Form 4: Pagaya Technologies CDO Tami Rosen Reports Share Transactions Following RSU Vesting

Pagaya Technologies' Chief Development Officer and Director, Tami Rosen, reported the acquisition of 28,466 Class A Ordinary Shares through RSU vesting and subsequent sales of 28,466 shares for tax obligations and under a 10b5-1 plan in early July 2025.

Summary

• Tami Rosen, Chief Development Officer and Director of Pagaya Technologies Ltd., reported transactions involving Class A Ordinary Shares.
• On July 1, 2025, 28,466 Class A Ordinary Shares were acquired through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Following this acquisition, 14,645 Class A Ordinary Shares were sold on July 1, 2025, at $22.57 per share to cover tax withholding obligations.
• An additional 13,821 Class A Ordinary Shares were sold on July 3, 2025, at a weighted average price of $21.8529 per share, pursuant to a Rule 10b5-1 trading plan.
• The sales under the 10b5-1 plan occurred within a price range of $21.17 to $22.45.
• After these transactions, Tami Rosen directly beneficially owns 35,619 Class A Ordinary Shares.
• The RSU award initially comprised 170,765 units, with vesting occurring in installments on October 1, 2024, January 1, 2025, and the remaining over the subsequent two quarters.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions represent routine insider share activity, including the vesting of compensatory awards and subsequent sales for tax obligations and under a pre-arranged 10b5-1 plan. While insider selling reduces direct ownership, the reasons provided suggest planned rather than reactive dispositions.

Positives

• The vesting of 28,466 Restricted Stock Units (RSUs) indicates compensation for the Chief Development Officer, reflecting the company's equity incentive program.
• The sale of 13,821 shares was conducted under a Rule 10b5-1 plan, suggesting a pre-arranged and systematic approach to share disposition rather than an immediate reaction to market conditions.

Negatives

• Chief Development Officer Tami Rosen sold a total of 28,466 Class A Ordinary Shares, reducing her direct beneficial ownership in the company.
• One sale of 14,645 shares was specifically to satisfy tax withholding obligations, indicating a reduction in shares that would otherwise be retained by the executive.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note a reduction in direct insider ownership by a key executive, although the sales are attributed to tax obligations and a pre-arranged trading plan, which are common for equity compensation.

Key Dates

Recommendation

Keywords

Pagaya Technologies, PGY, Tami Rosen, Insider Trading, Form 4, SEC Filing, Share Sale, RSU Vesting, 10b5-1 Plan, Officer Transaction, Director Transaction