Form 4: Pagaya Technologies Executive Tami Rosen Reports Share Transactions
SEC Form 4 Filing
Tami Rosen, Chief Development Officer at Pagaya Technologies, reported the acquisition of shares through vesting of restricted stock units and the sale of shares to cover tax obligations.
Summary
- Tami Rosen, Chief Development Officer of Pagaya Technologies, reported transactions involving Class A Ordinary Shares.
- On January 1, 2025, Rosen acquired 56,916 Class A Ordinary Shares through the vesting of restricted stock units (RSUs).
- On January 2, 2025, Rosen sold 21,547 Class A Ordinary Shares at a price of $9.97 per share.
- The sale was to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Rosen beneficially owns 73,550 Class A Ordinary Shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing insider transactions, which is neither positive nor negative in itself. It reflects standard corporate activity.
Industry Context
This is a standard SEC Form 4 filing, which is common for company insiders reporting transactions in their company's stock. It is a routine part of corporate governance and transparency.
Comparison to Industry Standards
- The reporting of insider transactions via SEC Form 4 is a standard practice for publicly traded companies in the United States, such as Pagaya Technologies.
- Similar filings are made by executives at companies like Upstart, Affirm, and LendingClub when they trade their company's stock.
- The sale of shares to cover tax obligations from vesting RSUs is a common occurrence across the industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they are related to executive compensation and tax obligations.
- The sale of shares may have a slight downward pressure on the stock price, but it is likely to be minimal due to the relatively small volume.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Tami Rosen acquired 56,916 Class A Ordinary Shares through vesting of restricted stock units. |
| 01/02/2025 | Tami Rosen sold 21,547 Class A Ordinary Shares at $9.97 per share. |
| 01/03/2025 | Date of signature for the SEC Form 4 filing. |
Keywords
Pagaya Technologies, Tami Rosen, Class A Ordinary Shares, Restricted Stock Units, RSU, Share Transactions, SEC Form 4, Insider Trading
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