Evangelos Perros - 01 Jul 2024 Form 4 Insider Report for Pagaya Technologies Ltd. (PGY)

Role
Chief Financial Officer
Signature
/s/ Natalie Wilmore, Attorney-in-Fact
Issuer symbol
PGY
Transactions as of
01 Jul 2024
Transactions value $
-$349,935
Form type
4
Filing time
21 Aug 2024, 20:37:55 UTC
Previous filing
26 Jun 2024
Next filing
03 Oct 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 Award $0 +4,166 $0 4,166 01 Jul 2024 Direct
transaction PGY Class A Ordinary Share Sale -$22,417 -1,750 -42% $12.81 2,416 01 Jul 2024 Direct F1
transaction PGY Class A Ordinary Share Award $0 +45,546 +1,885% $0 47,962 01 Aug 2024 Direct
transaction PGY Class A Ordinary Share Sale -$327,517 -24,171 -50% $13.55 23,791 01 Aug 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 Award $0 -4,166 -33% $0 8,333 01 Jul 2024 Class A Ordinary Share 4,166 $0 Direct F2
transaction PGY Restricted Stock Unit Award $0 -45,546 -17% $0 227,678 01 Aug 2024 Class A Ordinary Share 45,546 $0 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 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 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 vest 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.

Remarks:

The transactions reported herein are being reported late due to an inadvertent administrative error and not any error of the Reporting Person.