Form 4: Pagaya Technologies President Sanjiv Das Reports Stock Transactions
SEC Form 4 Filing
Sanjiv Das, President of Pagaya Technologies, reports acquisition and disposal of Class A Ordinary Shares and vesting of Restricted Stock Units (RSUs).
Summary
- On January 16, 2025, Sanjiv Das, President of Pagaya Technologies Ltd., acquired 22,917 Class A Ordinary Shares upon the vesting of Restricted Stock Units (RSUs).
- Also on January 16, 2025, tax withholding obligations arising from the vesting of the compensatory award were satisfied.
- On January 17, 2025, Mr. Das disposed of 7,282 Class A Ordinary Shares at a price of $8.85 per share.
- Following these transactions, Mr. Das beneficially owns 91,163 Class A Ordinary Shares directly and 68,748 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of the company's securities.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
- The sale of shares to cover tax obligations is a common practice and may not have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| April 16, 2024 | 1/4th of the total 183,333 RSUs initially subject to this award vested. |
| July 16, 2024 | Remaining RSUs vest thereafter in 6 equal quarterly installments beginning on this date. |
| January 16, 2025 | Acquisition of 22,917 Class A Ordinary Shares through RSU vesting. |
| January 16, 2025 | Sale of securities to satisfy tax withholding obligations. |
| January 17, 2025 | Disposal of 7,282 Class A Ordinary Shares at $8.85 per share. |
| January 21, 2025 | Date of signature for the Form 4 filing. |
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