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

Role: Chief Financial Officer
Signature: /s/ Evangelos Perros
Stock symbol: PGY
Transactions as of: Apr 8, 2024
Transactions value $: $0
Form type: 3
Date filed: 4/26/2024, 04:07 PM
Next filing: Jun 26, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PGY	Class A Ordinary Share						11.3K	Apr 8, 2024	Direct

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 A Ordinary Share	3.89K	$51.36	Direct
holding	PGY	Incentive Stock Option (right to buy)							Apr 8, 2024	Class A Ordinary Share	1.95K	$51.36	Direct
holding	PGY	Non-Qualified Stock Option (right to buy)							Apr 8, 2024	Class A Ordinary Share	14.3K	$12.24	Direct	F1
holding	PGY	Non-Qualified Stock Option (right to buy)							Apr 8, 2024	Class A Ordinary Share	556	$51.36	Direct
holding	PGY	Non-Qualified Stock Option (right to buy)							Apr 8, 2024	Class A Ordinary Share	5.45K	$51.36	Direct
holding	PGY	Restricted Stock Unit							Apr 8, 2024	Class A Ordinary Share	12.5K	$0.00	Direct	F2
holding	PGY	Restricted Stock Unit							Apr 8, 2024	Class A Ordinary Share	273K	$0.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Became fully vested and exercisable on November 30, 2023.
F2	1/4th of the total 33,333 restricted stock units initially subject to this award vested on April 1, 2023, and 1/4th of the total units initially subject to this award vest every three months thereafter.
F3	1/6th of the total 273,224 restricted stock units subject to this award shall vest each on August 1, 2024 and January 1, 2025, and the remaining 2/3rd of the grant shall vest over the following 24 months in equal quarterly installments on April 1, 2025, July 1, 2025, October 1, 2025, January 1, 2026, April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027.