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

Role
Director
Signature
/s/ Avi Zeevi
Stock symbol
PGY
Transactions as of
Apr 8, 2024
Transactions value $
$0
Form type
3
Date filed
4/9/2024, 09:04 AM
Previous filing
Apr 9, 2024
Next filing
May 10, 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 5.66K Apr 8, 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
holding PGY Non-Qualified Stock Option (right to buy) Apr 8, 2024 Class A Ordinary Share 141K $18.96 Direct F2
holding PGY Non-Qualified Stock Option (right to buy) Apr 8, 2024 Class A Ordinary Share 42K $18.96 Direct F3
holding PGY Restricted Stock Unit Apr 8, 2024 Class A Ordinary Share 5.66K $0.00 Direct F4
* 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 1/2nd 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.
F3 Subject to both time-based vesting and performance-based vesting conditions. Time-based vesting condition: 1/4th of the shares subject to the option became vested on March 31, 2023, and 1/4th of the shares subject to the option shall become vested every twelve months thereafter. Performance-based condition: 1/2nd of the shares subject to the option became vested on June 22, 2022, 1/3rd of the shares subject to the option became vested on August 21, 2022, and the remainder of the shares subject to the option shall become vested with the attainment of meeting the remaining performance goal specified in the option agreement.
F4 1/4th of the total 11,312 restricted stock units initially subject to this award vested on December 13, 2023, and 1/4th of the total units initially subject to this award vest every three months thereafter.