SCHEDULE 13G/A: Viola Ventures Group Discloses Significant Stake in Pagaya Technologies, Holding Over 13% of Class A Shares

An amended Schedule 13G filing reveals that Viola Ventures and its affiliated entities, along with key individuals, collectively hold a substantial beneficial ownership stake in Pagaya Technologies Ltd.'s Class A Ordinary Shares.

Summary

• Viola Ventures IV (A) L.P. beneficially owns 3,572,554 Class A ordinary shares, representing 5.9% of the class.
• Viola Ventures IV (B) L.P. beneficially owns 3,732,628 Class A ordinary shares, representing 6.1% of the class.
• Viola Ventures IV Principals Fund L.P. beneficially owns 205,666 Class A ordinary shares, representing 0.3% of the class.
• Viola Ventures IV CEO Program L.P. beneficially owns 55,060 Class A ordinary shares, representing 0.1% of the class.
• Viola 4 P, Limited Partnership beneficially owns 609,868 Class A ordinary shares, representing 1.0% of the class.
• The aggregate beneficial ownership by the direct holding entities (Viola IV (A), Viola IV (B), Viola IV Principals, Viola IV CEO, and Viola 4 P) totals 8,175,776 Class A ordinary shares.
• Viola Ventures 4 L.P. (Viola 4 GP), Viola Ventures 4 Ltd. (Viola 4 GP GP), and Viola Ventures V.C. Management 4 Ltd. (Viola 4 Investment Management) each report shared beneficial ownership of 8,175,776 Class A ordinary shares, representing 13.4% of the class.
• Avi Zeevi, a Reporting Individual, reports an aggregate beneficial ownership of 8,385,731 Class A ordinary shares, representing 13.7% of the class, which includes personal holdings, shares held via a controlled company (A. Zeevi Management Services Ltd.), and shared ownership with the Viola entities.
• Harel Beit-On and Shlomo Dovrat, also Reporting Individuals, each report shared beneficial ownership of 8,175,776 Class A ordinary shares, representing 13.4% of the class.
• The percentages of Class A shares are based on 61,003,320 Class A ordinary shares outstanding as of October 31, 2024.
• The actual percentage of outstanding voting power held by the Reporting Persons is lower than the reported Class A share percentage due to the existence of 12,652,310 Class B ordinary shares (ten votes per share) and 5,000,000 Series A preferred shares (convertible to Class A on a one-for-one basis, one vote per share).

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or outlook. It simply updates the public record on a significant investor's stake.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an institutional investor group in a publicly traded technology company. It reflects the continued significant stake held by Viola Ventures in Pagaya Technologies Ltd., a financial technology company.

Stakeholder Impact

• Shareholders: Provides transparency regarding the ownership structure and the significant stake held by Viola Ventures and its affiliates, which could signal long-term institutional confidence or potential influence on corporate decisions.

Key Dates

Keywords

Pagaya Technologies Ltd., Viola Ventures, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Ordinary Shares, Institutional Investor, Equity Stake