Phoenix Holdings Discloses 8.2M Share Stake in Riskified
Ticker: RSKD · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1851112
| Field | Detail |
|---|---|
| Company | Riskified Ltd. (RSKD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
TL;DR
**Phoenix Holdings still holds over 8 million shares of Riskified, showing continued institutional interest.**
AI Summary
Phoenix Holdings Ltd., an Israeli financial group, has updated its ownership stake in Riskified Ltd. through an SC 13G/A filing on January 25, 2024. As of December 31, 2023, Phoenix Holdings reported shared voting and dispositive power over 8,198,812.29 Class A ordinary shares of Riskified. This represents a significant holding, indicating Phoenix's continued interest in Riskified and potentially influencing its stock performance due to a major institutional investor's position.
Why It Matters
This filing shows a major institutional investor's current stake, which can signal confidence or lack thereof in Riskified's future, potentially influencing other investors' decisions.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure, indicating a routine update of an existing significant stake rather than a new, volatile event.
Analyst Insight
Investors should note that a major institutional holder, Phoenix Holdings, continues to hold a substantial stake in Riskified, suggesting ongoing institutional confidence. This could be a positive signal, but further research into Phoenix's investment strategy and Riskified's fundamentals is warranted.
Key Numbers
- 8,198,812.29 — Class A ordinary shares (Represents the total number of shares Phoenix Holdings Ltd. has shared voting and dispositive power over in Riskified Ltd. as of December 31, 2023.)
Key Players & Entities
- Phoenix Holdings Ltd. (company) — the reporting person and beneficial owner of Riskified shares
- Riskified Ltd. (company) — the subject company whose shares are being reported
- 8,198,812.29 (dollar_amount) — the number of Class A ordinary shares beneficially owned by Phoenix Holdings Ltd.
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 25, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Phoenix Holdings Ltd. will maintain a significant stake in Riskified Ltd. throughout 2024. (Phoenix Holdings Ltd.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 2) to a Schedule 13G, indicating an update to previously disclosed beneficial ownership information by Phoenix Holdings Ltd. regarding Riskified Ltd. shares, as required by Rule 13d-1(c).
Who is the reporting person in this filing?
The reporting person is The Phoenix Holdings Ltd., an entity organized in Israel, as stated on the cover page of the filing.
What type of shares does Phoenix Holdings Ltd. beneficially own in Riskified Ltd.?
Phoenix Holdings Ltd. beneficially owns Class A ordinary shares, no par value, of Riskified Ltd., as specified under 'Title of Class of Securities' in the filing.
As of what date is the beneficial ownership information reported in this filing?
The beneficial ownership information is reported as of December 31, 2023, which is stated as the 'Date of Event Which Requires Filing of this Statement'.
What type of power does Phoenix Holdings Ltd. have over the reported shares?
Phoenix Holdings Ltd. has shared voting power and shared dispositive power over 8,198,812.29 shares, as indicated in items 6 and 8 of the cover page.
Filing Stats: 1,211 words · 5 min read · ~4 pages · Grade level 11 · Accepted 2024-01-25 08:15:44
Filing Documents
- zk2430816.htm (SC 13G/A) — 70KB
- 0001178913-24-000243.txt ( ) — 71KB
(a)
Item 1. (a) Name of Issuer : Riskified Ltd. (b) Address of Issuer's Principal Executive Offices : Europe House Sderot Sha'ul HaMelech 37 Tel Aviv-Yafo, Israel.
(a)
Item 2. (a) Name of Person Filing : The Phoenix Holdings Ltd. The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of the Phoenix Holdings Ltd. (the "Subsidiaries"). The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. (b) Address of Principal Business Office : The address of the Phoenix Holdings Ltd. is Derech Hashalom 53, Givataim, 53454, Israel. (c) Citizenship : The Phoenix Holdings Ltd. - Israel (d) Title of Class of Securities : Class A ordinary shares, no par value (e) CUSIP Number : M8216R109 Item 3 . Not applicable. 3 Item 4 . (a) Amount beneficially owned : See row 9 of cover page of each reporting person. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group. In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement. As of December 31, 2023, the securities reported herein were held as follows: Ordinary Shares Percenta