Form 4: Pagaya President Sanjiv Das Reports Stock Transactions

Pagaya Technologies President Sanjiv Das reported the acquisition of shares from vested restricted stock units and a subsequent sale to cover tax obligations.

Summary

• Sanjiv Das, President of Pagaya Technologies Ltd. (PGY), reported transactions involving Class A Ordinary Shares.
• On December 12, 2025, Das acquired 23,750 Class A Ordinary Shares through the exercise of Restricted Stock Units (RSUs) at a price of $0.
• Concurrently, Das disposed of 568 Class A Ordinary Shares at a price of $22.35 per share.
• The sale of shares was conducted to satisfy tax withholding obligations arising from the vesting of a compensatory award.
• Following these transactions, Das beneficially owns 133,922 Class A Ordinary Shares directly.
• Das also beneficially owns 118,750 Restricted Stock Units directly, which are scheduled to vest over two years in eight equal quarterly installments starting June 12, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and a subsequent sale to cover tax obligations. This is a neutral event, common for executives receiving equity compensation, and does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• Sanjiv Das acquired 23,750 Class A Ordinary Shares through the vesting of Restricted Stock Units, indicating continued equity participation and alignment with shareholder interests.

Negatives

• Sanjiv Das disposed of 568 Class A Ordinary Shares, although this sale was explicitly stated to satisfy tax withholding obligations related to the RSU vesting.

Future Outlook

The remaining 118,750 Restricted Stock Units held by Sanjiv Das are scheduled to vest over a period of two years in eight equal quarterly installments, commencing on June 12, 2025.

Management Comments

• The sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.

Industry Context

This Form 4 filing represents a routine insider transaction, common for executives receiving equity compensation. The sale of shares to cover tax obligations upon RSU vesting is a standard practice and generally does not indicate a change in management's outlook on the company's prospects.

Stakeholder Impact

• Shareholders: The transaction is a routine insider filing and is unlikely to have a significant direct impact on shareholders. The sale for tax purposes is a common occurrence with equity compensation.

Next Steps

• Continued vesting of the remaining 118,750 Restricted Stock Units in quarterly installments starting June 12, 2025.

Key Dates

Keywords

Pagaya Technologies, PGY, Sanjiv Das, Form 4, Insider Transaction, Restricted Stock Unit, RSU, Stock Sale, Tax Withholding