Form 4: Pagaya Technologies Director Dan Petrozzo Reports Acquisition of Class A Ordinary Shares
SEC Form 4
Director Dan Petrozzo reports acquiring Class A Ordinary Shares and Restricted Stock Units in Pagaya Technologies Ltd.
Summary
- On June 13, 2024, Dan Petrozzo acquired 2,828 Class A Ordinary Shares at $0 and 2,828 Restricted Stock Units.
- Following this transaction, Petrozzo directly owns 76,934 Class A Ordinary Shares.
- On September 13, 2024, Dan Petrozzo acquired 2,828 Class A Ordinary Shares at $0 and 2,828 Restricted Stock Units.
- Following this transaction, Petrozzo directly owns 79,762 Class A Ordinary Shares.
- A power of attorney was executed on August 30, 2024, appointing Natalie Wilmore and Eric Watson as attorneys-in-fact for Section 16 filings.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock transactions. The director's acquisition could be seen as mildly positive, but it's not a major event.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency to the market regarding their transactions in the company's securities.
Stakeholder Impact
- Shareholders are informed about the transactions of company insiders, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 2023-12-13 | 1/4th of the total 11,312 restricted stock units initially subject to this award vested. |
| 2024-06-13 | Dan Petrozzo acquired 2,828 Class A Ordinary Shares and 2,828 Restricted Stock Units. |
| 2024-08-30 | Power of attorney executed, appointing Natalie Wilmore and Eric Watson as attorneys-in-fact. |
| 2024-09-13 | Dan Petrozzo acquired 2,828 Class A Ordinary Shares and 2,828 Restricted Stock Units. |
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