Form 4: Pagaya Technologies President Sanjiv Das Reports Share Transactions

Pagaya Technologies President Sanjiv Das acquired shares through vesting of restricted stock units and sold a portion to cover tax obligations.

Summary

• Sanjiv Das, President of Pagaya Technologies, reported transactions involving Class A Ordinary Shares.
• On January 1, 2025, Mr. Das acquired 17,077 shares through the vesting of restricted stock units (RSUs) at a price of $0.
• Following this acquisition, Mr. Das held 81,871 Class A Ordinary Shares.
• On January 2, 2025, Mr. Das sold 6,343 shares at a price of $9.97 per share.
• After the sale, Mr. Das held 75,528 Class A Ordinary Shares.
• The sale was to cover tax withholding obligations related to the vesting of the RSUs.
• The RSUs are part of an award of 68,306 RSUs, with 1/4th vesting on October 1, 2024, 1/4th on January 1, 2025, and the remainder vesting over the next four quarters.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider trading activity, which is neither positive nor negative in itself. The transactions are expected and related to compensation.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for company insiders when they trade company stock. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.

Comparison to Industry Standards

• The transactions are typical for executives receiving stock-based compensation.
• The sale of shares to cover tax obligations is a common practice among publicly traded companies.
• The vesting schedule of the RSUs is also a standard practice.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.

Key Dates

Keywords

Pagaya Technologies, Sanjiv Das, Class A Ordinary Shares, Restricted Stock Units, RSU, insider trading, SEC Form 4, share transaction