Form 4: Pagaya Technologies Director Sells Shares Under Pre-Arranged Plan

Pagaya Technologies Ltd. Director Dan Petrozzo sold 8,484 Class A Ordinary Shares for $30.15 per share, reducing his beneficial ownership to 96,278 shares, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Dan Petrozzo, a Director of Pagaya Technologies Ltd. (PGY), disposed of 8,484 Class A Ordinary Shares.
• The transaction occurred on July 18, 2025, with a sale price of $30.15 per share.
• Following this sale, Mr. Petrozzo's beneficial ownership stands at 96,278 Class A Ordinary Shares.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which allows insiders to set up a pre-scheduled plan for buying or selling company stock.

Sentiment

Score: 5

Explanation: Neutral to slightly negative. While a director selling shares can be seen as a negative signal, the fact that it was executed under a pre-arranged 10b5-1 plan mitigates concerns that it's based on new, negative insider information. It's a routine disclosure for insider transactions.

Positives

• The sale was conducted under a Rule 10b5-1 plan, indicating it was pre-scheduled and not based on immediate, non-public information, which can mitigate concerns about insider sentiment.

Negatives

• A director's sale of shares reduces insider ownership, which some investors may view as a slight negative signal regarding future prospects, despite being part of a pre-arranged plan.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the director's sale as a slight negative signal, though mitigated by the 10b5-1 plan, as it reduces insider ownership.

Key Dates

Keywords

Pagaya Technologies, PGY, SEC Form 4, Insider Trading, Share Sale, Director, Dan Petrozzo, 10b5-1 Plan, Class A Ordinary Share