Form 4: Pagaya Technologies President Sanjiv Das Reports Stock Transactions

Sanjiv Das, President of Pagaya Technologies, reports acquisition and disposal of Class A Ordinary Shares to cover tax obligations from vesting of restricted stock units.

Summary

• On April 16, 2025, Sanjiv Das, President of Pagaya Technologies Ltd., acquired 22,916 Class A Ordinary Shares upon the vesting of restricted stock units.
• Also on April 16, 2025, 22,916 Restricted Stock Units converted into Class A Ordinary Shares.
• On April 17, 2025, Das disposed of 12,789 Class A Ordinary Shares at a price of $9.35 per share.
• The sale was necessary to cover tax withholding obligations arising from the vesting of a compensatory award.
• Following these transactions, Das directly owns 105,817 Class A Ordinary Shares and 45,832 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates activity related to equity compensation and tax obligations, which is common among publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Pagaya Technologies, PGY, Sanjiv Das, Class A Ordinary Share, Restricted Stock Units, Tax Withholding