Form 4: Pagaya Technologies Executive Tami Rosen Sells Shares Under 10b5-1 Plan

Tami Rosen, Chief Development Officer at Pagaya Technologies, sold 35,369 shares of Class A Ordinary Stock at $15 per share on February 13, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Tami Rosen, Chief Development Officer of Pagaya Technologies Ltd., reported the sale of 35,369 shares of Class A Ordinary Stock on February 13, 2025.
• The sale was executed at a price of $15 per share.
• The transaction was conducted under a pre-arranged 10b5-1 trading plan.
• Following the transaction, Rosen directly owns 38,181 shares of Pagaya Technologies Ltd.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider stock sale. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a negative outlook on the company. Therefore, the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives and directors. The use of a 10b5-1 plan suggests that the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.

Key Dates