Form 4: Pagaya Technologies Executive Yahav Yulzari Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Yahav Yulzari, Chief Business Officer of Pagaya Technologies, sold Class B Ordinary Shares on May 12 and 13, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Yahav Yulzari, the Chief Business Officer of Pagaya Technologies Ltd., sold Class B Ordinary Shares on May 12 and May 13, 2025.
- The sales were executed under a pre-arranged 10b5-1 trading plan.
- On May 12, 2025, 238,004 shares were sold at a weighted average price of $15.1648, with prices ranging from $15.00 to $15.40.
- On May 13, 2025, 117,712 shares were sold at a weighted average price of $15.0797, with prices ranging from $15.00 to $15.26.
- Following these transactions, Yulzari directly owns 4,228,429 Class B Ordinary Shares.
- Class B Ordinary Shares were converted to Class A Ordinary Shares upon sale.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
Comparison to Industry Standards
- Executive compensation and trading activities are closely monitored in the financial technology sector.
- Companies like Upstart, Affirm, and LendingClub are often compared to Pagaya in terms of business model and market capitalization.
- Monitoring executive stock sales in these comparable companies can provide insights into market sentiment and company performance.
Stakeholder Impact
- The stock sales could have a minor impact on shareholder sentiment, depending on how the market interprets the transactions.
- The sales do not appear to directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Sale of 238,004 Class B Ordinary Shares at a weighted average price of $15.1648. |
| 05/13/2025 | Sale of 117,712 Class B Ordinary Shares at a weighted average price of $15.0797. |
| 05/13/2025 | Date of signature by Natalie Wilmore, Attorney-in-Fact. |
Keywords
Pagaya Technologies, Yahav Yulzari, Form 4, Share Sale, 10b5-1 Plan, PGY, Chief Business Officer
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