Form 4: Pagaya Technologies' CTO Avital Pardo Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Avital Pardo, Chief Technology Officer of Pagaya Technologies Ltd., sold a total of 165,466 Class A Ordinary Shares on May 7th and 8th, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Avital Pardo, the Chief Technology Officer of Pagaya Technologies Ltd., sold shares of the company's Class A Ordinary Stock.
- The sales occurred on May 7th and May 8th, 2025.
- On May 7th, 70,990 shares were sold at a weighted average price of $12.2579.
- On May 8th, 94,476 shares were sold at a weighted average price of $12.2391.
- These transactions were executed under a 10b5-1 trading plan.
- Following these transactions, Pardo directly owns 116,459 shares of Class A Ordinary Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's simply a report of transactions.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares under 10b5-1 plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could potentially create uncertainty among shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 05/07/2025 | Date of first reported transaction: Sale of 70,990 Class A Ordinary Shares. |
| 05/08/2025 | Date of second reported transaction: Sale of 94,476 Class A Ordinary Shares. |
| 05/09/2025 | Date of signature on the Form 4 filing. |
Keywords
Pagaya Technologies, Avital Pardo, share sales, Form 4, 10b5-1 plan, Class A Ordinary Shares, insider trading
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