outstanding restricted stock units (RSUs). These direct holdings are maintained for the benefit of Qumra Capital, and Mr. Erez has also disclaimed beneficial ownership of these direct holdings and RSUs, except for any pecuniary interest he may have.
Against the backdrop of this executive divestment, Riskified Ltd. has announced that its Board of Directors authorized a new share repurchase program of up to $75 million. This new authorization adds to the company’s existing $375 million repurchase programs, with approximately $344.4 million already utilized. In other recent developments, DA Davidson reiterated a Buy rating for Riskified, setting a price target of $6.00, following the company’s quarterly results. The firm highlighted that Riskified exceeded consensus expectations in both revenue and earnings due to new business wins and upselling activities. However, Riskified reported a first-quarter 2026 earnings per share of -$0.03, which fell short of the forecasted $0.04. Despite this, the company’s revenue slightly surpassed expectations, reaching $88.27 million compared to the anticipated $87.9 million. These developments reflect a mix of challenges and opportunities for Riskified, with analysts maintaining a positive outlook on the company’s performance.