Shachar Erez’s SEC Form 4 filings show a one-directional pattern: selling. Across 74 trades at three companies, his total sell value reached $33,920,437.80, with no open-market purchases and no acquisitions on record. The recent activity is concentrated in RSKD, where 18 of his last 20 trades were open-market sales. Between August 17 and September 16, 2026, he sold nearly every business day, with values ranging from a $643 transaction to a $1,770,317.68 sale on August 27. The daily cadence is consistent; September 14, 15, and 16 produced sales of $293,829.86, $294,649.96, and $312,840 respectively.
The RSKD selling accelerated in late August. On August 24 he sold $606,382.57, followed by $534,807.34 on August 25 and $867,834.75 on August 26. The largest single-day total came on August 27, then $1,052,540.72 on August 28. After a brief pause, he resumed with $629,260 on August 31 and $646,860 on September 2. Two conversion events (code C) on August 20 and September 1 carried no dollar value, and a $22,579.28 sale on September 1 accompanied the latter conversion. The only non-RSKD trades in the recent window were four zero-value sales back to the issuer (code D) for TALK on August 17 and one compensation grant (code A) for TBLA on August 7.
The data shows no buying bias at all. Erez has not filed a single open-market purchase in the entire 74-trade history, and his recent selling is heavy and sustained. The RSKD sales alone account for roughly $10.9 million in the final month of the filing period. His activity is entirely on the sell side, with the TALK and TBLA transactions being administrative or compensatory rather than discretionary trades.
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