PGY insider filing: President vests 22,916 RSUs, sells 12,816 shares

Rhea-AI Filing Summary

Pagaya Technologies Ltd. (PGY) reported an insider equity transaction by its President. On 10/16/2025, 22,916 Class A Ordinary Shares were acquired at $0 via RSU vesting (code M), and 12,816 shares were sold at $27.4 (code S) the same day. Following these transactions, 110,740 shares were beneficially owned directly.

The sale was made to satisfy tax withholding obligations from the vesting of a compensatory award. The underlying grant totals 183,333 RSUs: 1/4 vested on April 16, 2024, with the remainder vesting in six equal quarterly installments beginning July 16, 2024.

Insights

Equity Compensation Analyst

Routine RSU vest and tax‑withholding sale; neutral impact.

The President converted 22,916 RSUs into Class A shares on 10/16/2025 (code M) at an exercise price of $0, then sold 12,816 shares at $27.4 (code S). The filing notes the sale covered tax withholding from the vesting event.

This is a standard equity comp event rather than an open‑market discretionary sale. Post‑transaction direct holdings are 110,740 shares. The broader RSU grant totals 183,333 units with a schedule: 25% vested on April 16, 2024; the balance in six equal quarterly tranches beginning July 16, 2024.

Insider Trade Summary

Net Seller: 12,816 shares ($351,158)

Net Sell 3 txns

Insider DAS SANJIV

Role President

Sold 12,816 shs ($351K)

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	22,916	$0.00	--
Exercise	Class A Ordinary Share	22,916	$0.00	--
Sale	Class A Ordinary Share	12,816	$27.40	$351K

Holdings After Transaction: Restricted Stock Unit — 22,916 shares (Direct); Class A Ordinary Share — 123,556 shares (Direct)

Footnotes (1)

1. Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

DAS SANJIV

(Last) (First) (Middle)

C/O PAGAYA TECHNOLOGIES LTD.

335 MADISON AVENUE, 16TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pagaya Technologies Ltd. [ PGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
10/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Share	10/16/2025	10/16/2025	M		22,916	A	$0	123,556	D
Class A Ordinary Share	10/16/2025	10/16/2025	S(1)		12,816	D	$27.4	110,740	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$0	10/16/2025	10/16/2025	M			22,916	(2)	(2)	Class A Ordinary Share	22,916	$0	22,916	D

Explanation of Responses:

1. Sale of securities was necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award.

2. 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.

Remarks:

	/s/ Natalie Wilmore, Attorney-in-Fact	10/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Pagaya (PGY) disclose in this Form 4?

An officer (President) reported RSU vesting of 22,916 shares and a same‑day sale of 12,816 shares at $27.4 on 10/16/2025.

Why were PGY shares sold in this transaction?

The filing states the sale was to satisfy tax withholding obligations arising from the vesting of a compensatory award.

How many PGY shares does the reporting person own after the transactions?

The filing shows 110,740 Class A Ordinary Shares beneficially owned directly after the reported transactions.

What was the price for the PGY share sale?

The reported sale price was $27.4 per share.

What is the size and schedule of the RSU grant in PGY?

The grant totals 183,333 RSUs: 25% vested on April 16, 2024, with the remainder vesting in six equal quarterly installments starting July 16, 2024.

What roles does the reporting person hold at Pagaya (PGY)?

The reporting person is an Officer (President) of Pagaya Technologies Ltd.