Scott Bower - 15 May 2024 Form 4 Insider Report for Pagaya Technologies Ltd. (PGY)

Role: Deputy Chief Financial Officer
Signature: /s/ Natalie Wilmore, Attorney-in-Fact
Issuer symbol: PGY
Transactions as of: 15 May 2024
Transactions value $: -$37,545
Form type: 4
Filing time: 17 May 2024, 16:53:58 UTC
Previous filing: 17 May 2024
Next filing: 21 Aug 2024
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	Options Exercise	$0	+8.54K	+580.42%	$0.00	10K	15 May 2024	Direct
transaction	PGY	Class A Ordinary Share	Sale	-$37.5K	-3.16K	-31.52%	$11.90	6.85K	16 May 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	Restricted Stock Unit	Options Exercise	$0	-8.54K	-25%	$0.00	25.6K	15 May 2024	Class A Ordinary Share	8.54K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Securities sold to cover tax obligations.
F2	1/4th of the total 34,153 restricted stock units initially subject to this award vested on May 15, 2024, 1/4th of the total units initially subject to this award vest on January 1, 2025 and the remainder of the award vests in equal amounts every three months for the following 12 months thereafter.