Form 4: Pagaya Director Avi Zeevi Boosts Shareholding

Pagaya Technologies Director Avi Zeevi acquired 82,703 Class A Ordinary Shares through in-kind distributions from investment funds.

Summary

• Avi Zeevi, a Director of Pagaya Technologies Ltd. (PGY), reported two acquisitions of Class A Ordinary Shares.
• On September 23, 2025, Mr. Zeevi acquired 6,384 Class A Ordinary Shares at a price of $0.00 per share, resulting from an in-kind distribution to partners of Viola Ventures IV Principals Fund, L.P.
• On September 24, 2025, Mr. Zeevi acquired an additional 76,319 Class A Ordinary Shares at a price of $0.00 per share, resulting from an in-kind distribution to partners of Viola Ventures 4, L.P.
• Following these transactions, Mr. Zeevi directly beneficially owns a total of 149,015 Class A Ordinary Shares.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a director, even through in-kind distributions, generally signals confidence in the company's future prospects and aligns their interests with those of other shareholders. This is typically viewed as a positive indicator.

Positives

• The increase in a director's beneficial ownership, even through in-kind distributions, generally signals continued confidence in the company's long-term prospects and aligns management interests with shareholder interests.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Avi Zeevi acquired shares through in-kind distributions from Viola Ventures IV Principals Fund, L.P. and Viola Ventures 4, L.P., entities with which he is likely associated as a partner.

Stakeholder Impact

• Increased insider ownership may be viewed positively by shareholders as it suggests a stronger alignment of management's financial interests with the company's performance and shareholder value.

Key Dates

Recommendation

While the increase in director ownership is a positive signal, these shares were acquired via in-kind distributions rather than open market purchases. This indicates continued alignment and a beneficial interest from prior investments but does not necessarily reflect a new investment decision based on current market conditions, thus warranting a 'hold' rather than a 'buy' recommendation based solely on this filing.

Keywords

Pagaya Technologies, PGY, Avi Zeevi, Insider Transaction, Form 4, Director Share Acquisition, Beneficial Ownership, Viola Ventures