Form 4: Pagaya Technologies CFO Evangelos Perros Sells 11,293 Shares
SEC Form 4 Filing
Pagaya Technologies' Chief Financial Officer, Evangelos Perros, sold 11,293 shares of Class A Ordinary Stock at an average price of $12.1461 on June 25, 2024.
Summary
- On June 25, 2024, Evangelos Perros, the Chief Financial Officer of Pagaya Technologies Ltd., sold 11,293 shares of Class A Ordinary Stock.
- The sale was executed at a weighted average price of $12.1461 per share.
- The prices for individual transactions ranged from $11.94 to $12.28.
- Following the transaction, Perros still beneficially owns an unspecified amount of Pagaya Technologies stock.
- The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Insider sales are a common occurrence and are publicly disclosed to maintain transparency in the market. The sale by the CFO could be for personal financial planning reasons and doesn't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
Key Dates
| Date | Description |
|---|---|
| June 21, 2024 | Date of power of attorney granted to Natalie Wilmore and Eric Watson. |
| June 25, 2024 | Date of the stock sale transaction by Evangelos Perros. |
| June 26, 2024 | Date of signature on the Form 4 filing. |
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