Evangelos Perros - 01 Jan 2025 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 Jan 2025
Transactions value $: $-212,411
Form type: 4
Filing time: 03 Jan 2025, 19:52:09 UTC
Previous filing: 03 Oct 2024
Next filing: 13 Mar 2025
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	+16.3%	$0.000000	29,788	01 Jan 2025	Direct
transaction	PGY	Class A Ordinary Share	Award	$0	+45,546	+153%	$0.000000	75,334	01 Jan 2025	Direct
transaction	PGY	Class A Ordinary Share	Sale	$-212,411	-21,305	-28.3%	$9.97	54,029	02 Jan 2025	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	-4,166	-100%	$0.000000	0	01 Jan 2025	Class A Ordinary Share	4,166	$0.000000	Direct	F2
transaction	PGY	Restricted Stock Unit	Options Exercise	$0	-45,546	-20%	$0.000000	182,132	01 Jan 2025	Class A Ordinary Share	45,546	$0.000000	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 quarterly 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 4 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 vested 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.