Form 4: Pagaya Officer Exercises Stock Options Under 10b5-1 Plan

Pagaya Technologies' Chief Development Officer, Tami Rosen, exercised options to acquire 9,363 Class A Ordinary Shares at $10.68 per share.

Summary

• Tami Rosen, Chief Development Officer and Director of Pagaya Technologies Ltd. (PGY), acquired 9,363 Class A Ordinary Shares.
• The acquisition occurred through the exercise of incentive stock options at a price of $10.68 per share.
• The transaction date was October 13, 2025, with a deemed execution date of October 13, 2025.
• Following this transaction, Rosen directly holds 37,544 Class A Ordinary Shares.
• Rosen also holds 222,267 incentive stock options, which have an expiration date of March 17, 2031.
• The options exercised became fully vested and exercisable on February 29, 2024.
• The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged trading strategy.

Sentiment

Score: 6

Explanation: Slightly positive due to an insider increasing direct ownership, indicating confidence, even if through a routine option exercise. The transaction is pre-planned and compliant.

Positives

• Increased direct ownership by a key executive, Tami Rosen, which aligns her interests further with shareholders.
• The transaction was pre-planned under a Rule 10b5-1 plan, indicating a structured and compliant approach to insider transactions.

Future Outlook

The filing does not provide forward-looking statements or guidance.

Industry Context

This routine insider transaction does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through higher direct equity ownership.

Key Dates

Keywords

Pagaya Technologies, PGY, Insider Transaction, Stock Option Exercise, Tami Rosen, Chief Development Officer, Director, SEC Form 4, Equity Acquisition, 10b5-1 Plan