Gal Krubiner - Apr 8, 2024 Form 3 Insider Report for Pagaya Technologies Ltd. (PGY)

Role: Chief Executive Officer, Director
Signature: /s/ Gal Krubiner
Stock symbol: PGY
Transactions as of: Apr 8, 2024
Transactions value $: $0
Form type: 3
Date filed: 4/9/2024, 09:01 AM
Previous filing: Apr 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PGY	Class A Ordinary Share						489K	Apr 8, 2024	Direct	F1
holding	PGY	Class B Ordinary Share						1.86M	Apr 8, 2024	Direct
holding	PGY	Class B Ordinary Share						2.72M	Apr 8, 2024	Class B Ordinary Shares held in trust for Gal Krubiner by Hamilton Trust Company

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
holding	PGY	Incentive Stock Option (right to buy)							Apr 8, 2024	Class B Ordinary Share	583K	$0.44	Direct	F2
holding	PGY	Non-Qualified Stock Option (right to buy)							Apr 8, 2024	Class B Ordinary Share	5.49M	$18.96	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents total shares prior to the acquisition of shares on April 4, 2024.
F2	1/4th of the shares subject to the option became vested and exercisable on May 21, 2021, and 1/16th of the shares subject to the option shall become vested and exercisable every three months thereafter.
F3	1/2nd of the shares subject to the option became vested and exercisable on June 22, 2022, 1/3rd of the shares subject to the option became vested and exercisable on August 21, 2022, and the remainder of the shares subject to the option shall become vested and exercisable with the attainment of meeting the remaining performance goal specified in the option agreement.