Form 4: Pagaya Technologies Officer Yahav Yulzari Reports Share Acquisition

Yahav Yulzari, Chief Business Officer of Pagaya Technologies, reports the acquisition of 23,600 Class A Ordinary Shares at an average price of $10.5157.

Summary

• On September 30, 2024, Yahav Yulzari, Chief Business Officer of Pagaya Technologies Ltd., acquired 23,600 Class A Ordinary Shares.
• The shares were purchased at a weighted average price of $10.5157, with individual purchase prices ranging from $10.50 to $11.49.
• Following the transaction, Yulzari directly owns 311,637 Class A Ordinary Shares.
• The report was filed late due to an inadvertent administrative error.
• Yulzari has granted Natalie Wilmore and Eric Watson power of attorney to handle SEC filings related to Pagaya Technologies securities.

Sentiment

Score: 6

Explanation: Neutral sentiment. The document primarily reports a transaction. The late filing is a minor negative, but the purchase itself could be seen as a slightly positive signal.

Positives

• An officer of the company is increasing their investment in the company.

Negatives

• The report was filed late due to an administrative error, indicating a potential weakness in internal controls.

Risks

• The late filing, although attributed to an administrative error, could raise concerns about compliance and internal controls.
• Fluctuations in the share price could impact the value of Yulzari's holdings.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Management Comments

• The transactions reported herein are being reported late due to an inadvertent administrative error and not any error of the Reporting Person.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common among publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The level of detail provided is consistent with SEC requirements.
• Comparable companies like Upstart or LendingClub also have similar insider transaction filings.

Stakeholder Impact

• The share purchase could have a minor positive impact on shareholder sentiment.
• The late filing could raise minor concerns among shareholders regarding internal controls.

Key Dates