4/A: Pagaya Technologies Executive RSU Amendment
Form 4 Amendment
President Sanjiv Das filed an amendment to a Form 4 to correct the reported balance of restricted stock units following a vesting event.
Summary
- The filing is an amendment to a previously submitted Form 4 regarding the beneficial ownership of Pagaya Technologies Ltd. (PGY) securities.
- The amendment corrects the reported number of restricted stock units (RSUs) held by President Sanjiv Das following a transaction on October 16, 2025.
- The transaction involved the vesting of 22,916 RSUs, which were converted into Class A Ordinary Shares.
- The original award consisted of 183,333 RSUs, with a vesting schedule of 1/4th on April 16, 2024, followed by 6 equal quarterly installments.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event with no impact on the company's operational or financial trajectory.
Positives
- The filing demonstrates transparency by proactively correcting a clerical error in previous ownership reporting.
Negatives
- The need for an amendment indicates a minor administrative oversight in the initial reporting of executive equity holdings.
Risks
- None identified; this is a routine administrative correction.
Future Outlook
No forward-looking guidance or strategic outlook provided in this administrative filing.
Industry Context
StockSavvy.ai notes that administrative amendments to Form 4 filings are common in the fintech sector as executives manage complex equity compensation structures, and this filing does not signal any change in company strategy or financial health.
Comparison to Industry Standards
- The reporting of RSU vesting is consistent with standard executive compensation disclosure practices for U.S.-listed technology companies.
- The correction of clerical errors via amendment is a standard regulatory compliance procedure.
Stakeholder Impact
- Minimal to no impact on shareholders, as this is a routine correction of an executive's equity holdings.
Next Steps
- No further actions required by the reporting person regarding this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Initial vesting date for the RSU award. |
| 07/16/2024 | Commencement of quarterly vesting installments. |
| 10/16/2025 | Date of the reported RSU vesting transaction. |
| 10/20/2025 | Date the original Form 4 was filed. |
| 04/20/2026 | Date of the current amendment filing. |
Keywords
Pagaya Technologies, PGY, Form 4, Insider Trading, Restricted Stock Units, Executive Compensation
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