Form 4: Pagaya Technologies Director Nicole Torraco Sells 4,743 Shares
SEC Form 4 Filing
Director Nicole Torraco sold 4,743 shares of Pagaya Technologies Ltd. at an average price of $12.0383 on June 20, 2024.
Summary
- On June 20, 2024, Nicole Torraco, a director of Pagaya Technologies Ltd., sold 4,743 shares of Class A Ordinary Shares.
- The sale was executed at a weighted average price of $12.0383 per share.
- The prices for individual transactions ranged from $11.86 to $12.26.
- The reporting person has provided an undertaking to furnish full information regarding the number of shares sold at each separate price within the specified range upon request.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a share sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company, and these transactions are subject to regulatory oversight to prevent insider trading.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it's a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of the transaction (sale of shares) and Power of Attorney signing. |
| 06/21/2024 | Date of signature for the Form 4 filing. |
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