Form 4: Pagaya Technologies Executive Kim Nam Woo Reports Stock Transactions
SEC Form 4 Filing
Pagaya Technologies' VP of Accounting and Financial Reporting Officer, Kim Nam Woo, reports the acquisition and disposal of Class A Ordinary Shares to cover tax obligations.
Summary
- On October 1, 2024, Kim Nam Woo, VP of Accounting and Financial Reporting Officer at Pagaya Technologies, acquired 417 Class A Ordinary Shares at $0.
- Also on October 1, 2024, Kim Nam Woo was granted 417 Restricted Stock Units.
- On October 2, 2024, Kim Nam Woo disposed of 171 Class A Ordinary Shares at $9.9 to satisfy tax withholding obligations.
- Following these transactions, Kim Nam Woo beneficially owns 3,987 Class A Ordinary Shares and 2,083 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an officer, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations from vested stock awards.
Key Dates
| Date | Description |
|---|---|
| April 1, 2023 | 1/4 of the total 3,333 initially subjected to this award vested |
| January 1, 2024 | 1/4 of the total 3,333 initially subjected to this award vested |
| April 1, 2024 | Remaining RSUs shall vest thereafter in 4 equal quarterly installments beginning on this date, and thereafter |
| October 1, 2024 | Kim Nam Woo acquired 417 Class A Ordinary Shares and 417 Restricted Stock Units. |
| October 2, 2024 | Kim Nam Woo disposed of 171 Class A Ordinary Shares. |
| October 3, 2024 | Date of signature for the Form 4 filing. |
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