Form 4: Pagaya Technologies CFO Evangelos Perros Reports Stock Transactions

Chief Financial Officer of Pagaya Technologies, Evangelos Perros, reports acquisition and disposal of Class A Ordinary Shares.

Summary

• On October 1, 2024, Evangelos Perros, the CFO of Pagaya Technologies, acquired 4,167 Class A Ordinary Shares at $0.
• Following this acquisition, Perros directly owned 27,958 Class A Ordinary Shares.
• On October 2, 2024, Perros disposed of 2,336 Class A Ordinary Shares at a price of $9.9, reducing his direct ownership to 25,622 shares.
• The sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.
• Perros also acquired 4,167 Restricted Stock Units on October 1, 2024, which are convertible into Class A Ordinary Shares.
• These Restricted Stock Units vest in installments, with previous vesting dates on April 1, 2023, and January 1, 2024, and subsequent vesting every three months for the next 12 months.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The stock transactions by the CFO may be of interest to shareholders, as insider trading activity can sometimes provide insights into management's view of the company's prospects.

Key Dates