Form 4: Pagaya Technologies Officer Kim Nam Woo Reports Transaction

Kim Nam Woo, a Pagaya Technologies officer, reported the acquisition and disposal of Class A Ordinary Shares on October 11, 2024, according to a Form 4 filing.

Summary

• On October 11, 2024, Kim Nam Woo, VP, of Accounting and Financial Reporting Officer and Interim Principal Accounting Officer of Pagaya Technologies Ltd., reported transactions involving Class A Ordinary Shares.
• Nam Woo acquired 326 Class A Ordinary Shares at $0.
• Nam Woo disposed of 133 Class A Ordinary Shares at $10.83.
• These transactions resulted in Nam Woo beneficially owning 4,180 Class A Ordinary Shares following the reported transactions.
• The sale of securities was necessary to satisfy tax withholding obligations arising from the vesting of a compensatory award.
• Nam Woo also reported owning 2,608 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral report of transactions. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company officers.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to tax obligations from vesting of a compensatory award.

Key Dates