Form 4: Pagaya CDO Tami Rosen Reports Share Vesting, Tax-Related Sale

Pagaya Technologies' Chief Development Officer, Tami Rosen, reported the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations.

Summary

• Tami Rosen, Director and Chief Development Officer of Pagaya Technologies Ltd., reported transactions involving Class A Ordinary Shares.
• On March 12, 2026, 15,625 Class A Ordinary Shares were acquired at a price of $0.00, resulting from the vesting of a compensatory award.
• Concurrently, 5,905 Class A Ordinary Shares were disposed of at a price of $10.99 per share.
• The sale of shares was exclusively to satisfy tax withholding obligations arising from the vesting of the compensatory award.
• Following these transactions, Tami Rosen directly beneficially owns 47,264 Class A Ordinary Shares.
• Additionally, 62,500 Restricted Stock Units (RSUs) remain beneficially owned, which are scheduled to vest over two years in eight equal quarterly installments starting June 12, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It details a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence and does not indicate a significant shift in company performance or outlook.

Positives

• The vesting of 15,625 Restricted Stock Units (RSUs) indicates a portion of the executive's long-term incentive compensation has materialized.

Future Outlook

The remaining 62,500 Restricted Stock Units (RSUs) held by Tami Rosen are scheduled to vest over a two-year period in eight equal quarterly installments, commencing on June 12, 2025.

Management Comments

• The sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.

Industry Context

StockSavvy.ai notes that insider transaction reports like Form 4 are routine disclosures in the financial technology sector, providing transparency into executive compensation and share ownership changes. These transactions, particularly those related to tax withholding, are common and generally do not reflect a change in management's outlook on the company's fundamentals.

Stakeholder Impact

• Shareholders may note the change in beneficial ownership by a key executive, but the nature of the transaction (tax-related sale following RSU vesting) suggests minimal direct impact on company strategy or performance.

Key Dates

Keywords

Pagaya Technologies, PGY, Insider Transaction, Form 4, Beneficial Ownership, Restricted Stock Units, Share Vesting, Tax Withholding, Executive Compensation