Tami Rosen - 31 Oct 2024 Form 4 Insider Report for Pagaya Technologies Ltd. (PGY)

Role
Chief Development Officer, Director
Signature
/s/ Natalie Wilmore, Attorney-in-Fact
Issuer symbol
PGY
Transactions as of
31 Oct 2024
Transactions value $
-$304,080
Form type
4
Filing time
04 Nov 2024, 17:01:17 UTC
Previous filing
03 Oct 2024
Next filing
07 Nov 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 +15,625 +19% $0 99,052 31 Oct 2024 Direct
transaction PGY Class A Ordinary Share Sale -$92,166 -7,966 -8% $11.57 91,086 01 Nov 2024 Direct F1
transaction PGY Class A Ordinary Share Sale -$211,913 -17,570 -19% $12.06 73,516 31 Oct 2024 Direct F2, F3

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 -15,625 -50% $0 15,625 31 Oct 2024 Class A Ordinary Share 15,625 $0 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

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 This sale was effected pursuant to a 10b5-1 plan, as noted on the form specific filing information.
F3 Weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.21 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 1/4th of the total 125,000 restricted stock units initially subject to this award vested on each of October 31, 2023 and January 31, 2024, and the remaining vests quarterly, in four equal installments.