Form 4: Pagaya President Sanjiv Das Executes Stock Transaction

Pagaya Technologies President Sanjiv Das acquired 23,750 shares via RSU vesting and sold 13,309 shares to cover tax obligations.

Summary

• Sanjiv Das, President of Pagaya Technologies, acquired 23,750 Class A Ordinary Shares through the vesting of Restricted Stock Units (RSUs) on June 12, 2026.
• A total of 13,309 shares were sold at a price of $16.23 per share to satisfy mandatory tax withholding obligations related to the RSU vesting.
• Following these transactions, the reporting person maintains a direct beneficial ownership of 154,474.538 Class A Ordinary Shares.
• The remaining unvested portion of the RSU grant consists of 71,250 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is purely administrative and related to tax obligations rather than a discretionary change in investment sentiment.

Positives

• The transaction reflects the standard vesting of compensatory equity awards, indicating alignment between executive compensation and long-term company performance.

Negatives

• The sale of shares, while for tax purposes, reduces the total direct equity stake held by the President.

Risks

• Future tax obligations upon the vesting of remaining RSU tranches may necessitate further sales of company stock.

Future Outlook

The remaining 71,250 unvested RSUs are scheduled to vest in equal quarterly installments over the remainder of the two-year vesting period.

Industry Context

StockSavvy.ai notes that this filing represents routine executive equity management common in the fintech sector, where RSU vesting is a standard component of executive compensation packages.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for executive tax liability management.
• The use of sell-to-cover transactions is consistent with industry norms for publicly traded technology companies.

Stakeholder Impact

• Minimal impact on shareholders as the sale was limited to tax withholding requirements.

Next Steps

• Continued quarterly vesting of the remaining 71,250 RSUs.

Key Dates

Keywords

Pagaya Technologies, PGY, Insider Trading, Form 4, Sanjiv Das, Equity Compensation