Form 4: Pagaya Technologies Chief Development Officer Sells Over 13,000 Shares Under Pre-Arranged Plan

Pagaya Technologies Ltd.'s Chief Development Officer and Director, Tami Rosen, sold 13,814 Class A Ordinary Shares for approximately $244,000 under a pre-arranged 10b5-1 trading plan.

Summary

• Tami Rosen, Chief Development Officer and Director of Pagaya Technologies Ltd. (PGY), reported a sale of Class A Ordinary Shares.
• The transaction occurred on June 10, 2025.
• A total of 13,814 Class A Ordinary Shares were disposed of.
• The shares were sold at a weighted average price of $17.6796 per share.
• Individual transaction prices ranged from $17.29 to $18.07.
• This sale was executed pursuant to a Rule 10b5-1 plan, indicating it was pre-scheduled.
• Following this transaction, Tami Rosen beneficially owns 38,181 Class A Ordinary Shares directly.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned insider sale under a 10b5-1 plan, which typically mitigates negative sentiment compared to an unplanned sale. However, it still represents a reduction in insider ownership.

Negatives

• The sale of shares by a key executive, even if pre-planned, can sometimes be perceived by investors as a reduction in insider confidence or a move towards personal diversification rather than continued investment in the company's growth.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal, though the 10b5-1 plan mitigates concerns about immediate negative implications, suggesting the sale is for personal financial planning rather than a reaction to company performance.

Key Dates

Keywords

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