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

Tami Rosen, Chief Development Officer of Pagaya Technologies, sold 27,676 shares of Class A Ordinary Stock at an average price of $15.1476 on November 11, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On November 11, 2024, Tami Rosen, the Chief Development Officer of Pagaya Technologies Ltd., sold 27,676 shares of Class A Ordinary Stock.
• The sale was executed at a weighted average price of $15.1476 per share, with individual transactions ranging from $15.00 to $15.37.
• The transaction was conducted under a pre-arranged 10b5-1 trading plan.
• Following the sale, 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. It doesn't inherently convey positive or negative sentiment, as it's simply a factual report of a transaction executed under a pre-arranged plan.

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, but the existence of a 10b5-1 plan mitigates concerns about insider information being used for trading.

Key Dates