Form 4: Pagaya Technologies President Sanjiv Das Sells Over 31,000 Class A Shares

Sanjiv Das, President of Pagaya Technologies Ltd., has reported the sale of 31,382 Class A Ordinary Shares at a price of $17.15 per share.

Summary

• Sanjiv Das, identified as the President and a Director of Pagaya Technologies Ltd. (PGY), executed a sale of company shares.
• The transaction involved the disposition of 31,382 Class A Ordinary Shares.
• The shares were sold at a price of $17.15 per share.
• The transaction date was June 3, 2025, which also served as the deemed execution date.
• Following this sale, Mr. Das directly beneficially owns 74,435 Class A Ordinary Shares.

Sentiment

Score: 4

Explanation: The sale of a significant portion of direct holdings by a key executive (President) can be perceived as a slightly negative signal by the market, although it's a single transaction and reasons for the sale are not disclosed.

Negatives

• The President of Pagaya Technologies Ltd., Sanjiv Das, sold 31,382 Class A Ordinary Shares, representing approximately 29.6% of his direct holdings prior to the transaction (calculated as 31,382 / (31,382 + 74,435)), which could be interpreted by investors as a signal of reduced confidence or a move towards diversification by a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This document is a standard insider transaction report (Form 4) and does not provide broader industry context or trends. It solely reports a change in beneficial ownership by a company executive.

Stakeholder Impact

• Shareholders may interpret the insider sale by the President as a potential negative signal regarding the company's near-term prospects or valuation, which could influence investor sentiment and potentially the stock price.

Key Dates

Keywords

Pagaya Technologies, PGY, Sanjiv Das, Insider Sale, Form 4, Class A Ordinary Shares, Executive Stock Sale, Beneficial Ownership, SEC Filing