Robert Wolf - Jun 22, 2022 Form 4 Insider Report for EJF Acquisition Corp. (EJFA)

Role: Director
Signature: /s/ Kevin Stein, Attorney-in-Fact
Stock symbol: EJFA
Transactions as of: Jun 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/22/2022, 05:00 PM
Previous filing: Dec 28, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EJFA	Class B ordinary shares	Disposed to Issuer		-40K	-100%		0	Jun 22, 2022	Class A ordinary shares	40K		By LLC	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robert Wolf is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	As described in the prospectus for the initial public offering (File No. 333-252892) of EJF Acquisition Corp. ("EJFA") under the heading "Description of Securities--Founder Shares," the EJFA Class B ordinary shares were automatically convertible into EJFA Class A ordinary shares concurrently with, or immediately following, the consummation of EJFA's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights.
F2	On June 22, 2022, pursuant to an Agreement and Plan of Merger dated as of September 15, 2021 (the "Merger Agreement"), by among EJFA, Pagaya Technologies Ltd. ("Pagaya") and Rigel Merger Sub Inc., a wholly owned subsidiary of Pagaya ("Merger Sub"), Merger Sub merged with and into EJFA (the "Merger"), with EJFA surviving the Merger as a wholly-owned subsidiary of Pagaya. At the effective time of the Merger, each EJFA Class B ordinary share ceased to be outstanding and automatically converted into the right to receive one Class A ordinary share of Pagaya.
F3	The Reporting Person disclaims beneficial ownership of securities reported herein as indirectly held, except to the extent of his pecuniary interest therein.