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

Avital Pardo, Chief Technology Officer and Director of Pagaya Technologies Ltd., sold 20,911 Class B Ordinary Shares at a weighted average price of $15.1303 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On May 14, 2025, Avital Pardo, the Chief Technology Officer and a Director of Pagaya Technologies Ltd., sold 20,911 Class B Ordinary Shares.
• The shares were sold at a weighted average price of $15.1303.
• The sale was executed under a pre-arranged 10b5-1 trading plan.
• Following the transaction, Pardo directly owns 2,380,617 Class B Ordinary Shares.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing 10b5-1 plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are routinely monitored by investors. Sales under a 10b5-1 plan are generally viewed as less impactful than discretionary sales, as they are pre-arranged.

Stakeholder Impact

• The sale of shares by a company director could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Pagaya Technologies, Avital Pardo, Form 4, Share Sale, 10b5-1 Plan, PGY, Director, CTO