Form 4: Pagaya Technologies' CTO Avital Pardo Sells 1,200 Shares Under 10b5-1 Plan

Avital Pardo, Chief Technology Officer of Pagaya Technologies, sold 1,200 Class A Ordinary Shares at an average price of $12.0058 on May 2, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 2, 2025, Avital Pardo, the Chief Technology Officer of Pagaya Technologies Ltd., sold 1,200 Class A Ordinary Shares.
• The sale was executed at a weighted average price of $12.0058 per share.
• The transactions occurred within a price range of $12.00 to $12.02.
• The sale was conducted under a pre-arranged 10b5-1 trading plan.
• Following the transaction, Pardo directly owns 281,925 Class A Ordinary Shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives. The use of a 10b5-1 plan suggests that the trading activity was pre-planned and not based on any inside information at the time of the transaction.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates

Keywords

Pagaya Technologies, Avital Pardo, Form 4, insider trading, PGY, 10b5-1 plan, Class A Ordinary Shares, Chief Technology Officer, SEC