Form 4: Pagaya Director Avi Zeevi Receives Annual Equity Grant

Pagaya Technologies Ltd. director Avi Zeevi was granted 11,446 restricted stock units as part of the company's annual non-employee director compensation.

Summary

• Avi Zeevi, a Director at Pagaya Technologies Ltd. (PGY), received an annual equity grant.
• The grant consists of 11,446 restricted stock units (RSUs), each representing a contingent right to receive one Class A Ordinary Share.
• The transaction date for this acquisition was December 10, 2025.
• The RSUs will vest over a one-year period, with 25% vesting on January 1, 2026, April 1, 2026, July 1, 2026, and October 1, 2026.
• Following this transaction, Avi Zeevi beneficially owns 160,461 Class A Ordinary Shares.
• This grant is part of the annual equity compensation for non-employee directors, as approved by shareholders and detailed in the company's Proxy Statement filed on April 30, 2025.

Sentiment

Score: 6

Explanation: The filing reflects a routine, expected compensation event for a director, which is generally positive for corporate governance as it aligns interests. It does not contain any unexpected news that would significantly alter investment sentiment.

Positives

• The equity grant aligns the director's financial interests with those of the shareholders, promoting long-term value creation.
• It represents a standard, pre-approved compensation practice for non-employee directors, indicating stable corporate governance.

Future Outlook

The granted restricted stock units are scheduled to vest quarterly over a one-year period, commencing on January 1, 2026, and concluding on October 1, 2026.

Industry Context

The granting of equity awards, such as restricted stock units, to non-employee directors is a common practice across publicly traded companies. This method of compensation is widely used to attract and retain qualified board members while aligning their interests with long-term shareholder value.

Comparison to Industry Standards

• The practice of providing annual equity grants to non-employee directors is a standard compensation mechanism, comparable to practices at many technology and financial services companies.
• The vesting schedule over one year is typical for such grants, ensuring continued engagement and alignment with company performance over a reasonable period.

Corporate Governance

Related Party Transactions

• The equity grant to Director Avi Zeevi constitutes a related party transaction, which is standard for director compensation and was approved by shareholders as part of the non-employee director compensation plan.

Stakeholder Impact

• Shareholders: The grant aligns the director's long-term interests with shareholder value creation, potentially leading to more focused governance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The restricted stock units will vest in four equal installments on January 1, 2026, April 1, 2026, July 1, 2026, and October 1, 2026.

Key Dates

Keywords

Pagaya Technologies, PGY, Avi Zeevi, SEC Form 4, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Beneficial Ownership