Form 4: Pagaya Technologies CFO Reports Share Transactions Following Vesting

Pagaya Technologies' Chief Financial Officer, Evangelos Perros, reported the acquisition and disposal of Class A Ordinary Shares and Restricted Stock Units following vesting events.

Summary

• Evangelos Perros, the Chief Financial Officer of Pagaya Technologies, reported several transactions involving the company's Class A Ordinary Shares.
• On January 1, 2025, Perros acquired 4,166 Class A Ordinary Shares and 45,546 Class A Ordinary Shares at a price of $0.
• On January 2, 2025, Perros sold 21,305 Class A Ordinary Shares at a price of $9.97 per share.
• These transactions were related to the vesting of restricted stock units.
• The sale of shares was to cover tax obligations arising from the vesting of a compensatory award.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions related to vesting, which is neither positive nor negative. The sale of shares to cover tax obligations is a normal practice.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It reflects the vesting schedule of executive compensation.

Comparison to Industry Standards

• The vesting schedule of restricted stock units is a common practice in the technology industry for executive compensation.
• The sale of shares to cover tax obligations is a standard procedure for executives receiving equity compensation.
• Similar filings are regularly made by executives at comparable companies such as Upstart and Affirm.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Pagaya Technologies, Class A Ordinary Shares, Restricted Stock Units, SEC Form 4, Insider Trading, Vesting, Evangelos Perros, Chief Financial Officer