Form 4: Pagaya Technologies Executive Tami Rosen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Tami Rosen, Chief Development Officer of Pagaya Technologies, sold 9,846 Class A Ordinary Shares at $12.18 per share on February 7, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Tami Rosen, the Chief Development Officer of Pagaya Technologies Ltd., sold 9,846 Class A Ordinary Shares on February 7, 2025.
- The sale was executed at a price of $12.18 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan.
- Following the transaction, Rosen directly owns 73,550 Class A Ordinary Shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on insider information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of transaction: Sale of 9,846 Class A Ordinary Shares. |
| 02/07/2025 | Date of signature: Form 4 filing date. |
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