Form 4: Pagaya Technologies CBO Sells Over 12,900 Shares Under Pre-Arranged Plan

Pagaya Technologies Ltd.'s Chief Business Officer and Director, Yahav Yulzari, sold a total of 12,959 Class B Ordinary Shares in two transactions in mid-June 2025, pursuant to a Rule 10b5-1 trading plan.

Summary

• Yahav Yulzari, Chief Business Officer and Director of Pagaya Technologies Ltd. (PGY), reported the sale of Class B Ordinary Shares.
• On June 18, 2025, Mr. Yulzari sold 4,700 Class B Ordinary Shares at a weighted average price of $19.0002 per share.
• On June 20, 2025, an additional 8,259 Class B Ordinary Shares were sold at a price of $19.04 per share.
• Both sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Mr. Yulzari beneficially owns 4,140,591 Class B Ordinary Shares.
• Class B Ordinary Shares were converted to Class A Ordinary Shares upon sale.

Sentiment

Score: 5

Explanation: The document reports routine insider share sales conducted under a pre-arranged 10b5-1 plan, which is generally considered neutral as it's not indicative of new, material non-public information.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating they were pre-scheduled and not a reaction to new, non-public information, which can mitigate concerns about insider selling.

Negatives

• The transactions represent a reduction in direct beneficial ownership by a key executive and director, which can sometimes be perceived negatively by investors.

Risks

• No specific risks are detailed in this Form 4 filing beyond the general market perception associated with insider share sales.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The filing indicates that the sales were effected pursuant to a 10b5-1 plan, as noted on the form specific filing information.
• The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Industry Context

This document is a routine insider transaction report and does not provide information directly related to broader industry trends or competitor analysis.

Related Party Transactions

• The reported transactions are insider sales by a director and officer, which are inherently related-party dealings in the context of beneficial ownership reporting.

Stakeholder Impact

• Shareholders may note the reduction in direct insider ownership, though the 10b5-1 plan context typically mitigates significant negative interpretations.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Recommendation

Keywords

Pagaya Technologies, PGY, SEC Form 4, Insider Trading, Share Sale, Yahav Yulzari, 10b5-1 Plan, Chief Business Officer, Director, Beneficial Ownership