Form 4: Pagaya Technologies CDO Sells 10,000 Shares Under Pre-Arranged 10b5-1 Plan

Pagaya Technologies Ltd.'s Chief Development Officer, Tami Rosen, sold 10,000 Class A Ordinary Shares for $20.24 each, reducing her direct beneficial ownership to 35,619 shares, as part of a pre-arranged 10b5-1 plan.

Summary

• Tami Rosen, Chief Development Officer and Director of Pagaya Technologies Ltd. (PGY), executed a sale of company shares.
• The transaction involved the disposition of 10,000 Class A Ordinary Shares.
• The shares were sold at a price of $20.24 per share.
• The sale was conducted on June 25, 2025, and was effected pursuant to a Rule 10b5-1 trading plan.
• Following this transaction, Tami Rosen directly beneficially owns 35,619 Class A Ordinary Shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While an insider sale can be perceived negatively, the fact that it was conducted under a 10b5-1 plan mitigates concerns about its implications for the company's immediate prospects, suggesting a pre-planned financial decision rather than a reaction to adverse events.

Positives

• The sale was executed under a Rule 10b5-1 plan, indicating that it was pre-scheduled and not based on new, non-public information, which enhances transparency.

Negatives

• The transaction represents a reduction in direct insider ownership by a key executive and director, which can sometimes be perceived negatively by investors.

Risks

• No specific risks were mentioned in the document beyond the general implication of an insider sale, which can sometimes be misinterpreted by the market.

Future Outlook

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

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual executive's share activity within the financial technology sector.

Stakeholder Impact

• Shareholders: May view the reduction in insider ownership with slight concern, though the 10b5-1 plan context helps alleviate fears of a lack of confidence from management.

Key Dates

Keywords

Pagaya Technologies, PGY, Insider Trading, Form 4, Stock Sale, Tami Rosen, 10b5-1 Plan, Class A Ordinary Share, Officer Transaction, Director Transaction