Riskified Ltd. (NYSE: RSKD) announced its board of directors authorized the repurchase of up to $75 million of the company's Class A ordinary shares on June 4, 2026, subject to completion of required Israeli regulatory procedures.

The authorization adds to Riskified's existing $375 million in aggregate share repurchase authorizations, of which approximately $344.4 million had been utilized as of June 4, 2026, according to a company statement.

The ecommerce fraud and risk intelligence company said share repurchases under the program may be conducted through open market transactions, including trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, privately negotiated transactions, or other methods compliant with federal securities laws.

Riskified plans to fund repurchases using existing cash and cash equivalents. The timing and value of any share repurchases will depend on factors including management's assessment of the shares' intrinsic value, market price, general market conditions, available liquidity, alternative investment opportunities, and legal requirements.

The company stated it has no obligation to acquire any specific amount of shares under the program and may suspend, modify, or discontinue the program without prior notice.