Nicole Torraco - Nov 14, 2024 Form 4 Insider Report for Pagaya Technologies Ltd. (PGY)

Role
Director
Signature
/s/ Natalie Wilmore, Attorney-in-Fact
Stock symbol
PGY
Transactions as of
Nov 14, 2024
Transactions value $
-$21,161
Form type
4
Date filed
11/18/2024, 05:01 PM
Previous filing
Oct 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGY Class A Ordinary Share Award $0 +4.74K +66.66% $0.00 11.9K Nov 14, 2024 Direct
transaction PGY Class A Ordinary Share Sale -$21.2K -2.37K -19.99% $8.92 9.49K Nov 15, 2024 Direct F1, F2

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 Restricted Stock Unit Options Exercise $0 +4.74K $0.00 0 Nov 14, 2024 Class A Ordinary Share 4.74K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were sold in large part to cover taxes incurred upon the vesting of restricted stock units pursuant to a Rule 10b5-1 plan dated March 21, 2024.
F2 Weighted average price. These shares were sold in multiple transactions at prices ranging from $9.33 to $8.68 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 1/4th of the total 18,972 restricted stock units initially subject to this award vested on February 14, 2024, and the remaining total units initially subject to this award vests quarterly in 3 equal installments.