Form 4: Pagaya Director Tami Rosen Sells Shares via 10b5-1 Plan

Director Tami Rosen sold 9,720 Class A ordinary shares of Pagaya Technologies Ltd. at an average price of $15.14.

Summary

• Director Tami Rosen executed a sale of 9,720 Class A ordinary shares of Pagaya Technologies Ltd. (PGY).
• The transaction occurred on April 17, 2026, at a price of $15.14 per share.
• The sale was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Following this transaction, Tami Rosen retains beneficial ownership of 37,544 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted via a pre-planned 10b5-1 arrangement, which is a routine administrative action for corporate insiders.

Positives

• The sale was executed under a pre-established Rule 10b5-1 plan, which is designed to avoid concerns regarding insider trading by scheduling sales in advance.

Negatives

• The transaction represents a reduction in the director's direct equity stake in the company.

Risks

• Insider selling can sometimes be perceived negatively by the market as a signal of management's view on the company's valuation or future prospects.

Future Outlook

No forward-looking guidance or operational outlook was provided in this filing.

Industry Context

StockSavvy.ai notes that director sales executed under 10b5-1 plans are standard corporate practice and generally do not reflect a change in the company's fundamental outlook or strategic direction.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is a standard industry practice for corporate insiders to manage equity holdings while maintaining regulatory compliance.

Stakeholder Impact

• Minimal impact expected as the sale was pre-planned and represents a small portion of the director's holdings.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Pagaya Technologies, PGY, Insider Trading, Form 4, Director Sale, 10b5-1 Plan