Form 4: Pagaya Technologies Ltd. Executive Receives Restricted Stock Units

Pagaya Technologies Ltd. reports the grant of 185,000 Restricted Stock Units to Deputy CEO Yahav Yulzari, with vesting commencing June 25, 2026.

Summary

• Yahav Yulzari, Deputy Chief Executive Officer and Director of Pagaya Technologies Ltd., was granted 185,000 Restricted Stock Units (RSUs) on April 1, 2026.
• The RSUs are set to vest in eight equal quarterly installments, with the first vesting date on June 25, 2026.
• The filing indicates an inadvertent administrative delay caused the late reporting of this transaction, not any error by the reporting person.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard executive compensation event with a minor administrative delay in reporting.

Positives

• Grant of 185,000 RSUs to a key executive, signaling a commitment to retaining and incentivizing leadership.
• The vesting schedule starting in June 2026 provides a clear timeline for potential future share ownership.

Negatives

• The late filing due to administrative delay, while attributed to an error, could raise minor concerns about internal processes.

Risks

• The value of the RSUs is subject to the future stock price performance of Pagaya Technologies Ltd.
• Vesting is contingent upon continued employment, meaning any departure before vesting would result in forfeiture of unvested RSUs.

Future Outlook

The vesting schedule for the 185,000 RSUs begins on June 25, 2026, and will occur in eight equal quarterly installments.

Industry Context

StockSavvy.ai notes that the granting of Restricted Stock Units to executives is a common practice in the technology and fintech sectors to align executive interests with shareholder value and to aid in talent retention.

Stakeholder Impact

• Shareholders: The grant of RSUs to a key executive can be viewed positively as it aligns executive incentives with long-term company performance. However, the late filing, though administrative, may cause minor concern regarding internal controls.
• Employees: The grant reinforces the company's use of equity-based compensation for leadership, potentially setting a precedent for other employee incentive programs.
• Management: The grant is a direct benefit to Deputy CEO Yahav Yulzari, subject to vesting conditions.

Next Steps

• Vesting of Restricted Stock Units commencing June 25, 2026.

Key Dates

Keywords

Pagaya Technologies, PGY, Form 4, Restricted Stock Units, RSU Grant, Executive Compensation, Insider Trading, Securities Ownership, Yahav Yulzari