Form 4: Pagaya CAO Executes Stock Transaction

Chief Accounting Officer Cory Vieira exercised restricted stock units and sold a portion to cover tax obligations.

Summary

• Cory Vieira, Chief Accounting Officer of Pagaya Technologies Ltd., exercised 5,208 restricted stock units (RSUs) on June 2, 2026.
• Following the exercise, 2,140 shares were sold at a price of $15.01 per share to satisfy tax withholding requirements.
• The reporting person now holds 18,179 Class A Ordinary Shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is purely administrative and related to tax obligations arising from equity compensation.

Positives

• The transaction reflects the vesting of compensatory equity awards, aligning management interests with shareholders.

Negatives

• The sale of shares, even for tax purposes, reduces the direct equity stake held by the Chief Accounting Officer.

Risks

• Future share price volatility may impact the value of remaining unvested restricted stock units.

Future Outlook

The remaining 10,416 restricted stock units are scheduled to vest in quarterly installments over the next 12 months.

Industry Context

StockSavvy.ai notes that routine RSU vesting and 'sell-to-cover' transactions are standard corporate governance practices for executive compensation and do not typically signal a change in management's outlook on the company's performance.

Comparison to Industry Standards

• The transaction follows standard industry practices for executive equity compensation management.
• The use of 'sell-to-cover' to satisfy tax obligations is a common mechanism among publicly traded fintech companies.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a routine tax-related sale.

Next Steps

• Remaining restricted stock units will vest in quarterly installments over the next 12 months.

Key Dates

Keywords

Pagaya Technologies, PGY, Insider Trading, Form 4, Equity Compensation, Chief Accounting Officer