Form 4: Pagaya Technologies Ltd. Director Avital Pardo Sells Shares Under 10b5-1 Plan

Avital Pardo, Chief Technology Officer and Director at Pagaya Technologies Ltd., executed sales of Class A and Class B Ordinary Shares under a pre-arranged 10b5-1 trading plan.

Summary

• Avital Pardo, a Director and Chief Technology Officer at Pagaya Technologies Ltd., reported the sale of Class A and Class B Ordinary Shares.
• The transactions occurred on May 12, 2025, and May 13, 2025.
• The sales were executed under a 10b5-1 trading plan.
• On May 12, 2025, 116,459 Class A Ordinary Shares were sold at a weighted average price of $15.1636, and 121,289 Class B Ordinary Shares were sold at the same weighted average price.
• On May 13, 2025, 117,811 Class B Ordinary Shares were sold at a weighted average price of $15.0789.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the specified ranges upon request.
• Following these transactions, Pardo directly owns 0 Class A Ordinary Shares and 2,401,528 Class B Ordinary Shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any positive or negative outlook.

Risks

• Sales by insiders, even under 10b5-1 plans, can sometimes be perceived negatively by the market.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Insider trading activity is closely monitored by investors and regulators. Sales under 10b5-1 plans are generally viewed as less concerning than discretionary sales, as they are pre-arranged and designed to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a company director could have a minor impact on shareholder sentiment.

Key Dates

Keywords

Form 4, insider trading, share sale, Pagaya Technologies, Avital Pardo, 10b5-1 plan, PGY