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 7,659 shares of Class A Ordinary Stock at $12 per share on November 6, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Tami Rosen, Chief Development Officer of Pagaya Technologies Ltd., sold 7,659 shares of Class A Ordinary Stock on November 6, 2024.
- The sale was executed at a price of $12 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan.
- Following the transaction, Rosen directly owns 65,857 shares of Pagaya Technologies Ltd.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of the transaction: sale of 7,659 shares of Class A Ordinary Stock. |
| 11/07/2024 | Date of signature for the Form 4 filing. |
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