Gal Krubiner - Apr 8, 2024 Form 3 Insider Report for Pagaya Technologies Ltd. (PGY)

Role
Chief Executive Officer, Director
Signature
/s/ Gal Krubiner
Stock symbol
PGY
Transactions as of
Apr 8, 2024
Transactions value $
$0
Form type
3
Date filed
4/9/2024, 09:01 AM
Previous filing
Apr 9, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PGY Class A Ordinary Share 489K Apr 8, 2024 Direct F1
holding PGY Class B Ordinary Share 1.86M Apr 8, 2024 Direct
holding PGY Class B Ordinary Share 2.72M Apr 8, 2024 Class B Ordinary Shares held in trust for Gal Krubiner by Hamilton Trust Company

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
holding PGY Incentive Stock Option (right to buy) Apr 8, 2024 Class B Ordinary Share 583K $0.44 Direct F2
holding PGY Non-Qualified Stock Option (right to buy) Apr 8, 2024 Class B Ordinary Share 5.49M $18.96 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents total shares prior to the acquisition of shares on April 4, 2024.
F2 1/4th of the shares subject to the option became vested and exercisable on May 21, 2021, and 1/16th of the shares subject to the option shall become vested and exercisable every three months thereafter.
F3 1/2nd of the shares subject to the option became vested and exercisable on June 22, 2022, 1/3rd of the shares subject to the option became vested and exercisable on August 21, 2022, and the remainder of the shares subject to the option shall become vested and exercisable with the attainment of meeting the remaining performance goal specified in the option agreement.