Company: RSKD
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001851112-25-000006
Chunk: 123

Company: RISKIFIED LTD.
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 123
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 our Covered Executives. See “ Equity Awards” below.                              
  (5)      Share-based Compensation Expense for Mr. Gal reflects, in part, the Multi-Year Award (defined below). In accordance with the terms of his shareholder approved compensation package, no equity aw...  
  (6)      Ms. Ofek Arad resigned her role as Chief Operating Officer, for personal reasons, effective as of November 1, 2024.                                                                                   

Bonus Plans

We have a performance-based bonus plan that applies to our non-commission based employees, which includes each of the Company’s office holders, other than Mr. Kumaraswami. This plan is based on our overall financial performance as well as the evaluation of individual performance. The measurements can change from year to year, typically based on one or more financial parameters, and may contain discretionary components. The plan is designed to satisfy the requirements of our Compensation Policy for Executive Officers and Directors and, with respect to Mr. Gal and Mr. Feldman, is applied in a way that is consistent with their shareholder approved compensation packages. The plan is reviewed and approved by our compensation committee and board of directors annually, as is any bonus payment made to an office holder under the plan.

Mr. Kumaraswami’s entitlement to commissions is determined based on his satisfaction of predetermined performance metrics, which typically differ to those applicable to the company’s performance-based bonus plan, set forth above. Mr. Kumaraswami’s commission plan is reviewed and approved by our compensation committee and board of directors annually, as is any commission payment made to Mr. Kumaraswami pursuant to the plan.

Equity Awards

Share Options

No share options were granted to our directors or executive officers in 2024. As of December 31, 2024, share options to purchase 837,454 Class A ordinary shares granted to our directors and executive officers were outstanding under our equity incentive plans at a weighted average exercise price of $2.72 per ordinary share.

The amounts underlying the share options granted to our office holders are expensed on a straight-line basis over the requisite service period which is generally four to five years.

Restricted Share Units

During the year ended December 31, 2024, our directors and executive officers were granted a total of 1,318,103 RSUs under our equity incentive plans. In accordance with the terms of Mr. Gal’s shareholder approved compensation package, no equity awards, including RSUs, were granted to our CEO in 2024. As of