Sanjiv Das - 16 Oct 2024 Form 4 Insider Report for Pagaya Technologies Ltd. (PGY)

Role
President
Signature
/s/ Natalie Wilmore, Attorney-in-Fact
Issuer symbol
PGY
Transactions as of
16 Oct 2024
Net transactions value
-$125,739
Form type
4
Filing time
17 Oct 2024, 19:44:29 UTC
Previous filing
03 Oct 2024
Next filing
03 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGY Class A Ordinary Share Award $0 +22,917 +44% $0.000000 75,477 16 Oct 2024 Direct
transaction PGY Class A Ordinary Share Sale $125,739 -10,683 -14% $11.77 64,794 17 Oct 2024 Direct F1

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 PGY Stock Options (Right to Buy) Award $0 +700,000 $0.000000 700,000 16 Oct 2024 Class A Ordinary Share 700,000 $15.00 Direct F2
transaction PGY Restricted Stock Unit Award $0 -22,917 -53% $0.000000 20,588 16 Oct 2024 Class A Ordinary Share 22,917 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.
F2 1/4th of the total 700,000 options will vest one year after the commencement date on October 16, 2025, and the remaining shall vest over the following 3 years in annual installments on the vesting anniversary.
F3 1/4th of the total 183,333 RSUs initially subject to this award vested on April 16, 2024, and the remaining RSUs shall vest thereafter in 6 equal quarterly installments beginning on July 16, 2024.