Evangelos Perros - Jan 1, 2025 Form 4 Insider Report for Pagaya Technologies Ltd. (PGY)

Signature
/s/ Natalie Wilmore, Attorney-in-Fact
Stock symbol
PGY
Transactions as of
Jan 1, 2025
Transactions value $
-$212,411
Form type
4
Date filed
1/3/2025, 07:52 PM
Previous filing
Oct 3, 2024

Transactions Table

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 -4.17K -100% $0.00 0 Jan 1, 2025 Class A Ordinary Share 4.17K $0.00 Direct F2
transaction PGY Restricted Stock Unit Options Exercise $0 -45.5K -20% $0.00 182K Jan 1, 2025 Class A Ordinary Share 45.5K $0.00 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 quarterly vesting of a compensatory award.
F2 1/4th of the total 33,333 restricted stock units initially subject to this award vested on April 1, 2023, 1/4th of the total units initially subject to this award vested on January 1, 2024 and the reminder of the award vests in 4 equal installments every three months for the 12 months thereafter.
F3 1/6th of the total 273,224 restricted stock units subject to this award vested 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.